This paper evaluates different financial price and time series models, such as mean reversion, autoregressive moving average (ARMA), integrated ARMA (ARIMA) and general autoregressive conditional heteroscedasticity (GARCH) process, usually applied for electricity price simulations. However, as...

Wind power generation and its impacts on electricity prices has strongly increased in the EU. Therefore, appropriate mark-to-market evaluation of new investments in wind power and energy storage plants should consider the fluctuant generation of wind power and uncertain electricity prices, which...

This paper presents a model-based approach, which allows to determine the optimised structure and operation of the EU-15 electricity supply under different political and economic framework conditions, with a focus on the integration of renewable energy sources for electricity generation (RES-E)...

Many scenarios have been generated in the last years analysing the international energy market. The variety of these scenarios is manifold, as they are generated by different institutions using different methodological approaches and different framework assumptions. However, these scenarios can...

Introduction -- Fundamentals of Energy and Power Systems -- Energy Demand -- Electricity Generation and Operational Planning -- Electricity Transport and Storage -- Regulation: Grids and Environment -- Simple Electricity Market Equilibrium Models -- Markets: Organisation, Trading and Efficiency...

Purpose The paper aims to analyse whether experiencing a supply interruption affects the valuation of security of electricity supply. Design/methodology/approach A blackout in Munich, Germany, in November 2012 is utilised as a natural experiment by conducting a contingent valuation survey around...

With the liberalization of energy markets and the introduction of an emission trading system, electricity production by gas combined cycle power plants has significantly increased in the European Union in recent years. Reasons for the significant increase include the short construction time for...

The dispatch opportunities provided by storage-enhanced Concentrating Solar Power (CSP) plants have direct implications on the investment decisions as not only nameplate capacity but also the storage capacity and the solar multiple play a crucial role for the viability of the plant investment....

Carbon Capture and Storage (CCS) is an emerging technology to mitigate greenhouse gas emissions from fossil fuel-fired power plants. In the wake of a rapidly changing German energy system, CCS can play an important role. By means of an online survey among 130 university students in Dresden, this...

The CDM Executive Board recently took a positive decision on programmatic CDM, also known as a CDM Programme of Activities. This prompts the author to present a new tool that has been developed recently for the Thai electricity market. The Renewable Energy Development (RED) Model, initially...