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EBookClubs

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Book Energy Abstracts for Policy Analysis

Download or read book Energy Abstracts for Policy Analysis written by and published by . This book was released on 1989 with total page 538 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Book Peak load Pricing

Download or read book Peak load Pricing written by Bridger M. Mitchell and published by HarperTorch. This book was released on 1978 with total page 280 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Book An Analysis of Time Based Pricing in Retail Electricity Markets

Download or read book An Analysis of Time Based Pricing in Retail Electricity Markets written by Baris Ata and published by . This book was released on 2018 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt: Problem Definition: We empirically evaluate the short-term effects of time-based tariffs on the electricity demand, consumer welfare, retailers and the environment.Academic/Practical Relevance: Electricity retailers around the world have been introducing time-based pricing programs. We study the short-term impact of such tariffs empirically.Methodology: We build a structural estimation model of household electricity demand and analyze a data set from an Irish field experiment, consisting of the half-hourly electricity consumption of over three thousand households, combined with the wholesale price, system load and generation data. Using the estimates from the structural model, we conduct a counterfactual study to explore various questions of practical importance.Results: Our empirical analysis reveals that focusing on the peak-load reduction metric, one can design a flexible time-of-use (TOU) tariff that is simple and predictable yet performs as well as real-time pricing (RTP) given a fixed time horizon for evaluation. The annual electricity bills of consumers decrease only slightly when they switch from the flat rate to time-based tariffs, but there can be significant volatility in month to month bills under time-based tariffs. In contrast, the more flexible a tariff in terms of pricing, the less volatility it creates in retailer's profits throughout the year. Finally, switching from the flat rate to time-based tariffs would not change the carbon dioxide emissions from electricity generation in Ireland significantly.Managerial Implications: We find that time-based tariffs are effective in peak load reduction. However, the most appropriate time-based tariff depends on the context. If the goal is mitigating demand spikes over very short time spans, e.g. hours, then RTP is the most effective one. If the performance-relevant time horizon is longer, e.g. a month or a season, then a carefully designed TOU tariff with pre-determined rates can be just as effective as RTP. Consumers and retailers are largely unaffected by time-based tariffs which suggests that their adoption may be harder under opt-in policies, compared to opt-out policies. From an environmental perspective, our result that the carbon dioxide emissions do not increase facilitates the adoption of time-based tariffs.

Book Lessons to be Learned from the Los Angeles Rate Experiment in Electricity

Download or read book Lessons to be Learned from the Los Angeles Rate Experiment in Electricity written by Jan Paul Acton and published by RAND Corporation. This book was released on 1978 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Book Peak load Pricing of Electricity

Download or read book Peak load Pricing of Electricity written by Jan Paul Acton and published by . This book was released on 1978 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Book Peak Load and Capacity Pricing

Download or read book Peak Load and Capacity Pricing written by C. Harris and published by Springer. This book was released on 2015-04-09 with total page 265 pages. Available in PDF, EPUB and Kindle. Book excerpt: Peak Load and Capacity Pricing lays out clear pricing strategies for understanding peak load and capacity pricing structures, further cementing electricity's role as an asset class with fixed and variable costs.

Book Three Essays on Empirical Analysis of United States Electricity Markets

Download or read book Three Essays on Empirical Analysis of United States Electricity Markets written by Suman Gautam and published by . This book was released on 2014 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: In this Dissertation, three independent studies analyze the impact of recent changes in both supply and demand sides of the U.S. electricity sector. Below is a brief description of three essays. I. Coal Plant's Response to Renewable Portfolio StandardsRenewable Portfolio standards require load-serving entities to purchase a given percentage of their electricity sales from eligible renewable energy technologies. This study analyzes the impact of RPS on the coal utilization by coal plants of Pennsylvania, New Jersey, and Maryland (PJM) electricity market. We develop a panel dataset of 259 unique PJM coal-fired utility plants' integrating their fuel purchases with state-level RPS energy mandates, electricity prices, and fuel prices from 2001 to 2011, covering both pre-RPS and post-RPS era. Since selection of RPS policies may be non-random, we employ a two-step Heckit model to control for states' decision to adopt an RPS and choose yearly RPS levels. The results show that a percentage point increase in state's yearly energy target increases the average plant's coal purchase by 45 thousand tons. These results are approximately consistent across selection-corrected models. The analysis showing the positive impact of RPS yearly targets on PJM coal plants' coal purchases suggests a few things. There are fewer coal plants operating at the margin. Moreover, RPS yearly energy targets are fairly low at present; they are scheduled to increase considerably in coming years. Renewable Portfolio Standards may decrease the amount of fuel utilized by coal plants when RPS mandates increase in future. II. Residential Customers Response to Critical Peak Events of Electricity: Green Mountain Power ExperienceDemand response (DR) programs, usually through peak pricing and incentive-based approaches, can encourage customers to reduce or shift consumption during peak periods. This benefits utilities by lowering short-run generation costs and reducing the need for some long-run peak-driven investments. This paper analyzes the impact of Vermont's Green Mountain Power's (GMP) emergency DR programs on residential customers' electricity consumption during a two-year pilot study program in 2012--2013. The 3,735 single-home residents of Central Vermont area were separated into six treatment groups and two control groups resulting into 26 million hourly load observations during the period of the study. Our analysis shows that incentive-based demand response programs have statistically significant impacts on reducing peak load. Specifically, CPR rates reduced peak load usage 6% to 7.7% and CPP rates reduced peak load between 6.8% and 10.3% during critical peak events. Moreover, on average, IHD-equipped participants' monthly energy consumption was 2.0% to 5.3% lower than the monthly energy usage of non-IHD customers. However, none of the CP rate and IHD treatments induced a persistent response across multiple critical events and none of the treatment groups exhibited a consistent response to critical peak events. Based on our evaluation of GMP's DR programs during 2012 and 2013, neither critical peak pricing nor rebates are themselves sufficient to substitute for new capacity to meet resource adequacy requirements.III. Analysis of Load and Price patterns in the U.S. Electricity SectorThe study analyzes hourly electricity loads and marginal costs of electric entities with of extreme value theory (EVT), a concept widely used in the financial sector. For each year's hourly data of balancing authorities and utilities, we fit generalized extreme value (GEV) distribution and estimate the parameters of the distribution with an aim of comparing how these parameters have changed over time and market regions. We also account for the time dependencies, seasonalities, and near-time clustering present in the electricity markets -- both for electricity load and prices -- with the help of autoregressive conditional hetereskedastic models. The results show that the distributions of hourly load and lambda values are fat tailed. Hourly lambda values have more extreme values generating fatter tails than hourly electricity load. We also show that extreme tail quantiles estimated with the GEV parameters at different percentile levels are comparable with the percentiles of actual observations.

Book Dissertation Abstracts International

Download or read book Dissertation Abstracts International written by and published by . This book was released on 1991 with total page 562 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Book A New Econometric Approach to Modelling Peak Load Pricing Policies

Download or read book A New Econometric Approach to Modelling Peak Load Pricing Policies written by Ali Akbar Jazayeri and published by . This book was released on 1984 with total page 412 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Book Evaluating Time of day Electricity Rates for Residential Customers

Download or read book Evaluating Time of day Electricity Rates for Residential Customers written by Jan Paul Acton and published by RAND Corporation. This book was released on 1979 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Book Understanding Urban Residential Electricity Usage Behavior Under Time of use Pricing

Download or read book Understanding Urban Residential Electricity Usage Behavior Under Time of use Pricing written by Jing Ge and published by . This book was released on 2015 with total page 470 pages. Available in PDF, EPUB and Kindle. Book excerpt: An important role for residential customers to engage in peak shifting or energy conservation behaviors. As a result of this study, based on strong empirical and measured data, the design and implementation strategies of pricing program, as well as supporting approaches including communication, are proposed to further shift peak load, enhance gird reliability, and facilitate carbon emissions mitigation. 3.

Book Smart Energy Management

Download or read book Smart Energy Management written by Kaile Zhou and published by Springer Nature. This book was released on 2022-02-04 with total page 317 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides a relatively whole view of data-driven decision-making methods for energy service innovation and energy system optimization. Through personalized energy services provision and energy efficiency improvement, the book can contribute to the green transformation of energy system and the sustainable development of the society. The book gives a new way to achieve smart energy management, based on various data mining and machine learning methods, including fuzzy clustering, shape-based clustering, ensemble clustering, deep learning, and reinforcement learning. The applications of these data-driven methods in improving energy efficiency and supporting energy service innovation are presented. Moreover, this book also investigates the role of blockchain in supporting peer-to-peer (P2P) electricity trading innovation, thus supporting smart energy management. The general scope of this book mainly includes load clustering, load forecasting, price-based demand response, incentive-based demand response, and energy blockchain-based electricity trading. The intended readership of the book includes researchers and engineers in related areas, graduate and undergraduate students in university, and some other general interested audience. The important features of the book are: (1) it introduces various data-driven methods for achieving different smart energy management tasks; (2) it investigates the role of data-driven methods in supporting various energy service innovation; and (3) it explores energy blockchain in P2P electricity trading, and thus supporting smart energy management.

Book A Guide to Price Elasticities of Demand for Energy

Download or read book A Guide to Price Elasticities of Demand for Energy written by James A. Edmonds and published by . This book was released on 1978 with total page 152 pages. Available in PDF, EPUB and Kindle. Book excerpt: