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Improvement and expansion of the transmission grid is still an unresolved issue in the new competitive environment. In current electricity markets, transmission lines have become assets that need financial instruments for investors who wish to ensure steady long-term returns and to withstand...
Persistent link: https://www.econbiz.de/10008473895
How does financial performance risk affect investments in low-carbon electricity-generating technologies to achieve climate policy targets? A detailed risk simulation of price formation in the Great Britain wholesale power market is used to show that the increasing replacement of fossil...
Persistent link: https://www.econbiz.de/10010970620
This dissertation describes a strategy which makes all commuters better off (i.e. a Pareto efficient strategy) for the time-dependent morning commute problem, even if the collected revenues are not returned to the population of commuters. The proposed strategy will apply road pricing as a tool...
Persistent link: https://www.econbiz.de/10010598124
California has long recognized the potential for applying electronic and other transportation systems technologies to address the significant mobility and economic challenges in the state,and the rest of the nation.Through an aggressive Advanced Transportation Systems Program,Intelligent...
Persistent link: https://www.econbiz.de/10010537063
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Providing the right incentives for investment continues to be a major source of concern in the New Zealand electricity sector. This seminar outlines a decentralised incentive mechanism designed to encourage transmission investment within a competitive market environment based on a system that...
Persistent link: https://www.econbiz.de/10011199395
We present an incentive scheme to stimulate investment in the improvement/ expansion of the transmission network in the competitive market environment. The formulation of these incentives is based on a decentralized transmission asset investment model and is derived from the value added to the...
Persistent link: https://www.econbiz.de/10011199425
A method based on Empirical Martingale Simulation (EMS) is presented to evaluate investments in wind energy. Risk-neutral prices are calculated, where electricity market prices are modeled using an ARIMA–GARCH method which shows conditional heteroskedasticity. The values of the put options are...
Persistent link: https://www.econbiz.de/10011076452
Like in the film Field of Dreams, the sentence “if you build it, he will come” also applies in power systems. In this sense, if a transmission planner suggests building some lines in anticipation of generation capacity investments, then it can induce generation companies to invest in a more...
Persistent link: https://www.econbiz.de/10011039544