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We estimate the welfare implications of a cost-reflective 'Coasian' reform of electricity network tariffs using an … Irish case study. We find that current Distribution Use of System (DUoS) tariffs deviate considerably from a cost … tariffs represent a costly distributional policy. We demonstrate that it is more efficient to counter the regressive effects …
Persistent link: https://www.econbiz.de/10013548736
I show that British electricity tariffs create substantial welfare loss, equivalent to between six and eighteen percent … adoptees at the expense of non-adoptees as tariffs are recalibrated to recover fixed costs. Reform on Coasian principles avoids …
Persistent link: https://www.econbiz.de/10012907391
Most electricity systems face contractual fixed consumer prices in the short term, that is, load and price are fixed before the random supply of renewables like wind or solar realizes. Steam power plants also make production decisions before such a random supply realizes. These capacities cannot...
Persistent link: https://www.econbiz.de/10011882245
With the ongoing rollout of smart meters in Ireland, time-of-use (ToU) tariffs are currently being introduced as a new … way to pay for electricity. Such tariffs can bring important benefits to both consumers and society, in terms of reduced … tariffs than others. Communication around ToU tariffs thus needs to explain both benefits and challenges successfully; it …
Persistent link: https://www.econbiz.de/10012584066
Persistent link: https://www.econbiz.de/10014481299
Dual pricing is a practice through which resource-endowed states sell their energy resources at significantly lower prices on the domestic market, as compared to the price on the export market. Dual pricing could be considered an environmentally harmful fossil fuel subsidy: States that maintain...
Persistent link: https://www.econbiz.de/10012931636
To date, the distributive implications of incentive regulation on electricity transmission networks have not been explicitly studied in the literature. More specifically, the parameters that a regulator might use to achieve distributive efficiency under price-cap regulation have not yet been...
Persistent link: https://www.econbiz.de/10014153552
We extend the theory of peak-load pricing by considering that the production with different technologies can be adjusted within their capacity at different speeds. In the established analysis, all production decisions can be made after the random variables realize. In our setting, in contrast,...
Persistent link: https://www.econbiz.de/10011881657
Increasing shares of intermittent renewable energies challenge the classical way to trade electricity ex-ante: Coal power plants and consumers cannot react to the stochastic element of renewables, whereas gas turbines can. We use a theoretical model to analyze consumer behavior and incentives of...
Persistent link: https://www.econbiz.de/10012847072
Increasing shares of intermittent renewable energies challenge the dominant way to trade electricity ex-ante in forward, day-ahead, and intraday markets: Coal power plants and consumers cannot react to the stochastic element of renewables, whereas gas turbines can. We use a theoretical model to...
Persistent link: https://www.econbiz.de/10012319319