All decisions about investments in new generation, transmission, distributed energy resources and load management are based on expectations about future market conditions. This paper develops an analytical framework for evaluating forward contracts and investment decisions under the assumption that firms are risk averse. A fixed price/fixed quantity delivery contract forms the basis for the por...

This article intends to reflect the dynamism of the process of liberalization currently taking place in the Spanish and European electricity sector. It expresses the need for the utilization of an information system which may help companies in this sector make swifter purchases, sales and bids, study market trends, in addition to facilitating cost studies and forecasts for the distribution and ...

Today, in industrialised countries the energy distribution networks are structured like shown in Fig. 1. Large centralised power plants feed into a dense distribution network. In the future, this structure will face numerous problems, because it is not flexible regarding the relocation of primary energy sources, the optimisation of energy flows and energy costs. Within a deregulated energy mark...

Locational Marginal Pricing (LMP) is a method for energy pricing in deregulated power systems. Loss and congestion cause different prices for energy at load or generation buses. In this pricing method there is a different between payments of customers and revenue of generators which is called Merchandizing Surplus (MS). Independent System Operator (ISO) receives MS and generally renders it to T...

This paper introduces an application of financial risk management methods to the deregulated electricity markets. A framework for the Monte Carlo performance simulation of a power portfolio is presented. The optimal portfolio selection problem is addressed and a numerical method is implemented. Numerical results of simulation and optimization are presented in the Nordic electricity market. The ...

We present an \asset/liability" model for a hydropower producer operating in a deregulated electricity market. The focus in this modeling eeort is on the coordination of physical generation resources in the form of multiple hydropower reservoirs, with \paper" resources in the form of nancial instruments on electricity. These portfolio management instruments are available in functioning forward ...

Under deregulation, airlines developed hub-and-spoke (HS) networks enabling them to aggregate demand, increase frequency, reduce airfares and prevent entry into the marketplace. This research evaluates airline pro®t based on microeconomic theory of behaviour under deregulation. Through a two-stage Nash best-response game, equilibria in the air transportation industry is sought to evaluate the m...

This thesis examines the impact of the deregulation of the energy market on decision making and optimisation in utilities and demonstrates how decision support applications can solve specific encountered tasks in this context. The themes of the thesis are presented in different frameworks in order to clarify the complex decision making and optimisation environment where new sources of uncertain...

Theories of market-based school reform suggest that teacher labor markets may be inefficient because schools lack autonomy to incentivize performance in hiring, retention, and compensation. We test this empirically by comparing exits the deregulated market New Orleans with neighboring traditional districts. find relationship between retention is stronger market. also positive associations salar...