We propose a model where wholesale electricity prices are explained by two state variables: demand and capacity. We …, England and Wales, and Nord Pool markets. Our empirical findings indicate that volatility of demand is seasonal and that the … market price of demand risk is also seasonal and positive, both of which exert an upward (seasonal) pressure on the price of …

the time of the year. Most of the reversion back to oil occurs in spring and summer when demand for gas to heating and … electricity is low and net-availability and transport capacity high. Accounting for periods of gas specific pricing is relevant … prevalent in recent years, i.e., we find no evidence of underinvestment in capacity after deregulation. …

-- Integrated Resource Planning (IRP) - which incorporates demand-side management (DSM) programs whenever the marginal cost of the … valuable information to the participants in an EIS process involving capacity expansion of an electric or gas utility. The … expansion path for each altemative, the detailed quantification of environmental damages associated with capacity expansion, and …

line, 2 - voltage support, 3 - demand reduction, 4 - combustion turbines. The evaluation factors include measures of …

construction projects to demand over capacity ratio of the industry, which represents the industry's economic condition. The model … application process developed in this research can be used to assist a planning process for an industry where a demand, capacity …

the time of the year. Most of the reversion back to oil occurs in spring and summer when demand for gas to heating and … electricity is low and net-availability and transport capacity high. Accounting for periods of gas specific pricing is relevant … prevalent in recent years, i.e., we find no evidence of underinvestment in capacity after deregulation. …

the time of the year. Most of the reversion back to oil occurs in spring and summer when demand for gas to heating and … electricity is low and net-availability and transport capacity high. Accounting for periods of gas specific pricing is relevant … prevalent in recent years, i.e., we find no evidence of underinvestment in capacity after deregulation. …

demand elicitation effect. Both stem from the risk of unmet demand, which is characteristic of capacity decisions under …This paper studies the interplay between the operational and financial facets of capacity investment. We consider the … capacity choice problem of a firm with limited liquidity and whose access to external capital markets is hampered by moral …