73,958 research outputs found
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Network-constrained models of liberalized electricity markets: the devil is in the details
Numerical models for electricity markets are frequently used to inform and support decisions. How robust are the results? Three research groups used the same, realistic data set for generators, demand and transmission network as input for their numerical models. The results coincide when predicting competitive market results. In the strategic case in which large generators can exercise market power, the predicted prices differed significantly. The results are highly sensitive to assumptions about market design, timing of the market and assumptions about constraints on the rationality of generators. Given the same assumptions the results coincide. We provide a checklist for users to understand the implications of different modelling assumptions
Scenarios for the development of smart grids in the UK: literature review
Smart grids are expected to play a central role in any transition to a low-carbon energy future, and much research is currently underway on practically every area of smart grids. However, it is evident that even basic aspects such as theoretical and operational definitions, are yet to be agreed upon and be clearly defined. Some aspects (efficient management of supply, including intermittent supply, two-way communication between the producer and user of electricity, use of IT technology to respond to and manage demand, and ensuring safe and secure electricity distribution) are more commonly accepted than others (such as smart meters) in defining what comprises a smart grid.
It is clear that smart grid developments enjoy political and financial support both at UK and EU levels, and from the majority of related industries. The reasons for this vary and include the hope that smart grids will facilitate the achievement of carbon reduction targets, create new employment opportunities, and reduce costs relevant to energy generation (fewer power stations) and distribution (fewer losses and better stability). However, smart grid development depends on additional factors, beyond the energy industry. These relate to issues of public acceptability of relevant technologies and associated risks (e.g. data safety, privacy, cyber security), pricing, competition, and regulation; implying the involvement of a wide range of players such as the industry, regulators and consumers.
The above constitute a complex set of variables and actors, and interactions between them. In order to best explore ways of possible deployment of smart grids, the use of scenarios is most adequate, as they can incorporate several parameters and variables into a coherent storyline. Scenarios have been previously used in the context of smart grids, but have traditionally focused on factors such as economic growth or policy evolution. Important additional socio-technical aspects of smart grids emerge from the literature review in this report and therefore need to be incorporated in our scenarios. These can be grouped into four (interlinked) main categories: supply side aspects, demand side aspects, policy and regulation, and technical aspects.
Factoring the Cycle Aging Cost of Batteries Participating in Electricity Markets
When participating in electricity markets, owners of battery energy storage
systems must bid in such a way that their revenues will at least cover their
true cost of operation. Since cycle aging of battery cells represents a
substantial part of this operating cost, the cost of battery degradation must
be factored in these bids. However, existing models of battery degradation
either do not fit market clearing software or do not reflect the actual battery
aging mechanism. In this paper we model battery cycle aging using a piecewise
linear cost function, an approach that provides a close approximation of the
cycle aging mechanism of electrochemical batteries and can be incorporated
easily into existing market dispatch programs. By defining the marginal aging
cost of each battery cycle, we can assess the actual operating profitability of
batteries. A case study demonstrates the effectiveness of the proposed model in
maximizing the operating profit of a battery energy storage system taking part
in the ISO New England energy and reserve markets
Реструктуризація ринку електроенергії в контексті трансформаційних процесів і ціноутворення
The study introduces several most significant empirical and analytical findings covering the issue of electricity restructuring. In this regard, it detailes the dataset on electricity framework in order to investigate tendencies and the main challenges in the market structure following the regulation and deregulation processes of the electricity sector, as well as the consequences for pricing. The purpose of the study is to analyze key aspects of the restructuring of electric energy markets in order to determine the main challenges related to justification of the optimal structure of the industry with this framework, as well as to establish the dependence between reforms, structural transformations and price volatility in the energy market. It should be noted that deregulation and restructuring of energy companies have been determined by the transition to competitive relations and made it possible to solve significant problems in different fields of activity, including tariffs, participants’ interests, energy efficiency, etc. Consequently, reforming of the energy market structural components should be comprehensively implemented, in order to avoid fragmentary imbalances and the impact of price distortions on the participants of the electricity market.Дослідження спрямовано на формування ключових практичних і аналітичних висновків, що стосуються проблем реструктуризації електроенергетики. Для цього виявлено найбільш значущі структурні особливості функціонування електроенергетичного ринку, що дозволило висвітлити деякі існуючі тенденції і основні проблеми в структурі енергоринку, пов'язані з процесами регулювання і дерегулювання, а також проаналізувати вплив трансформаційних процесів на встановлення цін на електроенергію, на прикладі ринку електричної енергії України, що перебуває у стадії реформування.
Результати дослідження отримані із застосуванням методів порівняння, ретроспективного і аналізу, методів узагальнення і систематизації, а також методів кореляційного і регресійного аналізу. Проведений аналіз предмета дослідження дозволяє зробити висновок, що дерегулювання і реструктуризація енергетичних компаній були визначені в якості переходу до конкурентних відносин і дозволили вирішити значні проблеми в різних сферах господарювання. Отже, реформа структурних складових енергоринку має здійснюватися комплексно, для уникнення фрагментарних диспропорцій і впливу цінових спотворень для функціонування учасників ринку електроенергії
A Resilient Power Capital Scan: How Foundations Could Use Grants and Investments to Advance Solar and Storage in Low-Income Communities
This report, one in a series of reports by Clean Energy Group and Meridian Institute on advancing resilient power in low-income communities, seeks to address how foundations can best develop a portfolio of capital interventions—from grants to impact investments—that together would successfully scale up the solar+storage/resilient power market to benefit low-income populations and to advance their missions. It provides a capital scan of foundation opportunities and actions to guide foundation financial support for this market
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Definition of a Balancing Point for Electricity Transmission Contracts
Electricity transmission contracts allocate scarce resources, allow hedging against locational price differences and provide information to guide investment. Liquidity is increased if all transmission contracts are defined relative to one balancing point, then a set of two contracts can replicate any point to point contract. We propose an algorithm and apply it to the European electricity network to identify a well connected balancing point that exhibits minimal relative cross-price responses and hence reduces market power exercised by generation companies. Market level data which is difficult to obtain or model such as price levels in different regions or that is dependent on the time scale of interaction, as demand elasticity, is not required. The only critical input quantities are assumptions on future transmission constraint patterns
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Technology without borders: case studies of successful technology transfer
Technology Without Borders presents case studies of successful transfer of climate-friendly technology and practices. It explores the causes for success and draws the lessons learned. Key messages are presented for the fight against climate destabilisation. The terms “climate-friendly technology” and “climate technology” used here refer to technologies, practices or techniques, which reduce greenhouse-gas emissions or assist countries in adapting to climate change
Modeling economic systems as locally-constructive sequential games
Real-world economies are open-ended dynamic systems consisting of heterogeneous interacting participants. Human participants are decision-makers who strategically take into account the past actions and potential future actions of other participants. All participants are forced to be locally constructive, meaning their actions at any given time must be based on their local states; and participant actions at any given time affect future local states. Taken together, these essential properties imply real-world economies are locally-constructive sequential games. This paper discusses a modeling approach, Agent-based Computational Economics, that permits researchers to study economic systems from this point of view. ACE modeling principles and objectives are first concisely presented and explained. The remainder of the paper then highlights challenging issues and edgier explorations that ACE researchers are currently pursuing
Chinese multinational enterprises' firm-specific advantages and a critic on the international business theory
We argue that the extant literature tends to view that EMNEs do not have FSAs and in particular, innovation-based ownership advantages. This, however, is not a fact but a myth that deserves detailed examination. Drawing on a case study of four Chinese multinationals, we argue that some Chinese multinationals have brilliant innovation capabilities particularly in areas such as services-based innovation, architectural innovation and grafting innovation. This helps to explain their rapid rise and internationalisation. We therefore argue that Dunning’s OLI paradigm is still relevant in the context of EMNEs. However we also accept that the OLI paradigm needs to be taken with a complementary view that EMNEs also internationalise to augment their assets/capabilities. We call for further studies on EMNEs’ FSAs with a broader view of innovatio
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