Distributed Generation with Improved Remuneration

There are currently efforts to implement the concept of smart grids throughout the electric sector. This will bring radical changes to the entire management of the sector. The energy market does not run away from the rule. In this way, virtual power players will be required to update their business models to introduce all the concepts that the context of smart grids imposes. Thus, in this article is proposed a method that aggregates distributed generation and consumers who belong to demand response programs. Optimized scheduling, resource aggregation and classification of possible new resources, rescheduling, and remuneration are the phases of the methodology proposed and presented in this article. The focus will be on classification phase and the main objective is to create rules, through a previously trained model, to be able to classify the new resources and help with the challenges that virtual power players may face. Thus, five classification methods were tested and compared: neural networks, Bayesian naïve classification, decision trees, k-nearest neighbor method, and lastly support vector machine method.The present work was done and funded in the scope of the following projects: CONTEST Project (P2020-23575), and UID/EEA/00760/2013 funded by FEDER Funds through COMPETE program and by National Funds through FCT.info:eu-repo/semantics/publishedVersio

Technology roadmap: solar photovoltaic energy - 2014 edition

Solar power enhances energy diversity and hedges against price volatility of fossil fuels, thus stabilising costs of electricity generation in the long term, argues this report. Overview Solar energy is widely available throughout the world and can contribute to reduced dependence on energy imports. As it entails no fuel price risk or constraints, it also improves security of supply. Solar power enhances energy diversity and hedges against price volatility of fossil fuels, thus stabilising costs of electricity generation in the long term. Solar PV entails no greenhouse gas (GHG) emissions during operation and does not emit other pollutants (such as oxides of sulphur and nitrogen); additionally, it consumes no or little water. As local air pollution and extensive use of fresh water for cooling of thermal power plants are becoming serious concerns in hot or dry regions, these benefits of solar PV become increasingly important. Key findings: Since 2010, the world has added more solar photovoltaic (PV) capacity than in the previous four decades. Total global capacity overtook 150 gigawatts (GW) in early 2014 The geographical pattern of deployment is rapidly changing. While a few European countries, led by Germany and Italy, initiated large-scale PV development, since 2013, the People’s Republic of China has led the global PV market, followed by Japan and the United States PV system prices have been divided by three in six years in most markets, while module prices have been divided by five This roadmap envisions PV’s share of global electricity reaching 16% by 2050, a significant increase from the 11% goal in the 2010 roadmap Achieving this roadmap’s vision of 4 600 GW of installed PV capacity by 2050 would avoid the emission of up to 4 gigatonnes (Gt) of carbon dioxide (CO2) annually This roadmap assumes that the costs of electricity from PV in different parts of the world will converge as markets develop, with an average cost reduction of 25% by 2020, 45% by 2030, and 65% by 2050, leading to a range of USD 40 to 160/MWh, assuming a cost of capital of 8% To achieve the vision in this roadmap, the total PV capacity installed each year needs to rise from 36 GW in 2013 to 124 GW per year on average, with a peak of 200 GW per year between 2025 and 2040 The variability of the solar resource is a challenge. All flexibility options – including interconnections, demand-side response, flexible generation, and storage –need to be developed to meet this challenge Appropriate regulatory frameworks – and well-designed electricity markets, in particular – will be critical to achieve the vision in this roadmap Levelised cost of electricity from new-built PV systems and generation by sector

Advanced Mechanisms for the Promotion of Renewable Energy: Models for the Future Evolution of the German Renewable Energy Act

The German Renewable Energy Act (EEG) has been very successful in promoting the deployment of wind power plants and other renewable energy power generating technologies in Germany. The increasing share of EEG-power in the generation portfolio, increasing amounts of fluctuating power generation, and the growing European integration of power markets governed by competition calls for a re-design of the EEG. This article identifies increasingly important problems and describes three different options to amend the EEG without jeopardising the fast deployment of renewable energy technologies. In the "Retailer Model", it becomes the responsibility of the end-use retailers to adapt the EEG power to the actual demand of their respective customers. The "Market Mediator Model" is the primary choice when new market players are regarded as crucial for the better integration of renew-able energy and enhanced competition. The "Optional Bonus Model" relies more on functioning markets.Regulation, Renewable Energy, Promotion, Policy Design, Feed-In Tariff, Minimum Price Standards

Exploring the remuneration ‘black box’: establishing an organizational learning insight into changing remuneration committee ‘social worlds’

Current executive compensation research posits a need to extend analysis beyond principalagent theory in order to explore the complex social influences and processes implicated in Remuneration Committee (RemCo) decision-making (e.g. Bender, 2007; Kakabadse et al, 2006; Main et al., 2007), particularly given the current uproar surrounding reported levels and structuring of executive remuneration. We respond to this international need by highlighting how innovative organizational learning theorizing can be integrated into further investigations of the remuneration ‘Black Box’, in order to focus attention upon the nuances of what and how organizational learning takes place in the remuneration process. Additionally, we note the importance of investigating the main actors and particularly their performance of complex roles within their rapidly evolving ‘social worlds’. By exploring the organizational learning phenomena implicated in executive remuneration, we argue that practitioners, regulatory bodies etc. can appreciate further the implications of their respective decision-making

Smart Regulation for Smart Grids

Climate change and security of supply policies are driving us towards a decarbonization of the electricity system. It is in this context that smart grids are being discussed. Electricity grids, and hence their regulatory frameworks, have a key role to play in facilitating this transformation of the electricity system. In this paper, we analyze what is expected from grids and what are the regulatory tools that could be used to align the incentives of grid companies and grid users with what is expected from them. We look at three empirical cases to see which regulatory tools have already been applied and find that smart grids need a coherent regulatory framework addressing grid services, grid technology innovation and grid user participation to the ongoing grid innovation. The paper concludes with what appears to be a smart regulation for smart grids.Regulation, innovation, electricity, grids, transmission, distribution

The use of formal education in Denmark 1980-1992

Education of the labour force is often seen as one of the most important factors for the development of affluent economies. Denmark is such an economy with a GDP per capita above those of Germany and the US. Furthermore inequality is low. Denmark has only 5.1 million inhabitants and is closely interconnected to Cental Europe, both in infrastructure (Border to Germany, and ferry lines to Scandinavia, UK , Germany and Poland) and economically (EU-member since 1973). The Danish economy has been open to im- and export of all kinds of goods for decades. This article analyses the role of formal education for the development of the Danish economy. It uses input-output tables and is based on the Heckscher-Ohlin-Vanek model for trade and factor endowment.

When Migrant Remittances Are Not Everlasting, How Can Morocco Make Up?

In this paper, I run a computable general equilibrium (CGE) model of the Moroccan economy to investigate the transmission channels through which remittances affect households and sectors. I give a particular attention to the investment of remittances in the real estate sector, by allowing a segmentation of the savings market. To begin with, I assess the negative impact of immigration restrictive policies and permanent migration on the future evolution of remittances. Then I ask what would be the appropriate policies to take the maximum profit from current flows. It turns out that channelling investment from real estate to productive sectors is unexpectedly harmful in terms of growth and welfare. Positive effects stem only from government ability to attract investors through an improvement in the country risk premium, and private efforts to reduce international transfer costs.Sequential Dynamics; Computable General Equilibrium Model; Migration; Remittances.

When Migrant Remittances Are Not Everlasting, How Can Morocco Make Up ?

In this paper, I run a computable general equilibrium (CGE) model of the Moroccan economy to investigate the transmission channels through which remittances affect households and sectors. I give a particular attention to the investment of remittances in the real estate sector, by allowing a segmentation of the savings market. To begin with, I assess the negative impact of immigration restrictive policies and permanent migration on the future evolution of remittances. Then I ask what would be the appropriate policies to take the maximum profit from current flows. It turns out that channelling investment from real estate to productive sectors is unexpectedly harmful in terms of growth and welfare. Positive effects stem only from government ability to attract investors through an improvement in the country risk premium, and private efforts to reduce international transfer costs.Sequential dynamics, computable general equilibrium model, migration, remittances.

HEALTH AND HEALTH ECONOMICS: A CONCEPTUAL FRAMEWORK

Over the last three decades, treating health economics as an independent scientific discipline and providing specific treatment to the topics related to the economics of the health care sector have become more and more common. Currently, the field is so well established that it has appeared in the ordinary curriculum of most universities, and even if health economists are mainly to be found in the medical departments, the connections to economics proper are being strengthened, and the methodologies applied are getting refined. In this connection the paper highlights about the concept of health, why does health matter, relationship between health and Health Economics, and the justification of health economics

Good environmental governance for renewable energies: The example of Germany - lessons for China?

Germany’s pioneering role in the field of renewable energies (RES) can best be observed by its world leading position in installed wind power and photovoltaics. Also its first European rank in the production of biofuels and installed solar thermal collector space is remarkable. These successes are not due to an exceptionally good natural resource base; mainly they are the result of an innovative national support policy. Pressure from the European and international commitments also have contributed to the German success story in RES. The current paper analyses the main factors of the German case in the development of RES, including the design elements of the national promotion instruments and support programmes, the policy impacts from the European and the international level, technical as well as cognitive conditions. In addition, a description is given of further driving forces for a successful RES development in other European countries. The paper ends with the question which of the described success factors of the German RES case might be transferable to China - and which not. --