Investigating emission regulation policy in the electricity sector: modeling an oligopolistic electricity market under hourly cap-and-trade

2019 ◽  
Vol 78 ◽  
pp. 428-443
Author(s):  
Sameh El Khatib ◽  
Francisco D. Galiana
Keyword(s):  
Electricity Market ◽  
Electricity Sector ◽  
Cap And Trade ◽  
Regulation Policy ◽  
Emission Regulation

scholarly journals Hybrid Forecasting Model for Short-Term Electricity Market Prices with Renewable Integration

2018 ◽  
Vol 11 (1) ◽  
pp. 57 ◽  
Author(s):  
Gerardo Osório ◽  
Mohamed Lotfi ◽  
Miadreza Shafie-khah ◽  
Vasco Campos ◽  
João Catalão
Keyword(s):  
Electricity Market ◽  
Wavelet Transforms ◽  
Fuzzy Inference ◽  
Electricity Sector ◽  
Forecasting Model ◽  
Probabilistic Forecasting ◽  
Short Term ◽  
Market Prices ◽  
Inference System ◽  
Hybrid Particle Swarm Optimization

In recent years, there have been notable commitments and obligations by the electricity sector for more sustainable generation and delivery processes to reduce the environmental footprint. However, there is still a long way to go to achieve necessary sustainability goals while ensuring standards of robustness and the quality of power grids. One of the main challenges hindering this progress are uncertainties and stochasticity associated with the electricity sector and especially renewable generation. In this paradigm shift, forecasting tools are indispensable, and their utilization can significantly improve system operation and minimize costs associated with all related activities. Thus, forecasting tools have an essential key role in all decision-making stages. In this work, a hybrid probabilistic forecasting model (HPFM) was developed for short-term electricity market prices (EMP) combining wavelet transforms (WT), hybrid particle swarm optimization (DEEPSO), adaptive neuro-fuzzy inference system (ANFIS), and Monte Carlo simulation (MCS). The proposed hybrid probabilistic forecasting model (HPFM) was tested and validated with real data from the Spanish and Pennsylvania-New Jersey-Maryland (PJM) markets. The proposed model exhibited favorable results and performance in comparison with previously published work considering electricity market prices (EMP) data, which is notable.

Liberalisierungsversprechen und Regulierungsversagen - Das kalifornische Strommarktdebakel

2002 ◽  
Vol 51 (2) ◽  
Author(s):  
Lars Kumkar
Keyword(s):  
Electricity Market ◽  
Regulatory Policy ◽  
Present Situation ◽  
The Political ◽  
Regulation Policy ◽  
Essential Questions ◽  
Regulatory Failure ◽  
Incentive Constraints

AbstractThis paper discusses the California electricity market debacle and asks which lessons could be drawn from the Californian experience. It analyzes the market developments and depicts the reasons for the market meltdown. It is shown that the present situation in California may be only the calm before the next storm. Essential questions concerning regulatory policy are unsettled, and the Californian policymakers at present do not seem to be able to resolve the problems largely stemming from their own past decisions. The revealed regulatory failure demonstrates that design and analysis of adequate competition and regulation policy must explicitly consider incentive constraints in the political-regulatory area.

Responding to NAMAs and preparing for INDCs/NDCs

2017 ◽  
Vol 9 (1) ◽  
pp. 2-20
Author(s):  
Jui-Chu Lin ◽  
Wei-Ming Chen ◽  
Ding-Jang Chen
Keyword(s):  
Electricity Market ◽  
Ghg Emissions ◽  
Electricity Sector ◽  
Carbon Trading ◽  
Low Carbon ◽  
Content Type ◽  
Carbon Reduction ◽  
Ghg Reduction ◽  
Nationally Determined Contributions ◽  
Trading Scheme

Purpose In this paper, the international progress of Nationally Appropriate Mitigation Actions (NAMAs), Intended Nationally Determined Contributions (INDCs), and Nationally Determined Contributions (NDCs) under the United Nations Framework Convention on Climate Change are reviewed. The content of Taiwan’s NAMAs and INDCs are also investigated, especially with reference to actions for the electricity sector. To better understand the greenhouse gas (GHG) reduction contribution from the electricity sector, this paper aims to examine challenges and solutions for implementing a carbon trading mechanism in Taiwan’s monopolistic electricity market under the newly passed Greenhouse Gases Emissions Reduction and Management Act (GHG ERMA). Design/methodology/approach Carbon reduction strategies for the electricity sector are discussed by examining and explaining Taiwan’s official documents and the law of GHG ERMA. Findings This study finds that market mechanisms should be utilized to allocate appropriate costs and incentives for GHG reductions to transform Taiwan into a low-carbon society. Originality/value This study identifies strategies for the electricity sector to reduce GHG emissions, especially the operation of a carbon-trading scheme under a non-liberalized electricity market.

scholarly journals ADVANTAGES AND DISADVANTAGES OF THE CURRENT STATE OF ADMINISTRATIVE AND LEGAL REGULATION OF RELATIONS IN THE FIELD OF ELECTRICITY IN THE CONDITIONS OF UKRAINE'S EUROPEAN INTEGRATION

2020 ◽  
Vol 2 (4(106)) ◽  
pp. 123-129
Author(s):  
Д. А. Миколаєць
Keyword(s):  
Electricity Market ◽  
Energy Supply ◽  
Renewable Energy Sources ◽  
Legal Regulation ◽  
State Regulation ◽  
Electricity Sector ◽  
Local Networks ◽  
Advantages And Disadvantages ◽  
Current State ◽  
System Operator

The relevance of the article is that today, the use of electricity is an integral part of life and supports the normal implementation of the state social function, the function of protecting independence and territorial integrity. It is extremely important that the administrative and legal regulation of relations in the field of electricity meets modern socio-economic conditions, is independent of political factors and especially outside the legal and corrupt. The study of the current state of administrative and legal regulation of relations in the field of electricity will clarify the level of compliance and ways to improve the effectiveness of such regulation, its relevance. The article states that the distribution of electricity was not separated from the supply of electricity, which later led to the emergence of several energy supply companies in one area through the privatization of uncontrolled local networks, which were on the balance of enterprises in other industries (eg coal and metallurgy) , or through the alienation for debts of networks that were part of the regional energy supply company. In addition, methodological tools have been identified that determine the movement of the system of state regulation of the electricity sector. It is shown that in the conditions of the developed electricity market administrative-command management methods can be applied in fact only to state companies, in particular NEC "Ukrenergo" in terms of allocation of system operator and corporatization of the enterprise, which will transmit electricity through main and interstate networks. It is concluded that the current state of administrative and legal regulation of relations in the field of electricity is unstable, which is caused by the process of its reform. Positive aspects of the current situation include approaching market conditions, increasing proliferation of alternative and renewable energy sources and legislative encouragement of such activities, and the activities of authorized bodies have been improved, especially with regard to the administrative powers and tasks of the Regulator. At the same time, administrative and legal regulation should be aimed at meeting the needs of the population, especially the use of land for electricity, pricing, joint activities of authorized bodies. It should be emphasized that the existing shortcomings of administrative and legal regulation of relations in the field of electricity can be eliminated only comprehensively and consistently.

scholarly journals ELECTRICITY TARIFFS IN GEORGIA

World Science ◽  
2019 ◽  
Vol 1 (9(49)) ◽  
pp. 20-22
Author(s):  
Maka Jishkariani
Keyword(s):  
Electricity Market ◽  
Electricity Sector ◽  
Rate Of Return ◽  
Electricity Supply ◽  
Return Regulation ◽  
Electricity Tariff

Article discusses electricity tariff setting methods, such as: «Rate of Return Regulation», «Price Cup Regulation», «Return Assets Base (RAB)» and «Cost Plus». Meet the interests of electricity producers and consumers are one of the indicators of the health of the electricity sector. At present, the Georgian electricity market is striving to harmonize with EU standards and established electricity tariff methodology should be use the best method to encourage investors to invest in the field and expand their infrastructure while ensuring the reliability and efficiency of electricity supply.

scholarly journals COSTOS DE GENERACIÓN, INVERSIÓN Y PRECIOS DEL SECTOR ELÉCTRICO EN MÉXICO

2019 ◽  
Vol 78 (309) ◽  
pp. 58
Author(s):  
Alejandra Enríquez ◽  
José Carlos Ramírez ◽  
Juan Rosellón
Keyword(s):  
Electricity Market ◽  
Electricity Sector ◽  
Cost Curve ◽  
Transmission Congestion ◽  
Price Increases ◽  
Daily Data ◽  
Generation Cost ◽  
Generation Costs ◽  
La Red ◽  
The Relationship

<p>Los precios de la electricidad han registrado una marcada tendencia al alza desde la implementación de la reforma en el mercado eléctrico (RME) de México, que ha sido citada por algunos como evidencia de su fracaso. En este artículo estudiamos los determinantes de esa alza mediante la deducción de la curva de costos de generación de la Comisión Federal de Electricidad, antes de la entrada en vigor de la reforma, la construcción de datos horarios sobre precios promedios y el estudio de la relación entre precios y rentas de congestión. Los resultados principales del documento muestran que los tipos de tecnología de generación más rentables son los resultantes de la RME y que el aumento de los precios registrado durante los primeros años de la RME se explica, principalmente, por una creciente congestión de la red nacional de transmisión eléctrica más que por un diseño ineficiente de la competencia en el sector de generación.</p><p> </p><p align="center">GENERATION COSTS, INVESTMENT AND PRICES IN MEXICO’S ELECTRICITY SECTOR<strong></strong></p><p align="center"><strong>ABSTRACT</strong><strong> </strong><strong></strong></p>Electricity prices have seen a consistent upward trend since the implementation of Mexico’s electricity market reform (EMR). This has been interpreted by some as a failure of the EMR. In this paper we study the determinants of such price increases. We calculate the generation cost curve of the Federal Electricity Commission prior to the entry into force of the reform. We then construct daily data on average prices during the EMR. We also finally study the relationship between prices and transmission congestion rents. Our main results indicate that the most profitable types of generation technology are the ones resulting from the EMR. Likewise, price increases have taken place despite the existence of a considerably larger number of competitors in the generation sector. Lastly, the strong correlation between prices and congestion revenues is evidence that the increase in prices under the EMR is mainly due to the growing congestion in the national electricity transmission network rather than due to an inefficient competitive market design in the generation sector.

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