Science.gov

Sample records for liberalised power markets

  1. NHS market liberalisation and the TTIP agreement.

    PubMed

    Regan, Paul; Ball, Elaine

    2016-07-01

    Governments over the past three decades have undermined the founding principles of the NHS through reforms and market liberalisation. With greater involvement of commercial interests in health care, the NHS will become less democratic and transparent. Recent reforms, which were intended to improve productivity, quality and cost efficiency, have left the NHS exposed to the unwieldy model of market liberalisation and the attrition of public health care. The role of community nurses has been particularly destabilised by commissioning, as their work is difficult to measure. The advent of the Transatlantic Trade and Investment Partnership could further undermine the NHS to the benefit of international commercial interests. PMID:27401200

  2. Carbon pricing, nuclear power and electricity markets

    SciTech Connect

    Cameron, R.; Keppler, J. H.

    2012-07-01

    In 2010, the NEA in conjunction with the International Energy Agency produced an analysis of the Projected Costs of Electricity for almost 200 power plants, covering nuclear, fossil fuel and renewable electricity generation. That analysis used lifetime costs to consider the merits of each technology. However, the lifetime cost analysis is less applicable in liberalised markets and does not look specifically at the viewpoint of the private investor. A follow-up NEA assessment of the competitiveness of nuclear energy against coal- and gas-fired generation under carbon pricing has considered just this question. The economic competition in electricity markets is today between nuclear energy and gas-fired power generation, with coal-fired power generation not being competitive as soon as even modest carbon pricing is introduced. Whether nuclear energy or natural gas comes out ahead in their competition depends on a number of assumptions, which, while all entirely reasonable, yield very different outcomes. The analysis in this study has been developed on the basis of daily data from European power markets over the last five-year period. Three different methodologies, a Profit Analysis looking at historic returns over the past five years, an Investment Analysis projecting the conditions of the past five years over the lifetime of plants and a Carbon Tax Analysis (differentiating the Investment Analysis for different carbon prices) look at the issue of competitiveness from different angles. They show that the competitiveness of nuclear energy depends on a number of variables which in different configurations determine whether electricity produced from nuclear power or from CCGTs generates higher profits for its investors. These are overnight costs, financing costs, gas prices, carbon prices, profit margins (or mark-ups), the amount of coal with carbon capture and electricity prices. This paper will present the outcomes of the analysis in the context of a liberalised

  3. Markets for concentrating solar power

    SciTech Connect

    Not Available

    1998-04-01

    The report describes the markets for concentrating solar power. As concentrating solar power technologies advance into the early stages of commercialization, their economic potential becomes more sharply defined and increasingly tangible.

  4. Global power: Markets and strategies

    SciTech Connect

    Poirer, J.L.

    1998-07-01

    The author will first present an updated view of the global power market activity, including opportunities in power generation, transmission and distribution. This will include a review of the trends in closings and transaction flowed by type of activity and geographic area. Estimates will be based on Hagler Bailly's comprehensive database on global power transactions and project announcements. The firm has also worked with dozens of global power companies since 1990. Second, the author will review trends in terms of regulatory changes, project cost trends, developers' project experiences, and financing issues. This systematic review will be the foundation for projection of future market activity (e.g., number of closing by type of project through 2000). A forecast of future greenfield and privatization activity will be provided and the key markets will be highlighted. Third, the author will present an updated view of the competition in the global power market (including the various types of competitors and changes in their respective market posture). Finally, the author will discuss the various types of strategies and business models that are followed by key global power players.

  5. A market focus. [The changing power generation equipment market

    SciTech Connect

    Burr, M.T.

    1991-10-01

    This article is a compilation of the views of the changing power generation equipment market by executives of ASEA-Brown Boveri, General Electric Power Generation, Siemans Power Generation Group, and Westinghouse Electric Corporation Power Generation unit. The topics of the article include a changing market, the home market, the turnkey supplier, and back to baseload.

  6. Emissions markets, power markets and market power: A study of the interactions between contemporary emissions markets and deregulated electricity markets

    NASA Astrophysics Data System (ADS)

    Dormady, Noah Christopher

    Chapter 1: A Monte Carlo Approach. The use of auctions to distribute tradeable property rights to firms in already heavily concentrated markets may further exacerbate the problems of market power that exist within those markets. This chapter provides a model of a two-stage emissions market modeled after a contemporary regional permit trading market in the United States, the Regional Greenhouse Gas Initiative, Inc. (RGGI). It then introduces Oligopsony 1.0, a C# software package constructed in the .NET environment that simulates uniform-price auctions using stochastic Monte Carlo simulation for modeling market power in tradeable property rights auctions. Monte Carlo methods add a probabilistic element to standard auction theoretic equilibria. The results of these simulations indicate that there can be significant non-linearities between profit and market power as exercised through strategic demand reduction. This analysis finds the optimum point of strategic demand reduction that enables the firm to exploit these non-linearities, and it determines the probability distributions of these optima using kernel density analysis. Chapter 2: An Experimental Approach. How will emerging auction-based emissions markets function within the context of today's deregulated auction-based electricity markets? This chapter provides an experimental analysis of a joint energy-emissions market. The impact of market power and collusion among dominant firms is evaluated to determine the extent to which an auction-based tradeable permit market influences performance in an adjacent electricity market. The experimental treatment design controls for a variety of real-world institutional features, including variable demand, permit banking, inter-temporal (multi-round) dynamics, a tightening cap, and resale. Results suggest that the exercise of market power significantly increases electricity auction clearing prices, without significantly increasing emissions

  7. Peak Power Markets for Satellite Solar Power

    NASA Technical Reports Server (NTRS)

    Landis, Geoffrey A.

    2002-01-01

    This paper introduces first Indonesia, comprises 15,000 islands, has land area of two millions square kilometers. Extending from 95 to 141 degrees East longitude and from 6 degrees North to 11 degrees South latitude. Further the market of the Space Solar Power/SPS must be worldwide, including Indonesia. As we know, it can provide electricity anywhere in the world from the Earth's orbit, mostly Indonesia an equator country. We have to perform case studies of various countries to understand their benefits and disadvantages provided by the SSP, because each country has much different condition on energy from other countries. We are at the moment starting the international collaboration between Indonesia and Japan to carry out the case study for Indonesia. We understand that in Indonesia itself each province has much different micro-climate between one province compared to the other. In Japan, METI (Ministry of Economy, Trade and Industry) has already organized a committee to investigate the feasibility of Space Solar Power and to make a plan to launch a space demonstration of the SPS. While, Indonesia is quickly developing economy and increasing their energy demand. We are investigating the detailed energy conditions of Indonesia, the benefits and disadvantages of the Space Solar Power for Indonesia. Especially, we will perform the investigation on the receiving system for the Japanese pilot Space Power Satellite.

  8. Electric power market agent design

    NASA Astrophysics Data System (ADS)

    Oh, Hyungseon

    The electric power industry in many countries has been restructured in the hope of a more economically efficient system. In the restructured system, traditional operating and planning tools based on true marginal cost do not perform well since information required is strictly confidential. For developing a new tool, it is necessary to understand offer behavior. The main objective of this study is to create a new tool for power system planning. For the purpose, this dissertation develops models for a market and market participants. A new model is developed in this work for explaining a supply-side offer curve, and several variables are introduced to characterize the curve. Demand is estimated using a neural network, and a numerical optimization process is used to determine the values of the variables that maximize the profit of the agent. The amount of data required for the optimization is chosen with the aid of nonlinear dynamics. To suggest an optimal demand-side bidding function, two optimization problems are constructed and solved for maximizing consumer satisfaction based on the properties of two different types of demands: price-based demand and must-be-served demand. Several different simulations are performed to test how an agent reacts in various situations. The offer behavior depends on locational benefit as well as the offer strategies of competitors.

  9. The inevitable commoditization of electric power markets

    SciTech Connect

    Mango, B.; Woodley, J.A.C.

    1994-11-01

    As competition grows between electric suppliers it is inevitable that a spot market in electricity will evolve. The impetus is the market demand for greater asset productivity. With prices revealed, a commodity market will follow. With spot and commodity markets will come the power to reallocate risk and make capital investment more productive. Given price volatility, separate markets will develop for near- and long-term hedging instruments.

  10. U.S. Solar Power Market

    SciTech Connect

    2007-08-15

    The report provides an overview of the domestic market for solar, including a concise look at the steps being taken to grow solar power in the U.S. Topics covered include: an overview of solar power including its history, the current market environment, and its future prospects; an analysis of the key business factors that are driving interest in solar power; a description of solar power technologies; a review of the economics of solar power; a discussion of the key markets for solar power; and, profiles of domestic solar cell/module manufacturers.

  11. Three essays on "making" electric power markets

    NASA Astrophysics Data System (ADS)

    Kench, Brian Thomas

    2000-10-01

    Technological change over the past three decades has altered most of the basic conditions in the electric power industry. Because of technical progress, the dominant paradigm has shifted from the provision of electric power by regulated and vertically integrated local natural monopolies to competition and vertical separation. In the first essay I provide a historical context of the electric industry's power current deregulation debate. Then a dynamic model of induced institutional change is used to investigate how endogenous technological advancements have induced radical institutional change in the generation and transmission segments of the electric power industry. Because the Federal Energy Regulatory Commission (FERC) ordered regulated utilities to provide open access to their transmission networks and to separate their generation and transmission functions, transmission networks have been used more intensively and in much different ways then in the past. The second essay tests experimentally the predictions of neoclassical theory for a radial electric power market under two alternative deregulated transmission institutions: financial transmission rights and physical transmission rights. Experimental evidence presented there demonstrates that an electric power market with physical transmission rights governing its transmission network generates more "right" market signals relative to a transmission network governed by financial transmission rights. The move to a greater reliance on markets for electric power is an idea that has animated sweeping and dramatic changes in the traditional business of electric power. The third essay examines two of the most innovative and complex initiatives of making electric power markets in the United States: California and PJM. As those markets mature and others are made, they must revise their governance mechanisms to eliminate rules that create inefficiency and adopt rules that work efficiently elsewhere. I argue that

  12. Trade Liberalisation in Education Services: Opportunities and Risks for SADC Countries

    ERIC Educational Resources Information Center

    Mpinganjira, M.

    2009-01-01

    Education has become a "commodity" widely tradable on the international market. This has resulted in the sector being subjected to multinational as well as global priorities and agreements. This paper looks at the opportunities and risks of international trade liberalisation moves in the high education sector on member countries of the Southern…

  13. Green power marketing claims: A free ride on conventional power?

    SciTech Connect

    Glaser, P.S.

    1999-07-01

    It appears that a lot, if not most, of the green power being marketed to consumers today in customer choice states is not green at all, at least as that term may be understood by the typical consumer. Such power is not, contrary to claims, coal and nuke free and does not displace power generated from coal or nuclear power plants. It does not create a market for renewable resources. And it does not make a contribution to improving environmental quality. Indeed, it appears that green power in its current form is receiving a free ride on the conventional power industry, a face about which green power consumers are not being made aware.

  14. Power laws of wealth, market order volumes and market returns

    NASA Astrophysics Data System (ADS)

    Solomon, Sorin; Richmond, Peter

    2001-10-01

    Using the Generalized Lotka Volterra model adapted to deal with mutiagent systems we can investigate economic systems from a general viewpoint and obtain generic features common to most economies. Assuming only weak generic assumptions on capital dynamics, we are able to obtain very specific predictions for the distribution of social wealth. First, we show that in a ‘fair’ market, the wealth distribution among individual investors fulfills a power law. We then argue that ‘fair play’ for capital and minimal socio-biological needs of the humans traps the economy within a power law wealth distribution with a particular Pareto exponent α∼ {3}/{2}. In particular, we relate it to the average number of individuals L depending on the average wealth: α∼ L/( L-1). Then we connect it to certain power exponents characterizing the stock markets. We find that the distribution of volumes of the individual (buy and sell) orders follows a power law with similar exponent β∼α∼ {3}/{2}. Consequently, in a market where trades take place by matching pairs of such sell and buy orders, the corresponding exponent for the market returns is expected to be of order γ∼2 α∼3. These results are consistent with recent experimental measurements of these power law exponents (S. Maslov, M. Mills, Physica A 299 (2001) 234 for β; P. Gopikrishnan et al., Phys. Rev. E 60 (1999) 5305 for γ).

  15. Wind power generation and dispatch in competitive power markets

    NASA Astrophysics Data System (ADS)

    Abreu, Lisias

    Wind energy is currently the fastest growing type of renewable energy. The main motivation is led by more strict emission constraints and higher fuel prices. In addition, recent developments in wind turbine technology and financial incentives have made wind energy technically and economically viable almost anywhere. In restructured power systems, reliable and economical operation of power systems are the two main objectives for the ISO. The ability to control the output of wind turbines is limited and the capacity of a wind farm changes according to wind speeds. Since this type of generation has no production costs, all production is taken by the system. Although, insufficient operational planning of power systems considering wind generation could result in higher system operation costs and off-peak transmission congestions. In addition, a GENCO can participate in short-term power markets in restructured power systems. The goal of a GENCO is to sell energy in such a way that would maximize its profitability. However, due to market price fluctuations and wind forecasting errors, it is essential for the wind GENCO to keep its financial risk at an acceptable level when constituting market bidding strategies. This dissertation discusses assumptions, functions, and methodologies that optimize short-term operations of power systems considering wind energy, and that optimize bidding strategies for wind producers in short-term markets. This dissertation also discusses uncertainties associated with electricity market environment and wind power forecasting that can expose market participants to a significant risk level when managing the tradeoff between profitability and risk.

  16. Voluntary Green Power Market Forecast through 2015

    SciTech Connect

    Bird, L.; Holt, E.; Sumner, J.; Kreycik, C.

    2010-05-01

    Various factors influence the development of the voluntary 'green' power market--the market in which consumers purchase or produce power from non-polluting, renewable energy sources. These factors include climate policies, renewable portfolio standards (RPS), renewable energy prices, consumers' interest in purchasing green power, and utilities' interest in promoting existing programs and in offering new green options. This report presents estimates of voluntary market demand for green power through 2015 that were made using historical data and three scenarios: low-growth, high-growth, and negative-policy impacts. The resulting forecast projects the total voluntary demand for renewable energy in 2015 to range from 63 million MWh annually in the low case scenario to 157 million MWh annually in the high case scenario, representing an approximately 2.5-fold difference. The negative-policy impacts scenario reflects a market size of 24 million MWh. Several key uncertainties affect the results of this forecast, including uncertainties related to growth assumptions, the impacts that policy may have on the market, the price and competitiveness of renewable generation, and the level of interest that utilities have in offering and promoting green power products.

  17. Reactive power management and voltage control in deregulated power markets

    NASA Astrophysics Data System (ADS)

    Spangler, Robert G.

    The research that is the subject of this dissertation is about the management of reactive power and voltage support in the wholesale open access power markets in the United States (US). The purpose of this research is to place decisions about open access market structures, as they relate to reactive power and voltage control, on a logical and consistent economic basis, given the engineering needs of a commercial electric power system. An examination of the electricity markets operating in the US today reveals that current approaches to reactive power management and voltage support are extensions of those based on historical, regulated monopoly electric service. A case for change is built by first looking at the subject of reactive power from an engineering viewpoint and then from an economic perspective. Ultimately, a set of market rules for managing reactive power and voltage support is proposed. The proposal suggests that cost recovery for static and dynamic VARs is appropriately accomplished through the regulated transmission cost of service. Static VAR cost recovery should follow traditional rate recovery methodologies. In the case of dynamic VARs, this work provides a methodology based on the microeconomic theory of the firm for determining such cost. It further suggests that an operational strategy that reduces and limits the use of dynamic VARs, during normal operations, is appropriate. This latter point leads to an increase in the fixed cost of the transmission network but prevents price spikes and short supply situations from affecting, or being affected by, the reactive capability limitations associated with dynamic VARs supplied from synchronous generators. The rules are consistent with a market structure that includes competitive generation and their application will result in the communication of a clear understanding of the responsibilities, related to voltage control, of each type of market entity. In this sense, their application will contribute to

  18. Fast Market Splitting Matching Method for Spot Electric Power Market

    NASA Astrophysics Data System (ADS)

    Sawa, Toshiyuki; Nakata, Yuji; Tsurugai, Mitsuo; Sugiyama, Shigenari

    We have developed a fast, innovative matching method for the spot power market, considering network constraints. In this method, buy and sell order bids are respectively divided into the aggregated volume of several band prices. Then the aggregated volume and the center of each band price are used to calculate a band clearing price, which contains the real clearing price. The dividing and calculating process is iterated until the band price is less than the tick size of the bidding price. We applied this method to a real problem in the Japanese power market with 9 areas, 10 area-connecting lines, and 9000 orders (volume/price pairs). Our simulation results show that the new method is ten times faster than conventional linear programming. This demonstrates the effectiveness of the developed method.

  19. Reshaping power markets: Lessons from South America

    SciTech Connect

    Lalor, R.P.; Garcia, H.

    1996-03-01

    Does restructuring enhance efficiency and give consumers a portion of these gains? Evidence from Chile and Argentina - whose restructuring is well ahead of that in the U.S. - demonstrates that more efficient power markets can be created, and that the need remains for appropriate treatment of the competitive and monopolistic portions of the market. Centrally planned electric systems have a long history in industrial states around the world: Marxist and capitalist, totalitarian and democratic. A growing enthusiasm world-wide for economic democracy has recently brought the concept of central planning under greater scrutiny, and alternative solutions have been sought. This paper describes experiences with the deregulation of the utility industry in Chile and Argentina and assesses the relevance of those experiences to the ongoing evolution of market-based systems in the United States. The lessons of the Southern Cone are very relevant to the ongoing dialogue on deregulation in the U.S. Experience there suggests a number of conditions that are important for the creation of competitive and efficient energy markets: (1) Mandatory separation of regulated functions, and clear delineation of the limits of involvement by regulated entities in competitive markets; (2) Unbundling of transmission charges and provision of {open_quotes}comparable{close_quotes} fair transmission access; (3) Clearly defined, published nodal or zonal transmission prices reflecting incremental operating and upgrade costs; (4) Establishment of a centrally dispatched commodity market, spot markets for both capacity and energy priced at system marginal cost, and a parallel bilateral market based on long term contracts; and (5) Access by generators and marketers to at least a portion of the retail market.

  20. Environmental Assessment for power marketing policy for Southwestern Power Administration

    SciTech Connect

    Not Available

    1993-12-01

    Southwestern Power Administration (Southwestern) needs to renew expiring power sales contracts with new term (10 year) sales contracts. The existing contracts have been in place for several years and many will expire over the next ten years. Southwestern completed an Environmental Assessment on the existing power allocation in June, 1979 (a copy of the EA is attached), and there are no proposed additions of any major new generation resources, service to discrete major new loads, or major changes in operating parameters, beyond those included in the existing power allocation. Impacts from a no action plan, proposed alternative, and market power for less than 10 years are described.

  1. How financial transmission rights curb market power

    SciTech Connect

    Stoft, S.

    1997-06-01

    This paper demonstrates that financial transmission rights allow their owners to capture at least a portion, and sometimes all, of the congestion rents. This extends work in this area by Shmuel Oren which was limited to the case in which generators could not purchase financial transmission rights. One form of financial rights, Transmission Congestion Contracts (TCCs), is shown to be so effective in reducing market power that as few as two generators facing a demand curve with zero elasticity may be forced to sell at marginal cost. The extent to which market power is limited depends on the extent to which total generation capacity exceeds export capacity and on the size of individual generators. A relationship is derived that determines when TCCs will eliminate market power. In the case of a three line network, it is shown that the reduction in market power that can be accomplished with {open_quotes}active transmission rights{close_quotes} can also be accomplished with simple contracts for differences.

  2. Managed care, market power, and monopsony.

    PubMed Central

    Pauly, M V

    1998-01-01

    OBJECTIVE: To examine the theoretical possibility of monopsony behavior under managed care insurance. STUDY DESIGN: Use of microeconomic theory to examine how managed care plans with market power would be expected to behave, and effects of that behavior on consumer and supplier welfare. PRINCIPAL FINDINGS: The article shows that, under managed care monopsony, the welfare of consumers may be increased but overall economic welfare will necessarily be reduced. It offers a test for whether the lower prices paid by managed care buyers with larger market share represent welfare-reducing monopsony or a welfare-increasing movement away from provider monopoly. The test says that, if the quantity of inputs (supplied under conditions of increasing long-run marginal cost) declines, monopsony is present. The article also argues that the translation of lower provider prices into lower premiums is consistent with welfare-reducing monopsony by nonprofit health plans. In contrast, for-profit health plans that obtain monopsony may reduce the welfare of consumers as well as that of input suppliers. These theoretical conclusions are shown to be consistent with recent empirical research indicating a negative relationship between buyer market power and cost per enrollee. CONCLUSIONS: Traditional antitrust policy has not been able to deal well with monopsony. The article concludes that health plans that use their market power to reduce medical spending may harm the well-being both of specialized medical workers and of consumers of medical care. Antitrust policy may need to be modified to deal with this situation. PMID:9865228

  3. 18 CFR 35.37 - Market power analysis required.

    Code of Federal Regulations, 2011 CFR

    2011-04-01

    ... 18 Conservation of Power and Water Resources 1 2011-04-01 2011-04-01 false Market power analysis... power analysis required. (a) (1) In addition to other requirements in subparts A and B, a Seller must submit a market power analysis in the following circumstances: when seeking market-based rate...

  4. 18 CFR 284.503 - Market-power determination.

    Code of Federal Regulations, 2014 CFR

    2014-04-01

    ... 18 Conservation of Power and Water Resources 1 2014-04-01 2014-04-01 false Market-power determination. 284.503 Section 284.503 Conservation of Power and Water Resources FEDERAL ENERGY REGULATORY... RELATED AUTHORITIES Applications for Market-Based Rates for Storage § 284.503 Market-power...

  5. 18 CFR 284.503 - Market-power determination.

    Code of Federal Regulations, 2011 CFR

    2011-04-01

    ... 18 Conservation of Power and Water Resources 1 2011-04-01 2011-04-01 false Market-power determination. 284.503 Section 284.503 Conservation of Power and Water Resources FEDERAL ENERGY REGULATORY... RELATED AUTHORITIES Applications for Market-Based Rates for Storage § 284.503 Market-power...

  6. 18 CFR 284.503 - Market-power determination.

    Code of Federal Regulations, 2012 CFR

    2012-04-01

    ... 18 Conservation of Power and Water Resources 1 2012-04-01 2012-04-01 false Market-power determination. 284.503 Section 284.503 Conservation of Power and Water Resources FEDERAL ENERGY REGULATORY... RELATED AUTHORITIES Applications for Market-Based Rates for Storage § 284.503 Market-power...

  7. 18 CFR 284.503 - Market-power determination.

    Code of Federal Regulations, 2013 CFR

    2013-04-01

    ... 18 Conservation of Power and Water Resources 1 2013-04-01 2013-04-01 false Market-power determination. 284.503 Section 284.503 Conservation of Power and Water Resources FEDERAL ENERGY REGULATORY... RELATED AUTHORITIES Applications for Market-Based Rates for Storage § 284.503 Market-power...

  8. 18 CFR 284.503 - Market-power determination.

    Code of Federal Regulations, 2010 CFR

    2010-04-01

    ... 18 Conservation of Power and Water Resources 1 2010-04-01 2010-04-01 false Market-power determination. 284.503 Section 284.503 Conservation of Power and Water Resources FEDERAL ENERGY REGULATORY... RELATED AUTHORITIES Applications for Market-Based Rates for Storage § 284.503 Market-power...

  9. The analytical approach to measuring horizontal market power in electric utility markets: A historical perspective

    SciTech Connect

    Surratt, W.

    1998-07-01

    Market power remains an important issue in electricity markets. FERC has taken important steps to clarify the process it uses in analyzing market power in merger, market-pricing, and ISO settings. Further change may be expected, although the policy goals remain the same: ensuring that consumer interests are protected and that competition may thrive. Section 1 of this article examines the history of market power measurement at FERC and details the changes in market power analysis, including the issuance of Order 592 and the methodology it prescribes. Section 2 contains some thoughts on future market power analyses and how those might be constructed. Section 3 presents conclusions.

  10. 76 FR 16394 - Analysis of Horizontal Market Power Under the Federal Power Act

    Federal Register 2010, 2011, 2012, 2013, 2014

    2011-03-23

    ... Energy Regulatory Commission Analysis of Horizontal Market Power Under the Federal Power Act AGENCY... Guidelines should have, if any, on the Commission's analysis of horizontal market power in its electric... the Commission's analysis of horizontal market power in its electric market-based rate program...

  11. Market power in electric power markets: Indications of competitiveness in spatial prices for wholesale electricity

    NASA Astrophysics Data System (ADS)

    Denton, Michael John

    The issue of market delineation and power in the wholesale electric energy market is explored using three separate approaches: two of these are analyses of spatial pricing data to explore the functional size of the markets, and the third is a series of experimental tests of the effects of different cost structures and market mechanisms on oligopoly strength in those markets. An equilibrium model of spatial network competition is shown to yield linear relationships between spatial prices. A data set comprising two years of spatial weekly peak and off-peak prices and weather for 6 locations in the Western States Coordinating Council and the Southwest Power Pool is subjected to a pairwise cointegration analysis. The use of dummy variables to account the the flow directions is found to significantly improve model performance. The second analytical technique utilizes the extraction of principal components from a spatial price correlation matrix to identify the extent of natural markets. One year of daily price observations for eleven locations within the WSCC is compiled and eigenvectors are extracted and subjected to oblique rotation, each of which is then interpreted as representing a separate geographic market. The results show that two distinct natural markets, correlated at 84%, account for over 96% of the variation in the spatial prices in the WSSC. Together, the findings support the assertion that the wholesale electricity market in the Western U.S. is large and highly competitive. The experimental analysis utilizes a radial three node network in which suppliers located at the outer nodes sell to buyers located at the central node. The parameterization captures the salient characteristics of the existing bulk power markets, and includes cyclical demand, transmission losses, as well as fixed and avoidable fixed costs for all agents. Treatments varied the number of sellers, the avoidable fixed cost structures, and the trading mechanism. Results indicated that

  12. Information Brief on Green Power Marketing, 2nd Edition

    SciTech Connect

    Sweezey, B.; Houston, A.

    1998-02-01

    This document is the second in a series of information briefs on green power marketing activity in the United States. It includes descriptions of utility green pricing programs, green power marketing activity, retail access legislation and pilot programs, and other data and information supporting the development of green power markets.

  13. Measuring Educational Liberalisation. A Global Analysis of GATS

    ERIC Educational Resources Information Center

    Verger, Antoni

    2008-01-01

    In this article, we examine the process of trade liberalisation of educational services in the framework of the General Agreement on Trade in Services (GATS) of the World Trade Organisation (WTO). Specifically, we analyse the factors that influence the undertaking of commitments on educational liberalisation by the member countries of the WTO. The…

  14. Social marketing: dimensions of power and politics.

    PubMed

    Jones, S

    1982-01-01

    The effective us of marketing strategies by nonprofit organizations necessitates involvement in political activities, i.e., mobilizing power to influence others. Most nonprofit groups and marketing experts who work for nonprofit groups are not sufficiently aware of the value of using the tactics of politics to win support for their causes. The experiences of a voluntary group which used politics and power to develop a program aimed at assisting unemployed black youth were presented. The group wanted to establish a workshop to provide training for hard core unemployed youth. The group needed to raise funds to set up the workshop. The 1st step was to identify a target group of potential donors, and then to develop a strategy for selling their product, i.e., the worthiness of the workshop project. The group decided to direct its fund raising activities toward organizations in the community rather than individuals. The market was segmented, and the product was presented differently to differ groups. Initially, the voluntary group was powerless. Political tactics were subsequently used to legitimate the group and its product. A network of influencial sympathizers, primarily clergymen and politicians, was established. This network helped the group garner the support of the targeted donor organizations. The threat of sanctions was used to gain support for the project, but sanctions were applied with considerable care. For example, the support of local politicians was obtained partially by implicitly threatening them with the possibility of bad publicity if they failed to promote the project. Voluntary organizations are not immune to internal conflict and competition. In introducing a marketing perspective into a voluntary organization, internal politics must be taken into account. In the case presented here, the marketer had to decide who in the organization to align himself with and then develop strategies to increase his influence and the influence of his allies. In

  15. Power marketing policy, Cumberland System: Environmental assessment

    SciTech Connect

    Not Available

    1982-08-04

    Major issues raised by the proposed policy are: determination of marketing area, allocation of power among customers within the marketing area, extent and condition of sales to TVA, utilization of area utility systems for power integration, firming, wheeling, and other essential relationships, wholesale rates, handling of resale rates, and conservation measures. This Marketing Policy will continue present practices in many areas, and to the extent that this is done, the existing environmental impacts will continue. SEPA has informally consulted with other agencies, public bodies, and individuals which may be affected by the proposed policy to look for activities resulting from the proposed action which could affect the environment on a local or regional basis. In this review, SEPA has not uncovered any unresolved conflicts as a result of the implementation of the proposed policy. SEPA has found that the nature and extent of the environmental consequences resulting from the policy are too remote and speculative to link directly to any air, land, or water quality impacts. No extraordinary, controversial, unique, or hazardous circumstances or conditions will be created or furthered by this policy.

  16. Waste Heat to Power Market Assessment

    SciTech Connect

    Elson, Amelia; Tidball, Rick; Hampson, Anne

    2015-03-01

    Waste heat to power (WHP) is the process of capturing heat discarded by an existing process and using that heat to generate electricity. In the industrial sector, waste heat streams are generated by kilns, furnaces, ovens, turbines, engines, and other equipment. In addition to processes at industrial plants, waste heat streams suitable for WHP are generated at field locations, including landfills, compressor stations, and mining sites. Waste heat streams are also produced in the residential and commercial sectors, but compared to industrial sites these waste heat streams typically have lower temperatures and much lower volumetric flow rates. The economic feasibility for WHP declines as the temperature and flow rate decline, and most WHP technologies are therefore applied in industrial markets where waste heat stream characteristics are more favorable. This report provides an assessment of the potential market for WHP in the industrial sector in the United States.

  17. 33 CFR 209.141 - Coordination of hydroelectric power operations with power marketing agencies.

    Code of Federal Regulations, 2010 CFR

    2010-07-01

    ... power operations with power marketing agencies. 209.141 Section 209.141 Navigation and Navigable Waters... Coordination of hydroelectric power operations with power marketing agencies. (a) Purpose. This regulation... generating facilities with the power marketing agencies. (b) Applicability. This regulation applies to...

  18. Green Power Marketing Abroad: Recent Experience and Trends

    SciTech Connect

    Bird, L.; Wustenhagen, R.; Aabakken, J.

    2002-04-01

    Green power marketing--the act of differentially selling electricity generated wholly or in part from renewable sources--has emerged in more than a dozen countries around the world. This report reviews green power marketing activity abroad to gain additional perspective on consumer demand and to discern key factors or policies that affect the development of green power markets. The objective is to draw lessons from experience in other countries that could be applicable to the U.S. market.

  19. 75 FR 15429 - Dynegy Power Marketing, Inc;. Notice of Filing

    Federal Register 2010, 2011, 2012, 2013, 2014

    2010-03-29

    ... From the Federal Register Online via the Government Publishing Office DEPARTMENT OF ENERGY Federal Energy Regulatory Commission Dynegy Power Marketing, Inc;. Notice of Filing March 22, 2010. Take notice that on December 15, 2008, Dynegy Power Marketing, Inc., Dynegy Power Corp., El Segundo Power LLC,...

  20. 78 FR 4842 - Linden VFT, LLC v. Brookfield Energy Marketing, LP, Cargill Power Markets, LLC; Notice of Complaint

    Federal Register 2010, 2011, 2012, 2013, 2014

    2013-01-23

    ... From the Federal Register Online via the Government Publishing Office DEPARTMENT OF ENERGY Federal Energy Regulatory Commission Linden VFT, LLC v. Brookfield Energy Marketing, LP, Cargill Power Markets... a formal complaint against Brookfield Energy Marketing, LP and Cargill Power Markets,...

  1. Marketing solenoid power saving device. Third quarterly report

    SciTech Connect

    1998-06-06

    I am continuing to explore three methods of marketing the solenoid power saving device. Since the redesign reported in the last report, we are pursuing both the OEM market, the distributor market in both turf and agricultural areas, and the export market. Progress in these areas is discussed: OEM, distribution; and export.

  2. Using Ensemble Streamflows for Power Marketing at Bonneville Power Administration

    NASA Astrophysics Data System (ADS)

    Barton, S. B.; Koski, P.

    2014-12-01

    Bonneville Power Administration (BPA) is a federal non-profit agency within the Pacific Northwest responsible for marketing the power generated from 31 federal hydro projects throughout the Columbia River Basin. The basin encompasses parts of five states and portions of British Columbia, Canada. BPA works with provincial entities, federal and state agencies, and tribal members to manage the water resources for a variety of purposes including flood risk management, power generation, fisheries, irrigation, recreation, and navigation. This basin is subject to significant hydrologic variability in terms of seasonal volume and runoff shape from year to year which presents new water management challenges each year. The power generation planning group at BPA includes a team of meteorologists and hydrologists responsible for preparing both short-term (up to three weeks) and mid-term (up to 18 months) weather and streamflow forecasts including ensemble streamflow data. Analysts within the mid-term planning group are responsible for running several different hydrologic models used for planning studies. These models rely on these streamflow ensembles as a primary input. The planning studies are run bi-weekly to help determine the amount of energy available, or energy inventory, for forward marketing (selling or purchasing energy up to a year in advance). These studies are run with the objective of meeting the numerous multi-purpose objectives of the basin under the various streamflow conditions within the ensemble set. In addition to ensemble streamflows, an ensemble of seasonal volume forecasts is also provided for the various water conditions in order to set numerous constraints on the system. After meeting all the various requirements of the system, a probabilistic energy inventory is calculated and used for marketing purposes.

  3. Utility-Marketing Partnerships: An Effective Strategy for Marketing Green Power?

    SciTech Connect

    Bird, L. A.; Brown, E. S.

    2006-04-01

    This paper explores whether partnerships between utilities and independent marketers are an effective strategy for marketing green power. We present case studies of voluntary and mandatory partnerships covering green power program design and implementation in both regulated and restructured electricity markets. We also include perspectives (based on interviews) from utilities, marketers, and regulators involved in developing and implementing these partnerships. From these case studies and interviews, we describe lessons learned about developing effective partnerships, including such issues as respective roles in marketing and administration, product branding, and contract and incentive structures. Based on experience to date, strategic partnerships between utilities and marketers can be an effective approach to marketing green power. Partnerships leverage the sales and resource procurement experience of marketers and the utility?s reputation and access to customers. Further, partnerships can create greater incentives for success because marketers have a vested financial interest in maximizing customer participation and green power sales.

  4. Utility-Marketer Partnerships. An Effective Strategy for Marketing Green Power?

    SciTech Connect

    Bird, L. A.; Brown, E. S.

    2006-04-01

    This paper explores whether partnerships between utilities and independent marketers are an effective strategy for marketing green power. We present case studies of voluntary and mandatory partnerships covering green power program design and implementation in both regulated and restructured electricity markets. We also include perspectives (based on interviews) from utilities, marketers, and regulators involved in developing and implementing these partnerships. From these case studies and interviews, we describe lessons learned about developing effective partnerships, including such issues as respective roles in marketing and administration, product branding, and contract and incentive structures. Based on experience to date, strategic partnerships between utilities and marketers can be an effective approach to marketing green power. Partnerships leverage the sales and resource procurement experience of marketers and the utility’s reputation and access to customers. Further, partnerships can create greater incentives for success because marketers have a vested financial interest in maximizing customer participation and green power sales.

  5. Industry market research, China: Electrical power systems. Transmission equipment market. Export trade information

    SciTech Connect

    Not Available

    1993-01-01

    The market survey covers the electric power transmission equipment market in China. The analysis contains statistical and narrative information on projected market demand, end-users; receptivity of Chinese consumers to U.S. products; the competitive situation, and market access (tariffs, non-tariff barriers, standards, taxes, distribution channels). It also contains key contact information.

  6. Wind power forecasting in U.S. Electricity markets

    SciTech Connect

    Botterud, Audun; Wang, Jianhui; Miranda, Vladimiro; Bessa, Ricardo J.

    2010-04-15

    Wind power forecasting is becoming an important tool in electricity markets, but the use of these forecasts in market operations and among market participants is still at an early stage. The authors discuss the current use of wind power forecasting in U.S. ISO/RTO markets, and offer recommendations for how to make efficient use of the information in state-of-the-art forecasts. (author)

  7. Assessment of the Association of Health with the Liberalisation of Trade in Services under the World Trade Organisation

    PubMed Central

    Umaña-Peña, Román; Franco-Giraldo, Álvaro; Díaz, Carlos Álvarez-Dardet; Ruíz-Cantero, María Teresa; Gil-González, Diana; Hernández-Aguado, Ildefonso

    2014-01-01

    Background The liberalisation of trade in services which began in 1995 under the General Agreement on Trade in Services (GATS) of the World Trade Organisation (WTO) has generated arguments for and against its potential health effects. Our goal was to explore the relationship between the liberalisation of services under the GATS and three health indicators - life expectancy (LE), under-5 mortality (U5M) and maternal mortality (MM) - since the WTO was established. Methods and Findings This was a cross-sectional ecological study that explored the association in 2010 and 1995 between liberalisation and health (LE, U5M and MM), and between liberalisation and progress in health in the period 1995–2010, considering variables related to economic and social policies such as per capita income (GDP pc), public expenditure on health (PEH), and income inequality (Gini index). The units of observation and analysis were WTO member countries with data available for 2010 (n = 116), 1995 (n = 114) and 1995–2010 (n = 114). We conducted bivariate and multivariate linear regression analyses adjusted for GDP pc, Gini and PEH. Increased global liberalisation in services under the WTO was associated with better health in 2010 (U5M: −0.358 p<0.001; MM: −0.338 p = 0.001; LE: 0.247 p = 0.008) and in 1995, after adjusting for economic and social policy variables. For the period 1995–2010, progress in health was associated with income equality, PEH and per capita income. No association was found with global liberalisation in services. Conclusions The favourable association in 2010 between health and liberalisation in services under the WTO seems to reflect a pre-WTO association observed in the 1995 data. However, this liberalisation did not appear as a factor associated with progress in health during 1995–2010. Income equality, health expenditure and per capita income were more powerful determinants of the health of populations. PMID:25078783

  8. Selling green power in California: Product, industry, and market trends

    SciTech Connect

    Wiser, R.H.; Pickle, S.J.

    1998-05-01

    As one of the first US stages to open its doors to retail electric competition, California offers an important opportunity to assess the effectiveness of green power marketing as a mechanism for supporting renewable energy. This report is an interim assessment of key green power product, industry, and market trends in California. The report identifies and analyzes: the potential size of the green power market in California; the companies participating in the green power market; the green power products being offered and their prices; the impact of the green market on renewable generators and the environment; and the influence of several public policies and non-governmental programs on the market for green power. Data used in this paper have been collected, in large part, from surveys and interviews with green power marketers that took place between December 1997 and April 1998. There remain legitimate concerns over the viability of green power marketing to support significant quantities of renewable energy and provide large environmental gains, and it is far too early to assess the overall strength of customer demand for renewable energy. A critical finding of this report is that, because of the high cost of acquiring and servicing residential customers and the low utility default service price, green power marketing affords new energy service providers one of the only viable entrees to California`s residential marketplace.

  9. Global power marketing: Potential of power industry and cost of power production in India

    SciTech Connect

    Dinker, N.; Rawal, G.J.; Hirani, J.A.; Shukla, J.K.B.

    1996-10-01

    This paper discusses the potential for the power industry in India. It gives statistics of power demand and power production capacity for the last few years and projects the future capacity for power generation. The paper uses Guijarat State as a example and gives economics of the power projects in the state and also some idea of operating cost. The paper presents prevailing rates of tariff for the power from which one can derive economical feasibility of the power projects in India. The Indian government has given more emphasis on attracting private investment for power development and changed its power policy. To attract foreign investments, the Indian power ministry has issued counter guarantees to some independent power projects. The India power industry is thus becoming a potential market for foreign power industries.

  10. Parabolic trough solar power for competitive U.S. markets

    SciTech Connect

    Price, H.W.; Kistner, R.

    1999-07-01

    Nine parabolic trough power plants located in the California Mojave Desert represent the only commercial development of large-scale solar power plants to date. Although all nine plants continue to operate today, no new solar power plants have been completed since 190. Over the last several years, the parabolic trough industry has focused much of its efforts on international market opportunities. Although the power market in developing countries appears to offer a number of opportunities for parabolic trough technologies due to high growth and the availability of special financial incentives for renewables, these markets are also plagued with many difficulties for developers. In recent years, there has been some renewed interest in the U.S. domestic power market as a results of an emerging green market and green pricing incentives. Unfortunately, many of these market opportunities and incentives focus on smaller, more modular technologies (such as photovoltaics or wind power), and as a result they tend to exclude or are of minimum long-term benefit to large-scale concentrating solar power technologies. This paper looks at what is necessary for large-scale parabolic trough solar power plants to compete with state-of-the-art fossil power technology in a competitive US power market.

  11. Parabolic Trough Solar Power for Competitive U.S. Markets

    SciTech Connect

    Henry W. Price

    1998-11-01

    Nine parabolic trough power plants located in the California Mojave Desert represent the only commercial development of large-scale solar power plants to date. Although all nine plants continue to operate today, no new solar power plants have been completed since 1990. Over the last several years, the parabolic trough industry has focused much of its efforts on international market opportunities. Although the power market in developing countries appears to offer a number of opportunities for parabolic trough technologies due to high growth and the availability of special financial incentives for renewables, these markets are also plagued with many difficulties for developers. In recent years, there has been some renewed interest in the U.S. domestic power market as a result of an emerging green market and green pricing incentives. Unfortunately, many of these market opportunities and incentives focus on smaller, more modular technologies (such as photovoltaics or wind power), and as a result they tend to exclude or are of minimum long-term benefit to large-scale concentrating solar power technologies. This paper looks at what is necessary for large-scale parabolic trough solar power plants to compete with state-of-the-art fossil power technology in a competitive U.S. power market.

  12. The role of public policy in emerging green power markets: An analysis of marketer preferences

    SciTech Connect

    Wiser, R.

    1999-08-01

    Green power marketing has been heralded by some as a means to create a private market for renewable energy that is driven by customer demand for green products. This report challenges the premise--sometimes proffered in debates over green markets--that profitable, sizable, credible markets for green products will evolve naturally without supportive public policies. Relying primarily on surveys and interviews of US green power marketers, the article examines the role of specific regulatory and legislative policies in enabling the green market, and searches for those policies that are believed by marketers to be the most conducive or detrimental to the expansion of the green market. The authors find that marketers: (1) believe that profitable green power markets will only develop if a solid foundation of supportive policies exists; (2) believe that establishing overall price competition and encouraging customer switching are the top priorities; (3) are somewhat leery of government-sponsored or mandated public information programs; and (4) oppose three specific renewable energy policies that are frequently advocated by renewable energy enthusiasts, but that may have negative impacts on the green marketers' profitability. The stated preferences of green marketers shed light on ways to foster renewables by means of the green market. Because the interests of marketers do not coincide perfectly with those of society, however, the study also recognizes other normative perspectives and highlights policy tensions at the heart of current debates related to green markets. By examining these conflicts, they identify three key policy questions that should direct future research: (1) to what extent should price competition and customer switching be encouraged at the expense of cost shifting; (2) what requirements should be imposed to ensure credibility in green products and marketing; and (3) how should the green power market and broader renewable energy policies interact?

  13. 18 CFR 35.37 - Market power analysis required.

    Code of Federal Regulations, 2014 CFR

    2014-04-01

    ... 18 Conservation of Power and Water Resources 1 2014-04-01 2014-04-01 false Market power analysis required. 35.37 Section 35.37 Conservation of Power and Water Resources FEDERAL ENERGY REGULATORY COMMISSION, DEPARTMENT OF ENERGY REGULATIONS UNDER THE FEDERAL POWER ACT FILING OF RATE SCHEDULES AND...

  14. 18 CFR 35.37 - Market power analysis required.

    Code of Federal Regulations, 2012 CFR

    2012-04-01

    ... 18 Conservation of Power and Water Resources 1 2012-04-01 2012-04-01 false Market power analysis required. 35.37 Section 35.37 Conservation of Power and Water Resources FEDERAL ENERGY REGULATORY COMMISSION, DEPARTMENT OF ENERGY REGULATIONS UNDER THE FEDERAL POWER ACT FILING OF RATE SCHEDULES AND...

  15. 18 CFR 35.37 - Market power analysis required.

    Code of Federal Regulations, 2013 CFR

    2013-04-01

    ... 18 Conservation of Power and Water Resources 1 2013-04-01 2013-04-01 false Market power analysis required. 35.37 Section 35.37 Conservation of Power and Water Resources FEDERAL ENERGY REGULATORY COMMISSION, DEPARTMENT OF ENERGY REGULATIONS UNDER THE FEDERAL POWER ACT FILING OF RATE SCHEDULES AND...

  16. 18 CFR 35.37 - Market power analysis required.

    Code of Federal Regulations, 2010 CFR

    2010-04-01

    ... 18 Conservation of Power and Water Resources 1 2010-04-01 2010-04-01 false Market power analysis required. 35.37 Section 35.37 Conservation of Power and Water Resources FEDERAL ENERGY REGULATORY COMMISSION, DEPARTMENT OF ENERGY REGULATIONS UNDER THE FEDERAL POWER ACT FILING OF RATE SCHEDULES AND...

  17. Modeling market power in electricity markets: Is the devil only in the details?

    SciTech Connect

    Bautista, Guillermo; Anjos, Miguel F.; Vannelli, Anthony

    2007-01-15

    Basic approximations of the transmission system are ubiquitous in the literature on modeling competition in electricity markets. Because the main concern of market power is with active power, reactive power and voltage-related issues are commonly neglected, even though they are inherent features of an electrical power system. However, the usefulness of stylized formulations that do not comprise these system elements may be severely limited. (author)

  18. Power Contro Energy Management and Market Systems

    SciTech Connect

    Tom Addison; Andrew Stanbury

    2005-12-15

    More efficient use of the nation's electrical energy infrastructure will result in minimizing the cost of energy to the end user. Using real time electrical market information coupled with defined rules, market opportunities can be identified that provide economic benefit for both users and marketers of electricity. This report describes the design of one such system and the features a fully functional system would provide. This report documents several investigated methods of controlling load diversity or shifting.

  19. Implications of Carbon Regulation for Green Power Markets

    SciTech Connect

    Bird, Lori; Holt, Ed; Carroll, Ghita

    2007-04-01

    This paper examines the potential effects that emerging mandatory carbon markets have for voluntary markets for renewable energy, or green power markets. In an era of carbon regulation, green power markets will continue to play an important role because many consumers may be interested in supporting renewable energy development beyond what is supported through mandates or other types of policy support. The paper examines the extent to which GHG benefits motivate consumers to make voluntary renewable energy purchases and summarizes key issues emerging as a result of these overlapping markets, such as the implications of carbon regulation for renewable energy marketing claims, the demand for and price of renewable energy certificates (RECs), and the use of RECs in multiple markets (disaggregation of attributes). It describes carbon regulation programs under development in the Northeast and California, and how these might affect renewable energy markets in these regions, as well as the potential interaction between voluntary renewable energy markets and voluntary carbon markets, such as the Chicago Climate Exchange (CCX). It also briefly summarizes the experience in the European Union, where carbon is already regulated. Finally, the paper presents policy options for policymakers and regulators to consider in designing carbon policies to enable carbon markets and voluntary renewable energy markets to work together.

  20. A distributed power market for the Smart Grid

    NASA Astrophysics Data System (ADS)

    McCulloch, Ryan James

    To address the challenges of resource allocation in the Smart Electrical Grid a new power market is proposed. A distributed and autonomous contract net based market system in which participants, represented by the agents, engage in two distinct yet interconnected markets in order to determine resource allocation. Key to this proposed design is the 2 market structure which separates negotiations between consumers and reliable generation from negotiations between consumers and intermittent energy resources. The first or primary market operates as a first price sealed bid reverse auction while the second or secondary market utilizes a uniform price auction. In order to evaluate this new market a simulator is developed and the market is modeled and tested within it. The results of these tests indicate that the proposed design is an effective method of allocating electrical grid resources amongst consumers, generators, and intermittent energy resources with some feasibility and scalability limitations.

  1. Marketing Power Tools for Building Better Connections.

    ERIC Educational Resources Information Center

    Goldman, Karen Denard

    This paper proposes use of marketing methods to improve college health services and enhance their perceived value. Ten key marketing principles are defined: (1) value of the service as seen by the target population; (2) exchange clients perceive benefits received as exceeding perceived costs; (3) competition offering a better product than the…

  2. America's Seniors: Marketers Are Underestimating Their Power.

    ERIC Educational Resources Information Center

    Clayton, Catherine

    Society has stereotyped the elderly as those who are unable, dependent, institutionalized, and handicapped in various other ways. Stereotyping older people in this manner allows them to be cast aside in the market as well. The marketing community should concentrate more on this thriving aggregate, for they have disposable income--some for the…

  3. Optimal Dispatch of Competitive Power Markets by Using PowerWorld Simulator

    NASA Astrophysics Data System (ADS)

    Zhang, Dong; Li, Shuhui

    2013-10-01

    The transition to competitive and retail markets for electric utilities around the world has been a difficult and controversial process. One of the difficulties that hindered the development and growth of competitive power markets is the absence of efficient computational tools to assist the design, analysis, and operation of competitive power markets. PowerWorld simulator is a software package that has strong analytical and visualization functions suitable for extensive power flow study of an electric power system. However, like many other power flow simulators, PowerWorld cannot be used directly for analysis and evaluation of a competitive power market. This article investigates mathematical models associated with a competitive power market and how these models can be converted and transformed in such a way that makes it possible to use PowerWorld for the competitive power market study. To validate the effectiveness of the proposed strategy, models of several small-scale competitive power markets are built in MatLab by using conventional approaches. Results generated by both PowerWorld and MatLab are compared. Finally, the article demonstrates how the PowerWorld simulator is used to investigate a larger and practical competitive power system.

  4. The strategic use of forward contracts: Applications in power markets

    NASA Astrophysics Data System (ADS)

    Lien, Jeffrey Scott

    This dissertation develops three theoretical models that analyze forward trading by firms with market power. The models are discussed in the context of recently restructured power markets, but the results can be applied more generally. The first model considers the profitability of large firms in markets with limited economies of scale and free entry. When large firms apply their market power, small firms benefit from the high prices without incurring the costs of restricted output. When entry is considered, and profit opportunity is determined by the cost of entry, this asymmetry creates the "curse of market power;" the long-run profits of large firms are reduced because of their market power. I suggest ways that large power producers can cope with the curse of market power, including the sale of long-term forward contracts. Past research has shown that forward contracts can demonstrate commitment to aggressive behavior to a competing duopolist. I add explicitly modeled entry to this literature, and make the potential entrants the audience of the forward sale. The existence of a forward market decreases equilibrium entry, increases the profits of large firms, and enhances economic efficiency. In the second model, a consumer representative, such as a state government or regulated distribution utility, bargains in the forward market on behalf of end-consumers who cannot organize together in the spot market. The ability to organize in forward markets allows consumers to encourage economic efficiency. When multiple producers are considered, I find that the ability to offer contracts also increases consumer surplus by decreasing the producers' profits. In some specifications of the model, consumers are able to capture the full gains from trade. The third model of this dissertation considers the ability of a large producer to take advantage of anonymity by randomly alternating between forward sales and forward purchases. The large producer uses its market power to

  5. Equilibrium pricing in electricity markets with wind power

    NASA Astrophysics Data System (ADS)

    Rubin, Ofir David

    Estimates from the World Wind Energy Association assert that world total wind power installed capacity climbed from 18 Gigawatt (GW) to 152 GW from 2000 to 2009. Moreover, according to their predictions, by the end of 2010 global wind power capacity will reach 190 GW. Since electricity is a unique commodity, this remarkable expansion brings forward several key economic questions regarding the integration of significant amount of wind power capacity into deregulated electricity markets. The overall dissertation objective is to develop a comprehensive theoretical framework that enables the modeling of the performance and outcome of wind-integrated electricity markets. This is relevant because the state of knowledge of modeling electricity markets is insufficient for the purpose of wind power considerations. First, there is a need to decide about a consistent representation of deregulated electricity markets. Surprisingly, the related body of literature does not agree on the very economic basics of modeling electricity markets. That is important since we need to capture the fundamentals of electricity markets before we introduce wind power to our study. For example, the structure of the electric industry is a key. If market power is present, the integration of wind power has large consequences on welfare distribution. Since wind power uncertainty changes the dynamics of information it also impacts the ability to manipulate market prices. This is because the quantity supplied by wind energy is not a decision variable. Second, the intermittent spatial nature of wind over a geographical region is important because the market value of wind power capacity is derived from its statistical properties. Once integrated into the market, the distribution of wind will impact the price of electricity produced from conventional sources of energy. Third, although wind power forecasting has improved in recent years, at the time of trading short-term electricity forwards, forecasting

  6. Does health plan generosity enhance hospital market power?

    PubMed

    Baker, Laurence C; Bundorf, M Kate; Kessler, Daniel P

    2015-12-01

    We test whether the generosity of employer-sponsored health insurance facilitates the exercise of market power by hospitals. We construct indices of health plan generosity and the price and volume of hospital services using data from Truven MarketScan for 601 counties from 2001 to 2007. We use variation in the industry and union status of covered workers within a county over time to identify the causal effects of generosity. Although OLS estimates fail to reject the hypothesis that generosity facilitates the exercise of hospital market power, IV estimates show a statistically significant and economically important positive effect of plan generosity on hospital prices in uncompetitive markets, but not in competitive markets. Our results suggest that most of the aggregate effect of hospital market structure on prices found in previous work may be coming from areas with generous plans. PMID:26402570

  7. Implementation of priority insurance in power exchange markets

    SciTech Connect

    Wilson, R.

    1997-02-01

    In their article in this issue, Chao and Peck (1997) propose a market design in which forward contracts for power and transmission are traded in a pre-dispatch power exchange (PX). Subsequently, a system operator (SO) conducts the actual dispatch to implement these contracts to the extent possible, considering the constraints and security of the transmission system in light of events after the forward market closes. Later, a financial settlement process reconciles differences between the forward contracts and the actual power flows. The key feature of their proposal is that a full set of prices for rental of transmission links, together with nodal prices for power, enables a market equilibrium to be fully efficient. In its practical implementation, this efficiency stems form participants` ability to exploit fully the natural complementarities between power trades and transmission rentals, as well as complementarities between power injections at opposite ends of congested transmission links. 3 refs.

  8. Your School's Web Site-A Powerful Tool for Marketing.

    ERIC Educational Resources Information Center

    Say, Michael W.; Collier, Karen J.; Hoya, Charlotte, G.

    2001-01-01

    A successful marketing plan requires a conceptual framework, the ability to target an audience effectively, and the strategy for positioning the school organization appropriately. A website can be a powerful marketing tool if it focuses on what users want and provides it in an organized, accessible fashion. (MLH)

  9. Energy and environmental efficiency in competitive power markets

    SciTech Connect

    Warwick, W.M.

    1995-02-01

    For years the electric utility industry operated as a regulated monopoly, largely immune to market forces except those of competing fuels. That era came to an end with the Public Utilities Regulatory Policy Act (PURPA) of 1974, which created a market for non-utility generated power. Within twenty years, non-regulated, non-utility generators had become the primary supplier of new energy resources. Their market power is matched by their political power, as evidenced in the Energy Policy Act of 1994 (EPAct), which requires open access to utility transmission lines to facilitate inter-utility bulk power sales. The conventional wisdom is that active wholesale power markets with competition among alternative generators will lead to lower power-development costs and cheaper retail power prices. The trend towards alternative bulk power sources at low prices intersects with large retail power customers` interest in accessing alternative power supplies. In most cases, these alternatives to local utilities are at a lower cost than retail rates. For the most part, proponents of generation competition have remained silent about potential environmental consequences. However, skeptics of increased competition, including major environmental groups, cite environmental impacts among their concerns. This report examines these concerns.

  10. 78 FR 54888 - Guzman Power Markets, LLC; Supplemental Notice That Initial Market-Based Rate Filing Includes...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2013-09-06

    ... From the Federal Register Online via the Government Publishing Office DEPARTMENT OF ENERGY Federal Energy Regulatory Commission Guzman Power Markets, LLC; Supplemental Notice That Initial Market-Based... above-referenced proceeding, of Guzman Power Markets, LLC's application for market-based rate...

  11. 77 FR 53197 - Raven Power Marketing LLC; Supplemental Notice That Initial Market-Based Rate Filing Includes...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2012-08-31

    ... From the Federal Register Online via the Government Publishing Office DEPARTMENT OF ENERGY Federal Energy Regulatory Commission Raven Power Marketing LLC; Supplemental Notice That Initial Market-Based... above-referenced proceeding, of Raven Power Marketing LLC's application for market-based rate...

  12. 78 FR 28837 - Myotis Power Marketing LLC; Supplemental Notice That Initial Market-Based Rate Filing Includes...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2013-05-16

    ... From the Federal Register Online via the Government Publishing Office DEPARTMENT OF ENERGY Federal Energy Regulatory Commission Myotis Power Marketing LLC; Supplemental Notice That Initial Market-Based... above-referenced proceeding of Myotis Power Marketing LLC's application for market-based rate...

  13. 78 FR 56691 - Sapphire Power Marketing LLC; Supplemental Notice That Initial Market-Based Rate Filing Includes...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2013-09-13

    ... From the Federal Register Online via the Government Publishing Office DEPARTMENT OF ENERGY Federal Energy Regulatory Commission Sapphire Power Marketing LLC; Supplemental Notice That Initial Market-Based... above-referenced proceeding, of Sapphire Power Marketing LLC's application for market-based...

  14. Econophysics of adaptive power markets: When a market does not dampen fluctuations but amplifies them.

    PubMed

    Krause, Sebastian M; Börries, Stefan; Bornholdt, Stefan

    2015-07-01

    The average economic agent is often used to model the dynamics of simple markets, based on the assumption that the dynamics of a system of many agents can be averaged over in time and space. A popular idea that is based on this seemingly intuitive notion is to dampen electric power fluctuations from fluctuating sources (as, e.g., wind or solar) via a market mechanism, namely by variable power prices that adapt demand to supply. The standard model of an average economic agent predicts that fluctuations are reduced by such an adaptive pricing mechanism. However, the underlying assumption that the actions of all agents average out on the time axis is not always true in a market of many agents. We numerically study an econophysics agent model of an adaptive power market that does not assume averaging a priori. We find that when agents are exposed to source noise via correlated price fluctuations (as adaptive pricing schemes suggest), the market may amplify those fluctuations. In particular, small price changes may translate to large load fluctuations through catastrophic consumer synchronization. As a result, an adaptive power market may cause the opposite effect than intended: Power demand fluctuations are not dampened but amplified instead. PMID:26274233

  15. Econophysics of adaptive power markets: When a market does not dampen fluctuations but amplifies them

    NASA Astrophysics Data System (ADS)

    Krause, Sebastian M.; Börries, Stefan; Bornholdt, Stefan

    2015-07-01

    The average economic agent is often used to model the dynamics of simple markets, based on the assumption that the dynamics of a system of many agents can be averaged over in time and space. A popular idea that is based on this seemingly intuitive notion is to dampen electric power fluctuations from fluctuating sources (as, e.g., wind or solar) via a market mechanism, namely by variable power prices that adapt demand to supply. The standard model of an average economic agent predicts that fluctuations are reduced by such an adaptive pricing mechanism. However, the underlying assumption that the actions of all agents average out on the time axis is not always true in a market of many agents. We numerically study an econophysics agent model of an adaptive power market that does not assume averaging a priori. We find that when agents are exposed to source noise via correlated price fluctuations (as adaptive pricing schemes suggest), the market may amplify those fluctuations. In particular, small price changes may translate to large load fluctuations through catastrophic consumer synchronization. As a result, an adaptive power market may cause the opposite effect than intended: Power demand fluctuations are not dampened but amplified instead.

  16. 18 CFR 284.505 - Market-based rates for storage providers without a market-power determination.

    Code of Federal Regulations, 2011 CFR

    2011-04-01

    ... storage providers without a market-power determination. 284.505 Section 284.505 Conservation of Power and Water Resources FEDERAL ENERGY REGULATORY COMMISSION, DEPARTMENT OF ENERGY OTHER REGULATIONS UNDER THE... Storage § 284.505 Market-based rates for storage providers without a market-power determination. (a)...

  17. 18 CFR 284.505 - Market-based rates for storage providers without a market-power determination.

    Code of Federal Regulations, 2014 CFR

    2014-04-01

    ... storage providers without a market-power determination. 284.505 Section 284.505 Conservation of Power and Water Resources FEDERAL ENERGY REGULATORY COMMISSION, DEPARTMENT OF ENERGY OTHER REGULATIONS UNDER THE... Storage § 284.505 Market-based rates for storage providers without a market-power determination. (a)...

  18. 18 CFR 284.505 - Market-based rates for storage providers without a market-power determination.

    Code of Federal Regulations, 2013 CFR

    2013-04-01

    ... storage providers without a market-power determination. 284.505 Section 284.505 Conservation of Power and Water Resources FEDERAL ENERGY REGULATORY COMMISSION, DEPARTMENT OF ENERGY OTHER REGULATIONS UNDER THE... Storage § 284.505 Market-based rates for storage providers without a market-power determination. (a)...

  19. 75 FR 31430 - Frequency Regulation Compensation in the Organized Wholesale Power Markets; Notice Establishing...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2010-06-03

    ... Markets, 75 FR 23,759, as supplemented by Supplemental Notice of Technical Conference re Frequency... Energy Regulatory Commission Frequency Regulation Compensation in the Organized Wholesale Power Markets... technical conference regarding frequency regulation in the organized wholesale power markets, as...

  20. Oil market power and United States national security

    PubMed Central

    Stern, Roger

    2006-01-01

    It is widely believed that an oil weapon could impose scarcity upon the United States. Impending resource exhaustion is thought to exacerbate this threat. However, threat seems implausible when we consider strategic deficits of prospective weapon users and the improbability of impending resource exhaustion. Here, we explore a hypothesis relating oil to national security under a different assumption, abundance. We suggest that an oil cartel exerts market power to keep abundance at bay, commanding monopoly rents [or wealth transfers (wt)] that underwrite security threats. We then compare security threats attributed to the oil weapon to those that may arise from market power. We first reexamine whether oil is abundant or scarce by reviewing current development data, then we estimate a competitive price for oil. From this, we derive wt2004 collections by Persian Gulf states ≈ $132-178 × 109. We find that wt and the behavior of states collecting it interact to actuate security threats. Threats underwritten by wt are (i) the potential for emergence of a Persian Gulf superpower and (ii) terrorism. It is therefore oil market power, not oil per se, that actuates threats. We also describe a paradox in the relation of market power to the United States' defense doctrine of force projection to preempt a Gulf superpower. Because the superpower threat derives from wt, force alone cannot preempt it. A further paradox is that because foreign policy is premised on oil weapon fear, market power is appeased. Threats thereby grow unimpeded. PMID:16428291

  1. Oil market power and United States national security.

    PubMed

    Stern, Roger

    2006-01-31

    It is widely believed that an oil weapon could impose scarcity upon the United States. Impending resource exhaustion is thought to exacerbate this threat. However, threat seems implausible when we consider strategic deficits of prospective weapon users and the improbability of impending resource exhaustion. Here, we explore a hypothesis relating oil to national security under a different assumption, abundance. We suggest that an oil cartel exerts market power to keep abundance at bay, commanding monopoly rents [or wealth transfers (wt)] that underwrite security threats. We then compare security threats attributed to the oil weapon to those that may arise from market power. We first reexamine whether oil is abundant or scarce by reviewing current development data, then we estimate a competitive price for oil. From this, we derive wt(2004) collections by Persian Gulf states approximately USD $132-178 x 10(9). We find that wt and the behavior of states collecting it interact to actuate security threats. Threats underwritten by wt are (i) the potential for emergence of a Persian Gulf superpower and (ii) terrorism. It is therefore oil market power, not oil per se, that actuates threats. We also describe a paradox in the relation of market power to the United States' defense doctrine of force projection to preempt a Gulf superpower. Because the superpower threat derives from wt, force alone cannot preempt it. A further paradox is that because foreign policy is premised on oil weapon fear, market power is appeased. Threats thereby grow unimpeded. PMID:16428291

  2. Electricity generation and transmission planning in deregulated power markets

    NASA Astrophysics Data System (ADS)

    He, Yang

    This dissertation addresses the long-term planning of power generation and transmission facilities in a deregulated power market. Three models with increasing complexities are developed, primarily for investment decisions in generation and transmission capacity. The models are presented in a two-stage decision context where generation and transmission capacity expansion decisions are made in the first stage, while power generation and transmission service fees are decided in the second stage. Uncertainties that exist in the second stage affect the capacity expansion decisions in the first stage. The first model assumes that the electric power market is not constrained by transmission capacity limit. The second model, which includes transmission constraints, considers the interactions between generation firms and the transmission network operator. The third model assumes that the generation and transmission sectors make capacity investment decisions separately. These models result in Nash-Cournot equilibrium among the unregulated generation firms, while the regulated transmission network operator supports the competition among generation firms. Several issues in the deregulated electric power market can be studied with these models such as market powers of generation firms and transmission network operator, uncertainties of the future market, and interactions between the generation and transmission sectors. Results deduced from the developed models include (a) regulated transmission network operator will not reserve transmission capacity to gain extra profits; instead, it will make capacity expansion decisions to support the competition in the generation sector; (b) generation firms will provide more power supplies when there is more demand; (c) in the presence of future uncertainties, the generation firms will add more generation capacity if the demand in the future power market is expected to be higher; and (d) the transmission capacity invested by the

  3. Green Power Marketing in the United States. A Status Report (11th Edition)

    SciTech Connect

    Bird, Lori; Kreycik, Claire; Friedman, Barry

    2008-10-01

    This report documents green power marketing activities and trends in the United States. It presents aggregate green power sales data for all voluntary purchase markets across the United States. It also provides summary data on utility green pricing programs offered in regulated electricity markets and green power marketing activity in competitive electricity markets, as well as green power sold to voluntary purchasers in the form of renewable energy certificates. Key market trends and issues are also discussed.

  4. Green Power Marketing in the United States: A Status Report (11th Edition)

    SciTech Connect

    Bird, L.; Kreycik, C.; Friedman, B.

    2008-10-01

    This report documents green power marketing activities and trends in the United States. It presents aggregate green power sales data for all voluntary purchase markets across the United States. It also provides summary data on utility green pricing programs offered in regulated electricity markets and green power marketing activity in competitive electricity markets, as well as green power sold to voluntary purchasers in the form of renewable energy certificates. Key market trends and issues are also discussed.

  5. On emissions trading, toxic debt and the Australian power market

    SciTech Connect

    Simshauser, Paul

    2009-03-15

    Implementation of emissions trading will have profound effects on the financial stability of coal generators. While the impact on equity capital is well understood, the potential fallout in the market for project finance is not. During the current global financial crisis, the form and quantum of transitional assistance to coal generators will be crucial to ensure ongoing participation of domestic and foreign project banks in the power markets. (author)

  6. SPS market analysis. [small solar thermal power systems

    NASA Technical Reports Server (NTRS)

    Goff, H. C.

    1980-01-01

    A market analysis task included personal interviews by GE personnel and supplemental mail surveys to acquire statistical data and to identify and measure attitudes, reactions and intentions of prospective small solar thermal power systems (SPS) users. Over 500 firms were contacted, including three ownership classes of electric utilities, industrial firms in the top SIC codes for energy consumption, and design engineering firms. A market demand model was developed which utilizes the data base developed by personal interviews and surveys, and projected energy price and consumption data to perform sensitivity analyses and estimate potential markets for SPS.

  7. Market assessment of photovoltaic power systems for agricultural applications worldwide

    NASA Technical Reports Server (NTRS)

    Cabraal, A.; Delasanta, D.; Rosen, J.; Nolfi, J.; Ulmer, R.

    1981-01-01

    Agricultural sector PV market assessments conducted in the Phillippines, Nigeria, Mexico, Morocco, and Colombia are extrapolated worldwide. The types of applications evaluated are those requiring less than 15 kW of power and operate in a stand alone mode. The major conclusions were as follows: PV will be competitive in applications requiring 2 to 3 kW of power prior to 1983; by 1986 PV system competitiveness will extend to applications requiring 4 to 6 kW of power, due to capital constraints, the private sector market may be restricted to applications requiring less than about 2 kW of power; the ultimate purchase of larger systems will be governments, either through direct purchase or loans from development banks. Though fragmented, a significant agriculture sector market for PV exists; however, the market for PV in telecommunications, signalling, rural services, and TV will be larger. Major market related factors influencing the potential for U.S. PV Sales are: lack of awareness; high first costs; shortage of long term capital; competition from German, French and Japanese companies who have government support; and low fuel prices in capital surplus countries. Strategies that may aid in overcoming some of these problems are: setting up of a trade association aimed at overcoming problems due to lack of awareness, innovative financing schemes such as lease arrangements, and designing products to match current user needs as opposed to attempting to change consumer behavior.

  8. Market assessment of photovoltaic power systems for agricultural applications worldwide

    NASA Astrophysics Data System (ADS)

    Cabraal, A.; Delasanta, D.; Rosen, J.; Nolfi, J.; Ulmer, R.

    1981-11-01

    Agricultural sector PV market assessments conducted in the Phillippines, Nigeria, Mexico, Morocco, and Colombia are extrapolated worldwide. The types of applications evaluated are those requiring less than 15 kW of power and operate in a stand alone mode. The major conclusions were as follows: PV will be competitive in applications requiring 2 to 3 kW of power prior to 1983; by 1986 PV system competitiveness will extend to applications requiring 4 to 6 kW of power, due to capital constraints, the private sector market may be restricted to applications requiring less than about 2 kW of power; the ultimate purchase of larger systems will be governments, either through direct purchase or loans from development banks. Though fragmented, a significant agriculture sector market for PV exists; however, the market for PV in telecommunications, signalling, rural services, and TV will be larger. Major market related factors influencing the potential for U.S. PV Sales are: lack of awareness; high first costs; shortage of long term capital; competition from German, French and Japanese companies who have government support; and low fuel prices in capital surplus countries. Strategies that may aid in overcoming some of these problems are: setting up of a trade association aimed at overcoming problems due to lack of awareness, innovative financing schemes such as lease arrangements, and designing products to match current user needs as opposed to attempting to change consumer behavior.

  9. Marketing implications of the shift in power of the hospital.

    PubMed

    Rayburn, J M; Rayburn, L G

    1995-01-01

    With the introduction of the Prospective Payment System, hospital accountants' role changed from reimbursement maximizers to an important role in decision making. Faced with increased competition, hospitals are installing financial controls. Hospital marketers are also engaging in external promotional and health awareness campaigns and expanding their services to stabilize income and reduce the effects of a changing environment. Thus, hospitals operate in a more competitive environment with increasing uncertainty. When faced with uncertainty, organizations often believe that they must convince society that their existence is legitimate. Increasing specialization and organizational complexity in health care professions have made the expert important. Experts, such as the role assumed by hospital accountants and physicians, maintain power because the organization depends on them for their special skills and information. Marketing should also develop an internal marketing program to reach these power influencers. Scarce resource coupled with uncertainty move hospital accountants as experts into the power equation in the changing control of the U.S. healthcare system. Previously, the physician was the major source of hospital power. Since accountants often serve as monitors of scarce resources, information about the resource allocation directly affects the distribution of power. Marketers should acknowledge that this places hospital accountants in a critical role of assisting their institutions in adapting to a new environment. PMID:10156182

  10. Who will market the independent power production industry

    SciTech Connect

    Frumerman, B.

    1988-02-01

    While this question is important, there is another question that is not asked often enough: How can the independent power production industry market itself and thereby create an environment in which member companies can thrive in the years ahead. This issue demands greater attention than it has received so far. If the independent power-production industry does not make an immediate and concerted effort to help shape public opinion regarding its role in generating and selling power, others outside the industry will. Unfortunately, such non-industry views do not tend to be supportive of the goals of independent power producers.

  11. Essays in market power mitigation and supply function equilibrium

    NASA Astrophysics Data System (ADS)

    Subramainam, Thiagarajah Natchie

    Market power mitigation has been an integral part of wholesale electricity markets since deregulation. In wholesale electricity markets, different regions in the US take different approaches to regulating market power. While the exercise of market power has received considerable attention in the literature, the issue of market power mitigation has attracted scant attention. In the first chapter, I examine the market power mitigation rules used in New York ISO (Independent System Operator) and California ISO (CAISO) with respect to day-ahead and real-time energy markets. I test whether markups associated with New York in-city generators would be lower with an alternative approach to mitigation, the CAISO approach. Results indicate the difference in markups between these two mitigation rules is driven by the shape of residual demand curves for suppliers. Analysis of residual demand curves faced by New York in-city suppliers show similar markups under both mitigation rules when no one supplier is necessary to meet the demand (i.e., when no supplier is pivotal). However, when some supplier is crucial for the market to clear, the mitigation rule adopted by the NYISO consistently leads to higher markups than would the CAISO rule. This result suggest that market power episodes in New York is confined to periods where some supplier is pivotal. As a result, I find that applying the CAISOs' mitigation rules to the New York market could lower wholesale electricity prices by 18%. The second chapter of my dissertation focuses on supply function equilibrium. In power markets, suppliers submit offer curves in auctions, indicating their willingness to supply at different price levels. Although firms are allowed to submit different offer curves for different time periods, surprisingly many firms stick to a single offer curve for the entire day. This essentially means that firms are submitting a single offer curve for multiple demand realizations. A suitable framework to analyze

  12. 75 FR 30812 - Frequency Regulation Compensation in the Organized Wholesale Power Markets; Further Notice...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2010-06-02

    ... Organized Wholesale Power Markets, 75 FR 23,759, as supplemented by Supplemental Notice of Technical... Energy Regulatory Commission Frequency Regulation Compensation in the Organized Wholesale Power Markets... of Proposed Rulemaking on Frequency Regulation Compensation in the Organized Wholesale Power...

  13. Network model of bilateral power markets based on complex networks

    NASA Astrophysics Data System (ADS)

    Wu, Yang; Liu, Junyong; Li, Furong; Yan, Zhanxin; Zhang, Li

    2014-06-01

    The bilateral power transaction (BPT) mode becomes a typical market organization with the restructuring of electric power industry, the proper model which could capture its characteristics is in urgent need. However, the model is lacking because of this market organization's complexity. As a promising approach to modeling complex systems, complex networks could provide a sound theoretical framework for developing proper simulation model. In this paper, a complex network model of the BPT market is proposed. In this model, price advantage mechanism is a precondition. Unlike other general commodity transactions, both of the financial layer and the physical layer are considered in the model. Through simulation analysis, the feasibility and validity of the model are verified. At same time, some typical statistical features of BPT network are identified. Namely, the degree distribution follows the power law, the clustering coefficient is low and the average path length is a bit long. Moreover, the topological stability of the BPT network is tested. The results show that the network displays a topological robustness to random market member's failures while it is fragile against deliberate attacks, and the network could resist cascading failure to some extent. These features are helpful for making decisions and risk management in BPT markets.

  14. Power systems locational marginal pricing in deregulated markets

    NASA Astrophysics Data System (ADS)

    Wang, Hui-Fung Francis

    Since the beginning of the 1990s, the electricity business is transforming from a vertical integrating business to a competitive market operations. The generation, transmission, distribution subsystem of an electricity utility are operated independently as Genco (generation subsystem), Transco (transmission subsystem), and Distco (distribution subsystem). This trend promotes more economical inter- and intra regional transactions to be made by the participating companies and the users of electricity to achieve the intended objectives of deregulation. There are various types of electricity markets that are implemented in the North America in the past few years. However, transmission congestion management becomes a key issue in the electricity market design as more bilateral transactions are traded across long distances competing for scarce transmission resources. It directly alters the traditional concept of energy pricing and impacts the bottom line, revenue and cost of electricity, of both suppliers and buyers. In this research, transmission congestion problem in a deregulated market environment is elucidated by implementing by the Locational Marginal Pricing (LMP) method. With a comprehensive understanding of the LMP method, new mathematical tools will aid electric utilities in exploring new business opportunities are developed and presented in this dissertation. The dissertation focuses on the development of concept of (LMP) forecasting and its implication to the market participants in deregulated market. Specifically, we explore methods of developing fast LMP calculation techniques that are differ from existing LMPs. We also explore and document the usefulness of the proposed LMP in determining electricity pricing of a large scale power system. The developed mathematical tools use of well-known optimization techniques such as linear programming that are support by several flow charts. The fast and practical security constrained unit commitment methods are the

  15. 75 FR 24941 - PBF Power Marketing LLC; Supplemental Notice That Initial Market-Based Rate Filing Includes...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2010-05-06

    ... From the Federal Register Online via the Government Publishing Office ] DEPARTMENT OF ENERGY Federal Energy Regulatory Commission PBF Power Marketing LLC; Supplemental Notice That Initial Market... supplemental notice in the above-referenced proceeding of PBF Power Marketing LLC's application for...

  16. Digital Portfolios: Powerful Marketing Tool for Communications Students

    ERIC Educational Resources Information Center

    Nikirk, Martin

    2008-01-01

    A digital portfolio is a powerful marketing tool for young people searching for employment in the communication or interactive media fields. With a digital portfolio, students can demonstrate their skills at working with software tools, demonstrate appropriate use of materials, explain technical procedures, show an understanding of processes and…

  17. Green Power Marketing in the United States. A Status Report (Tenth Edition)

    SciTech Connect

    Bird, Lori; Dagher, Leila; Swezey, Blair

    2007-12-01

    This report documents green power marketing activities and trends in the United States, focusing on consumer decisions to purchase electricity supplied from renewable energy sources and how this choice represents a powerful market support mechanism for renewable energy development. The report presents aggregate green power sales data for all voluntary purchase markets across the United States. It also provides summary data on utility green pricing programs offered in regulated electricity markets, on green power marketing activity in competitive electricity markets, and green power sold to voluntary purchasers in the form of renewable energy certificates. It also includes a discussion of key market trends and issues.

  18. Green Power Marketing in the United States: A Status Report (Tenth Edition)

    SciTech Connect

    Bird, L.; Dagher, L.; Swezey, B.

    2007-12-01

    This report documents green power marketing activities and trends in the United States, focusing on consumer decisions to purchase electricity supplied from renewable energy sources and how this choice represents a powerful market support mechanism for renewable energy development. The report presents aggregate green power sales data for all voluntary purchase markets across the United States. It also provides summary data on utility green pricing programs offered in regulated electricity markets, on green power marketing activity in competitive electricity markets, and green power sold to voluntary purchasers in the form of renewable energy certificates. It also includes a discussion of key market trends and issues.

  19. Market assessment of photovoltaic power systems for agricultural applications worldwide

    SciTech Connect

    Cabraal, A.; Delasanta, D.; Rosen, J.; Nolfi, J.; Ulmer, R.

    1981-11-01

    This report integrates and extrapolates worldwide the results of the agricultural sector PV market assessments conducted in the Philippines, Nigeria, Mexico, Morocco, and Colombia. The types of applications evaluated are those requiring less than 15 kW of power and operate in a stand-alone mode. The study focused on the needs of low- and middle-income countries. The major conclusions derived from the studies were as follows: PV will be competitive in applications requiring 2 - 3 kW of power prior to 1983; by 1986 PV system competitiveness will extend to applications requiring 4 - 6 kW of power, due to capital constraints, the private sector market may be restricted to applications requiring less than about 2 kW of power; the ultimate purchase of larger systems will be governments, either through direct purchase or loans from development banks. Though fragmented, significant agriculture sector market for PV exists; however the market for PV in telecommunications, signalling, rural services, and TV will be larger. Major market-related factors influencing the potential for US PV sales are: lack of awareness; high first costs; shortage of long-term capital; competition from German, French and Japanese companies who have their governments support; and low fuel prices in capital surplus countries. Strategies that may aid in overcoming some of these problems are: setting up of a trade association aimed at overcoming problems due to lack of awareness, innovative financing schemes such as lease arrangements, and designing products to match current user needs as opposed to attempting to change consumer behavior.

  20. 18 CFR 284.505 - Market-based rates for storage providers without a market-power determination.

    Code of Federal Regulations, 2010 CFR

    2010-04-01

    ... 18 Conservation of Power and Water Resources 1 2010-04-01 2010-04-01 false Market-based rates for storage providers without a market-power determination. 284.505 Section 284.505 Conservation of Power and Water Resources FEDERAL ENERGY REGULATORY COMMISSION, DEPARTMENT OF ENERGY OTHER REGULATIONS UNDER THE NATURAL GAS POLICY ACT OF 1978...

  1. 18 CFR 284.505 - Market-based rates for storage providers without a market-power determination.

    Code of Federal Regulations, 2012 CFR

    2012-04-01

    ... 18 Conservation of Power and Water Resources 1 2012-04-01 2012-04-01 false Market-based rates for storage providers without a market-power determination. 284.505 Section 284.505 Conservation of Power and Water Resources FEDERAL ENERGY REGULATORY COMMISSION, DEPARTMENT OF ENERGY OTHER REGULATIONS UNDER THE NATURAL GAS POLICY ACT OF 1978...

  2. Essays on microgrids, asymmetric pricing and market power in electricity markets

    NASA Astrophysics Data System (ADS)

    Lo Prete, Chiara

    This dissertation presents four studies of the electricity industry. The first and second essays use economic-engineering models to assess different aspects of microgrid penetration in regional electricity markets, while the last two studies contain empirical analyses aimed at evaluating the performance of wholesale electricity markets. Chapter 2 develops a framework to quantify economic, environmental, efficiency and reliability impacts of different power production scenarios in a regional system, focusing on the interaction of microgrids with the existing transmission and distribution grid. The setting is the regional network formed by Belgium, France, Germany and the Netherlands. The study presents simulations of power market outcomes under various policies and levels of microgrid penetration, and evaluates them using a diverse set of metrics. Chapter 3 studies the interaction between a microgrid and a regulated electric utility in a regional electricity market. I consider the interaction among the utility, the microgrid developer and consumers in the framework of cooperative game theory (assuming exchangeable utility), and use regional market models to simulate scenarios in which microgrid introduction may or may not be socially beneficial. Under the assumptions of this chapter, customer participation is essential to the development of socially beneficial microgrids, while the utility has little or no gain from it. Discussed incentives to avoid that utilities block microgrid entry include additional revenue drivers related to microgrid connection, decoupling and performance-based mechanisms targeted at service quality. When prices are below marginal costs of utility provided power, microgrid development may be socially beneficial, but unprofitable for microgrid customers and its developer. By imposing lower charges and higher remuneration for its services, the regulator could ensure that microgrid value is positive, without adversely impacting the utility

  3. Organization of bulk power markets: A concept paper

    SciTech Connect

    Kahn, E.; Stoft, S.

    1995-12-01

    The electricity industry in the US today is at a crossroads. The restructuring debate going on in most regions has made it clear that the traditional model of vertically integrated firms serving defined franchise areas and regulated by state commissions may not be the pattern for the future. The demands of large customers seeking direct access to power markets, the entry of new participants, and proposed reforms of the regulatory process all signify a momentum for fundamental change in the organization of the industry. This paper addresses electricity restructuring from the perspective of bulk power markets. The authors focus attention on the organization of electricity trade and the various ways it has been and might be conducted. Their approach concentrates on conceptual models and empirical case studies, not on specific proposals made by particular utilities or commissions. They review literature in economics and power system engineering that is relevant to the major questions. The objective is to provide conceptual background to industry participants, e.g. utility staff, regulatory staff, new entrants, who are working on specific proposals. While they formulate many questions, they do not provide definitive answers on most issues. They attempt to put the industry restructuring dialogue in a neutral setting, translating the language of economists for engineers and vice versa. Towards this end they begin with a review of the basic economic institutions in the US bulk power markets and a summary of the engineering practices that dominate trade today.

  4. Credit Risk Evaluation of Power Market Players with Random Forest

    NASA Astrophysics Data System (ADS)

    Umezawa, Yasushi; Mori, Hiroyuki

    A new method is proposed for credit risk evaluation in a power market. The credit risk evaluation is to measure the bankruptcy risk of the company. The power system liberalization results in new environment that puts emphasis on the profit maximization and the risk minimization. There is a high probability that the electricity transaction causes a risk between companies. So, power market players are concerned with the risk minimization. As a management strategy, a risk index is requested to evaluate the worth of the business partner. This paper proposes a new method for evaluating the credit risk with Random Forest (RF) that makes ensemble learning for the decision tree. RF is one of efficient data mining technique in clustering data and extracting relationship between input and output data. In addition, the method of generating pseudo-measurements is proposed to improve the performance of RF. The proposed method is successfully applied to real financial data of energy utilities in the power market. A comparison is made between the proposed and the conventional methods.

  5. Green Power Marketing in the United States. A Status Report (2009 Data)

    SciTech Connect

    Bird, Lori; Sumner, Jenny

    2010-09-01

    This report documents green power marketing activities and trends in the United States. First, aggregate green power sales data for all voluntary purchase markets across the United States are presented. Next, we summarize data on utility green pricing programs offered in regulated electricity markets; green power marketing activity in competitive electricity markets, as well as green power sold to voluntary purchasers in the form of RECs; and renewable energy sold as greenhouse gas offsets in the United States. Finally, this is followed by a discussion of key market trends and issues. The data presented in this report are based primarily on figures provided to NREL by utilities and independent renewable energy marketers.

  6. Green Power Marketing in the United States: A Status Report (2009 Data)

    SciTech Connect

    Bird, L.; Sumner, J.

    2010-09-01

    This report documents green power marketing activities and trends in the United States. First, aggregate green power sales data for all voluntary purchase markets across the United States are presented. Next, we summarize data on utility green pricing programs offered in regulated electricity markets; green power marketing activity in competitive electricity markets, as well as green power sold to voluntary purchasers in the form of RECs; and renewable energy sold as greenhouse gas offsets in the United States. Finally, this is followed by a discussion of key market trends and issues. The data presented in this report are based primarily on figures provided to NREL by utilities and independent renewable energy marketers.

  7. Market Evolution: Wholesale Electricity Market Design for 21st Century Power Systems

    SciTech Connect

    Cochran, Jaquelin; Miller, Mackay; Milligan, Michael; Ela, Erik; Arent, Douglas; Bloom, Aaron; Futch, Matthew; Kiviluoma, Juha; Holtinnen, Hannele; Orths, Antje; Gomez-Lazaro, Emilio; Martin-Martinez, Sergio; Kukoda, S.; Garcia, Glycon; Mikkelsen, Kim M.; Yongqiang, Zhao; Sandholt, Kaare

    2013-10-01

    Demand for affordable, reliable, domestically sourced, and low-carbon electricity is on the rise. This growing demand is driven in part by evolving public policy priorities, especially reducing the health and environmental impacts of electricity service and expanding energy access to under-served customers. Consequently, variable renewable energy resources comprise an increasing share ofelectricity generation globally. At the same time, new opportunities for addressing the variability of renewables are being strengthened through advances in smart grids, communications, and technologies that enable dispatchable demand response and distributed generation to extend to the mass market. A key challenge of merging these opportunities is market design -- determining how to createincentives and compensate providers justly for attributes and performance that ensure a reliable and secure grid -- in a context that fully realizes the potential of a broad array of sources of flexibility in both the wholesale power and retail markets. This report reviews the suite of wholesale power market designs in use and under consideration to ensure adequacy, security, and flexibilityin a landscape of significant variable renewable energy. It also examines considerations needed to ensure that wholesale market designs are inclusive of emerging technologies, such as demand response, distributed generation, and storage.

  8. A folklorist's guide to the used power plant market

    SciTech Connect

    Kahn, E.P.

    1999-07-01

    This paper shows how complex the valuation process can be for the market in used power plants. The author has not attempted to enumerate all possible factors that could enter into the prices observed. Factors such as the vintage of plants, their operational flexibility, and environmental costs associated with operation all may play a role. The author argues that there is a set of puzzles here that have not yet been adequately sorted out. In sum, the market for used power plants should stimulate further thinking about electricity restructuring. The many surprises that have occurred to date are not yet adequately explained by theory. It is still too early to answer the big questions that the data raise.

  9. An Integrated Design approach to Power Systems: from Power Flows to Electricity Markets

    NASA Astrophysics Data System (ADS)

    Bose, Subhonmesh

    Power system is at the brink of change. Engineering needs, economic forces and environmental factors are the main drivers of this change. The vision is to build a smart electrical grid and a smarter market mechanism around it to fulfill mandates on clean energy. Looking at engineering and economic issues in isolation is no longer an option today; it needs an integrated design approach. In this thesis, I shall revisit some of the classical questions on the engineering operation of power systems that deals with the nonconvexity of power flow equations. Then I shall explore some issues of the interaction of these power flow equations on the electricity markets to address the fundamental issue of market power in a deregulated market environment. Finally, motivated by the emergence of new storage technologies, I present an interesting result on the investment decision problem of placing storage over a power network. The goal of this study is to demonstrate that modern optimization and game theory can provide unique insights into this complex system. Some of the ideas carry over to applications beyond power systems.

  10. Combined Heat and Power Market Potential for Opportunity Fuels

    SciTech Connect

    Jones, David; Lemar, Paul

    2015-12-01

    This report estimates the potential for opportunity fuel combined heat and power (CHP) applications in the United States, and provides estimates for the technical and economic market potential compared to those included in an earlier report. An opportunity fuel is any type of fuel that is not widely used when compared to traditional fossil fuels. Opportunity fuels primarily consist of biomass fuels, industrial waste products and fossil fuel derivatives. These fuels have the potential to be an economically viable source of power generation in various CHP applications.

  11. RPS Market Analysis Based on Reinforcement Learning in Power Systems

    NASA Astrophysics Data System (ADS)

    Sugano, Takanori; Kita, Hiroyuki; Tanaka, Eiichi; Hasegawa, Jun

    Deregulation and restructuring of electric power supply business are proceeding all over the world. In many cases, a competitive environment is introduced, where a market to transact electric power is established, and various attempts are done to decrease the price. On the other hand, environmental problems are pointed out in recent years. However, there is a possibility of the environmental deterioration by cost reduction of electric power. In this paper, the RPS (Renewable Portfolio Standard) system is taken up as the solution method of environmental problem under the deregulation of electric power supply business. A RPS model is created by multi-agent theory, where Q-learning is used as a decision-making technique of agent. By using this model, the RPS system is verified for its effectiveness and influence.

  12. Market power in the United States red meatpacking industry.

    PubMed

    Koontz, Stephen R

    2003-07-01

    The basic question asked in the beginning of this article was whether the evidence from research is persuasive enough to conclude that competition in the meatpacking industry is deficient. The literature review led to the conclusion that the answer is no. Research varies widely in terms of data and methodologic approaches. The research, however, clearly finds evidence of market power. Many SCP studies indicated the existence and exercise of market power, but the failure of the paradigm makes definitive conclusions dangerous. The NEIO studies showed a persistent gap between the price of livestock and marginal costs but the studies did not incorporate sufficient detail to prove specific behavior. Azzam and Anderson [4] conducted an extensive review of competition in meatpacking. In their summary, they offered criticisms of the SCP approach and the conduct parameter approach. These investigators concluded that the body of empiric evidence was insufficient to persuasively argue that the meatpacking industry was not competitive. Sexton [69] discussed more recent critiques of the conduct parameter appraoch. Despite its weaknesses, he concluded that market power estimates in meatpacking are modest but that structural changes on balance are beneficial, from an efficiency viewpoint. Examining the evidence either by data aggregation, methodology, or time period results in little difference in the qualitative interpretation. The research community has done what Nicholls [2] said was needed. The need remains relevant. The research leaves us with a clear picture and nagging questions. Azzam and Anderson [4] recommended that further research focus on the process of competition or the rivalrous interaction between competitors, and on competitors' strategies for responding to technologic and market forces, as the business history of the industry suggests. Specifically, they recommended two approaches. First, to develop empiric pricing models for short-term monitoring. Such models

  13. 77 FR 11515 - Application to Export Electric Energy; NRG Power Marketing LLC

    Federal Register 2010, 2011, 2012, 2013, 2014

    2012-02-27

    ... Application to Export Electric Energy; NRG Power Marketing LLC AGENCY: Office of Electricity Delivery and Energy Reliability, DOE. ] ACTION: Notice of application. SUMMARY: NRG Power Marketing LLC (NRGPML) has... would be surplus energy purchased from electric utilities and Federal power marketing agencies...

  14. 75 FR 80482 - Application To Export Electric Energy; TransCanada Power Marketing Ltd.

    Federal Register 2010, 2011, 2012, 2013, 2014

    2010-12-22

    ... Application To Export Electric Energy; TransCanada Power Marketing Ltd. AGENCY: Office of Electricity Delivery and Energy Reliability, DOE. ACTION: Notice of Application. SUMMARY: TransCanada Power Marketing Ltd... electric utilities, Federal power marketing agencies, and other entities within the United States....

  15. 75 FR 75994 - Application To Export Electric Energy; NRG Power Marketing LLC

    Federal Register 2010, 2011, 2012, 2013, 2014

    2010-12-07

    ... Application To Export Electric Energy; NRG Power Marketing LLC AGENCY: Office of Electricity Delivery and Energy Reliability, DOE. ACTION: Notice of application. SUMMARY: NRG Power Marketing LLC (NRGPML) has..., Federal power marketing agencies, and other entities within the United States. The existing...

  16. 76 FR 19069 - Application to Export Electric Energy; Cargill Power Markets, LLC

    Federal Register 2010, 2011, 2012, 2013, 2014

    2011-04-06

    ... Application to Export Electric Energy; Cargill Power Markets, LLC AGENCY: Office of Electricity Delivery and Energy Reliability, DOE. ACTION: Notice of application. SUMMARY: Cargill Power Markets, LLC (CPM) has... directly with Eugene J. Becker, Vice President, Cargill Power Markets, LLC, 9350 Excelsior Blvd., MS...

  17. Impacts of Western Area Power Administration`s power marketing alternatives on electric utility systems

    SciTech Connect

    Veselka, T.D.; Portante, E.C.; Koritarov, V.

    1995-03-01

    This technical memorandum estimates the effects of alternative contractual commitments that may be initiated by the Western Area Power Administration`s Salt Lake City Area Office. It also studies hydropower operational restrictions at the Salt Lake City Area Integrated Projects in combination with these alternatives. Power marketing and hydropower operational effects are estimated in support of Western`s Electric Power Marketing Environmental Impact Statement (EIS). Electricity production and capacity expansion for utility systems that will be directly affected by alternatives specified in the EIS are simulated. Cost estimates are presented by utility type and for various activities such as capacity expansion, generation, long-term firm purchases and sales, fixed operation and maintenance expenses, and spot market activities. Operational changes at hydropower facilities are also investigated.

  18. Electric power competition & the economic doctrine of contestable markets

    SciTech Connect

    Owan, R.E.

    1995-06-01

    This paper addresses electric power competition and ascribes a prototypical market structure for the utility industry. The advent of {open_quotes}limited{close_quotes} competition in the electric utility industry has created interesting market challenges for incumbent companies and those eager to enter the fray. Competition is viewed as limited in the sense that not all aspects of the utility industry have been deregulated. While transmission and distribution remain protected market segments, the metamorphosis is most evident in the generation component of the utility industry. The changes have been orchestrated by favorable actions by the Federal Energy Regulatory Commission (FERC) and Public Utilities Regulatory Policies Act (PURPA). Because of the industry changes, the classical view of the electric utility company as a vertical monopoly is arguable. Welfare considerations not withstanding, part of the rationale for the deregulation of power generation is that the technology and techniques are sufficiently common (i.e. not proprietary) as to allow others to provide the same product or service at competitive prices.

  19. International wind power market: The US/ECRE

    SciTech Connect

    Lilley, A.

    1995-12-31

    Today, wind power is in its infancy, comprising less than .1% of the world`s total energy mix. However, the world installed base of wind turbines doubled in the period 1989 to 1994, from 1.7 GW to over 3.6 GW. More than 85% of this growth occurred outside the US. In a study commissioned by AWEA for the period 1994 to 2000, market growth in 10 target countries is projected to be from 2 GW to 3.5 GW. The World Energy Council projects a total installed base of nearly 10 GW by the year 2000. Much of this growth is expected to come in developing countries. Driven by market related factors, the US industry has recently turned its attention to the international arena. AWEA, US/ECRE, and their partners in government can play a critical supporting role to industry as they make the transition from a domestically focused industry to one that is globally focused.

  20. 76 FR 36914 - Astoria Generating Company, L.P., NRG Power Marketing LLC, Arthur Kill Power LLC, Astoria Gas...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2011-06-23

    ... From the Federal Register Online via the Government Publishing Office DEPARTMENT OF ENERGY Federal Energy Regulatory Commission Astoria Generating Company, L.P., NRG Power Marketing LLC, Arthur Kill Power LLC, Astoria Gas Turbine Power LLC, Dunkirk Power LLC, Huntley Power LLC, Oswego Harbor Power LLC, TC Ravenswood, LLC, v. New York...

  1. 76 FR 36910 - Astoria Generating Company, L.P., NRG Power Marketing LLC, Arthur Kill Power LLC, Astoria Gas...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2011-06-23

    ... From the Federal Register Online via the Government Publishing Office DEPARTMENT OF ENERGY Federal Energy Regulatory Commission Astoria Generating Company, L.P., NRG Power Marketing LLC, Arthur Kill Power LLC, Astoria Gas Turbine Power LLC, Dunkirk Power LLC, Huntley Power LLC, Oswego Harbor Power LLC, TC Ravenswood, LLC. v. New York...

  2. 76 FR 34692 - Astoria Generating Company, L.P., NRG Power Marketing LLC, Arthur Kill Power LLC, Astoria Gas...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2011-06-14

    ... From the Federal Register Online via the Government Publishing Office DEPARTMENT OF ENERGY Federal Energy Regulatory Commission Astoria Generating Company, L.P., NRG Power Marketing LLC, Arthur Kill Power LLC, Astoria Gas Turbine Power LLC, Dunkirk Power LLC, Huntley Power LLC, Oswego Harbor Power LLC, TC Ravenswood, LLC; v. New York...

  3. Appendix M: GPRA05 estimate of penetration of generating technologies into Green Power Markets

    SciTech Connect

    None, None

    2009-01-18

    The Green Power Market Model (GPMM or the model) identifies and analyzes the potential electric-generating capacity additions that will result from “green power” programs, which are not captured in the “least-cost” analyses performed by the National Energy Modeling System (NEMS). The model projects green power-capacity additions through both green power marketing programs in deregulated markets, and utility green pricing programs in regulated markets.

  4. Lithium Battery Power Delivers Electric Vehicles to Market

    NASA Technical Reports Server (NTRS)

    2008-01-01

    Hybrid Technologies Inc., a manufacturer and marketer of lithium-ion battery electric vehicles, based in Las Vegas, Nevada, and with research and manufacturing facilities in Mooresville, North Carolina, entered into a Space Act Agreement with Kennedy Space Center to determine the utility of lithium-powered fleet vehicles. NASA contributed engineering expertise for the car's advanced battery management system and tested a fleet of zero-emission vehicles on the Kennedy campus. Hybrid Technologies now offers a series of purpose-built lithium electric vehicles dubbed the LiV series, aimed at the urban and commuter environments.

  5. A market survey of geothermal wellhead power generation systems

    NASA Technical Reports Server (NTRS)

    Leeds, M. W.

    1978-01-01

    The market potential for a portable geothermal wellhead power conversion device is assessed. Major study objectives included identifying the most promising applications for such a system, the potential impediments confronting their industrialization, and the various government actions needed to overcome these impediments. The heart of the study was a series of structured interviews with key decision-making individual in the various disciplines of the geothermal community. In addition, some technical and economic analyses of a candidate system were performed to support the feasibility of the basic concept.

  6. 18 CFR 284.504 - Standard requirements for market-power authorizations.

    Code of Federal Regulations, 2010 CFR

    2010-04-01

    ... 18 Conservation of Power and Water Resources 1 2010-04-01 2010-04-01 false Standard requirements for market-power authorizations. 284.504 Section 284.504 Conservation of Power and Water Resources....504 Standard requirements for market-power authorizations. (a) Applicants granted the authority...

  7. 18 CFR 284.504 - Standard requirements for market-power authorizations.

    Code of Federal Regulations, 2011 CFR

    2011-04-01

    ... 18 Conservation of Power and Water Resources 1 2011-04-01 2011-04-01 false Standard requirements for market-power authorizations. 284.504 Section 284.504 Conservation of Power and Water Resources....504 Standard requirements for market-power authorizations. (a) Applicants granted the authority...

  8. 33 CFR 209.141 - Coordination of hydroelectric power operations with power marketing agencies.

    Code of Federal Regulations, 2011 CFR

    2011-07-01

    ... civil works field operating agencies (FOA) having generating facilities producing marketable electric.... 534, 78th Congress), provides that electric power and energy generated at reservoir projects under the... coordinating the exchange of information may be delegated to the District Engineer at the discretion of...

  9. 33 CFR 209.141 - Coordination of hydroelectric power operations with power marketing agencies.

    Code of Federal Regulations, 2014 CFR

    2014-07-01

    ... civil works field operating agencies (FOA) having generating facilities producing marketable electric.... 534, 78th Congress), provides that electric power and energy generated at reservoir projects under the... coordinating the exchange of information may be delegated to the District Engineer at the discretion of...

  10. 33 CFR 209.141 - Coordination of hydroelectric power operations with power marketing agencies.

    Code of Federal Regulations, 2012 CFR

    2012-07-01

    ... civil works field operating agencies (FOA) having generating facilities producing marketable electric.... 534, 78th Congress), provides that electric power and energy generated at reservoir projects under the... coordinating the exchange of information may be delegated to the District Engineer at the discretion of...

  11. 33 CFR 209.141 - Coordination of hydroelectric power operations with power marketing agencies.

    Code of Federal Regulations, 2013 CFR

    2013-07-01

    ... civil works field operating agencies (FOA) having generating facilities producing marketable electric.... 534, 78th Congress), provides that electric power and energy generated at reservoir projects under the... coordinating the exchange of information may be delegated to the District Engineer at the discretion of...

  12. Status and Trends in the U.S. Voluntary Green Power Market (2012 Data)

    SciTech Connect

    Heeter, J.; Nicholas, T.

    2013-10-01

    Voluntary green power markets are those in which consumers and institutions voluntarily purchase renewable energy to match their electricity needs. Voluntary action provides a revenue stream for renewable energy projects and raises consumer awareness of the benefits of renewable energy. These markets continued to exhibit growth and stimulate renewable energy development in 2012. This paper reviews the voluntary market and identifies market trends.

  13. 76 FR 64083 - Loveland Area Projects-2025 Power Marketing Initiative Proposal

    Federal Register 2010, 2011, 2012, 2013, 2014

    2011-10-17

    ... Register (51 FR 4012, January 31, 1986) and provided the marketing plan principles used to market what is...) Final Rule published in the Federal Register (60 FR 54151, October 20, 1995), Subpart C extended and... Area Power Administration Loveland Area Projects--2025 Power Marketing Initiative Proposal...

  14. Cournot games with network effects for electric power markets

    NASA Astrophysics Data System (ADS)

    Spezia, Carl John

    The electric utility industry is moving from regulated monopolies with protected service areas to an open market with many wholesale suppliers competing for consumer load. This market is typically modeled by a Cournot game oligopoly where suppliers compete by selecting profit maximizing quantities. The classical Cournot model can produce multiple solutions when the problem includes typical power system constraints. This work presents a mathematical programming formulation of oligopoly that produces unique solutions when constraints limit the supplier outputs. The formulation casts the game as a supply maximization problem with power system physical limits and supplier incremental profit functions as constraints. The formulation gives Cournot solutions identical to other commonly used algorithms when suppliers operate within the constraints. Numerical examples demonstrate the feasibility of the theory. The results show that the maximization formulation will give system operators more transmission capacity when compared to the actions of suppliers in a classical constrained Cournot game. The results also show that the profitability of suppliers in constrained networks depends on their location relative to the consumers' load concentration.

  15. 76 FR 19355 - Notice of Staff Attendance at Southwest Power Pool Markets Operations Policy Committee Meeting

    Federal Register 2010, 2011, 2012, 2013, 2014

    2011-04-07

    ... more information, contact Patrick Clarey, Office of Energy Market Regulation, Federal Energy Regulatory... From the Federal Register Online via the Government Publishing Office DEPARTMENT OF ENERGY Federal Energy Regulatory Commission Notice of Staff Attendance at Southwest Power Pool Markets Operations...

  16. The strategic targeting of females by transnational tobacco companies in South Korea following trade liberalisation

    PubMed Central

    Lee, Kelley; Carpenter, Carrie; Challa, Chaitanya; Lee, Sungkyu; Connolly, Gregory N; Koh, Howard K

    2009-01-01

    Background In 1988 South Korea opened its cigarette market to foreign companies under the threat of US trade sanctions. Despite strong social stigma against female smoking in South Korea, and restrictions on tobacco marketing to women and children, smoking rates among young Korean females increased from 1.6% in 1988 to 13% in 1998. Previous analyses describe how Asian countries have been targeted by transnational tobacco companies for new markets, with Asian females offering substantial future growth potential. An understanding of the strategies used by TTCs to increase smoking among Korean females is critical to public health efforts to adopt a stronger gender perspective in implementing the Framework Convention on Tobacco Control. Methods Internal documents of transnational tobacco corporations were systematically searched using keywords focused on the targeting of the female market since market liberalisation in 1988. Industry documents were analysed alongside primary and secondary data on the tobacco industry in South Korea. Results TTCs have targeted Korean females since the late 1980s, conducting market research to understand consumer preferences, cultural characteristics and social changes affecting women and girls. Brands designed to appeal to females have focused on "slim" and "superslim" cigarettes, "light" and "mild" claims, and marketing which appeals to the growing numbers of young women entering the labour force. Strategies for overcoming legal restrictions on marketing to women and children have included the use of company rather than brand names, retail distribution at venues frequented by females, trademark diversification and sponsorship. Conclusion Given the high male smoking rates in South Korea, tobacco control efforts have given limited attention to girls and women. The limited data available on female smoking behaviour suggests that, despite legal restrictions and social stigma, smoking among females has increased since market opening

  17. Exponential and power laws in public procurement markets

    NASA Astrophysics Data System (ADS)

    Kristoufek, Ladislav; Skuhrovec, Jiri

    2012-07-01

    We analyze for the first time a unique public procurement database, which includes information about a number of bidders for a contract, a final price, an identification of a winner and an identification of a contracting authority for each of more than 40000 public procurements in the Czech Republic between 2006 and 2011, focusing on the distributional properties of the variables of interest. We uncover several scaling laws —the exponential law for the number of bidders, and the power laws for the total revenues and total spendings of the participating companies, which even follows Zipf's law for the 100 most spending institutions. We propose an analogy between extensive and non-extensive systems in physics and the public procurement market situations. Through an entropy maximization, such analogy yields some interesting results and policy implications with respect to the Maxwell-Boltzmann and Pareto distributions in the analyzed quantities.

  18. Impacts of Western Area Power Administration`s power marketing alternatives on air quality and noise

    SciTech Connect

    Chun, K.C.; Chang, Y.S.; Rabchuk, J.A.

    1995-05-01

    The Western Area Power Administration, which is responsible for marketing electricity produced at the hydroelectric power-generating facilities operated by the Bureau of Reclamation on the Upper Colorado River, has proposed changes in the levels of its commitment (sales) of long-term firm capacity and energy to its customers. This report describes (1) the existing conditions of air resources (climate and meteorology, ambient air quality, and acoustic environment) of the region potentially affected by the proposed action and (2) the methodology used and the results of analyses conducted to assess the potential impacts on air resources of the proposed action and the commitment-level alternatives. Analyses were performed for the potential impacts of both commitment-level alternatives and supply options, which include combinations of electric power purchases and different operational scenarios of the hydroelectric power-generating facilities.

  19. Analysis of an Agent-based Electricity Market Model with Renewable Energy Power Plants by Wind and Solar Power

    NASA Astrophysics Data System (ADS)

    Iwagami, Akio; Suzuki, Hideyuki; Aihara, Kazuyuki

    In recent years, electricity markets were organized in many developed countries in the deregulation process of electric power industries. There have been many studies on electricity markets from the viewpoints of economics, mathematics, computer science, etc. Especially, agent-based models of electricity markets have been extensively studied. Meanwhile, many countries promote use of renewable energy for electricity generation. In this paper, we construct and analyze an agent-based model of electricity markets in which wind and photovoltaic power generation firms are introduced. Our results suggest that wind power generation needs to be improved in efficiency to survive in the market, and that bid prices of photovoltaic power generation are rather affected by change of the insolation amount than by change of the total demand.

  20. 78 FR 40474 - Sustaining Power Solutions LLC; Supplemental Notice That Initial Market-Based Rate Filing...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2013-07-05

    ... From the Federal Register Online via the Government Publishing Office DEPARTMENT OF ENERGY Federal Energy Regulatory Commission Sustaining Power Solutions LLC; Supplemental Notice That Initial Market... in the above-referenced proceeding, of Sustaining Power Solutions LLC's application for...

  1. 75 FR 53688 - Constellation Mystic Power, LLC; Supplemental Notice That Initial Market-Based Rate Filing...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2010-09-01

    ... From the Federal Register Online via the Government Publishing Office DEPARTMENT OF ENERGY Federal Energy Regulatory Commission Constellation Mystic Power, LLC; Supplemental Notice That Initial Market... supplemental notice in the above-referenced proceeding of Constellation Mystic Power, LLC's application...

  2. 76 FR 56428 - Southern Cross Transmission LLC; Pattern Power Marketing LLC; Notice of Filing

    Federal Register 2010, 2011, 2012, 2013, 2014

    2011-09-13

    ... From the Federal Register Online via the Government Publishing Office DEPARTMENT OF ENERGY Federal Energy Regulatory Commission Southern Cross Transmission LLC; Pattern Power Marketing LLC; Notice of..., Southern Cross Transmission, LLC (SCT) and Pattern Power Marketing LLC (PPM) jointly filed an...

  3. 76 FR 81487 - Application of the Energy Planning and Management Program Power Marketing Initiative to the...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2011-12-28

    ... Area Power Administration Application of the Energy Planning and Management Program Power Marketing...-2017 marketing efforts, the Energy Management and Planning Program (Program), and the Conformed General...) published in the Federal Register on December 28, ] 1984 (49 FR 50582), are available at...

  4. 18 CFR 348.1 - Content of application for a market power determination.

    Code of Federal Regulations, 2013 CFR

    2013-04-01

    ... OIL PIPELINE APPLICATIONS FOR MARKET POWER DETERMINATIONS § 348.1 Content of application for a market power determination. (a) If, under § 342.4(b) of this chapter, a carrier seeks to establish that it... position and the information required by paragraph (c) of this section. (b) The carrier's statement...

  5. 18 CFR 348.1 - Content of application for a market power determination.

    Code of Federal Regulations, 2014 CFR

    2014-04-01

    ... OIL PIPELINE APPLICATIONS FOR MARKET POWER DETERMINATIONS § 348.1 Content of application for a market power determination. (a) If, under § 342.4(b) of this chapter, a carrier seeks to establish that it... position and the information required by paragraph (c) of this section. (b) The carrier's statement...

  6. 18 CFR 348.1 - Content of application for a market power determination.

    Code of Federal Regulations, 2012 CFR

    2012-04-01

    ... OIL PIPELINE APPLICATIONS FOR MARKET POWER DETERMINATIONS § 348.1 Content of application for a market power determination. (a) If, under § 342.4(b) of this chapter, a carrier seeks to establish that it... position and the information required by paragraph (c) of this section. (b) The carrier's statement...

  7. Price dynamics and market power in an agent-based power exchange

    NASA Astrophysics Data System (ADS)

    Cincotti, Silvano; Guerci, Eric; Raberto, Marco

    2005-05-01

    This paper presents an agent-based model of a power exchange. Supply of electric power is provided by competing generating companies, whereas demand is assumed to be inelastic with respect to price and is constant over time. The transmission network topology is assumed to be a fully connected graph and no transmission constraints are taken into account. The price formation process follows a common scheme for real power exchanges: a clearing house mechanism with uniform price, i.e., with price set equal across all matched buyer-seller pairs. A single class of generating companies is considered, characterized by linear cost function for each technology. Generating companies compete for the sale of electricity through repeated rounds of the uniform auction and determine their supply functions according to production costs. However, an individual reinforcement learning algorithm characterizes generating companies behaviors in order to attain the expected maximum possible profit in each auction round. The paper investigates how the market competitive equilibrium is affected by market microstructure and production costs.

  8. Effective Ancillary Services Market Designs on High Wind Power Penetration Systems: Preprint

    SciTech Connect

    Ela, E.; Kirby, B.; Navid, N.; Smith, J. C.

    2011-12-01

    This paper focuses on how the ancillary service market designs are implemented and how they may require changes on systems with greater penetrations of variable renewable energy suppliers, in particular wind power. Ancillary services markets have been developed in many of the restructured power system regions throughout the world. Ancillary services include the services that support the provision of energy to support power system reliability. The ancillary services markets are tied tightly to the design of the energy market and to the physics of the system and therefore careful consideration of power system economics and engineering must be considered in their design. This paper focuses on how the ancillary service market designs are implemented and how they may require changes on systems with greater penetrations of variable renewable energy suppliers, in particular wind power.

  9. Does the singular value decomposition entropy have predictive power for stock market? - Evidence from the Shenzhen stock market

    NASA Astrophysics Data System (ADS)

    Gu, Rongbao; Xiong, Wei; Li, Xinjie

    2015-12-01

    This paper analyzes the predictive ability of the singular value decomposition entropy for the Shenzhen Component Index based on different scales. It is found that, the predictive ability of the entropy for the index is affected by the width of moving time windows and the structural break in stock market. By moving time windows with one year, the predictive power of singular value decomposition entropy of Shenzhen stock market for its component index is found after the reform of non-tradable shares.

  10. Bonneville Power Administration`s Commercial Sector Conservation Market.

    SciTech Connect

    Gordan, Frederick M.

    1992-11-10

    Bonneville has, as part of its resource plan, accepted targets for commercial conservation which are quite ambitious. To meet these targets, Bonneville will need to acquire as much cost-effective conservation as possible over the next twelve years. With this in mind, this document explores the relative importance of different commercial market segments and the types of assistance each market needs to install as many cost-effective conservation measures in as many buildings as possible. This document reviews Bonneville`s marketing environment and position, and suggests goals for commercial sector conservation marketing at Bonneville. Then it presents a broad market segmentation and series of additional demographic analyses. These analyses assess what groups of consumers Bonneville must reach to achieve most of the commercial conservation potential and what is needed to reach them. A final section reviews the success of Bonneville programs at reaching various markets. The market segmentation identifies different types of consumers and opportunities which would require distinct program approaches. Four large market segments are identified that have distinct program needs. Then four ``building life-cycle events`` are identified which provide important conservation opportunities and also require distinct program services. This creates a matrix of 16 cells which delineate distinct needs for program marketing. Each of the four key market segments manages at least 20% of the Region`s commercial floorspace.

  11. Interdependency Assessment of Coupled Natural Gas and Power Systems in Energy Market

    NASA Astrophysics Data System (ADS)

    Yang, Hongzhao; Qiu, Jing; Zhang, Sanhua; Lai, Mingyong; Dong, Zhao Yang

    2015-12-01

    Owing to the technological development of natural gas exploration and the increasing penetration of gas-fired power generation, gas and power systems inevitably interact with each other from both physical and economic points of view. In order to effectively assess the two systems' interdependency, this paper proposes a systematic modeling framework and constructs simulation platforms for coupled gas and power systems in an energy market environment. By applying the proposed approach to the Australian national electricity market (NEM) and gas market, the impacts of six types of market and system factors are quantitatively analyzed, including power transmission limits, gas pipeline contingencies, gas pipeline flow constraints, carbon emission constraints, power load variations, and non-electric gas load variations. The important interdependency and infrastructure weakness for the two systems are well studied and identified. Our work provides a quantitative basis for grid operators and policy makers to support and guide operation and investment decisions for electric power and natural gas industries.

  12. Status and Trends in the U.S. Voluntary Green Power Market (2013 Data)

    SciTech Connect

    Heeter, J.; Belyeu, K.; Kuskova-Burns, K.

    2014-11-01

    Voluntary green power markets are those in which consumers and institutions voluntarily purchase renewable energy to match their electricity needs. This report surveys utilities, competitive suppliers, renewable energy certificate (REC) marketers, and, for the first time, the community choice aggregation market. This report finds that the voluntary market totaled 62 million megawatt-hours in 2013. Approximately 5.4 million customers are purchasing green power. This report presents data and analysis on voluntary market sales and customer participation, products and premiums, green pricing marketing, and administrative expenses. The report also details trends in REC tracking systems, REC pricing in voluntary and compliance markets, community and crowd-funded solar, and interest in renewable energy by the information and communication technologies sector.

  13. Complexities at the intersection of tobacco control and trade liberalisation: evidence from Southeast Asia.

    PubMed

    Drope, Jeffrey; Chavez, Jenina Joy

    2015-06-01

    For more than two decades, public health scholars and proponents have demonstrated concern about the negative effects of trade liberalisation on tobacco control policies. However, there is little theoretically-guided, empirical research across time and space that evaluates this relationship. Accordingly, we use one major region that has experienced rapid and significant recent liberalisation, Southeast Asia, and examine key tobacco control-relevant outcomes between 1999 and 2012. While we find a modest increase in regional trade in tobacco products in some countries, the effects on tobacco affordability and consumption are very mixed with no clear link to liberalisation. We argue that widespread penetration of the region by transnational tobacco firms is likely mitigating the effects of trade liberalisation. Notably, tobacco control policies have also generally improved across the region, part of which is likely the result of successful regional and global efforts by civil society, governments and intergovernmental organisations. The results suggest that scholars and public health proponents should move the focus away from narrow economic aspects of liberalisation toward specific issues that are more likely to affect tobacco control, such as intellectual property rights protections and investor-state dispute settlement. PMID:24500267

  14. Green Power Marketing in the United States: A Status Report (2008 Data)

    SciTech Connect

    Bird, L.; Kreycik, C.; Friedman, B.

    2009-09-01

    Voluntary consumer decisions to buy electricity supplied from renewable energy sources represent a powerful market support mechanism for renewable energy development. In the early 1990s, a small number of U.S. utilities began offering 'green power' options to their customers. Since then, these products have become more prevalent, both from traditional utilities and from renewable energy marketers operating in states that have introduced competition into their retail electricity markets or offering renewable energy certificates (RECs) online. Today, more than half of all U.S. electricity customers have an option to purchase some type of green power product directly from a retail electricity provider, while all consumers have the option to purchase RECs. This report documents green power marketing activities and trends in the United States including utility green pricing programs offered in regulated electricity markets; green power marketing activity in competitive electricity markets, as well as green power sold to voluntary purchasers in the form of RECs; and renewable energy sold as greenhouse gas offsets in the United States. These sections are followed by a discussion of key market trends and issues. The final section offers conclusions and observations.

  15. Green Power Marketing in the United States. A Status Report (2008 Data)

    SciTech Connect

    Bird, Lori; Kreycik, Claire; Friedman, Barry

    2009-09-01

    Voluntary consumer decisions to buy electricity supplied from renewable energy sources represent a powerful market support mechanism for renewable energy development. In the early 1990s, a small number of U.S. utilities began offering 'green power' options to their customers. Since then, these products have become more prevalent, both from traditional utilities and from renewable energy marketers operating in states that have introduced competition into their retail electricity markets or offering renewable energy certificates (RECs) online. Today, more than half of all U.S. electricity customers have an option to purchase some type of green power product directly from a retail electricity provider, while all consumers have the option to purchase RECs. This report documents green power marketing activities and trends in the United States including utility green pricing programs offered in regulated electricity markets; green power marketing activity in competitive electricity markets, as well as green power sold to voluntary purchasers in the form of RECs; and renewable energy sold as greenhouse gas offsets in the United States. These sections are followed by a discussion of key market trends and issues. The final section offers conclusions and observations.

  16. Green Power Marketing in the United States: A Status Report (Eighth Edition)

    SciTech Connect

    Bird, L.; Swezey, B.

    2005-10-01

    Voluntary consumer decisions to purchase electricity supplied by renewable energy sources represent a powerful market support mechanism for renewable energy development. Beginning in the early 1990s, a small number of U.S. utilities began offering "green power" options to their customers. Since then, these products have become more prevalent, both from utilities and in states that have introduced competition into their retail electricity markets. Today, more than 50% of all U.S. consumers have an option to purchase some type of green power product from a retail electricity provider. This report provides an overview of green power marketing activity in the United States. The first section provides an overview of green power markets, consumer response, and recent industry trends. The second section provides brief descriptions of utility green pricing programs. The third section describes companies that actively market green power in competitive markets and those that market renewable energy certificates nationally or regionally. The final section provides information on a select number of large, nonresidential green power purchasers, including businesses, universities, and government agencies.

  17. Power market analysis and potential revenues of new transmission lines in a deregulated environment.

    SciTech Connect

    Koritarov, V. S.; Veselka, T. D.; Trouille, B.

    2002-05-15

    This paper describes an approach that was developed to analyze the market potential for power transactions via proposed transmission lines among the electric power utilities of Macedonia, Bulgaria, and Albania. The approach uses an integrated modeling framework consisting of several computer models that estimate the financial and economic benefits of constructing new transmission lines. The integrated model simulates open power markets under several scenarios that include cases with and without the proposed interconnections. The approach estimates power transactions among the three Balkan utility systems and the benefits of coordinated or joint system operations, including short-term power sales agreements.

  18. 76 FR 47180 - Pick-Sloan Missouri Basin Program-Eastern Division-2021 Power Marketing Initiative Proposal

    Federal Register 2010, 2011, 2012, 2013, 2014

    2011-08-04

    ..., throughout the Upper Great Plains Region. The proposed 2021 PMI (76 FR 12104) was published in the Federal... Area Power Administration Pick-Sloan Missouri Basin Program--Eastern Division--2021 Power Marketing... marketing agency of the Department of Energy (DOE) published the proposed 2021 Power Marketing...

  19. Trade liberalisation and tobacco control: moving from a policy of exclusion towards a more comprehensive policy

    PubMed Central

    McGrady, Benn

    2007-01-01

    Notwithstanding the fact that it has been 10 years since empirical confirmation that trade liberalisation may increase tobacco consumption, tobacco control policy with respect to trade liberalisation and related processes remains largely underdeveloped. The most commonly articulated policy, that tobacco be excluded from the scope of trade agreements, is problematic for a number of reasons and has not been widely implemented. In light of this fact and the potential role of the Framework Convention on Tobacco Control, further research and policy development are needed in the area. PMID:17652245

  20. Power and transmission-rate orders and related documents. Office of power marketing coordination: data compiled through December 1979

    SciTech Connect

    Not Available

    1981-07-01

    Prior to the establishment of the Department of Energy, power from Federal projects was marketed by five power marketing agencies under the Department of the Interior. These were the Alaska Power Administration (APA), the Bonneville Power Administration (BPA), the Southeastern Power Administration(SEPA), the Southwestern Power Administration (SWPA), and the United States Bureau of Reclamation(USBR). Under the ratemaking process, in effect prior to the establishment of DOE, the rates and charges for electric power by the then four power administrations were prepared by the individual Administrators subject to confirmation and approval by the FPC. The rates and charges for electric power marketed by the USBR, were subject to final approval of the Secretary of the Interior. In 1977 the Secretary of Energy authorized the Economic Regulatory Administration (ERA) to confirm and approve all Federal power rate adjustments proposed by the five power administrations, and in December 1978 the Secretary of Energy, signed Delegation Order No. 0204-33 which delegated to the Assistant Secretary for Resource Applications the authority to confirm, approve, and place in effect power and transmission rates on an interim basis and delegated to the FERC the authority to confirm and approve such rates on a final basis. The delegation order became effective January 1, 1979. This publication is a compilation of all rate orders issued by the Assistant Secretary for Resource Applications during Calendar Year 1979 under that delegation order. It also includes all final confirmations and approvals by the ERA and the FERC from October 1, 1977, through December 31, 1979. For ready reference, also included are all delegation orders and departmental orders relating to Federal power marketing.

  1. International and Domestic Market Opportunities for Biomass Power: Volumes I and II

    SciTech Connect

    Not Available

    1998-09-01

    This report examines the domestic and international markets for biopower. Domestic and foreign markets present fundamentally different challenges to private power developers. Volume I focuses on the domestic market for biopower. The domestic challenge lies in finding economically viable opportunities for biopower. Vol. I outlines the current state of the U.S. biomass industry, discusses policies affecting biomass development, describes some demonstration projects currently underway, and discusses the future direction of the industry. Volume II focuses on the international market for biopower. Recent literature states that the electricity investment and policy climate in foreign markets are the key elements in successful private project development. Vol. II discusses the financing issues, policy climate, and business incentives and barriers to biopower development. As India and China are the largest future markets for biopower, they are the focus of this volume. Three other top markets- -Brazil, Indonesia, and the Philippines--are also discussed. Potential financial resources wrap up the discussion.

  2. Marketing.

    ERIC Educational Resources Information Center

    Doyle, Peter

    1987-01-01

    Explores the role of marketing in the modern firm and the key tasks of marketing management. Defines the term "marketing" and discusses it as an economic concept. Discusses three key marketing principals. (RKM)

  3. The predictive power of zero intelligence in financial markets

    NASA Astrophysics Data System (ADS)

    Doyne Farmer, J.; Patelli, Paolo; Zovko, Ilija I.

    2005-02-01

    Standard models in economics stress the role of intelligent agents who maximize utility. However, there may be situations where constraints imposed by market institutions dominate strategic agent behavior. We use data from the London Stock Exchange to test a simple model in which minimally intelligent agents place orders to trade at random. The model treats the statistical mechanics of order placement, price formation, and the accumulation of revealed supply and demand within the context of the continuous double auction and yields simple laws relating order-arrival rates to statistical properties of the market. We test the validity of these laws in explaining cross-sectional variation for 11 stocks. The model explains 96% of the variance of the gap between the best buying and selling prices (the spread) and 76% of the variance of the price diffusion rate, with only one free parameter. We also study the market impact function, describing the response of quoted prices to the arrival of new orders. The nondimensional coordinates dictated by the model approximately collapse data from different stocks onto a single curve. This work is important from a practical point of view, because it demonstrates the existence of simple laws relating prices to order flows and, in a broader context, suggests there are circumstances where the strategic behavior of agents may be dominated by other considerations. double auction market | market microstructure | agent-based models

  4. The predictive power of Japanese candlestick charting in Chinese stock market

    NASA Astrophysics Data System (ADS)

    Chen, Shi; Bao, Si; Zhou, Yu

    2016-09-01

    This paper studies the predictive power of 4 popular pairs of two-day bullish and bearish Japanese candlestick patterns in Chinese stock market. Based on Morris' study, we give the quantitative details of definition of long candlestick, which is important in two-day candlestick pattern recognition but ignored by several previous researches, and we further give the quantitative definitions of these four pairs of two-day candlestick patterns. To test the predictive power of candlestick patterns on short-term price movement, we propose the definition of daily average return to alleviate the impact of correlation among stocks' overlap-time returns in statistical tests. To show the robustness of our result, two methods of trend definition are used for both the medium-market-value and large-market-value sample sets. We use Step-SPA test to correct for data snooping bias. Statistical results show that the predictive power differs from pattern to pattern, three of the eight patterns provide both short-term and relatively long-term prediction, another one pair only provide significant forecasting power within very short-term period, while the rest three patterns present contradictory results for different market value groups. For all the four pairs, the predictive power drops as predicting time increases, and forecasting power is stronger for stocks with medium market value than those with large market value.

  5. Nuclear Power: The Market Test. Worldwatch Paper 57.

    ERIC Educational Resources Information Center

    Flavin, Christopher

    Nuclear power was considered vital to humanity's future until just a short time ago. Since the late seventies, economic viability has joined a list of such issues as waste disposal and radiation hazards which call into question the future of nuclear power. This document discusses (in separate sections): (1) the selling of nuclear power, including…

  6. Market definition study of photovoltaic power for remote villages in the United States

    NASA Technical Reports Server (NTRS)

    Ragsdale, C.; Quashie, P.

    1980-01-01

    A grass roots evaluation of the market potential was carried out for photovoltaic applications in remote villages in the U. S. and its possessions. An estimate of almost 14 MWp available for conversion from a potential to a real market was defined. The total power potential was based on the energy needs of almost 400 sites reported by Federal agencies and inputs from over 100 Indian tribes. The methodology used, the results achieved, and some recommendations of how to convert this domestic market potential into a real market are detailed.

  7. Monopsony power and relative wages in the labor market for nurses.

    PubMed

    Hirsch, B T; Schumacher, E J

    1995-10-01

    This paper examines the thesis that monopsony power is an important determinant of wages in nursing labor markets. Using data from the 1985-93 Current Population Surveys, measures of relative nurse/non-nurse wage rates for 252 labor markets are constructed. Contrary to predictions from the monopsony model, no positive relationship exists between relative nursing wages and hospital density or market size. Nor is support found for the presence of monopsony power based on evidence on union wage premiums, slopes of experience profiles, or the mix of RN to total hospital employment. PMID:10153250

  8. Photovoltaic village power application: Assessment of the near-term market

    NASA Technical Reports Server (NTRS)

    Rosenblum, L.; Bifano, W. J.; Poley, W. A.; Scudder, L. R.

    1978-01-01

    The village power application represents a potential market for photovoltaics. The price of energy for photovoltaic systems was compared to that of utility line extensions and diesel generators. The potential domestic demand was defined in both the government and commercial sectors. The foreign demand and sources of funding for village power systems in the developing countries were also discussed briefly. It was concluded that a near term domestic market of at least 12 MW min and a foreign market of about 10 GW exists.

  9. Market definition study of photovoltaic power for remote villages in the United States

    SciTech Connect

    Ragsdale, C.

    1980-02-01

    A grass roots evaluation of the market potential for photovoltaic applications in remote villages in the US and its territories provides an estimate of almost 14 MWp available for conversion from a potential to a real market. This total power potential is based on the energy needs of almost 400 sites reported by federal agencies and inputs from over 100 Indian tribes. This potential consists of the following: US government agencies-3000 KWp; Indian villages-10,000 KWp; Alaskan villages-370 KWp; territories-500 KWp; and US commercial-negligible. The report details the methodology used, the results achieved, and some recommendations of how to convert this domestic market potential into a real market and its contribution to preparing for the really large village power market potential that exists in developing countries.

  10. Evaluation of wholesale electric power market rules and financial risk management by agent-based simulations

    NASA Astrophysics Data System (ADS)

    Yu, Nanpeng

    As U.S. regional electricity markets continue to refine their market structures, designs and rules of operation in various ways, two critical issues are emerging. First, although much experience has been gained and costly and valuable lessons have been learned, there is still a lack of a systematic platform for evaluation of the impact of a new market design from both engineering and economic points of view. Second, the transition from a monopoly paradigm characterized by a guaranteed rate of return to a competitive market created various unfamiliar financial risks for various market participants, especially for the Investor Owned Utilities (IOUs) and Independent Power Producers (IPPs). This dissertation uses agent-based simulation methods to tackle the market rules evaluation and financial risk management problems. The California energy crisis in 2000-01 showed what could happen to an electricity market if it did not go through a comprehensive and rigorous testing before its implementation. Due to the complexity of the market structure, strategic interaction between the participants, and the underlying physics, it is difficult to fully evaluate the implications of potential changes to market rules. This dissertation presents a flexible and integrative method to assess market designs through agent-based simulations. Realistic simulation scenarios on a 225-bus system are constructed for evaluation of the proposed PJM-like market power mitigation rules of the California electricity market. Simulation results show that in the absence of market power mitigation, generation company (GenCo) agents facilitated by Q-learning are able to exploit the market flaws and make significantly higher profits relative to the competitive benchmark. The incorporation of PJM-like local market power mitigation rules is shown to be effective in suppressing the exercise of market power. The importance of financial risk management is exemplified by the recent financial crisis. In this

  11. 78 FR 79444 - Loveland Area Projects-2025 Power Marketing Initiative

    Federal Register 2010, 2011, 2012, 2013, 2014

    2013-12-30

    ...) was published in the Federal Register (51 FR 4012, January 31, 1986) and provided the marketing plan... (EPAMP) final rule, published in the Federal Register (60 FR 54151, October 20, 1995), extended and... principles. Western published its proposed 2025 PMI in the Federal Register (76 FR 64083, October 17,...

  12. Solar Power Satellites: Creating the Market for Beamed Energy Propulsion

    SciTech Connect

    Coopersmith, Jonathan

    2010-05-06

    Beamed energy advocates must investigate the potential of major markets like space based solar satellites and space-based nuclear waste disposal. For BEP to succeed, its proponents must work with these possible users to generate interest and resources needed to develop BEP.

  13. Solar Power Satellites: Creating the Market for Beamed Energy Propulsion

    NASA Astrophysics Data System (ADS)

    Coopersmith, Jonathan

    2010-05-01

    Beamed energy advocates must investigate the potential of major markets like space based solar satellites and space-based nuclear waste disposal. For BEP to succeed, its proponents must work with these possible users to generate interest and resources needed to develop BEP.

  14. Status and Trends in the U.S. Voluntary Green Power Market (2014 Data)

    SciTech Connect

    O'Shaughnessy, Eric; Heeter, Jenny; Liu, Chang; Nobler, Erin

    2015-10-16

    NREL's annual report on green power markets summarizes status and trends in the voluntary demand for renewable energy. U.S. green power markets have become more complex over time as state-level policies have enabled more avenues for green power purchases. In recent years, community solar, community choice aggregation (CCA), and voluntary power purchase agreements (PPAs) have significantly increased the number of U.S. voluntary green power customers. The community solar model has grown rapidly with 90 projects in 25 states by 2015. Renewable energy sales in CCAs declined slightly in 2014 in response to less favorable economic conditions in Illinois. At the same time, several California CCAs continued to grow, and many more communities are planning to pursue green power through aggregation. Voluntary green power purchasing through bi-lateral PPAs took off in 2014 due to several large-scale agreements signed by information and communication technology firms. Traditional green power options, such as utility green pricing programs and voluntary RECs markets, also grew in 2014. Current trends suggest strong continued growth in U.S. voluntary green power markets.

  15. Coordination and decision making of regulation, operation, and market activities in power systems

    NASA Astrophysics Data System (ADS)

    Nakashima, Tomoaki

    Electric power has been traditionally supplied to customers at regulated rates by vertically integrated utilities (VIUs), which own generation, transmission, and distribution systems. However, the regulatory authorities of VIUs are promoting competition in their businesses to lower the price of electric energy. Consequently, in new deregulated circumstances, many suppliers and marketers compete in the generation market, and conflict of interest may often occur over transmission. Therefore, a neutral entity, called an independent system operator (ISO), which operates the power system independently, has been established to give market participants nondiscriminatory access to transmission sectors with a natural monopoly, and to facilitate competition in generation sectors. Several types of ISOs are established at present, with their respective regions and authorities. The ISO receives many requests from market participants to transfer power, and must evaluate the feasibility of their requests under the system's condition. In the near future, regulatory authorities may impose various objectives on the ISOs. Then, based on the regulators' policies, the ISO must determine the optimal schedules from feasible solutions, or change the market participants' requests. In a newly developed power market, market participants will conduct their transactions in order to maximize their profit. The most crucial information in conducting power transactions is price and demand. A direct transaction between suppliers and consumers may become attractive because of its stability of price, while in a power exchange market, gaming and speculation of participants may push up electricity prices considerably. To assist the consumers in making effective decisions, suitable methods for forecasting volatile market price are necessary. This research has been approached from three viewpoints: Firstly, from the system operator's point of view, desirable system operation and power market structure

  16. Secure provision of reactive power ancillary services in competitive electricity markets

    NASA Astrophysics Data System (ADS)

    El-Samahy, Ismael

    The research work presented in this thesis discusses various complex issues associated with reactive power management and pricing in the context of new operating paradigms in deregulated power systems, proposing appropriate policy solutions. An integrated two-level framework for reactive power management is set forth, which is both suitable for a competitive market and ensures a secure and reliable operation of the associated power system. The framework is generic in nature and can be adopted for any electricity market structure. The proposed hierarchical reactive power market structure comprises two stages: procurement of reactive power resources on a seasonal basis, and real-time reactive power dispatch. The main objective of the proposed framework is to provide appropriate reactive power support from service providers at least cost, while ensuring a secure operation of the power system. The proposed procurement procedure is based on a two-step optimization model. First, the marginal benefits of reactive power supply from each provider, with respect to system security, are obtained by solving a loadability-maximization problem subject to transmission security constraints imposed by voltage and thermal limits. Second, the selected set of generators is determined by solving an optimal power flow (OPF)-based auction. This auction maximizes a societal advantage function comprising generators' offers and their corresponding marginal benefits with respect to system security, and considering all transmission system constraints. The proposed procedure yields the selected set of generators and zonal price components, which would form the basis for seasonal contracts between the system operator and the selected reactive power service providers. The main objective of the proposed reactive power dispatch model is to minimize the total payment burden on the Independent System Operator (ISO), which is associated with reactive power dispatch. The real power generation is

  17. Geothermal Power and Interconnection: The Economics of Getting to Market

    SciTech Connect

    Hurlbut, D.

    2012-04-01

    This report provides a baseline description of the transmission issues affecting geothermal technologies. The report begins with a comprehensive overview of the grid, how it is planned, how it is used, and how it is paid for. The report then overlays onto this 'big picture' three types of geothermal technologies: conventional hydrothermal systems; emerging technologies such as enhanced engineered geothermal systems (EGS) and geopressured geothermal; and geothermal co-production with existing oil and gas wells. Each category of geothermal technology has its own set of interconnection issues, and these are examined separately for each. The report draws conclusions about each technology's market affinities as defined by factors related to transmission and distribution infrastructure. It finishes with an assessment of selected markets with known geothermal potential, identifying those that offer the best prospects for near-term commercial development and for demonstration projects.

  18. 77 FR 35671 - Conformed Power Marketing Criteria or Regulations for the Boulder Canyon Project

    Federal Register 2010, 2011, 2012, 2013, 2014

    2012-06-14

    ..., 1987. On December 28, 1984, Western published the 1984 Conformed Criteria (49 FR 50582) to implement... Federal Register (49 FR 50582) on December 28, 1984. These 2012 Conformed Criteria establish general... Area Power Administration Conformed Power Marketing Criteria or Regulations for the Boulder...

  19. Green Power Marketing in the United States: A Status Report (Ninth Edition)

    SciTech Connect

    Bird, L.; Swezey, B.

    2006-11-01

    Voluntary consumer decisions to purchase electricity supplied by renewable energy sources represent a powerful market support mechanism for renewable energy development. Beginning in the early 1990s, a small number of U.S. utilities began offering ''green power'' options to their customers. Since then, these products have become more prevalent, both from traditional utilities and from marketers operating in states that have introduced competition into their retail electricity markets. Today, more than half of all U.S. consumers have an option to purchase some type of green power product from a retail electricity provider. Currently, more than 600 utilities, or about 20% of utilities nationally, offer green power programs to customers. These programs allow customers to purchase some portion of their power supply as renewable energy--almost always at a higher price--or to contribute funds for the utility to invest in renewable energy development. The term ''green pricing'' is typically used to refer to these utility programs offered in regulated or noncompetitive electricity markets. This report documents green power marketing activities and trends in the United States.

  20. The predictive power of zero intelligence in financial markets

    PubMed Central

    Farmer, J. Doyne; Patelli, Paolo; Zovko, Ilija I.

    2005-01-01

    Standard models in economics stress the role of intelligent agents who maximize utility. However, there may be situations where constraints imposed by market institutions dominate strategic agent behavior. We use data from the London Stock Exchange to test a simple model in which minimally intelligent agents place orders to trade at random. The model treats the statistical mechanics of order placement, price formation, and the accumulation of revealed supply and demand within the context of the continuous double auction and yields simple laws relating order-arrival rates to statistical properties of the market. We test the validity of these laws in explaining cross-sectional variation for 11 stocks. The model explains 96% of the variance of the gap between the best buying and selling prices (the spread) and 76% of the variance of the price diffusion rate, with only one free parameter. We also study the market impact function, describing the response of quoted prices to the arrival of new orders. The nondimensional coordinates dictated by the model approximately collapse data from different stocks onto a single curve. This work is important from a practical point of view, because it demonstrates the existence of simple laws relating prices to order flows and, in a broader context, suggests there are circumstances where the strategic behavior of agents may be dominated by other considerations. PMID:15687505

  1. The predictive power of zero intelligence in financial markets.

    PubMed

    Farmer, J Doyne; Patelli, Paolo; Zovko, Ilija I

    2005-02-01

    Standard models in economics stress the role of intelligent agents who maximize utility. However, there may be situations where constraints imposed by market institutions dominate strategic agent behavior. We use data from the London Stock Exchange to test a simple model in which minimally intelligent agents place orders to trade at random. The model treats the statistical mechanics of order placement, price formation, and the accumulation of revealed supply and demand within the context of the continuous double auction and yields simple laws relating order-arrival rates to statistical properties of the market. We test the validity of these laws in explaining cross-sectional variation for 11 stocks. The model explains 96% of the variance of the gap between the best buying and selling prices (the spread) and 76% of the variance of the price diffusion rate, with only one free parameter. We also study the market impact function, describing the response of quoted prices to the arrival of new orders. The nondimensional coordinates dictated by the model approximately collapse data from different stocks onto a single curve. This work is important from a practical point of view, because it demonstrates the existence of simple laws relating prices to order flows and, in a broader context, suggests there are circumstances where the strategic behavior of agents may be dominated by other considerations. PMID:15687505

  2. Wind Generation in the Future Competitive California Power Market

    SciTech Connect

    Sezgen, O.; Marnay, C.; Bretz, S.

    1998-03-01

    The goal of this work is to develop improved methods for assessing the viability of wind generation in competitive electricity markets. The viability of a limited number of possible wind sites is assessed using a geographic information system (GIS) to determine the cost of development, and Elfin, an electric utility production costing and capacity expansion model, to estimate the possible revenues and profits of wind farms at the sites. This approach improves on a simple profitability calculation by using a site-specific development cost calculation and by taking the effect of time varying market prices on revenues into account. The first component of the work is to develop data characterizing wind resources suitable for use in production costing and capacity expansion models, such as Elfin, that are capable of simulating competitive electricity markets. An improved representation of California wind resources is built, using information collected by the California Energy Commission (CE C) in previous site evaluations, and by using a GIS approach to estimating development costs at 36 specific sites. These sites, which have been identified as favorable for wind development, are placed on Digital Elevation Maps (DEMs) and development costs are calculated based on distances to roads and transmission lines. GIS is also used to develop the potential capacity at each site by making use of the physical characteristics of the terrain, such as ridge lengths. In the second part of the effort, using a previously developed algorithm for simulating competitive entry to the California electricity market, the Elfin model is used to gauge the viability of wind farms at the 36 sites. The results of this exercise are forecasts of profitable development levels at each site and the effects of these developments on the electricity system as a whole. Under best guess assumptions, including prohibition of new nuclear and coal capacity, moderate increase in gas prices and some decline in

  3. Appendix M - GPRA06 estimate of penetration of generating technologies into green power markets

    SciTech Connect

    None, None

    2009-01-18

    The Green Power Market Model (GPMM or the model) identifies and analyzes the potential electric-generating capacity additions that will result from “green power” programs, which are not captured in the “least-cost” analyses performed by the National Energy Modeling System (NEMS) and the Market Allocation (MARKAL) model. The term "green power" is used to define power generated from renewable energy sources, such as wind, solar, geothermal, and various forms of biomass. The Green Power market is an increasingly important element of the national renewable energy contribution, with changes in the regulatory and legislative environment and the recent dramatic changes in natural gas prices slowly altering the size of this opportunity.

  4. Market assessment of photovoltaic power systems for agricultural applications in Morocco

    NASA Astrophysics Data System (ADS)

    Steingass, H.; Asmon, I.

    1981-09-01

    Results of a month-long study in Morocco aimed at assessing the market potential for stand-alone photovoltaic systems in agriculture and rural service applications are presented. The following applications, requiring less than 15 kW of power, are described: irrigation, cattle watering, refrigeration, crop processing, potable water and educational TV. Telecommunications and transportation signalling applications, descriptions of power and energy use profiles, assessments of business environment, government and private sector attitudes towards photovoltaics, and financing were also considered. The Moroccan market presents both advantages and disadvantages for American PV manufacturers. The principle advantages of the Moroccan market are: a limited grid, interest in and present use of PV in communications applications, attractive investment incentives, and a stated policy favoring American investment. Disadvantages include: lack of government incentives for PV use, general unfamiliarity with PV technology, high first cost of PV, a well-established market network for diesel generators, and difficulty with financing. The market for PV in Morocco (1981-1986), will be relatively small, about 340 kwp. The market for PV is likely to be more favorable in telecommunications, transport signalling and some rural services. The primary market appears to be in the public (i.e., government) rather than private sector, due to financial constraints and the high price of PV relative to conventional power sector.

  5. Market assessment of photovoltaic power systems for agricultural applications in Morocco

    NASA Technical Reports Server (NTRS)

    Steingass, H.; Asmon, I.

    1981-01-01

    Results of a month-long study in Morocco aimed at assessing the market potential for stand-alone photovoltaic systems in agriculture and rural service applications are presented. The following applications, requiring less than 15 kW of power, are described: irrigation, cattle watering, refrigeration, crop processing, potable water and educational TV. Telecommunications and transportation signalling applications, descriptions of power and energy use profiles, assessments of business environment, government and private sector attitudes towards photovoltaics, and financing were also considered. The Moroccan market presents both advantages and disadvantages for American PV manufacturers. The principle advantages of the Moroccan market are: a limited grid, interest in and present use of PV in communications applications, attractive investment incentives, and a stated policy favoring American investment. Disadvantages include: lack of government incentives for PV use, general unfamiliarity with PV technology, high first cost of PV, a well-established market network for diesel generators, and difficulty with financing. The market for PV in Morocco (1981-1986), will be relatively small, about 340 kwp. The market for PV is likely to be more favorable in telecommunications, transport signalling and some rural services. The primary market appears to be in the public (i.e., government) rather than private sector, due to financial constraints and the high price of PV relative to conventional power sector.

  6. Market-Based Decision Guidance Framework for Power and Alternative Energy Collaboration

    NASA Astrophysics Data System (ADS)

    Altaleb, Hesham

    With the introduction of power energy markets deregulation, innovations have transformed once a static network into a more flexible grid. Microgrids have also been deployed to serve various purposes (e.g., reliability, sustainability, etc.). With the rapid deployment of smart grid technologies, it has become possible to measure and record both, the quantity and time of the consumption of electrical power. In addition, capabilities for controlling distributed supply and demand have resulted in complex systems where inefficiencies are possible and where improvements can be made. Electric power like other volatile resources cannot be stored efficiently, therefore, managing such resource requires considerable attention. Such complex systems present a need for decisions that can streamline consumption, delay infrastructure investments, and reduce costs. When renewable power resources and the need for limiting harmful emissions are added to the equation, the search space for decisions becomes increasingly complex. As a result, the need for a comprehensive decision guidance system for electrical power resources consumption and productions becomes evident. In this dissertation, I formulate and implement a comprehensive framework that addresses different aspect of the electrical power generation and consumption using optimization models and utilizing collaboration concepts. Our solution presents a two-prong approach: managing interaction in real-time for the short-term immediate consumption of already allocated resources; and managing the operational planning for the long-run consumption. More specifically, in real-time, we present and implement a model of how to organize a secondary market for peak-demand allocation and describe the properties of the market that guarantees efficient execution and a method for the fair distribution of collaboration gains. We also propose and implement a primary market for peak demand bounds determination problem with the assumption that

  7. Market assessment of photovoltaic power systems for agricultural applications in Mexico

    NASA Astrophysics Data System (ADS)

    Steigelmann, W.; Asmon, I.

    1981-07-01

    The first year of cost-competitiveness, the market potential, and the environment in which PV systems would be marketed and employed were examined. Market elements specific to Mexico addressed include: (1) useful applications and estimates of the potential market for PV systems; (2) power requirements and load profiles for applications compatible with PV usage; (3) operating and cost characteristics of power systems that compete against PV; (4) national development goals in rural electrification and rural services, technology programs and government policies that influence the demand for PV in Mexico; (5) financing mechanisms and capital available for PV acquisition; (6) channels for distribution, installation and maintenance of PV systems; and (7) appropriate methods for conducting business in Mexico.

  8. Modeling hydro power plants in deregulated electricity markets : integration and application of EMCAS and VALORAGUA.

    SciTech Connect

    Thimmapuram, P.; Veselka, T.; Koritarov, V.; Vilela, S.; Pereira, R.; Silva, R.

    2008-01-01

    In this paper, we present details of integrating an agent-based model, Electricity Market Complex Adaptive System (EMCAS) with a hydro-thermal coordination model, VALORAGUA. EMCAS provides a framework for simulating deregulated markets with flexible regulatory structure along with bidding strategies for supply offers and demand bids. VALORAGUA provides longer-term operation plans by optimizing hydro and thermal power plant operation for the entire year. In addition, EMCAS uses the price forecasts and weekly hydro schedules from VALORAGUA to provide intra-week hydro plant optimization for hourly supply offers. The integrated model is then applied to the Iberian electricity market which includes about 111 thermal plants and 38 hydro power plants. We then analyze the impact of hydro plant supply offers on the market prices and ways to minimize the Gencospsila exposure to price risk.

  9. Market assessment of photovoltaic power systems for agricultural applications in Mexico

    NASA Technical Reports Server (NTRS)

    Steigelmann, W.; Asmon, I.

    1981-01-01

    The first year of cost-competitiveness, the market potential, and the environment in which PV systems would be marketed and employed were examined. Market elements specific to Mexico addressed include: (1) useful applications and estimates of the potential market for PV systems; (2) power requirements and load profiles for applications compatible with PV usage; (3) operating and cost characteristics of power systems that compete against PV; (4) national development goals in rural electrification and rural services, technology programs and government policies that influence the demand for PV in Mexico; (5) financing mechanisms and capital available for PV acquisition; (6) channels for distribution, installation and maintenance of PV systems; and (7) appropriate methods for conducting business in Mexico.

  10. Path to Market for Compact Modular Fusion Power Cores

    NASA Astrophysics Data System (ADS)

    Woodruff, Simon; Baerny, Jennifer K.; Mattor, Nathan; Stoulil, Don; Miller, Ronald; Marston, Theodore

    2012-08-01

    The benefits of an energy source whose reactants are plentiful and whose products are benign is hard to measure, but at no time in history has this energy source been more needed. Nuclear fusion continues to promise to be this energy source. However, the path to market for fusion systems is still regularly a matter for long-term (20 + year) plans. This white paper is intended to stimulate discussion of faster commercialization paths, distilling guidance from investors, utilities, and the wider energy research community (including from ARPA-E). There is great interest in a small modular fusion system that can be developed quickly and inexpensively. A simple model shows how compact modular fusion can produce a low cost development path by optimizing traditional systems that burn deuterium and tritium, operating not only at high magnetic field strength, but also by omitting some components that allow for the core to become more compact and easier to maintain. The dominant hurdles to the development of low cost, practical fusion systems are discussed, primarily in terms of the constraints placed on the cost of development stages in the private sector. The main finding presented here is that the bridge from DOE Office of Science to the energy market can come at the Proof of Principle development stage, providing the concept is sufficiently compact and inexpensive that its development allows for a normal technology commercialization path.

  11. Geothermal Power and Interconnection: The Economics of Getting to Market

    SciTech Connect

    Hurlbut, David

    2012-04-23

    This report provides a baseline description of the transmission issues affecting geothermal technologies. It is intended for geothermal experts in either the private or public sector who are less familiar with how the electricity system operates beyond the geothermal plant. The report begins with a comprehensive overview of the grid, how it is planned, how it is used, and how it is paid for. The report then overlays onto this "big picture" three types of geothermal technologies: conventional hydrothermal systems; emerging technologies such as enhanced engineered geothermal systems (EGS) and geopressured geothermal; and geothermal co-production with existing oil and gas wells. Each category of geothermal technology has its own set of interconnection issues, and these are examined separately for each. The report draws conclusions about each technology’s market affinities as defined by factors related to transmission and distribution infrastructure. It finishes with an assessment of selected markets with known geothermal potential, identifying those that offer the best prospects for near-term commercial development and for demonstration projects.

  12. Multi-agent system for short and long-term power market simulations.

    SciTech Connect

    Wang, J.; Botterud, A.; Conzelmann, G.; Koritarov, V.

    2009-04-01

    In this paper we give an overview of the Electricity Market Complex Adaptive System (EMCAS) model. EMCAS uses the agent-based modeling and simulation (ABMS) technique to model the market participants in electricity markets as different agents with different strategies, risk preferences, and objectives. The complex operations of an electricity market can be simulated across several time horizons from day-ahead scheduling to long-term expansion planning. The methodology used in the model is discussed and a central European case is utilized to illustrate how EMCAS can be used to analyze a power system's operation under various assumptions. The results show the effectiveness of the model, and how the ABMS approach allows the testing of different market conditions.

  13. 2007 Wholesale Power Rate Case Final Proposal : Market Price Forecast Study.

    SciTech Connect

    United States. Bonneville Power Administration.

    2006-07-01

    This study presents BPA's market price forecasts for the Final Proposal, which are based on AURORA modeling. AURORA calculates the variable cost of the marginal resource in a competitively priced energy market. In competitive market pricing, the marginal cost of production is equivalent to the market-clearing price. Market-clearing prices are important factors for informing BPA's power rates. AURORA was used as the primary tool for (a) estimating the forward price for the IOU REP Settlement benefits calculation for fiscal years (FY) 2008 and 2009, (b) estimating the uncertainty surrounding DSI payments and IOU REP Settlements benefits, (c) informing the secondary revenue forecast and (d) providing a price input used for the risk analysis. For information about the calculation of the secondary revenues, uncertainty regarding the IOU REP Settlement benefits and DSI payment uncertainty, and the risk run, see Risk Analysis Study WP-07-FS-BPA-04.

  14. Market assessment of photovoltaic power systems for agricultural applications in Nigeria

    NASA Astrophysics Data System (ADS)

    Staples, D.; Steingass, H.; Nolfi, J.

    1981-10-01

    The market potential for stand-alone photovoltaic systems in agriculture was studied. Information is presented on technical and economically feasible applications, and assessments of the business, government and financial climate for photovoltaic sales. It is concluded that the market for stand-alone systems will be large because of the availability of captial and the high premium placed on high reliability, low maintenance power systems. Various specific applications are described, mostly related to agriculture.

  15. Market assessment of photovoltaic power systems for agricultural applications in Nigeria

    NASA Technical Reports Server (NTRS)

    Staples, D.; Steingass, H.; Nolfi, J.

    1981-01-01

    The market potential for stand-alone photovoltaic systems in agriculture was studied. Information is presented on technical and economically feasible applications, and assessments of the business, government and financial climate for photovoltaic sales. It is concluded that the market for stand-alone systems will be large because of the availability of captial and the high premium placed on high reliability, low maintenance power systems. Various specific applications are described, mostly related to agriculture.

  16. The Forbes 400, the Pareto power-law and efficient markets

    NASA Astrophysics Data System (ADS)

    Klass, O. S.; Biham, O.; Levy, M.; Malcai, O.; Solomon, S.

    2007-01-01

    Statistical regularities at the top end of the wealth distribution in the United States are examined using the Forbes 400 lists of richest Americans, published between 1988 and 2003. It is found that the wealths are distributed according to a power-law (Pareto) distribution. This result is explained using a simple stochastic model of multiple investors that incorporates the efficient market hypothesis as well as the multiplicative nature of financial market fluctuations.

  17. New wholesale power market design using linked forward markets : a study for the DOE energy storage systems program.

    SciTech Connect

    Silva Monroy, Cesar Augusto; Loose, Verne William; Ellison, James F.; Elliott, Ryan Thomas; Byrne, Raymond Harry; Guttromson, Ross; Tesfatsion, Leigh S.

    2013-04-01

    This report proposes a reformulation of U.S. ISO/RTO-managed wholesale electric power mar- kets for improved reliability and e ciency of system operations. Current markets do not specify or compensate primary frequency response. They also unnecessarily limit the participation of new technologies in reserve markets and o er insu cient economic inducements for new capacity invest- ment. In the proposed market reformulation, energy products are represented as physically-covered rm contracts and reserve products as physically-covered call option contracts. Trading of these products is supported by a backbone of linked ISO/RTO-managed forward markets with planning horizons ranging from multiple years to minutes ahead. A principal advantage of this reformulation is that reserve needs can be speci ed in detail, and resources can o er the services for which they are best suited, without being forced to conform to rigid reserve product de nitions. This should improve the business case for electric energy storage and other emerging technologies to provide reserve. In addition, the facilitation of price discovery should help to ensure e cient energy/reserve procurement and adequate levels of new capacity investment.

  18. Market assessment of photovoltaic power systems for agricultural applications in Mexico

    SciTech Connect

    Steigelman, W.; Asmon, I.

    1981-07-01

    A month-long study in Mexico was aimed at assessing the market potential for stand-alone photovoltaic systems in agriculture. The types of applications considered are those requiring less than 15 kw of power. The applications include irrigation, cattle watering, refrigeration, crop processing and animal raising. Descriptions are provided of power and energy use profiles for many applications as well as assessments of business environment, government and private sector attitudes towards photovoltaics, and financing. The Mexican market presents both advantages and disadvantages for American PV manufacturers. The principal advantages are recognition of the technical superiority of American photovoltaics and the favorable reputation of several American PV firms already active in the Mexican market. Major disadvantages include lack of government incentives for PV use, cheap domestic energy sources, extensive electric grid, high first cost of PV, competition from Mexican and other non-US PV companies, and lack of financing. Given these parameters the market for PV in the Mexican agricultural sector during the period 1981 to 1986, will be relatively small, about 605 kwp. However, other sectors where the market for PV is likely to be more favorable than for agriculture include: rural services, telecommunications and cathodic protection. The primary market appears to be in the public (i.e., government) rather than private sector, due to financing constraints and the high price of PV relative to conventional power sources available to the private sector.

  19. Market assessment of photovoltaic power systems for agricultural applications in Morocco

    SciTech Connect

    Steingass, H.; Asmon, I.

    1981-09-01

    A month-long study in Morocco was aimed at assessing the market potential for stand-alone photovoltaic systems in agriculture and rural service applications. The types of applications considered are those requiring less than 15 kw of power. The applications include irrigation, cattle watering, refrigeration, crop processing, potable water and educational TV. Telecommunications and transportation signalling applications were also considered in the course of the study. Power and energy use profiles are described for many applications as well assessments of business environment, government and private sector attitudes towards photovoltaics, and financing. The Moroccan market presents both advantages and disadvantages for American PV manufacturers. The principle advantages are a limited grid, interest in and present use of PV in communications applications, attractive investment incentives and a stated policy favoring American investment. Major disadvantages include lack of government incentives for PV use, general unfamiliarity with PV technology, high first cost of PV, a well-established market network for diesel generators, and difficulty with financing. Given these parameters the market for PV in Morocco during the period of 1981 to 1986, will be relatively small, about 340 kwp. Sectors where the market for PV is likely to be more favorable than for agriculture include: telecommunications, transport signalling and some rural services. The primary market appears to be in the public (i.e., government) rather than private sector, due to financial constraints and the high price of PV relative to conventional power sector.

  20. Impacts on irrigated agriculture of changes in electricity costs resulting from Western Area Power Administration`s power marketing alternatives

    SciTech Connect

    Edwards, B.K.; Flaim, S.J.; Howitt, R.E.; Palmer, S.C.

    1995-03-01

    Irrigation is a major factor in the growth of US agricultural productivity, especially in western states, which account for more than 85% of the nation`s irrigated acreage. In some of these states, almost all cropland is irrigated, and nearly 50% of the irrigation is done with electrically powered pumps. Therefore, even small increases in the cost of electricity could have a disproportionate impact on irrigated agriculture. This technical memorandum examines the impacts that could result from proposed changes in the power marketing programs of the Western Area Power Administration`s Salt Lake City Area Office. The changes could increase the cost of power to all Western customers, including rural municipalities and irrigation districts that rely on inexpensive federal power to pump water. The impacts are assessed by translating changes in Western`s wholesale power rate into changes in the cost of pumping water as an input for agricultural production. Farmers can adapt to higher electricity prices in many ways, such as (1) using different pumping fuels, (2) adding workers and increasing management to irrigate more efficiently, and (3) growing more drought-tolerant crops. This study projects several responses, including using less groundwater and planting fewer waterintensive crops. The study finds that when dependence on Western`s power is high, the cost of power can have a major effect on energy use, agricultural practices, and the distribution of planted acreage. The biggest percentage changes in farm income would occur (1) in Nevada and Utah (however, all projected changes are less than 2% of the baseline) and (2) under the marketing alternatives that represent the lowest capacity and energy offer considered in Western`s Electric Power Marketing Environmental Impact Statement. The aggregate impact on farm incomes and the value of total farm production would be much smaller than that suggested by the changes in water use and planted acreage.

  1. Effects of Demand Response on Retail and Wholesale Power Markets

    SciTech Connect

    Chassin, David P.; Kalsi, Karanjit

    2012-07-26

    Demand response has grown to be a part of the repertoire of resources used by utilities to manage the balance between generation and load. In recent years, advances in communications and control technology have enabled utilities to consider continuously controlling demand response to meet generation, rather than the other way around. This paper discusses the economic applications of a general method for load resource analysis that parallels the approach used to analyze generation resources and uses the method to examine the results of the US Department of Energy’s Olympic Peninsula Demonstration Testbed. A market-based closed-loop system of controllable assets is discussed with necessary and sufficient conditions on system controllability, observability and stability derived.

  2. High and varying prices for privately insured patients underscore hospital market power.

    PubMed

    White, Chapin; Bond, Amelia M; Reschovsky, James D

    2013-09-01

    Across 13 selected U.S. metropolitan areas, hospital prices for privately insured patients are much higher than Medicare payment rates and vary widely across and within markets, according to a study by the Center for Studying Health System Change (HSC) based on claims data for about 590,000 active and retired nonelderly autoworkers and their dependents. Across the 13 communities, aver­age hospital prices for privately insured patients are about one-and-a-half times Medicare rates for inpatient care and two times what Medicare pays for outpa­tient care. Within individual communities, prices vary widely, with the highest-priced hospital typically paid 60 percent more for inpatient services than the lowest-priced hospital. The price gap within markets is even greater for hospital outpatient care, with the highest-priced hospital typically paid nearly double the lowest-priced hospital. In contrast to the wide variation in hospital prices for pri­vately insured patients across and within markets, prices for primary care physi­cian services generally are close to Medicare rates and vary little within markets. Prices for specialist physician services, however, are higher relative to Medicare and vary more across and within markets. Of the 13 markets, five are in Michigan, which has an unusually concentrated private insurance market, with one insurer commanding a 70-percent market share. Despite the presence of a dominant insurer, almost all Michigan hospi­tals command prices that are higher than Medicare, and some hospitals com­mand prices that are twice what Medicare pays. In the eight markets outside of Michigan, private insurers generally pay even higher hospital prices, with even wider gaps between high- and low-priced hospitals. The variation in hospital and specialist physician prices within communities underscores that some hospitals and physicians have significant market power to command high prices, even in markets with a dominant insurer. PMID:24073466

  3. Markets to Facilitate Wind and Solar Energy Integration in the Bulk Power Supply: An IEA Task 25 Collaboration; Preprint

    SciTech Connect

    Milligan, M.; Holttinen, H.; Soder, L.; Clark, C.; Pineda, I.

    2012-09-01

    Wind and solar power will give rise to challenges in electricity markets regarding flexibility, capacity adequacy, and the participation of wind and solar generators to markets. Large amounts of wind power will have impacts on bulk power system markets and electricity prices. If the markets respond to increased wind power by increasing investments in low-capital, high-cost or marginal-cost power, the average price may remain in the same range. However, experiences so far from Denmark, Germany, Spain, and Ireland are such that the average market prices have decreased because of wind power. This reduction may result in additional revenue insufficiency, which may be corrected with a capacity market, yet capacity markets are difficult to design. However, the flexibility attributes of the capacity also need to be considered. Markets facilitating wind and solar integration will include possibilities for trading close to delivery (either by shorter gate closure times or intraday markets). Time steps chosen for markets can enable more flexibility to be assessed. Experience from 5- and 10-minute markets has been encouraging.

  4. Biopower markets in developing countries: Meeting the demands for cleaner power

    SciTech Connect

    Demeter, C.P.

    1997-12-31

    The worldwide expansion of democracy economic freedom and the explosion of private investment and trading is fueling a boom in global economic growth at double the rate of only a decade ago. Dependence on power and process heat is growing in lockstep during a time of significant structural change in electric markets. Many countries are creating more competitive market environments for power production and sales through changes in regulation, ownership, and pricing structures. But while demand for heat and power is expanding and creating a higher standard of living for many around the world, there is growing global concern about increases in carbon emissions from fossil fuel combustion and its possible link to climate changes. On a local level, flooding and non-point runoff, deforestation and habitat loss, salination of drinking water aquifers, solid waste disposal and landfill capacity shortages all put an increasing strain on our environment`s ability to cleanse itself. This could have subsequent adverse impacts on human health and welfare. This article explores emerging markets for biomass power development in India, china, Asia, and Latin America. Exploiting these markets requires understanding each country`s resources, energy needs, and government attitudes about foreign power developers. 6 figs.

  5. Green Power Grids: How Energy from Renewable Sources Affects Networks and Markets.

    PubMed

    Mureddu, Mario; Caldarelli, Guido; Chessa, Alessandro; Scala, Antonio; Damiano, Alfonso

    2015-01-01

    The increasing attention to environmental issues is forcing the implementation of novel energy models based on renewable sources. This is fundamentally changing the configuration of energy management and is introducing new problems that are only partly understood. In particular, renewable energies introduce fluctuations which cause an increased request for conventional energy sources to balance energy requests at short notice. In order to develop an effective usage of low-carbon sources, such fluctuations must be understood and tamed. In this paper we present a microscopic model for the description and for the forecast of short time fluctuations related to renewable sources in order to estimate their effects on the electricity market. To account for the inter-dependencies in the energy market and the physical power dispatch network, we use a statistical mechanics approach to sample stochastic perturbations in the power system and an agent based approach for the prediction of the market players' behavior. Our model is data-driven; it builds on one-day-ahead real market transactions in order to train agents' behaviour and allows us to deduce the market share of different energy sources. We benchmarked our approach on the Italian market, finding a good accordance with real data. PMID:26335705

  6. Green Power Grids: How Energy from Renewable Sources Affects Networks and Markets

    PubMed Central

    Mureddu, Mario; Caldarelli, Guido; Chessa, Alessandro; Scala, Antonio; Damiano, Alfonso

    2015-01-01

    The increasing attention to environmental issues is forcing the implementation of novel energy models based on renewable sources. This is fundamentally changing the configuration of energy management and is introducing new problems that are only partly understood. In particular, renewable energies introduce fluctuations which cause an increased request for conventional energy sources to balance energy requests at short notice. In order to develop an effective usage of low-carbon sources, such fluctuations must be understood and tamed. In this paper we present a microscopic model for the description and for the forecast of short time fluctuations related to renewable sources in order to estimate their effects on the electricity market. To account for the inter-dependencies in the energy market and the physical power dispatch network, we use a statistical mechanics approach to sample stochastic perturbations in the power system and an agent based approach for the prediction of the market players’ behavior. Our model is data-driven; it builds on one-day-ahead real market transactions in order to train agents’ behaviour and allows us to deduce the market share of different energy sources. We benchmarked our approach on the Italian market, finding a good accordance with real data. PMID:26335705

  7. A Novel Approach of Battery Energy Storage for Improving Value of Wind Power in Deregulated Markets

    NASA Astrophysics Data System (ADS)

    Nguyen, Y. Minh; Yoon, Yong Tae

    2013-06-01

    Wind power producers face many regulation costs in deregulated environment, which remarkably lowers the value of wind power in comparison with the conventional sources. One of these costs is associated with the real-time variation of power output and being paid in frequency control market according to the variation band. In this regard, this paper presents a new approach to the scheduling and operation of battery energy storage installed in wind generation system. This approach depends on the statistic data of wind generation and the prediction of frequency control market prices to determine the optimal charging and discharging of batteries in real-time, which ultimately gives the minimum cost of frequency regulation for wind power producers. The optimization problem is formulated as the trade-off between the decrease in regulation payment and the increase in the cost of using battery energy storage. The approach is illustrated in the case study and the results of simulation show its effectiveness.

  8. Market assessment of photovoltaic power systems for agricultural applications in Nigeria

    SciTech Connect

    Staples, D.; Steingass, H.; Nolfi, J.

    1981-10-01

    The results of a month-long study in Nigeria conducted in February 1981 are detailed. The study was aimed at assessing in the 1981 to 1986 market potential for stand-alone photovoltaic systems in agriculture. Information on technically and economically feasible applications, and assessments of business, government and financial climate for photovoltaic sales are provided. The study concluded that the market for stand-alone photovoltaic power systems will be large, the primary reasons being the availability of capital and the high premium placed on high reliability, low maintenance power systems. A market exists for such agricultural/rural applications as: micro-irrigation, veterinary units, grain grinding, dryers, produce coolers, ice makers, water/boreholes, and health, education and extension services. Other markets with high PV sales potential include: remote local government centers, public and private communication systems, TV battery chargers, domestic power supply and cathodic protection. The potential market for photovoltaics in the 1981 to 1986 time frame is estimated at about 1.9 to 4.7 MW. The major purchaser in the near-term would be the federal and state governments.

  9. Market assessment of photovoltaic power systems for agricultural applications in Colombia

    NASA Technical Reports Server (NTRS)

    Steigelmann, W.; Neyeloff, S.

    1981-01-01

    The market potential for photovoltaic systems in the agricultural sector of Colombia is assessed. Consideration was given to over twenty specific livestock production, crop production, and rural services applications requiring less than 15 kW of power without backup power. Analysis revealed that near-term potential exists for photovoltaic technology in applications in coffee depulging, cattle watering, rural domestic users, rural water supply and small irrigation, rural telephones, rural health posts, and vaccine refrigeration. Market size would be in the 1200 to 2500 kWp range in the 1981 to 86 timeframe. Positive factors influencing the market size include a lack of electrical services, potential for developing the Llanos Orientales Territory, high fuel costs in remote areas, balance of system availability, the presence of wealthy land owners, and a large government-sponsored contract for photovoltaic (PV)-powered rural telephone systems. The anticipated eligibility of photovoltaic equipment for loans would be a further positive factor in market potential. Important negative factors include relatively inexpensive energy in developed locations, reliance on hydropower, lack of familiarity with PV equipment, a lack of financing, and established foreign competition in PV technology. Recommendations to American PV manufacturers attempting to develop the Colombian market are given.

  10. Market assessment of photovoltaic power systems for agricultural applications in Colombia

    NASA Astrophysics Data System (ADS)

    Steigelmann, W.; Neyeloff, S.

    1981-11-01

    The market potential for photovoltaic systems in the agricultural sector of Colombia is assessed. Consideration was given to over twenty specific livestock production, crop production, and rural services applications requiring less than 15 kW of power without backup power. Analysis revealed that near-term potential exists for photovoltaic technology in applications in coffee depulging, cattle watering, rural domestic users, rural water supply and small irrigation, rural telephones, rural health posts, and vaccine refrigeration. Market size would be in the 1200 to 2500 kWp range in the 1981 to 86 timeframe. Positive factors influencing the market size include a lack of electrical services, potential for developing the Llanos Orientales Territory, high fuel costs in remote areas, balance of system availability, the presence of wealthy land owners, and a large government-sponsored contract for photovoltaic (PV)-powered rural telephone systems. The anticipated eligibility of photovoltaic equipment for loans would be a further positive factor in market potential. Important negative factors include relatively inexpensive energy in developed locations, reliance on hydropower, lack of familiarity with PV equipment, a lack of financing, and established foreign competition in PV technology. Recommendations to American PV manufacturers attempting to develop the Colombian market are given.

  11. Efficiency measurement for regulatory market-structure regimes of the electric power industry

    NASA Astrophysics Data System (ADS)

    Briceno, Cecilia Maria

    This dissertation provides an empirical evaluation of market structure reforms that have been implemented in the Electric Power Industry between 1980 and 1999. The analysis is based on the experience of Latin American countries and to some extent of OECD countries. Market structure reforms pose certain tradeoffs. Economic theory suggests that such tradeoffs depend on parameters that can only be estimated econometrically. The tradeoffs arise in industries where vertical relationships between production layers result from the interaction between competitive markets and regulated markets. The implications of different structural arrangements can be clarified by empirical work. This comparative analysis of the recent international experience in the electric power industry addresses these implications. The results of this research support the claim that vertical separation between generation, transmission and distribution is the most efficient regulatory regime, and, as such, a central feature of reform processes in the electric power industry. The empirical analysis uses the distance function as an analytical tool to estimate relative efficiency for each market structure arrangement. For this purpose, the present study assembles a panel set covering 40 countries during a 20-year period.

  12. Market assessment of photovoltaic power systems for agricultural applications in Colombia

    SciTech Connect

    Steigelmann, W.; Neyeloff, S.

    1981-11-01

    An assessment is made of the market potential for photovoltaic systems in the agricultural sector of Colombia. Consideration was given to over twenty specific livestock production, crop production, and rural services applications requiring less than 15 KW of power without backup power. Analysis revealed that near-term potential exists for photovoltaic technology in applications in coffee depulging, cattle watering, rural domestic users, rural water supply and small irrigation, rural telephones, rural health posts, and vaccine refrigeration. Market size would be in the 1200 to 2500 KWp range in the 1981-86 timeframe. Positive factors influencing the market size include a lack of electrical services, potential for developing the Llanos Orientales Territory, high fuel costs in remote areas, balance of system availability, the presence of wealthy land owners, and a large government-sponsored contract for PV-powered rural telephone systems. The anticipated eligibility of photovoltaic equipment for loans under the Fifth Law would be a further positive factor in market potential. Important negative factors include relatively inexpensive energy in developed locations, reliance on hydropower, lack of familarity with PV equipment, a lack of financing, and established foreign competition in PV technology. Recommendations to American PV manufacturers attempting to develop the Colombian market are to offer complete systems, perform as much production and assembly of systems as possible in Colombia or another Andean Pact country to avoid higher tariffs, and consider forming corporations with majority Colombian participation in light or trade advantages.

  13. Proposal to market Provo River Project power, Salt Lake City area

    SciTech Connect

    Not Available

    1995-01-01

    This report is an environmental assessment of the Western Area Power Administrations`s proposal to change the way in which the power produced by the Provo River Project (PRP) is marketed. The topics of the report include the alternatives to the proposed action that have been considered, a description of the environmental consequences of the proposed action and the alternatives that were considered, and other environmental considerations.

  14. Nuclear power and the market value of the shares of electric utilities

    NASA Astrophysics Data System (ADS)

    Lyons, Joseph T.

    The most basic principle of security valuation is that market prices are determined by investors' expectations of the firm's performance in the future. These expectations are generally understood to be related to the risk that investors will bear by holding the firm's equity. There is considerable evidence that financial statements prepared in accordance with accrual-based accounting standards consistent with Generally Accepted Accounting Principles (GAAP) have information content relevant to the establishment of market prices. In 2001, the Financial Accounting Standards Board (FASB) issued Statement of Financial Accounting Standard No. 143, "Accounting for Asset Retirement Obligations," changing the accounting standards that must be used to prepare financial statements. This paper investigates the effect that investment in nuclear power has on the market value of electric utilities and the impact on the securities markets of the significant changes in financial statement presentation mandated by this new standard.

  15. Why credit risk markets are predestined for exhibiting log-periodic power law structures

    NASA Astrophysics Data System (ADS)

    Wosnitza, Jan Henrik; Leker, Jens

    2014-01-01

    Recent research has established the existence of log-periodic power law (LPPL) patterns in financial institutions’ credit default swap (CDS) spreads. The main purpose of this paper is to clarify why credit risk markets are predestined for exhibiting LPPL structures. To this end, the credit risk prediction of two variants of logistic regression, i.e. polynomial logistic regression (PLR) and kernel logistic regression (KLR), are firstly compared to the standard logistic regression (SLR). In doing so, the question whether the performances of rating systems based on balance sheet ratios can be improved by nonlinear transformations of the explanatory variables is resolved. Building on the result that nonlinear balance sheet ratio transformations hardly improve the SLR’s predictive power in our case, we secondly compare the classification performance of a multivariate SLR to the discriminative powers of probabilities of default derived from three different capital market data, namely bonds, CDSs, and stocks. Benefiting from the prompt inclusion of relevant information, the capital market data in general and CDSs in particular increasingly outperform the SLR while approaching the time of the credit event. Due to the higher classification performances, it seems plausible for creditors to align their investment decisions with capital market-based default indicators, i.e., to imitate the aggregate opinion of the market participants. Since imitation is considered to be the source of LPPL structures in financial time series, it is highly plausible to scan CDS spread developments for LPPL patterns. By establishing LPPL patterns in governmental CDS spread trajectories of some European crisis countries, the LPPL’s application to credit risk markets is extended. This novel piece of evidence further strengthens the claim that credit risk markets are adequate breeding grounds for LPPL patterns.

  16. 75 FR 22772 - Cargill Power Markets, LLC, Complainant v. Public Service Company of New Mexico, Respondent...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2010-04-30

    ... From the Federal Register Online via the Government Publishing Office DEPARTMENT OF ENERGY Federal Energy Regulatory Commission Cargill Power Markets, LLC, Complainant v. Public Service Company of New Mexico, Respondent; Notice of Complaint April 21, 2010. Take notice that on April 20, 2010, pursuant to section 206 of the Federal...

  17. 76 FR 67259 - Frequency Regulation Compensation in the Organized Wholesale Power Markets

    Federal Register 2010, 2011, 2012, 2013, 2014

    2011-10-31

    ... Markets, 76 FR 11,177, 134 FERC ] 61,124 (2011) (NOPR). \\18\\ See Appendix for a list of commenters. II... up 100 percent of the NO X emission reduction expected from introducing wind and solar power will be..., 2011 Comments at 13 (citing Katzenstein, W., and Jay Apt. Air Emissions Due To Wind and Solar...

  18. 75 FR 26225 - Frequency Regulation Compensation in the Organized Wholesale Power Markets; Notice of Technical...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2010-05-11

    ... From the Federal Register Online via the Government Publishing Office DEPARTMENT OF ENERGY Federal Energy Regulatory Commission Frequency Regulation Compensation in the Organized Wholesale Power Markets... conference to elicit input on issues pertaining to Frequency Regulation Compensation in the ISO/RTO...

  19. 75 FR 29531 - Frequency Regulation Compensation in the Organized Wholesale Power Markets; Supplemental Notice...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2010-05-26

    ... From the Federal Register Online via the Government Publishing Office DEPARTMENT OF ENERGY Federal Energy Regulatory Commission Frequency Regulation Compensation in the Organized Wholesale Power Markets... the April 27 Notice, the conference will provide a forum to consider issues related to...

  20. 76 FR 20651 - Application To Export Electric Energy; Cargill Power Markets, LLC

    Federal Register 2010, 2011, 2012, 2013, 2014

    2011-04-13

    ... Application To Export Electric Energy; Cargill Power Markets, LLC AGENCY: Office of Electricity Delivery and... applied for authority to transmit electric energy from the United States to Mexico pursuant to section 202..., 2011, DOE received an application from CPM for authority to transmit electric energy from the...

  1. Energy Market and Economic Impacts of the American Power Act of 2010

    EIA Publications

    2010-01-01

    This report responds to a request from Senators Kerry, Graham, and Lieberman for an analysis of the American Power Act of 2010 (APA). APA, as released by Senators Kerry and Lieberman on May 12, 2010, regulates emissions of greenhouse gases through market-based mechanisms, efficiency programs, and other economic incentives.

  2. Wide variation in hospital and physician payment rates evidence of provider market power.

    PubMed

    Ginsburg, Paul B

    2010-11-01

    Wide variation in private insurer payment rates to hospitals and physicians across and within local markets suggests that some providers, particularly hospitals, have significant market power to negotiate higher-than-competitive prices, according to a new study by the Center for Studying Health System Change (HSC). Looking across eight health care markets--Cleveland; Indianapolis; Los Angeles; Miami; Milwaukee; Richmond, Va.; San Francisco; and rural Wisconsin--average inpatient hospital payment rates of four large national insurers ranged from 147 percent of Medicare in Miami to 210 percent in San Francisco. In extreme cases, some hospitals command almost five times what Medicare pays for inpatient services and more than seven times what Medicare pays for outpatient care. Variation within markets was just as dramatic. For example, the hospital with prices at the 25th percentile of Los Angeles hospitals received 84 percent of Medicare rates for inpatient care, while the hospital with prices at the 75th percentile received 184 percent of Medicare rates. The highest-priced Los Angeles hospital with substantial inpatient claims volume received 418 percent of Medicare. While not as pronounced, significant variation in physician payment rates also exists across and within markets and by specialty. Few would characterize the variation in hospital and physician payment rates found in this study to be consistent with a highly competitive market. Purchasers and public policy makers can address provider market power, or the ability to negotiate higher-than-competitive prices, through two distinct approaches. One is to pursue market approaches to strengthen competitive forces, while the other is to constrain payment rates through regulation. PMID:21117341

  3. Market power, private information and the optimal scale of pollution permit markets with application to North Carolina’s Neuse River

    Technology Transfer Automated Retrieval System (TEKTRAN)

    We extend the analysis of optimal scale in pollution permit markets by allowing for both market power and private information. The effect of these considerations on optimal scale is determined by analyzing pollution of nitrogen from Waste Water Treatment Plants (WWTP) into North Carolina’s Neuse Riv...

  4. Power law distributions and dynamic behaviour of stock markets

    NASA Astrophysics Data System (ADS)

    Richmond, P.

    2001-04-01

    A simple agent model is introduced by analogy with the mean field approach to the Ising model for a magnetic system. Our model is characterised by a generalised Langevin equation = F ϕ + G ϕ t where t is the usual Gaussian white noise, i.e.: t t' = 2Dδ t-t' and t = 0. Both the associated Fokker Planck equation and the long time probability distribution function can be obtained analytically. A steady state solution may be expressed as P ϕ = exp{ - Ψ ϕ - ln G(ϕ)} where Ψ ϕ = - F/ G dϕ and Z is a normalization factor. This is explored for the simple case where F ϕ = Jϕ + bϕ2 - cϕ3 and fluctuations characterised by the amplitude G ϕ = ϕ + ɛ when it readily yields for ϕ>>ɛ, a distribution function with power law tails, viz: P ϕ = exp{ 2bϕ-cϕ2 /D}. The parameter c ensures convergence of the distribution function for large values of ϕ. It might be loosely associated with the activity of so-called value traders. The parameter J may be associated with the activity of noise traders. Output for the associated time series show all the characteristics of familiar financial time series providing J < 0 and D | J|.

  5. Military markets for solar thermal electric power systems

    NASA Technical Reports Server (NTRS)

    Hauger, J. S.

    1980-01-01

    The Department of Defense maintains an inventory of over 1,800 MW of engine-generators 15 KW and larger, with an estimated procurement rate of over 140 MW/year. Nearly the entire requirement could be met by advanced heat engines of the types being developed as point-focussing, distributed receiver power plants. A conceptual system consisting of a heat engine which efficiently burns liquid fossil or synthetic fuels, with a 'solarization kit' for conversion to hybrid solar operation could meet existing DOD requirements for new systems which are quieter, lighter, and multi-fueled. An estimated 24 percent (33 MW/year) or more could operationally benefit from the solar option. Baseline cost projections indicate levelized energy cost goals of 210 to 120 mills/KWh (15 to 1000 KW systems). Fuel cost escalation is the major factor affecting the value of the solar option. A baseline calculation for fuel at $0.59/gal in spring, 1979, escalating at 8 percent above general inflation indicates a value of $2700/KWe for a solarization kit.

  6. 77 FR 59607 - Piedmont Green Power, LLC; Supplemental Notice That Initial Market-Based Rate Filing Includes...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2012-09-28

    ... Energy Regulatory Commission Piedmont Green Power, LLC; Supplemental Notice That Initial Market-Based... above-referenced proceeding, of Piedmont Green Power, LLC's application for market-based rate authority... filings in the above-referenced proceeding(s) are accessible in the Commission's eLibrary system...

  7. 77 FR 20380 - Desert View Power, Inc.; Supplemental Notice That Initial Market-Based Rate Filing Includes...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2012-04-04

    ... From the Federal Register Online via the Government Publishing Office DEPARTMENT OF ENERGY Federal Energy Regulatory Commission Desert View Power, Inc.; Supplemental Notice That Initial Market- Based Rate...-referenced proceeding of Desert View Power, Inc.'s application for market-based rate authority, with...

  8. 76 FR 15306 - Macho Springs Power I, LLC; Supplemental Notice That Initial Market-Based Rate Filing Includes...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2011-03-21

    ... From the Federal Register Online via the Government Publishing Office DEPARTMENT OF ENERGY Federal Energy Regulatory Commission Macho Springs Power I, LLC; Supplemental Notice That Initial Market-Based... above-referenced proceeding of Macho Springs Power I, LLC's application for market-based rate...

  9. 78 FR 38027 - Novo BioPower LLC; Supplemental Notice That Initial Market-Based Rate Filing Includes Request for...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2013-06-25

    ... From the Federal Register Online via the Government Publishing Office DEPARTMENT OF ENERGY Federal Energy Regulatory Commission Novo BioPower LLC; Supplemental Notice That Initial Market-Based Rate Filing...-referenced proceeding, of Novo BioPower LLC's application for market-based rate authority, with...

  10. 78 FR 77670 - AlphaGen Power LLC; Supplemental Notice That Initial Market-Based Rate Filing Includes Request...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2013-12-24

    ... From the Federal Register Online via the Government Publishing Office DEPARTMENT OF ENERGY Federal Energy Regulatory Commission AlphaGen Power LLC; Supplemental Notice That Initial Market-Based Rate...-referenced proceeding, of AlphaGen Power LLC's application for market-based rate authority, with...

  11. 75 FR 16098 - Reliable Power LLC; Supplemental Notice That Initial Market-Based Rate Filing Includes Request...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2010-03-31

    ... From the Federal Register Online via the Government Publishing Office DEPARTMENT OF ENERGY Federal Energy Regulatory Commission Reliable Power LLC; Supplemental Notice That Initial Market-Based Rate... notice in the above-referenced proceeding of Reliable Power, LLC's application for market-based...

  12. 77 FR 5009 - Power Supply Services LLC; Supplemental Notice That Initial Market-Based Rate Filing Includes...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2012-02-01

    ... From the Federal Register Online via the Government Publishing Office DEPARTMENT OF ENERGY Federal Energy Regulatory Commission Power Supply Services LLC; Supplemental Notice That Initial Market-Based... above-referenced proceeding of Power Supply Services LLC's application for market-based rate...

  13. 78 FR 49506 - Source Power & Gas LLC; Supplemental Notice That Initial Market-Based Rate Filing Includes...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2013-08-14

    ... From the Federal Register Online via the Government Publishing Office DEPARTMENT OF ENERGY Federal Energy Regulatory Commission Source Power & Gas LLC; Supplemental Notice That Initial Market- Based Rate...-referenced proceeding of Source Power & Gas LLC's application for market-based rate authority, with...

  14. 76 FR 73619 - Quantum Choctaw Power, LLC; Supplemental Notice That Initial Market-Based Rate Filing Includes...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2011-11-29

    ... From the Federal Register Online via the Government Publishing Office DEPARTMENT OF ENERGY Federal Energy Regulatory Commission Quantum Choctaw Power, LLC; Supplemental Notice That Initial Market-Based... above-referenced proceeding of Quantum Choctaw Power, LLC's application for market-based rate...

  15. 76 FR 54764 - Marathon Power LLC; Supplemental Notice That Initial Market-Based Rate Filing Includes Request...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2011-09-02

    ... From the Federal Register Online via the Government Publishing Office DEPARTMENT OF ENERGY Federal Energy Regulatory Commission Marathon Power LLC; Supplemental Notice That Initial Market-Based Rate...-referenced proceeding of Marathon Power LLC's application for market-based rate authority, with...

  16. 76 FR 40722 - Granite Reliable Power, LLC; Supplemental Notice That Initial Market-Based Rate Filing Includes...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2011-07-11

    ... From the Federal Register Online via the Government Publishing Office DEPARTMENT OF ENERGY Federal Energy Regulatory Commission Granite Reliable Power, LLC; Supplemental Notice That Initial Market-Based... above-referenced proceeding of Granite Reliable Power, LLC's application for market-based rate...

  17. 77 FR 42301 - W Power, LLC; Supplemental Notice That Initial Market-Based Rate Filing Includes Request for...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2012-07-18

    ... From the Federal Register Online via the Government Publishing Office DEPARTMENT OF ENERGY Federal Energy Regulatory Commission W Power, LLC; Supplemental Notice That Initial Market-Based Rate Filing...-referenced proceeding, of W Power, LLC's application for market-based rate authority, with an...

  18. 75 FR 61467 - Garland Power Company; Supplemental Notice that Initial Market-Based Rate Filing Includes Request...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2010-10-05

    ... From the Federal Register Online via the Government Publishing Office DEPARTMENT OF ENERGY Federal Energy Regulatory Commission Garland Power Company; Supplemental Notice that Initial Market- Based Rate... notice in the above-referenced proceeding of Garland Power Company's application for market-based...

  19. 77 FR 62510 - Niagara Wind Power, LLC; Supplemental Notice That Initial Market-Based Rate Filing Includes...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2012-10-15

    ... From the Federal Register Online via the Government Publishing Office DEPARTMENT OF ENERGY Federal Energy Regulatory Commission Niagara Wind Power, LLC; Supplemental Notice That Initial Market- Based Rate...-referenced proceeding, of Niagara Wind Power, LLC's application for market-based rate authority, with...

  20. 78 FR 26771 - Mesa Wind Power Corporation; Supplemental Notice That Initial Market-Based Rate Filing Includes...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2013-05-08

    ... From the Federal Register Online via the Government Publishing Office DEPARTMENT OF ENERGY Federal Energy Regulatory Commission Mesa Wind Power Corporation; Supplemental Notice That Initial Market-Based... above-referenced proceeding of Mesa Wind Power Corporation's application for market-based rate...

  1. 77 FR 15096 - Liberty Hill Power LLC; Supplemental Notice That Initial Market-Based Rate Filing Includes...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2012-03-14

    ... From the Federal Register Online via the Government Publishing Office DEPARTMENT OF ENERGY Federal Energy Regulatory Commission Liberty Hill Power LLC; Supplemental Notice That Initial Market- Based Rate...-referenced proceeding of Liberty Hill Power LLC's application for market-based rate authority, with...

  2. pCloud: A Cloud-based Power Market Simulation Environment

    SciTech Connect

    Rudkevich, Aleksandr; Goldis, Evgeniy

    2012-12-02

    This research conducted by the Newton Energy Group, LLC (NEG) is dedicated to the development of pCloud: a Cloud-based Power Market Simulation Environment. pCloud is offering power industry stakeholders the capability to model electricity markets and is organized around the Software as a Service (SaaS) concept -- a software application delivery model in which software is centrally hosted and provided to many users via the internet. During the Phase I of this project NEG developed a prototype design for pCloud as a SaaS-based commercial service offering, system architecture supporting that design, ensured feasibility of key architecture's elements, formed technological partnerships and negotiated commercial agreements with partners, conducted market research and other related activities and secured funding for continue development of pCloud between the end of Phase I and beginning of Phase II, if awarded. Based on the results of Phase I activities, NEG has established that the development of a cloud-based power market simulation environment within the Windows Azure platform is technologically feasible, can be accomplished within the budget and timeframe available through the Phase II SBIR award with additional external funding. NEG believes that pCloud has the potential to become a game-changing technology for the modeling and analysis of electricity markets. This potential is due to the following critical advantages of pCloud over its competition: - Standardized access to advanced and proven power market simulators offered by third parties. - Automated parallelization of simulations and dynamic provisioning of computing resources on the cloud. This combination of automation and scalability dramatically reduces turn-around time while offering the capability to increase the number of analyzed scenarios by a factor of 10, 100 or even 1000. - Access to ready-to-use data and to cloud-based resources leading to a reduction in software, hardware, and IT costs

  3. Proposed revision of the Cumberland System Power Marketing Policy and subsequent contracts

    SciTech Connect

    Not Available

    1992-01-01

    Southeastern Power Administration has prepared an Environmental Assessment (DOE/EA-0811) evaluating the proposed revision of the Cumberland System Power Marketing Policy and Subsequent Contracts. The findings of the Environmental Assessment (EA) are: the only significant change from the existing policy will be the term of the contracts executed under the revised policy; and there will be no addition of major new generation resources; there will be no new loads; there will be no major changes in the operating parameters of power generation resources. This paper discusses the need for action, the alternative and the environmental impacts.

  4. Proposed revision of the Cumberland System Power Marketing Policy and subsequent contracts

    SciTech Connect

    Not Available

    1992-11-01

    Southeastern Power Administration has prepared an Environmental Assessment (DOE/EA-0811) evaluating the proposed revision of the Cumberland System Power Marketing Policy and Subsequent Contracts. The findings of the Environmental Assessment (EA) are: the only significant change from the existing policy will be the term of the contracts executed under the revised policy; and there will be no addition of major new generation resources; there will be no new loads; there will be no major changes in the operating parameters of power generation resources. This paper discusses the need for action, the alternative and the environmental impacts.

  5. Market definition study of photovoltaic power for remote villages in developing countries

    SciTech Connect

    Ragsdale, C.; Quashie, P.

    1980-10-01

    The objective of this market definition study is to assess the market potential for the use of photovoltaic power systems for remote villages in developing countries. The approach used was to conduct an in-depth literature search followed by in-country surveys of selected developing countries in Africa, the Middle East, Southeast Asia, and Latin America. The purpose of these surveys was to determine the current energy situation in these countries, the level of rural electrification activity, their knowledge and interest in solar and specifically photovoltaics, their financial resource capability, and the probability of development of a market for photovoltaics based on these and other factors. Findings are presented. The conclusion reached by the survey is that there is a significant market potential for photovoltaics in village power applications in developing countries. Extrapolation of the number of unelectrified villages results in an estimated potential of as much as 20,000 MWp, a potential similar in magnitude to previous UN and World Bank estimates. Recommendations for market stimulation are presented. (WHK)

  6. Models for the modern power grid

    NASA Astrophysics Data System (ADS)

    Nardelli, Pedro H. J.; Rubido, Nicolas; Wang, Chengwei; Baptista, Murilo S.; Pomalaza-Raez, Carlos; Cardieri, Paulo; Latva-aho, Matti

    2014-10-01

    This article reviews different kinds of models for the electric power grid that can be used to understand the modern power system, the smart grid. From the physical network to abstract energy markets, we identify in the literature different aspects that co-determine the spatio-temporal multilayer dynamics of power system. We start our review by showing how the generation, transmission and distribution characteristics of the traditional power grids are already subject to complex behaviour appearing as a result of the the interplay between dynamics of the nodes and topology, namely synchronisation and cascade effects. When dealing with smart grids, the system complexity increases even more: on top of the physical network of power lines and controllable sources of electricity, the modernisation brings information networks, renewable intermittent generation, market liberalisation, prosumers, among other aspects. In this case, we forecast a dynamical co-evolution of the smart grid and other kind of networked systems that cannot be understood isolated. This review compiles recent results that model electric power grids as complex systems, going beyond pure technological aspects. From this perspective, we then indicate possible ways to incorporate the diverse co-evolving systems into the smart grid model using, for example, network theory and multi-agent simulation.

  7. Fractal Markets Hypothesis and the Global Financial Crisis: Wavelet Power Evidence

    PubMed Central

    Kristoufek, Ladislav

    2013-01-01

    We analyze whether the prediction of the fractal markets hypothesis about a dominance of specific investment horizons during turbulent times holds. To do so, we utilize the continuous wavelet transform analysis and obtained wavelet power spectra which give the crucial information about the variance distribution across scales and its evolution in time. We show that the most turbulent times of the Global Financial Crisis can be very well characterized by the dominance of short investment horizons which is in hand with the assertions of the fractal markets hypothesis. PMID:24091386

  8. Business management practices in the power industry: Decision making in a market economy

    SciTech Connect

    Brown, J.H.; Rosel, V.

    1995-12-01

    Management of a free market power industry, or managing the transition from a planned economy to a free market one, is driven by a fundamental economic premise - it is unrealistic (and economically unsound) to try to shelter end users (manufacturers or otherwise) from the true cost of energy: (i) energy prices are a function of fuel inputs (ii) fuel inputs are world priced (iii) end users must pay prices based on true costs Trying to counter any of these dictates will cause economic inefficiencies and misallocations. Managers of energy production in a free market economy must therefore learn to acquire data, and learn to extrapolate. As information is never complete, or perfect, managers must learn to consider contingencies, alternatives and options. In a free market economy, the decision to build a power facility is not controlled simply by the recognition of a perceived need for more power in an area. Because survival in a free market economy requires making a profit, as part for the decision process managers must: (i) talk to their customers to determine power needs into the future (ii) talk to their input suppliers, and arrange contracts (iii) make sure that there is a spread between cost and revenue As stated this is a simple recipe, but is difficult in practice. To perform any forecasting, managers must acquire control over cost, so as to have a base from which to judge the continued profitability or potential profitability, of any current activity or future ventures. It should be noted that planning for the future is difficult at any time but even more so when moving through an era where in the entire economy is undergoing systemic changes. Historic customer base, and historic supply arrangements, may not mean much. Therefore, managers must keep acquiring information, and updating forecasts.

  9. Marketing.

    ERIC Educational Resources Information Center

    Appel, David L.

    This booklet suggests ways in which institutions--Catholic schools in particular--can move beyond public relations and advertising to engage in the broader arena of marketing with its focus on consumer satisfaction. The first of the book's three chapters reviews the concept of marketing, providing definitions of key terms, clarification of…

  10. Integrating Variable Renewable Energy in Electric Power Markets: Best Practices from International Experience (Fact Sheet)

    SciTech Connect

    Not Available

    2014-10-01

    Many countries--reflecting very different geographies, markets, and power systems--are successfully managing high levels of variable renewable energy (RE) on the grid. Australia (South Australia), Denmark, Germany, Ireland, Spain, and the United States (Colorado and Texas), for example, have effectively integrated variable RE utilizing diverse approaches. Analysis of the results from these case studies reveals a wide range of mechanisms that can be used to accommodate high penetrations of variable RE (e.g., from new market designs to centralized planning). Nevertheless, the myriad approaches collectively suggest that governments can best enable variable RE grid integration by implementing best practices in five areas of intervention: lead public engagement, particularly for new transmission; coordinate and integrate planning; develop rules for market evolution that enable system flexibility; expand access to diverse resources and geographic footprint of operations; and improve system operations.