Laura M. Andersen, Lars Gårn Hansen, Carsten Lynge Jensen, Frank Wolak
We report results from a large field experiment that with a few hours prior notice provided Danish residential consumers with dynamic price and environmental signals aimed at causing them to shift...
Charging full requirements customers for distribution network services using the traditional cents per kilowatt-hour (KWh) price creates economic incentives for consumers to invest in distributed...
We show that a common regulatory mandate in electricity markets that employ locational marginal pricing (LMP) requiring all electricity retailers to purchase their wholesale electricity at the same...
Egill Tómasson, Mohammad Reza Hesamzadeh, Frank Wolak
This paper proposes a model of the behavior of an expected profit-maximizing merchant storage owner with the ability to exercise unilateral market power.
Jennifer Burney, Halimatou Alaofè, Rosamond L. Naylor, Douglas Taren
Although development organizations agree that reliable access to energy and energy services—one of the 17 Sustainable Development Goals—is likely to have profound and perhaps disproportionate...
This paper identifies the key features of successful electricity market designs that are particularly relevant to the experience of low-income countries.
A spatial equilibrium model of the world coal market is developed that accounts for coal to natural gas switching in the electricity sector in the United States and Europe, the potential for China...
Hourly plant-level wind and solar generation output and real-time price data for one year from the California ISO control area is used to estimate the vector of means and the contemporaneous...
We explored the potential to colocate solar installations and agriculture.Water use at solar installations are similar to amounts required for desert plants.Co-located systems are economically...
Executive summary:Statoil was founded in 1972 as the national oil company (NOC) of Norway. Along with Brazil's Petrobras, Statoil today is a leader in several technological areas including...
This report points out a number of aspects of the existing electricity market design in Colombia that could be contributing to the periods of high short-term prices observed several times since...
In most resource-rich countries, natural wealth does not translate into prosperity for the majority of inhabitants, but instead leads to environmental and economic devastation, and hampers...
This working paper first develops a Reference Case that allows required rates of return on investments in energy infrastructure to vary geographically.
