When it comes to conserving electricity, it is crucial for users to understand how much electricity is used by single appliances. However, the rather technical feedback in pure numbers and intangible units of existing energy feedback systems is not appropriate for most users. To improve this situation, we present PowerPedia, a system that aims at providing action guiding feedback beyond pure co...

This paper presents evidence on a national-level electricity ladder which sees countries transition toward coal and natural gas, and finally nuclear power and modern renewables such as wind power, for their electricity needs as they develop. The extent to which countries climb the electricity ladder is dependent on energy endowments. The results imply that the environmental implications of econ...

In recent years, energy predicament and environmental problems in the world caused by fossil fuels combustion make us to pay serious attention to optimizing energy consumption and using renewable energies. One of the potential renewable energies which can be helpful in electricity generation is harness wind and water energy or using these two kinds of energy simultaneously. In this study, to pr...

E nergy is one of the main and essential factors in economic growth. Electricity as one of the most important resources of energy supply for economic sectors on one hand, and as an index of welfare, on the other hand, is one of the economic development benchmarks. The growth of GDP will increase the demand for energy resources, including electricity. Hence, policymakers should pay at...

This paper investigates three models to implement Tradable Green Certificates (TGC) system with aid of game theory approach. In particular, the competition between thermal and renewable power plants is formulated in three models: namely cooperative, Nash and Stackelberg game models. The price of TGC is assumed to be determined by the legislative body (government) which is fixed. Numerical examp...

This paper addresses quantity risk in the electricity market and explores several ways of managing such risk. The paper also addresses the hedging problem of a load-serving entity, which provides electricity service at a regulated price in electricity markets with price and quantity risk. Exploiting the correlation between consumption volume and spot price of electricity, an optimal zero-cost h...

a r t i c l e i n f o Electricity producers participating in electricity markets face risks pertaining to both selling prices and the availability of the production units. Among electricity derivatives, options represent an adequate instrument to manage these risks. In this paper, we propose a multi-stage stochastic model to determine the optimal selling strategy of a risk-averse electricity pr...

In open electricity market, electricity purchasers will trade in two different ways of marketing. Contract and power auction market, a typical decisionmaking is how to determine purchasing proportion of two markets to reduce purchase expenses and avoid risks. Based on chance-constrained programming, a new purchase decision-making optimization model with stochastic constraint of Distribution Com...

p2,-7 The fluid model of electricity is not simply folk-lore. It was proposed independently in 1747 by William Watson in London and Benjamin Franklin in Philadelphia. It had the important consequence of implying the conservation of the total quantity of electricity. Both took advantage of the recent invention of the ‘Leyden jar’ for storing electricity when conducting their experiments. Benjami...