UK electricity market changes provide opportunities to alter households’ electricity usage patterns for the benefit of the overall electricity network. Work on clustering similar households has concentrated on daily load profiles and the variability in regular household behaviours has not been considered. Those households with most variability in regular activities may be the most receptive to ...

The modern trend in electricity industries around the world is towards increasing competition through deregulation and privatisation. For example, movement towards one large EU-wide market began in 1996 with EU Directive 96/92, which sets out common rules and targets concerning competition, unbundling and transparency. However, the particular nature of electricity generation and supply means so...

it can be argued that fuel and energy sector plays a crucial part in the countries' development and improvement of people's living standards, constituting a pillar of economic development for nations. electricity is considered as an infrastructure for economic, social and cultural development in a way that the growth in electric power is evaluated as an indicator for measuring the gro...

..................................................................................................................................................................... ii

In the restructured environment of electricity market, firstly the generating companies and the customers are looking for maximizing their profit and secondly independent system operator is looking for the stability of the power network and maximizing social welfare. In this paper, a one way auction in the electricity market for the generator companies is considered in both perfect and imperfec...

In this paper we propose a vine copula based Monte Carlo simulation model for estimating Portfolio Value at Risk. The vine copula model is introduced to analyze the complex dependence structure of different regional markets in the typical financial markets. Then we construct the vine copula based Portfolio Value at Risk model, taking into account the identified high dimensional dependence struc...

We estimate the impact of large changes in the relative prices of natural gas and coal from 2005-2011, due primarily to “fracking,” on regional electricity marginal costs and air pollution emissions from electricity producers. We find strong evidence that natural gas is displacing coal as baseload. We estimate marginal emissions over the generation profile for each region in the U.S. using a no...

Upstream producers that possess market power, sell forwards with a lengthy duration to regional electricity companies (REC). As part of the liberalization of the electricity market, RECs have been privatized and exposed to a possible bankruptcy threat if spot prices have fallen below their expected value. The downstream firms’ expected profit is larger, when it is less likely to be bailed out, ...