The sale of “green power” (electricity generated using renewable energy sources such as wind, solar or geothermal power) to non-residential customers at a premium is one of several market-based approaches for supporting renewables. Why would profit-maximizing firms or budget-conscious institutions be willing to increase their own costs so as to provide environmental improvements which benefit e...

The authors ran a game-based simulation of an electric market with both an RPS and a cap-and-trade market greenhouse gas emissions allowances. High renewable energy shares reduced and shifted the output of therm units and pushed down both electricity and carbon pric The markets for renewable energy, carbon allowances, a spot and forward electricity interacted in complex wa that are relevant to ...

Currently, many socially responsible governments adopt economic incentives and deterrents to manage environmental impacts of electricity suppliers. Considering the Stackelberg leadership of the government, the government’s role in the competition of power plants in an electricity market is investigated. A one-population evolutionary game model of power plants is developed to study how their pro...

Against the backdrop of increasing energy demands, the threat of climate change and dwindling fuel reserves, finding reliable, diverse, sustainable/renewable, affordable energy resources has become a priority for many countries. Marine energy conversion systems are at the forefront of providing such a resource. Most marine renewable energy conversion systems require tribological components to c...

Nowadays, the power system utility has started to consider the green power technology in order for the world to have a healthier environment. A small-scale hybridized solar PV-AC grid (HSPVACG) power system is proposed to be developed to operate with AC grid. This system consists of a photovoltaic array installed on the rooftop. Moreover the roof is flat, which implies that system can be placed...

Offshore wind farm (WF) projects have been promoted by support schemes as part of the expansion of renewable energy resources in Korea. This paper examines in detail how the Renewable Portfolio Standard (RPS), which was adopted post the Feed-in-Tariff scheme in 2012, has had a profound impact on the economic benefits of offshore WFs in Korea. A framework for analyzing the economic viability of ...

The transformation of the energy supply needs further development of energy storage technologies in order to integrate the fluctuating renewable energy. The conversion of renewable wind power into green methane offers a technical approach with the necessary storage and transport capacities. Thus, the concept of Power-to-Gas which is illustrated here by the coupling of wind energy with a High Te...

This paper develops a theory of voluntary provision of a public good in which a household’s decision to engage in a form of environmentally friendly behavior is based on the desire to offset another behavior that is environmentally harmful. We apply the theory to a setting in which households may purchase green electricity in order to mitigate disutility associated with pollution emissions gene...