The More Cooperation, the More Competition? A Cournot Analysis of the Benefits of Electric Market Coupling

Market coupling in Belgian and Dutch markets would permit more efficient use of intercountry transmission, 1) by counting only net flows against transmission limits, 2) by improving access to the Belgian market, and 3) by eliminating the mismatch in timing between interface auctions and the energy spot market. A Cournot market model that accounts for the region’s transmission pricing rules and limitations is used to simulate market outcomes with and without market coupling. This accounts for 1) and 2). Market coupling improves social surplus in the order of 108 €/year, unless it encourages the largest producer in the region to switch from a price-taking strategy in Belgium to a Cournot strategy due to a perceived diminishment of the threat of regulatory intervention. Benefit to Dutch consumers depends on the behavior of this company. The results illustrate how large-scale oligopoly models can be useful for assessing market integration

Strategic Eurasian Natural Gas Model for Energy Security

The mathematical formulation of a large-scale equilibrium natural gas simulation model is presented. Although large-scale natural gas models have been developed and used for energy security and policy analysis quite extensively (e.g., Holz (2007), Egging et al. (2008), Holz et al. (2009) and Lise et al. (2008)), this model differs from earlier ones in its detailed representation of the structure and operations of the Former Soviet Union (FSU) gas sector. In particular, the model represents: (i) market power of transit countries, (ii) transmission pipelines in Russia, Ukraine, Belarus and Central Asia, (iii) differentiation among gas production regions in Russia, and (iv) gas trade relations between FSU countries (e.g., Gazprom’s re-exporting of Central Asian gas). To demonstrate the model, a social benefit-cost analysis of the Nord Stream gas pipeline project from Russia to Germany via the Baltic Sea is provided. It is found that Nord Stream project is profitable for its investors and the project also improves social welfare in all market power scenarios. Also, if transit countries (Ukraine and Belarus) exert substantial market power then the economic value of Nord Stream to its investors and to society improves substantially. We also found that the value of Nord Stream investment is rather sensitive to the degree of downstream competition in European markets and that lack of downstream competition might result in the negative value of the Nord Stream system to Gazprom

Bedding down the embedding : IL reality in a teacher education programme

Queensland University of Technology (QUT) is one of Australia's largest universities,enrolling 30,000 students. Our Information Literacy Framework and Syllabus wasendorsed as university policy in Feb 2001. QUT Library uses the AustralianInformation Literacy Standards as the basis and entry point for our syllabus. Theuniversity wide information literacy programme promotes critical thinking and equipsindividuals for lifelong learning (Peacock, 2002a). Information literacy has developedas a premium agenda within the university community; as documented by JudithPeacock, the university’s Information Literacy Coordinator (Peacock, 2002b).The Faculties at QUT have for the last few years, started to work through how theinformation literacy syllabus will be enacted in their curricula, and within theorientations of their subject areas. Attitudinal change is happening alongside arealisation that discipline content must be taught within a broader framework.Curricula and pedagogical reforms are a characteristic of the teaching environment.Phrases such as lifelong learning, generic skills, information revolution, learningoutcomes and information literacy standards are now commonplace in facultydiscussion. Liaison librarians are strategically placed to see the "big picture" ofcurricula across large scale faculties in a large scale university. We work withfaculty in collaborative and consultative partnerships, in order to implement reform. QUT Librarians offer three levels of information literacy curriculum to the university.The generic programme is characterised by free classes, offered around the start ofsemesters. The next level is integrated teaching, developed to answer a specificneeds for classes of students. The third level of information literacy is that ofembedding throughout a programme. This involves liaison librarians working toensure that information literacy is a developmental and assessed part of thecurriculum, sequenced through a programme in a similar way to traditional disciplineknowledge, and utilising the IL syllabus. This paper gives a glimpse of what ishappening as we attempt the process of embedding information literacy into theBachelor of Education programme

The use of an airborne lidar for mapping cirrus clouds in FIRE, phase 2

The Univ. of Washington (UW) and Georgia Tech have recently built a dual wavelength airborne lidar for operation on the UW's Convair C-131A research aircraft. This lidar was used in studying aerosols and clouds. These studies demonstrated the utility of airborne lidar in a variety of atmospheric research and prompt the suggestion that this facility be included in the next FIRE cirrus experiment. The vertically pointing airborne lidar would be used as a complement to ground based lidars. The airborne lidar would ensure extended coverage of IFO cases that develop upwind of the surface lidars or which miss the ground based lidars while still being the focus of satellite and aircraft in situ studies. The airborne lidar would help assure that cirrus clouds were simultaneously viewed by satellite, sampled by aircraft, and structurally characterized by lidar. System specifications are listed and a schematic is shown of the lidar system aboard the C-131A

Anglo-American corporate governance and the employment relationship: a case to answer

The corporate governance environment in the UK and US is generally thought to be hostile to the emergence of cooperative employment relations of the kind exemplified by labour-management partnerships. We discuss case study evidence from the UK which suggests that, contrary to this widespread perception, enduring and proactive partnerships may develop, in conditions where management can convince shareholders of the long-term gains from this approach, and where other regulatory factors operate to extend the time-horizon for financial returns. We conclude that there is more scope than is commonly allowed for measures which could reconcile liquidity in capital markets with cooperation in labour relations

Long-Run Equilibrium Modeling of Alternative Emissions Allowance Allocation Systems in Electric Power Markets

A question in the design of carbon dioxide trading systems is how allowances are to be initially allocated: by auction, by giving away fixed amounts, or by allocating based on output, fuel, or other decisions. The latter system can bias investment, operations, and pricing decisions, and increase costs relative to other systems. A nonlinear complementarity model is used to investigate long-run equilibria that would result under alternative systems for power markets characterized by time varying demand and multiple generation technologies. Existence of equilibria is shown under mild conditions. Solutions show that allocating allowances to new capacity based on fuel use or generator type can distort generation mixes, invert the operating order of power plants, and inflate consumer costs. The distortions can be smaller for tighter CO2 restrictions, and are somewhat mitigated if there are also electricity capacity markets or minimum-run restrictions on coal plants

Congestion Management in European Power Networks: Criteria to Assess the Available Options

EU Member States are pursuing large scale investment in renewable generation in order to meet a 2020 target to source 20% of total energy sources by renewables. As the location for this new generation differs from the location of existing generation sources, and is often on the extremities of the electricity network, it will create new flow patterns and transmission needs. While congestion exists between European countries, increasing the penetration of variable sources of energy will change the current cross-border congestion profile. It becomes increasingly important for the power market design to foster the full use of existing transmission capacity and allow for robust operation even in the presence of system congestion. After identifying five criteria that an effective congestion management scheme for European countries will need, this paper critically assess to what extent the various approaches satisfy the requirements.Power market design, integrating renewables, congestion management

Discovery of 28 pulsars using new techniques for sorting pulsar candidates

Modern pulsar surveys produce many millions of candidate pulsars, far more than can be individually inspected. Traditional methods for filtering these candidates, based upon the signal-to-noise ratio of the detection, cannot easily distinguish between interference signals and pulsars. We have developed a new method of scoring candidates using a series of heuristics which test for pulsar-like properties of the signal. This significantly increases the sensitivity to weak pulsars and pulsars with periods close to interference signals. By applying this and other techniques for ranking candidates from a previous processing of the Parkes Multi-beam Pulsar Survey, 28 previously unknown pulsars have been discovered. These include an eccentric binary system and a young pulsar which is spatially coincident with a known supernova remnant.Comment: To be published in Monthly Notices of the Royal Astronomical Society. 11 pages, 9 figure

The extent of the local hi halo

Forty-five high-latitude, OB stars have been observed in the Ly alpha and 21 cm lines of HI in an effort to map out the vertical distribution and extent of the local HI halo. The 25 stars for which a reliable HI colum density can be obtained from Ly alpha lie between 60 and 3100 pc from the plane. The principal result is that the total column density of HI at z 1 kpc is, on the average, 5 + or - 3 x 10 the 19th power/sq cm, or 15% of the total sub HI. At relatively low z the data toward some stars suggest a low effective scale height and fairly high average foreground density, while toward others the effective scale height is large and the average density is low. This can be understood as the result of irregularities in the interstellar medium. A model with half of the HI mass in clouds having radii of a few pc and a Gaussian vertical distribution with sigma sub 2 = 135 pc, and half of the mass in an exponential component with a scale height of 500 pc, gives a satisfactory fit to the data. The technique of comparing Ly alpha and 21 cm column densities is also used to discuss the problem of estimating the distance to several possibly subluminous stars

Spectral absorption of marine stratocumulus clouds derived from in situ cloud radiation measurements

A multiwavelength scanning radiometer was used to measure the angular distribution of scattered radiation deep within a cloud layer at discrete wavelengths between 0.5 and 2.3 microns. The relative angular distribution of the intensity field at each wavelength is used to determine the similarity parameter, and hence single scattering albedo, of the cloud at that wavelength using the diffusion domain method. In addition to the spectral similarity parameter, the analysis provides a good estimate of the optical thickness of the cloud beneath the aircraft. In addition to the radiation measurements, microphysical and thermodynamic measurements were obtained from which the expected similarity parameter spectrum was calculated using accepted values of the refractive index of liquid water and the transmission function of water vapor. An analysis is presented for the results obtained for a 50 km section of clean marine stratocumulus clouds on 10 July 1987. These observations were obtained off the coast of California from the University of Washington Convair C-131A aircraft as part of the First ISCCP Regional Experiment (FIRE). A comparison of the experimentally-derived similarity parameter spectrum with that expected theoretically from the cloud droplet size distribution measured simultaneously from the aircraft is presented. The measurements and theory are in very close agreement for this case of clean maritime clouds