Ovidius University Annals, Series Economic Sciences. 2019, Vol. 19 Issue 2, p607-613. 7p.
Marketing strategy, Renewable energy sources, and Electricity
The presence of electricity in any activity undertaken by any citizen, the importance of its efficient use in order to protect the environment and concern for future generations, are three important aspects that have been highlighted over time and from which the importance of this sector can emerge. Due to its importance, the energy market involves, on the one hand, the analysis of the existence of electricity resources, and on the other hand the analysis of the entire stages completed from the moment of production to the final consumer. Starting from these elements, the objective of this work is to contribute to the scientific research on the particularities generated by the electricity market, analyzing also the way of trading the electricity produced from renewable energy sources, but also the costs that it generates for consumers. [ABSTRACT FROM AUTHOR]
Oprea, Simona Vasilica, Bologa, Ramona Ana, and Andreescu, Anca Ioana
Ovidius University Annals, Series Economic Sciences. 2019, Vol. 19 Issue 2, p334-344. 11p.
Market design & structure (Economics), Industrialized building, Systems design, Electricity, and Energy development
One of the most important and well-known characteristics of the electricity is the necessity to balance almost perfectly the load with generation for each moment of the power system operation. This characteristic, coming from the very beginnings of the power systems design and building, has shaped the operational rules of the power systems and more recently has also shaped the electricity markets structure. The basic parameter used for designing various electricity markets is time. Also, the recent developments of renewable energy lead to a higher complexity of the power systems operation and as a direct consequence a higher complexity of the electricity market structure. Hence, nowadays, it is very difficult for a generation owner to optimize the operation of his asset from all points of view: technical, financial, etc. The main objective of this paper is to develop an electricity market simulator that includes the basics of a good practice guide starting from the use cases for generators or producers that compete on different electricity markets in order to maximize their financial results and efficiency. Thus, this paper mainly proposes to uncover the functionalities a simulator should have to assist market players to access different electricity markets. [ABSTRACT FROM AUTHOR]
Ovidius University Annals, Series Economic Sciences. 2019, Vol. 19 Issue 1, p339-346. 8p.
Electric power production, Emissions trading, Electricity, and Debates & debating
Investments in the modernisation of the electricity sector in certain lower income EU Member States are supported by the provisions of article 10c of the EU ETS Directive as derogation from the general rule of buying the necessary volume of EU allowances (EUA) thorough the auctioning method from the carbon market. Eight out of ten eligible Member States, including Romania make use of this derogation and allocate to the production of electricity a number of allowances for free if investments for modernization of the energy system are carried out. The objective of the paper is to analyze the benefits and costs when implementing the ETS derogation for the power sector, across EU and in Romania, according to the EU legislation and national procedure. The outcome of the paper is to set up a starting point for further debates and also the development of a point of view/analyse in the field. [ABSTRACT FROM AUTHOR]
Atanda, Isola Wakeel, Peter, Mesagan Ekundayo, and Yasiru, Alimi Olorunfemi
Ovidius University Annals, Series Economic Sciences. 2017, Vol. 17 Issue 2, p23-28. 6p.
Petroleum industry, Energy consumption, Supply & demand, Microeconomics, and Urbanization
This study examined the nexus between urbanization and energy crisis in Lagos State using questionnaire to elicit information from one hundred randomly selected Lagos residents in Akoka and Onike areas. The study identified the energy supply gap within the Lagos metropolis and found that the energy requirement in the state for industrial, commercial, and domestic needs is not met by supply. It was observed that urbanisation is the root cause of energy crisis in the state and generators provides the main coping strategy for residents. It is therefore recommended that Lagos state should be allowed to generate its own electricity and distribute appropriately among the residents as against the current practice of contributing its generated power to the national grid. [ABSTRACT FROM AUTHOR]
Dana-Elena, Marcean, Liviu, Brăiloiu, and Tania, Caraman
Ovidius University Annals, Series Economic Sciences. 2012, Vol. 12 Issue 2, p455-458. 4p.
International competition, Financial markets, Stock exchanges, Securities trading, and Electricity
In economic terms, electricity is a product that can be bought, sold or traded. Therefore, this product may give rise to a market. In the context of global economy, electric energy market had specific different features for its development, these situations being also found in the European Union. Regardless of these aspect, the Union tends to uniformity; the shape of energy markets desirable needs to achieve full transparency, following the example of stock exchange markets. Wholesale trading of electricity is carried out by an independent entity specifically and exclusively constituted for this purpose, entity referred to as "market operator". Specific to this type of market is that the operator must have extensive knowledge not only of commerce, but also technical knowledge specific to this field, in order to properly balance the potential market with the absorption capacity. [ABSTRACT FROM AUTHOR]