Energy Regulation in Quebec

This report characterizes the regulation of energy markets in general and focuses on the electricity and natural gas markets of Québec. Markets are regulated if they are deemed to represent natural monopoly situations or if unregulated firms would not take into account externalities that they might generate. Energy market regulation has been justified with the claim that regulation represents the “second-best” alternative. That is, given a situation in which there is market failure, the outcome derived under regulation may be better than the outcome that would arise if the market were unregulated. Government intervention may be required in order to protect the interests of consumers. Energy markets have been considered natural monopoly situations in large part because of the enormous fixed costs associated with production and distribution. Furthermore, electricity and natural gas are generally considered essential goods, or more accurately, goods with significant positive externalities from reliable supply. A reliable supply is necessary for the proper functioning of any modern economy and a private market might not provide equally for all people in a service area. In recent years, however, certain segments of some energy markets have been liberalized, since these segments might not actually be natural monopoly situations and/or because the market may provide means to ensure that firms internalize externalities. We describe the experiences of a number of jurisdictions that have experimented with energy market liberalization and show that restructuring is feasible and may provide an improvement over the status quo if market power can be limited. We consider the potential for restructuring in Québec’s energy markets which are currently mainly regulated by the Régie de l’énergie du Québec. Québec’s electricity market does not represent a typical case for the restructuring of the production side since the vast majority of its generating capacity comes from hydro projects. Over 90% of Québec’s installed electrical capacity is hydro generated, making Québec the second most hydro-dominated market in the world after Norway. Furthermore, this capacity is highly concentrated on three river systems. The usual model of forced divestiture by hydrologic system is therefore likely to introduce market power in a restructured market, and may lead to greater inefficiencies than those present under regulation. In order for any market restructuring to succeed, (at least) one of two approaches must be undertaken. A system of tradable water rights could be established in parallel with a competitive power pool in order to allow divestiture of individual plants within a river system and/or Québec’s markets could be opened to foreign production. The retail segment of Québec’s energy markets could potentially benefit from liberalization. The only obvious difference between Québec’s energy markets and those in other jurisdictions is Québec’s price-equalization policy. Lower prices could prevail if competition were introduced to the markets for electricity and natural gas, but not for all consumers. Québec’s insistence on uniform prices throughout the province means that some consumers are currently paying below market price for energy. Prices for these consumers could rise if the market is restructured.

Contact Sensors and Methods for Making Same

The present invention is directed to novel contact sensors. The contact sensors of the invention include a conductive composite material formed of a polymer and a conductive filler. In one particular embodiment, the composite materials can include less than about 10 wt % conductive filler. Thus, the composite material of the contact sensors can have physical characteristics essentially identical to the polymer, while being electrically conductive with the electrical resistance proportional to the load on the sensor. If desired, the sensors can be formed of the same polymeric material as the bearing that is being examined. The sensors can provide real time dynamic contact information for joint members under conditions expected during use. In one particular embodiment, the sensors can be used to examine dynamic wear characteristics of artificial joint bearings such as artificial knee, hip, or shoulder bearings

Using the Man9(GlcNAc)2 – DC-SIGN pairing to probe specificity in photochemical immobilization

We demonstrate the expected preference of an immobilised oligosaccharide Man(9)(GlcNAc)(2) upon a 96-well photochemical array, for its known receptor, the cell-surface lectin Dendritic Cell-Specific ICAM3 Grabbing Nonintegrin (DC-SIGN) when compared to immobilised competing monosaccharides

Contact sensors and methods for making same

The present invention is directed to novel contact sensors. The contact sensors of the invention include a conductive composite material formed of a polymer and a conductive filler. In one particular embodiment, the composite materials can include less than about 10 wt % conductive filler. Thus, the composite material of the contact sensors can have physical characteristics essentially identical to the polymer, while being electrically conductive with the electrical resistance proportional to the load on the sensor. If desired, the sensors can be formed of the same polymeric material as the bearing that is being examined. The sensors can provide real time dynamic contact information for joint members under conditions expected during use. In one particular embodiment, the sensors can be used to examine dynamic wear characteristics of artificial joint bearings such as artificial knee, hip, or shoulder bearings

Large‐scale hydro‐climatology of the terrestrial Arctic drainage system

The large‐scale hydro‐climatology of the terrestrial Arctic drainage system is examined, focusing on the period 1960 onward. Special attention is paid to the Ob, Yenisey, Lena, and Mackenzie watersheds, which provide the bulk of freshwater discharge to the Arctic Ocean. Station data are used to compile monthly gridded time series of gauge‐corrected precipitation (P). Gridded time series of precipitation minus evapotranspiration (P−ET) are calculated from the moisture flux convergence using NCEP reanalysis data. Estimates of ET are obtained as a residual. Runoff (R) is obtained from available discharge records. For long‐term water‐year means, P−ET for the Yenisey, Lena, and Mackenzie watersheds is 16–20% lower than the observed runoff. In the Ob watershed, the two values agree within 9%. Given the uncertainties in P−ET, we consider the atmospheric and surface water budgets to be reasonably closed. Compared to the other three basins, the mean runoff ratio (R/P) is lower in the Ob watershed, consistent with the high fraction of annual precipitation lost through ET. All basins exhibit summer maxima in P and minima in P−ET. Summer P−ET in the Ob watershed is negative due to high ET rates. For large domains in northern Eurasia, about 25% of July precipitation is associated with the recycling of water vapor evapotranspirated within each domain. This points to a significant effect of the land surface on the hydrologic regime. Variability in P and P−ET has generally clear associations with the regional atmospheric circulation. A strong link with the Urals trough is documented for the Ob. Relationships with indices of the Arctic Oscillation and other teleconnections are generally weak. Water‐year time series of runoff and P−ET are strongly correlated in the Lena watershed only, reflecting extensive permafrost. Cold‐season runoff has increased in the Yenisey and Lena watersheds. This is most pronounced in the Yenisey watershed, where runoff has also increased sharply in spring, decreased in summer, but has increased for the year as a whole. The mechanisms for these changes are not entirely clear. While they fundamentally relate to higher air temperatures, increased winter precipitation, and strong summer drying, we speculate links with changes in active layer thickness and thawing permafrost

Idea or Prime Opportunity? A Framework for Evaluating Business Ideas for New and Small Ventures

 Entrepreneurs and entrepreneurship educators recognize that only a small percentage of venture ideas actually represent viable business opportunities. This paper addresses the important issue of opportunity recognition using a framework designed with a mnemonic structure for easy recall and based on the extant literature on opportunity recognition. The framework prompts users to examine Product/service, Resource, Individual, Market, and Economic start-up issues. Thus, the PRIME analysis is a heuristic designed for initial opportunity evaluation of a business concept prior to preparing a full-blown business plan. We discuss and apply this framework, demonstrating its effectiveness in the classroom and in practice.