This paper provides new estimates of efficient emission fees for sulfur dioxide (SO2) and nitrogen oxides (NOx) emissions in the US electricity sector. The estimates are obtained by coupling a detailed simulation model of the US electricity markets with an integrated assessment model that links changes in emissions with atmospheric transport, environmental endpoints, and valuation of impacts. E...

RFF’s Haiku model is a simulation of regional electricity markets and interregional electricity trade in the continental United States. The model accounts for capacity planning, investment, and retirement over a multi-year horizon and for system operation over seasons of the year and times of day. Electricity demand is represented by price-sensitive demand schedules by customer class, and chang...

in restructured power systems and in a wholesale power market, a distribution company as a market player intends to maximize its profit by utilizing its options. hence determining an optimal energy acquisition strategy for a distribution company is vital, for attaining to this goal. however an important challenge for determining these strategies is forecasting other competitors and generation c...

Offshore wind offers a very large clean power resource, but electricity from the first US offshore wind contracts is costlier than current regional wholesale electricity prices. To better understand the factors that drive these costs, we develop a pro-forma cash flow model to calculate two results: the levelized cost of energy, and the breakeven price required for financial viability. We then d...

Speed and availability of information, delivered in past years by Internet technologies, made it easier for any company to outsource primary activities, which resulted in unbundling of many companies’ traditional value constellations into networks of different companies. In the electricity power sector decomposition of the value constellation is not only enabled by technological advances such a...

This thesis investigates the dynamics of electricity generation systems that involve high levels of wind power. Methods to account for wind power variability in electricity-dispatch models are explored, and the impact of wind power variability on the optimal output of the generation units, so as to meet the system load with the lowest possible cost (economic dispatch), is analyzed for several s...

In the last decade the electric energy market as changed is structure in several countries, mainly in the most developed, ones where the regulated activity of electrical companies where a monopoly or an oligopoly of all sectors from generation to the distribution. Changes brought new structures and new markets. The first market is between the generation plants and the wholesalers. The second ma...

In the last two decades, the liberalization of the electricity markets have been established in order to increase efficiency, harmonize and reduce electricity prices, make a better use of resources, give customers the right to choose their supplier and provide customers with a better service. This change made the electricity market competitive and introduced several new subjects. In this paper,...