Demand-side flexibility in distribution grids: voluntary versus mandatory contracting

Valuing flexibility in demand-side response: A real options approach

The investment interests in the electricity industry are transmitted through various mechanisms to other economic activities. This paper considers methods for esteeming the adaptability of demand-side response (DSR) in its capacity to react to future uncertainties. The capacity to evaluate this adaptability is particularly critical for vitality frameworks speculations given their extensive and ...

Voluntary Audits versus Mandatory Audits

Exploiting a natural experiment in which voluntary audits replace mandatory audits for U.K. private companies, we analyze whether imposing audits suppresses valuable information about the types of companies that would voluntarily choose to be audited. We control for the assurance benefits of auditing to isolate the role signaling plays by focusing on companies that are audited under both regime...

Mandatory Versus Voluntary Disclosure of Product Risks

We analyze amodel in which firms are able to acquire information about product risks and may or may not be required to disclose this information. We initially study the effect of disclosure rules assuming that firms are not liable for the harm caused by their products. Mandatory disclosure is obviously superior to voluntary disclosure given the information about product risks that firms possess...

Dso Congestion Management Using Demand Side Flexibility

The increase in electricity demand has exerted pressure on distribution networks to provide efficient and reliable services. In addition to this, the deployment of Distributed energy resources (DERs) is increasing vastly. Thus, new strategies for congestion management are required to cope with these new changes. This paper, proposes an algorithm to optimize the total operational cost of Distrib...

Voluntary versus Mandatory Approaches To Climate Change Mitigation