Download or read book Investments in Liberalized Electricity Markets and the Low Carbon Energy Transition written by and published by . This book was released on 2011 with total page 107 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Low carbon Transition of the European Electricity Sector written by Elsa Barazza and published by . This book was released on 2019 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The 2015 Paris Agreement seeks to limit global temperature increase to well below 2°C above pre-industrialised levels before the end of the century. To achieve this ambitious target the electricity sector needs to be decarbonised. This low-carbon transition requires substantial financial flows, and a re-allocation of capital towards low-carbon investments. However, clean-energy investments in Europe are declining, and a diversified investors landscape is becoming increasingly important to bridge the financing-gap, as strong financial pressures threaten incumbent utilities" role as investors. In order to support private sector actors" low-carbon investments, and prevent the lock-in of existing high carbon technologies, effective policies are needed, which acknowledge the heterogeneity and different micro-economic decisions of private sector actors. This research develops an agent-based model called BRAIN-Energy (Bounded Rationality Agents INvestments) which analyses the strategic investment decisions in power generation assets of different market players with bounded-rationality, and the effects of their myopic and path-dependent choices and their interactions on the long-run evolution of the electricity sector to 2050. BRAIN-Energy aims to address a gap in existing energy-modelling literature, where most studies assume homogeneous and perfectly rational agents, and lack attention to the actors" heterogeneity and bounded-rationality. Case studies are the UK, the German and the Italian electricity markets. Results from BRAIN-Energy show how conducive conditions for an effective allocation of investments between low-carbon and conventional generation technologies are determined by the interplay of the government"s and the market players" strategies. Moreover, BRAIN-Energy shows how an electricity sector with heterogeneous actors requires a stronger CO2 price to be decarbonised, which should be supported by frequent carbon budgets to be effective. Results also show how market players" heterogeneity and bounded-rationality create barriers to climate change mitigation efforts, by affecting the scenarios environmental performance and political dimension, especially when government intervention is lower. Hence, assuming rational and homogeneous agents in energy system models could lead to ineffective policies for energy transitions.
Download or read book Sustainable Energy Investment written by Joseph Nyangon and published by BoD – Books on Demand. This book was released on 2021-03-10 with total page 262 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines the technical, market, and policy innovations for unlocking sustainable investment in the energy sector. While finalizing this book, the COVID-19 pandemic is cutting a devastating swath through the global economy, causing the biggest fall in energy sector investment, exacerbating the global trade finance gap, worsening signs of growing income inequality, and devastating the health and livelihoods of millions. What is the parallel between the COVID-19 pandemic and the climate change crisis? The impacts of the global pandemic are expected to last for a few years, whereas those associated with the climate crisis will play out over several decades with potentially irreversible consequences. However, both show that the cost of inaction or delay in addressing the risks can lead to devastating outcomes or a greater probability of irreversible, catastrophic damages. In the context of sustainable energy investment and the transition to a low-carbon, climate-resilient economy, what ways can financial markets and institutions support net-zero-emission activities and the shift to a sustainable economy, including investment in energy efficiency, low-carbon and renewable energy technologies? This book provides students, policymakers, and energy investment professionals with the knowledge and theoretical tools necessary to address related questions in sustainable energy investment, risk management, and energy innovation agendas.
Download or read book Power Generation Investment in Electricity Markets written by International Energy Agency and published by International Energy Agency. This book was released on 2003 with total page 120 pages. Available in PDF, EPUB and Kindle. Book excerpt: On cover and title page: Energy market reform.
Download or read book Evolution of Global Electricity Markets written by Fereidoon Sioshansi and published by Academic Press. This book was released on 2013-06-10 with total page 867 pages. Available in PDF, EPUB and Kindle. Book excerpt: Get the latest on rapidly evolving global electricity markets direct from the scholars andthought leaders who are shaping reform. In this volume, dozens of world-class expertsfrom diverse regions provide a comprehensive assessment of the relevant issues intoday's electricity markets. Amid a seething backdrop of rising energy prices, concerns about environmentaldegradation, and the introduction of distributed sources and smart grids, increasinglystringent demands are being placed on the electric power sector to provide a morereliable, efficient delivery infrastructure, and more rational, cost-reflective prices. Thisbook maps out the electric industry's new paradigms, challenges and approaches,providing invaluable global perspective on this host of new and pressing issues beinginvestigated by research institutions worldwide. Companies engaged in the powersector's extensive value chain including utilities, generation, transmission & distributioncompanies, retailers, suppliers, regulators, market designers, and the investment &financial rating community will benefit from gaining a more nuanced understanding ofthe impacts of key market design and restructuring choices. How can problems beavoided? Why do some restructured markets appear to function better than others?Which technological implementations represent the best investments? Whichregulatory mechanisms will best support these new technologies? What lessons canbe learned from experiences in Norway, Australia, Texas, or the U.K.? Thesequestions and many more are undertaken by the brightest minds in the industry in thisone comprehensive, cutting-edge resource. - Features a unique global perspective from more than 40 recognized experts and scholars around the world, offering opportunities to compare and contrast a wide range of market structures - Analyzes how the implementation of existing and developing market designs impacts real-world issues such as pricing and reliability - Explains the latest thinking on timely issues such as current market reform proposals, restructuring, liberalization, privatization, capacity and energy markets, distributed and renewable energy integration, competitive generation and retail markets, and disaggregated vs. vertically integrated systems
Download or read book Competitive Electricity Markets written by Fereidoon Sioshansi and published by Elsevier. This book was released on 2011-10-10 with total page 625 pages. Available in PDF, EPUB and Kindle. Book excerpt: After 2 decades, policymakers and regulators agree that electricity market reform, liberalization and privatization remains partly art. Moreover, the international experience suggests that in nearly all cases, initial market reform leads to unintended consequences or introduces new risks, which must be addressed in subsequent “reform of the reforms. Competitive Electricity Markets describes the evolution of the market reform process including a number of challenging issues such as infrastructure investment, resource adequacy, capacity and demand participation, market power, distributed generation, renewable energy and global climate change. Sequel to Electricity Market Reform: An International Perspective in the same series published in 2006 Contributions from renowned scholars and practitioners on significant electricity market design and implementation issues Covers timely topics on the evolution of electricity market liberalization worldwide
Download or read book Liberalizing European Energy Markets written by Finn Roar Aune and published by Edward Elgar Publishing. This book was released on 2008 with total page 486 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents an economic analysis of the main effects of liberalizing the electricity and natural gas markets across Western Europe. It is based on a state-of-the art detailed numerical simulation model that takes account of the interlinkages between different energy markets. Short-run and long-run effects are identified and the robustness of results is tested. Separate chapters discuss climate policy, renewable energy and the role of Russia. A key finding is that liberalization lowers energy prices and increases consumption, particularly in the electricity markets where prices fall by 25 per cent on average in the short run. Effects are somewhat stronger in the long run, as investment options are utilized. The welfare benefits of liberalization are considerable in the long run. However, liberalization increases emissions of CO2. The welfare costs of fulfilling Western Europe's Kyoto obligations depend highly on the policies implemented, but are at least as large as the benefits of liberalization.
Download or read book Energy Market and Energy Transition Dynamics and Prospects written by Xunpeng (Roc) Shi and published by Frontiers Media SA. This book was released on 2021-06-04 with total page 279 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Electricity Market Reform written by Fereidoon Sioshansi and published by Elsevier. This book was released on 2006-04-13 with total page 687 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since the late 1980s, policy makers and regulators in a number of countries have liberalized, restructured or "deregulated their electric power sector, typically by introducing competition at the generation and retail level. These experiments have resulted in vastly different outcomes - some highly encouraging, others utterly disastrous. However, many countries continue along the same path for a variety of reasons. Electricity Market Reform examines the most important competitive electricity markets around the world and provides definitive answers as to why some markets have performed admirably, while others have utterly failed, often with dire financial and cost consequences. The lessons contained within are direct relevance to regulators, policy makers, the investment community, industry, academics and graduate students of electricity markets worldwide. - Covers electicity market liberalization and deregulation on a worldwide scale - Features expert contributions from key people within the electricity sector
Download or read book Sustainable Energy Development written by Elena V. Shabliy and published by Lexington Books. This book was released on 2024-08-15 with total page 261 pages. Available in PDF, EPUB and Kindle. Book excerpt: Sustainable Energy Development: Technology and Investment provides deeper insights into the connected realms of sustainable energy, economic growth, and political discourse, emphasizing the pivotal role of innovation, investment, and technology. This edited collection delves into the burgeoning intersection of capitalism and environmentalism, examining initiatives such as climate-conscious investment and the development of green technology. Climate change poses threats to human well-being, including complex ecosystems, global food security, and the pursuit of sustainable pathways. Historical temperature records serve as compelling evidence of climate change, illustrating global temperature increases across various countries and territories. The book offers profound insights into sustainable energy development, technology, and investment in climate-oriented solutions, elucidating both the opportunities and challenges of climate-aligned investment strategies.
Download or read book Transmission Network Investment in Liberalized Power Markets written by Mohammad Reza Hesamzadeh and published by Springer Nature. This book was released on 2020-09-10 with total page 590 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides a systematic overview of transmission network investment in liberalized power markets. Recent government policies to increase the share of intermittent renewable power generation and other technological innovations present new theoretical as well as practical challenges for transmission investments. Written by experts with a background in both economics and engineering, the book examines the economic and technical fundamentals of regulated and merchant transmission investment, and includes case studies of transmission investment in a number of countries. The book is divided into four parts: Part 1 introduces the basic economics and engineering of transmission network investment, while Part 2 discusses merchant investment in the transmission network. Part 3 then examines transmission investment coordination and smart grids, and lastly, Part 4 describes practical experiences of transmission network investment in power market in various countries.
Download or read book Making Energy Markets written by Ronan Bolton and published by . This book was released on 2021 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Making Energy Markets charts the emergence and early evolution of electricity markets in western Europe, covering the decade from the late 1980s to the late 1990s. Liberalising electricity marked a radical deviation from the established paradigm of state-controlled electricity systems which had become established across Europe after the Second World War. By studying early liberalisation processes in Britain and the Nordic region, and analysing the role of the EEC, the book shows that the creation of electricity markets involved political decisions about the feasibility and desirability of introducing competition into electricity supply industries. Competition introduced risks, so in designing the process politicians needed to evaluate who the likely winners and losers might be and the degree to which competition would impact key national industries reliant on cross-subsidies from the electricity sector, in particular coal mining, nuclear power and energy intensive production. The book discusses how an understanding of the origins of electricity markets and their political character can inform contemporary debates about renewables and low carbon energy transitions. .
Download or read book Climate Change and Power written by Christiaan Vrolijk and published by Routledge. This book was released on 2010-09-23 with total page 334 pages. Available in PDF, EPUB and Kindle. Book excerpt: 'This book provides an essential guide to the challenges facing the power sector, but is equally enlightening to other industrial emitters, policy-makers and non-governmental organizations.' Charles Nicholson, Group Senior Advisor, BP The electricity industry is one of the main contributors of carbon to the atmosphere. Reducing these emissions is critical to achieving international targets and mitigating climate change. Economic instruments, including emissions trading, taxes and voluntary agreements, will be crucial. However, across Europe there are widely different electricity systems and policies will have different effects. This book describes the characteristics of the main European electricity regimes, defining the range of instruments available and assessing the potential of each in each regime and for Europe as a whole.
Download or read book Decarbonisation and the Energy Industry written by Tade Oyewunmi and published by . This book was released on 2020 with total page 434 pages. Available in PDF, EPUB and Kindle. Book excerpt: Intro -- Table of Contents -- List of Contributors -- Introduction: Energy in a Carbon-Constrained World -- I. A Contextual Narrative for Energy Transitions and Decarbonisation -- II. A Look at Institutions and Regulation for Energy and Decarbonisation -- PART I: ENHANCING SECURE AND RELIABLE ACCESS TO SUSTAINABLE ENERGY SYSTEMS IN THE TWENTY-FIRST CENTURY -- 1. Tradeoffs and Tensions in the American Energy Transition -- I. Introduction -- II. The American Electricity Sector -- III. The Green Transition in the United States -- IV. Conclusion.
Download or read book Modeling Competition and Investment in Liberalized Electricity Markets written by Hannes Weigt and published by Sudwestdeutscher Verlag Fur Hochschulschriften AG. This book was released on 2010 with total page 180 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this thesis current questions regarding the functionality of liberalized electricity markets are studied addressing different topics of interest in two main directions: market power and competition policy on electricity wholesale markets, and network investments and incentive regulation. The former is studied based on the case of the German electricity market with respect to ex-post market power analysis and ex-ante remedy development. First an optimization model is designed to obtain the competitive benchmark which can be compared to the observed market outcomes between 2004 and 2006. In a second step the horizontal breaking up of dominant firms (divestiture) is simulated applying equilibrium techniques (the classical Cournot approach and the Supply Function Equilibrium approach). The later issue of transmission capacity investment is addressed by highlighting the complexity of network investments in electricity markets and by analyzing a regulatory mechanism with a two part tariff approach. The technical characteristics of power flows are combined with economic criteria and tested for different network settings.
Download or read book Electricity Market Design for a Decarbonised Future written by Donna Peng and published by . This book was released on 2017 with total page 70 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Competitive Electricity Markets and Sustainability written by François Lévêque and published by Edward Elgar Publishing. This book was released on 2006 with total page 328 pages. Available in PDF, EPUB and Kindle. Book excerpt: Talks about the opening up of electricity markets to competition, which changed the nature of power generation. This book explores whether or not market forces offer a sustainable future for electricity generation. Focusing on the EU and US liberalised electricity markets, it offers an assessment of the long-term consequences of liberalisation.
