Remarkably higher expected shares of variable renewable energy sources for electricity generation (RES-Electricity) than those available today will be a great challenge for the European power system. Bulk electricity storage technologies— that is, pumped hydro energy storage—are considered a key component while facing these future challenges. The conducted analysis is based on the modeling resu...

In this paper we deal with the European electricity market liberalization problem, formulated as a game with electricity producers as players, while the consumers’ electricity demand is exogenous. The producers maximize their profit by choosing how much electricity they will produce individually by means of electricity production available to them. The aim of the research presented in this pape...

Accurate modeling and forecasting monthly electricity consumption are the keys to optimizing energy management and planning. This paper examines the seasonal characteristics of electricity consumption in Hong Kong—a subtropical city with 7 million people. Using the data from January 1970 to December 2014, two novel nonlinear seasonal models for electricity consumption in the residential and com...

By international standards the economy of South Africa is extremely energy intensive with only a few countries having higher intensities. SA’s primary energy use per unit of GDP is amongst the highest in the world The high energy and electricity intensity of the economy partly reflects SA’s resource endowments (in particular the abundance of coal) but is also a function of the historical under-...

1 Background In many regions, electricity demand varies significantly based on time of day. The difference in electricity demand between peak and off-peak time periods has increased annually in Japan.1 A decreased load factor implies a high adjustment of electricity supply. Thus, electricity suppliers must increase the electricity price, which might lead to a decrease in consumer welfare. To re...

Various types of renewable electricity policies exist both at the federal and state levels. They are designed to directly or indirectly incentivize producers and consumers of renewable electricity. The existence of renewable electricity policies can be explained by the market failure theory. Without proper government intervention, renewable electricity would be underprovided due to positive ext...

This chapter presents some results of an econometric analysis (developed in Patrick and Wolak 2001b) of customer-level demands for electricity of large and medium-sized industrial and commercial customers purchasing electricity under half-hourly spot prices and demand charges coincident with system peaks in the England and Wales (E&W) electricity market. These estimates can be used to forecast ...

Electricity security, generally referring to a system’s capability to provide electricity to its users, is a multi-faceted problem attracting mounting attention from policy makers and scientists around the world. Electricity security encompasses largely different properties based upon the time/geographical scales of the factors affecting electricity delivery; it is challenged by threats surfaci...