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The purpose of this article is to analyse the impact of residential electricity prices on energy intensity in Europe. The research is primarily based on a panel analysis for the European Union (EU-28) member states plus Norway over the period 1990–2015, to which a fixed-effect estimator was applied. The results suggest that the residential electricity price has one-third on energy intensity, taking...
This paper analyses how strongly EU energy policies have driven electricity wholesale prices. Especially, it investigates whether the activities of the Energy Union directed to increasing competition in the electricity system, creating an internal market without barriers for electricity flows, supplying sustainable and secure electricity, has led to a decline in electricity prices. Therefore, renewable...
In liberalized electricity markets participants are obliged to schedule their electricity plans in advance because in a power system, equilibrium of production and consumption must be kept at all times. In order for power system to function, market participants forecast their plans trying to minimize their load forecasting error. Deviations from their realized energy through sale and purchase of balancing...
In order to meet the 20-20-20 European energy policy commitments Spain should continue increasing the amount of electricity production from renewable energy sources (RES) along this decade. This paper analyzes the impact of the future RES deployment on the Spanish power system. Six scenarios are defined by setting different RES installed capacity targets and considering the uncertainty in fuel prices...
This paper demonstrates that cost-free allocation, commonly called grand-fathering, implies an increase in electricity prices even when strong competition prevails on electricity markets. As our estimations for Germany's power sector show, these price increases result in substantial windfall profits, giving rise to public skepticism and calls for an auctioning of certificates in the future. While...
The focus of the paper is on the long-term effects of the construction of a physical interconnection between SEE and Italy using a 1000-MW DC link from Italy to Albania. The impacts of this interconnection path are significant for the markets in Italy and SEE. The modeling issues are discussed and the simulation tool used to emulate the possible developments is presented. The use of scenario analysis...
Nowadays, the power production and transmission are substantial elements for the society, and will probably play a more important role in the future, but are also associated with various negative effects, which impose additional costs, the so called external costs. As long as these are not included in the electricity prices, market failures most often arise. In order to define expansion projects,...
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