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Capel Sáez, Horacio
- Biblio 3w: revista bibliográfica de geografía y ciencias sociales; 2019: Vol.: 24
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electricidad, energía hidroeléctrica, patrimonio industrial, electricity, hydroelectric power, and industrial heritage
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Reseña de un libro sobre la principal obra hidráulica construida por la Mexican Light and Power a partir de 1903. La empresa fue fundada por Fred Stark Pearson para abastecer de energía eléctrica a Ciudad de México y al centro del país. El libro trata de valorar el patrimonio industrial del municipio en que se encuentra localizado, destacando su importancia para la identidad y el desarrollo, y colaborando con un proyecto colectivo de la comunidad local.
Review of a book about the main hydraulic work built by the Mexican Light and Power since 1903. The company was founded by Fred Stark Pearson to supply electricity to Mexico City and the center of the country. The book tries to assess the industrial heritage of the municipality in which it is located, highlighting its importance for identity and development, and collaborating with a collective project of the local community
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Barniol, Pablo, Campos, Esmeralda, and Zavala, Genaro
- Enseñanza de las ciencias: revista de investigación y experiencias didácticas; Vol. 36, Núm. 2 (2018); p. 165-190
Enseñanza de las Ciencias: revista de investigación y experiencias didácticas; Vol. 36, Núm. 2 (2018); p. 165-190
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Electricity, Magnetism, Conceptual understanding, Multiple-choice instrument, Reliability analysis, Electricidad, Magnetismo, Entendimiento conceptual, Instrumento de opciones múltiples, and Análisis de confiabilidad
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The Conceptual Survey of Electricity and Magnetism (CSEM) has been widely used in the field of physics education. However, to date, no study presents a version of the test in Spanish. This article has three general objectives: 1) to present the CSEM in Spanish and analyze its reliability and discriminatory power, 2) to perform a detailed analysis of the most frequent difficulties of the students in the concepts evaluated in the test, and 3) to establish recommendations for research and instruction of these concepts. The test was implemented to 310 students who finished an Electricity and Magnetism course in a Mexican university. Researchers or physics professors from Spanish-speaking countries may use the test in Spanish that we present in the PhysPort project (physport. org); and the analysis and recommendations for instruction in this study.
La prueba The Conceptual Survey of Electricity and Magnetism (CSEM) ha sido ampliamente utilizada en el área de la educación de la física. Sin embargo, hasta la fecha no existe un estudio que presente el test en su versión en español. Este artículo tiene tres objetivos generales: 1) presentar el CSEM en su versión en español y analizar la confiabilidad y poder discriminatorio de este, 2) realizar un análisis detallado de las dificultades más frecuentes de los estudiantes en los conceptos evaluados en el test y 3) establecer recomendaciones para la investigación e instrucción de estos conceptos. El test fue implementado a 310 estudiantes que terminaban el curso Electricidad y Magnetismo de una universidad mexicana. El test en su versión en español, que presentamos en el proyecto Physport (physport. org), los análisis y las recomendaciones para la instrucción pueden ser utilizados por investigadores o por profesores de física de países hispanohablantes.
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3. 'Privilegio' o condena? La compañía de gas y el Ayuntamiento de Sanlúcar de Barrameda (1882-1919) [2018]
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Bartolomé Rodríguez, Isabel and Girón Sierra, Álvaro
- Revista de Historia Industrial; Vol. 27, Núm. 71 (2018); p. 55-85
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gas, electricidad, historia empresarial, Gas, Electricity, and Business history
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El artículo aborda la trayectoria de Gaz Franco-Belge. Robert Lesage et Cie. (Cie. Franco-Belge), fundada en Bélgica en 1880, en Sanlúcar de Barrameda. En 1883, se inauguró la iluminación pública de gas y en 1919 cesó su actividad. Esta iniciativa corresponde a una generación efímera de empresas gasistas de matriz extranjera de ámbito municipal. En apariencia, se inscribiría en una tanda de inversiones poco razonables en mercados urbanos insuficientemente desarrollados, que acabaron de liquidar la competencia con la electricidad y las restricciones a las industrias consumidoras de carbón durante la Gran Guerra. Aquí, se defiende que el "privilegio" exclusivo de iluminación pública fue en realidad una condena en tanto el Consistorio se convirtió en el usuario principal y, al mismo tiempo, en la única fuente de regulación del mercado gasista en la ciudad. Sin intención ni de aumentar los impuestos ni de pagar este servicio público, se anclaba a las empresas concesionarias a negocios poco rentables, en localidades con rentas medias bajas.
This article focuses on the trajectory of Gaz Franco-Belge. Robert Lesage et Cie (Cie Franco- Belge), founded in Belgium in 1880, in Sanlúcar de Barrameda. Public gas lighting was inaugurated in 1883 and the company ceased its activity in 1919. This initiative may be included in an ephemeral generation of foreign companies in charge of municipal lighting. Apparently, these foreign direct investments were unreasonable where urban markets were underdeveloped. Competition with electricity and the restrictions on coal consumption during World War I finished with these firms. Actually, the exclusive “privilege” of public lighting was a sentence as long as the town Hall became both the main user and the only source of market regulation. Without any intention of either raising taxes or paying for this public service, the councils anchored concessionaires companies to unprofitable businesses, in localities with a very low income average.
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Martínez López, Alberte and Mirás Araujo, Jesús
- Revista de Historia Industrial; Vol. 27, Núm. 71 (2018); p. 87-119
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Gas, electricidad, consumo, España, Electricity, Consumption, and Spain
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En este trabajo se aborda el estudio de dos energías básicas, gas y electricidad, desde la perspectiva de la demanda y bajo un enfoque comparativo. La fuente a utilizar será la Estadística del Impuesto sobre el consumo de luz de gas, electricidad y carburo de calcio, complementada/contrastada con otras (Estadística Minera, Datos estadísticos técnicos de las fábricas de gas españolas, monografías locales, etc.). Los principales aspectos que se tratarán serán su difusión geográfica, incardinándola en la modernización de las estructuras urbanas, y los niveles de gasto energético, insertado a su vez en los cambios generales de las pautas de consumo, ambos desde una doble perspectiva espacial y temporal. Todo ello se llevará a cabo en un marco cronológico clave, el primer tercio del siglo XX, lo que permitirá abrir nuevas perspectivas y debates acerca del modo concreto en que se llevó a cabo en España el proceso de transición energética del gas a la electricidad.
This paper deals with the study of two basic energies, gas and electricity, from a demand perspective, and under a comparative approach. The source that will be used is the Estadística del impuesto sobre el consumo de luz de gas, electricidad y carburo de calcio, which is complemented/ contrasted with others (Estadística Minera, Datos estadísticos técnicos de las fábricas de gas españolas, local monographs, etc). The main issues will be their geographical diffusion, placing it in the context of the modernization of urban structures, as well as the levels of energy expenditure, which are linked to the global changes in consumption patterns, both from a spatial and temporal perspective. All this will be carried out in a chronological framework, over the first third of the twentieth century, which will open new perspectives and debates about the specific way in which the process of energy transition from gas to electricity was carried out in Spain.
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5. Sistemas de tarificación y precio de la electricidad para fuerza en España antes de la Guerra Civil [2016]
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Martínez Ruiz, José Ignacio
- Revista de Historia Industrial; Vol. 25, Núm. 62 (2016); p. 143-179
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Electricidad, sistemas de tarificación, precios, España, siglo xx, Electricity, Rate Systems, Tariffs, Spain, and 20th Century
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En 1934, 672 empresas eléctricas de toda España publicaron en los Boletines Oficiales provinciales y en el Butlletí Oficial de la Generalitat de Catalunya sus precios de venta de la energía destinada a fuerza. Estos datos nos permiten disponer de una información muy completa de los sistemas tarifarios utilizados por los productores y distribuidores de electricidad antes de la guerra civil así como también de los precios máximos y de los descuentos que ofrecían a sus clientes. En este artículo se analizan los precios y descuentos publicados desde una doble perspectiva, empresarial y territorial, con objeto de conocer el precio de la energía eléctrica para usos industriales en la España del momento. Las notables diferencias observadas en el precio de venta del kWh reflejan la existencia de un mercado eléctrico escasamente integrado y el importante papel que seguían desempeñando los pequeños y medianos productores y distribuidores de energía a la hora de suministrar fluido a miles de empresas de todo el país en vísperas de la Guerra Civil.
In 1934, a total of 672 electricity companies from all over Spain made public in the Boletines Oficiales of the provinces and in the Butlletí Oficial de la Generalitat de Catalunya their rate systems and selling prices for power. These data provide comprehensive information about the diverse pricing system used by producers and distributors of electricity in Spain before the Civil War as well as the maximum prices and discounts offered from them to their clients. This paper analyses these prices and discounts from a business and territorial point of view. The remarkable differences in the selling price of kWh among firms and places reflect the existence of a poorly integrated electricity market and the important role small and medium producers and distributors of energy still played when supplying electricity to thousands of consumers around the country on the eve of the Civil War.
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Qadeer, Altaf
- Enseñanza de las ciencias: revista de investigación y experiencias didácticas; 2014: Vol.: 32 Núm.: 1; p. 285-286
Enseñanza de las Ciencias: revista de investigación y experiencias didácticas; 2014: Vol.: 32 Núm.: 1; p. 285-286
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llibres de text, electricitat, anàlisi del llenguatge, educació intercultural, textbooks, electricity, language analysis, intercultural education, libros de texto, electricidad, análisis del lenguaje, and educación intercultural
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Aquesta tesi se centra essencialment en l'estudi de dues variables: el llenguatge de dos llibres de text quant a si afavoreix o no la comprensió explicativa, i les respostes dels estudiants quan s'utilitzen altres fonts d'informació complementària. La mostra pertany a dos països: Canadà i Pakistan, i com a metodologia es va utilitzar l'anàlisi documental i un disseny quasiexperimental. Els resultats apunten a la necessitat de millorar els llibres de text i el seu ús.
This thesis focuses primarily on the study of two variables: the language of two textbooks as to whether or not favors explanatory understanding, and the responses of the students when they use other sources for additional information. The sample belongs to two countries: Canada and Pakistan, and document analysis as a methodology and a quasi-experimental design was used. The results point to the need to improve textbooks and usage.
La presente tesis se centra esencialmente en el estudio de dos variables: el lenguaje de dos libros de texto en cuanto a si favorece o no la comprensión explicativa, y las respuestas de los estudiantes cuando utilizan otras fuentes de información complementaria. La muestra pertenece a dos países: Canadá y Pakistán, y como metodología se utilizó el análisis documental y un diseño cuasiexperimental. Los resultados apuntan a la necesidad de mejorar los libros de texto y su uso.
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Fernández-Paradas, Mercedes
- Revista de Historia Industrial; 2011: Núm.: 47; p. 51-76
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Guerra Civil Española, Electricidad, Producción, Historia empresarial, Spanish Civil War, Electricity, Production, and Business History.
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La historia de la Compañía Eléctrica Mengemor durante la Guerra Civil Española (1936-1939) es interesante, ya que era una de las grandes eléctricas del país, y su dirección e instalaciones quedaron divididas hasta el final de la contienda, y buena parte de las mismas en el frente de batalla. Para cada bando (el republicano y el nacional) analizaré: quiénes y cómo la dirigieron, el estado de las instalaciones, cómo se repararon y la electricidad producida. En general, ésta creció en ambas zonas, gracias a la gestión realizada y los escasos daños sufridos.
The history of the electric company Mengemor during the Spanish Civil War (1936-1939) is interesting in that it was one of the main electric companies in Spain, and its management and installations were divided during the conflict, and a large part of these were on the front line. For each side in the conflict (the republicans and the nationalists) the following will be analyzed: how they were managed and by whom, the state of the installations, how they were repaired, and the electricity which was produced. In general, production grew in both zones. This can be explained by good management and the scarce damage inflicted on the installations.
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Michelfelder, Richard A. and Pilotte, Eugene A.
Journal of Financial & Quantitative Analysis . Dec2020, Vol. 55 Issue 8, p2641-2664. 24p.
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Market pricing, Inventories, Economic seasonal variations, Supply & demand, Electric rates, and Electricity
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We examine forward prices in a market where nonstorable inventory exacerbates the influence of seasonal and hourly variation in supply and demand, expected and unexpected, on the level and volatility of spot prices. We find strong evidence, unusual for a commodity, that the difference between contemporaneous forward and spot prices has power to forecast both the spot price change and the risk premium realized at delivery. Our evidence of a time-varying risk premium is consistent with expected hourly and seasonal variation in the needs of producers and retailers of electricity to hedge against extreme spot price decreases and increases, respectively. [ABSTRACT FROM AUTHOR]
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Sriyakul, Thanaporn, Pu, Ruihui, and Chankoson, Thitinan
Contemporary Economics . Dec2020, Vol. 14 Issue 4, p589-600. 12p.
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Electric power production, International competition, Water power, Fossil fuels, and Electricity
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The study aims to investigate the environmental effects of mix energies on the three most polluted countries of ASEAN economies. The study uses the data of the Philippines, Vietnam, and Thailand over the period of 1995-2017 as gathered from the World Bank and Global Economy. The study uses Brush Pagon LM and Pearson CD to test the cross-section dependence among variables while Levin et al. (2002) panel unit root test to check the stationary in the data. Westerlund (2007) cointegration and FMOLS tests are applied to analyze the long-run relationship. The result confirms the adverse environmental effects of fossil fuel electricity generation (FEG) and positive environmental effects of solar electricity generation (SEG), nuclear-power electricity generation (NEG), and geothermal electricity generation (GEG) on the ASEAN economies. Wind electricity generation (WEG) and hydroelectricity generation (HEG) do not significantly contribute to deteriorating the environment. The study suggests using GEG, WEG and SEG methods of producing electricity instead of FEG. [ABSTRACT FROM AUTHOR]
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10. Peak Load Habits for Sale? Soft Load Control and Consumer Preferences on the Electricity Market. [2021]
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Broberg, Thomas, Brännlund, Runar, and Persson, Lars
Energy Journal . 2021, Vol. 42 Issue 1, p261-283. 23p.
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Electricity markets, Consumer preferences, Peak load, Electric power consumption, Behavior, Electricity, and Physiological adaptation
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The main purpose of this paper is to estimate lost consumer values due to various restrictions on household electricity use involving behavior adaptation. To do this, we conduct a choice experiment where households choose between hypothetical electricity contracts including various restrictions on the use of high-power household appliances. In addition, we use a contingent valuation question related to complete blackouts to study a restriction on other types of electricity usage (heating, lighting, TV, etc.). The results indicate a significant difference between the value lost due to the soft control, and the blackouts. Furthermore, policies aiming at stimulating behavioral changes are costly and it is far from obvious that demand response requiring behavioral adaptation is more cost effective than supply response (i.e., increased production of electricity). [ABSTRACT FROM AUTHOR]
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11. Optimal Allocation of Variable Renewable Energy Considering Contributions to Security of Supply. [2021]
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Peter, Jakob and Wagner, Johannes
Energy Journal . 2021, Vol. 42 Issue 1, p229-259. 31p.
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Electricity markets, Solar energy, Power resources, Wind power, Lead, and Electricity
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Electricity markets are increasingly influenced by variable renewable energy such as wind and solar power, characterized by a pronounced weather-induced variability and imperfect predictability. As a result, the evaluation of the capacity value of variable renewable energy, i.e., its contribution to security of supply, gains importance. This paper develops a new methodology to endogenously determine the capacity value in large-scale investment and dispatch models for electricity markets. The framework allows balancing effects to be accounted for that arise due to the spatial distribution of generation capacities and interconnectors. The practical applicability of the methodology is shown with an application for wind power in Europe. We find that wind power can substantially contribute to security of supply in a decarbonized European electricity system in 2050, with regional capacity values ranging from 1-40%. Analyses that do not account for the temporal and spatial heterogeneity of the contribution of wind power to security of supply therefore lead to inefficient levels of dispatchable back-up capacity. Applying a wind power capacity value of 5% results in an overestimation of firm capacity requirements in Europe by 66 GW in 2050. This translates to additional firm capacity provision costs of 3.8 bn EUR per year in 2050, which represents an increase of 7%. [ABSTRACT FROM AUTHOR]
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Höfer, Tim and Madlener, Reinhard
Energy Journal . 2021, Vol. 42 Issue 1, p171-195. 25p.
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Renewable energy costs, Regression analysis, Energy consumption, Wind power, and Electricity
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This paper presents an econometric analysis of curtailment costs of renewable energy sources (RES) in Germany. The study aims at explaining and quantifying the regional variability of RES curtailment, which is a measure to relieve grid overstress by temporarily disconnecting RES from the electricity grid. We apply a Heckit sample selection model, which corrects bias from non-randomly selected samples. The selection equation estimates the probability of occurrence of RES curtailment in a region. The outcome equation corrects for cross-sectional dependence and quantifies the effect of RES on curtailment costs. The results show that wind energy systems connected to the distribution grid increase RES curtailment costs by 0.7% per MW (or 0.2% per GWh) in subregions that have experienced RES curtailment over the period 2015-2017. The implication of this finding is that policymakers should set price signals for renewables that consider the regional grid overstress, in order to mitigate the cost burden on consumers due to excess generation from RES. [ABSTRACT FROM AUTHOR]
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Hinchey, Nathalie
Energy Journal . 2021, Vol. 42 Issue 1, p155-170. 16p.
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Electricity markets, Market prices, Natural gas prices, Economies of agglomeration, Natural gas, Natural gas pipelines, Natural gas reserves, and Electricity
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This paper examines the potential for vertically integrated firms that own assets in both the natural gas and electricity markets to manipulate natural gas and electricity prices through the withholding of natural gas pipeline capacity. An integrated firm theoretically could increase the price it receives in the electricity market by withholding pipeline capacity to the wholesale natural gas market, thereby reducing wholesale supply of natural gas and potentially increasing generation costs for electricity through higher natural gas prices. A key criteria in assessing whether an integrated firm's allocation of pipeline capacity between the wholesale and retail markets constitutes manipulation relates to whether the allocation is profit maximizing on a stand-alone basis, i.e., the allocation maximizes the firm's profits in the natural gas market without considering its profits in the electricity market. I develop a theoretical model that examines the incentives to allocate pipeline capacity to the wholesale natural gas market, which supplies the power generation sector, and the retail natural gas market. I find that an integrated firm may choose to allocate more pipeline capacity to the retail market than the wholesale market in order to reduce the probability of paying fines from failing to adequately meet retail demand, to increase its profits in the wholesale natural gas market, or to increase its profits in the electricity market. In order to prove a manipulation has occurred, it must be shown that the last case is true and the first two cases had little effect on the allocation decision. [ABSTRACT FROM AUTHOR]
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Ekholm, Tommi and Virasjoki, Vilma
Energy Journal . 2020 Special Issue, Vol. 41, p215-231. 17p.
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Electricity markets, Market equilibrium, Market prices, Carbon pricing, Energy storage, and Electricity
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Electricity production is a key sector in global decarbonization efforts, and variable renewable energy (VRE) technologies are a primary way to produce carbon- free electricity. We study an electricity market where generation is 100% VRE, while storage and elastic demand resolve temporal supply-demand imbalances. We model hourly market equilibrium to analyze price formation and imperfect, Cournot-type competition with varying levels of ownership concentration. Market power is exerted either with storage-only or with both VRE and storage. In such a system, prices are determined dynamically by demand and intertemporal storage decisions, breaking the static logic of "merit order" with dispatchable generation. The numerical results indicate that market power with storage has a relatively moderate effect on prices and market efficiency. However, market power exerted with VRE has far larger welfare impacts, resulting from curtailed generation. However, such actions could be more readily observed by a regulator via monitoring. [ABSTRACT FROM AUTHOR]
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15. Incumbent's Bane or Gain? Renewable Support and Strategic Behavior in Electricity Markets. [2020]
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Darudi, Ali and Weigt, Hannes
Energy Journal . 2020 Special Issue, Vol. 41, p167-189. 23p.
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Electricity markets, Market prices, Incumbency (Public officers), Renewable energy transition (Government policy), Electricity, Nuclear energy, and Carbon dioxide
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Incumbent firms play a decisive role in the success of renewable support policies. Their investments in renewables as well as their operational strategies for their conventional CO2 emitting technologies affect the transition to a sustainable energy system. We use a game theoretical framework to analyze incumbents' reactions to different renewable support policies, namely feed-in tariff (FIT), feed-in premium (FIP), and auction-based policies. We show that a regulator should choose a support scheme based on concerns about either market power or emission abatement: in FIP-based policies, the incumbent's strategic behavior leads to lower CO2 emissions, but a higher market price compared to FIT-based policies. Furthermore, for FIP-based policies, the regulator might want to incentivize incumbents directly (to further reduce CO2 emissions) or newcomers (to further reduce market power). Particularly in FIP-based auctions, incumbents have the incentive to obtain all auctioned capacity, which could lead to an unchanged market price despite the entrance of new capacity into the market. [ABSTRACT FROM AUTHOR]
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Olmstead, Derek E. H., Ayres, Matthew J., and Lomas, Peter B. R.
Energy Journal . 2020 Special Issue, Vol. 41, p141-166. 26p.
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Electricity markets, Trade publications, Electricity pricing, Industrial costs, and Auctions
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This paper considers the effect of the publication of offer price information on unilateral market power in Alberta's electricity market. This market is an hourly auction characterized by repeated interaction among a small number of producers, common knowledge of costs and production capabilities, and price inelastic demand. For the period July 13, 2000 to May 18, 2017, offer prices for each hour were published by the market operator, the Alberta Electric System Operator (AESO), in the Historical Trading Report (HTR) after the end of the hour. Using counterfactual analysis from 2010 to 2015 (52,584 hours), the paper finds that the effect of offer price changes after the HTR publication was to raise the average hourly price for electricity in Alberta by $2.48/MWh or about 4.2%, which raised the cost of electricity for Alberta consumers during the six-year period by approximately $1.14 billion. Based on an earlier version of this paper, the AESO was instructed by Alberta's utilities regulator to cease publication of the HTR. [ABSTRACT FROM AUTHOR]
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ONEȚIU, Paula Lavinia and MIRICESCU, Dan
Review of Management & Economic Engineering . 2020, Vol. 19 Issue 3, p487-503. 17p.
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Environmental protection, Operating costs, Energy consumption, Automobile industry, Electric power consumption, and Energy consumption of buildings
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The purpose of the paper is to present a case study for implementing a project which will reduce electricity consumption by streamlining the lighting system of a production hall in the automotive industry by implementing the lighting solution based on LED technology. This study representing a work based on real considerations. In order to increase productivity and reduce operational costs, while respecting the environmental protection directives, entrepreneurs must face new challenges and find solutions to streamline the energy consumption involved in the operational process of buildings. In this context, light plays an important role: it stimulates performance, supports the ability to concentrate and increases the individual's sense of comfort. [ABSTRACT FROM AUTHOR]
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Camila de Miranda, Mariza, Souza Valdevino, Rosângela Queiroz, and Martins de Oliveira, Adriana
Revista Evidenciação Contábil & Finanças . Set-Dez2020, Vol. 8 Issue 3, p37-53. 17p.
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Domestic economic assistance, Government aid, Stockholders equity, Rank correlation (Statistics), and Sampling (Process)
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Objective: Check the influence of Government Grant and Assistance in the financial variables of the electricity subsector companies listed on the B3. Foundation: This paper emphasizes the recognition, measurement and disclosure of Government Grant and Assistance. Method: We analyzed the years 2015 and 2016 of the 60 companies that make up the electricity subsector listed on B3. It resulted in a sample of 15% (09 companies). In this way, this study was based on a descriptive research on the objective, through a documentary procedure, in this case the approach employed was the quantitative and non-probabilistic - of the type by judgment - regarding the sampling technique. The Spearman Correlation test was used. Results: It was verified with the results, that in the year of 2015 there was no significant influence, only strong relationships among some variables, such as the net equity. As early as 2016, there was a correlation between the receipt of Government Grant and Assistance with the financial variables studied, highlighting the variable shareholders' equity; the significant influence detected in the year 2016, is justified by the factors: sales growth, renewal of concessions and sale of assets. Contributions: The research has the theoretical and practical contributions. In this sense, the first refers to the survey of Government Grant and Assistance in light of CPC 07 (R1). In a practical way the study shows how the SAG can influence the financial variables of a sector. [ABSTRACT FROM AUTHOR]
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Söderberg, Magnus
Energy Journal . Sep2020, Vol. 41 Issue 5, p239-250. 12p.
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Electricity markets, Cost shifting, Price regulation, Opportunity costs, Heating from central stations, and Electricity
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Firms that operate combined heat and power (CHP) plants in Sweden face strong incentives to let their district heating (DH) customers subsidize the sales of electricity. This study investigates whether firms exploit the variation in competitive intensity across the two markets and 1) shift costs from electricity to DH, and 2) pass on any cost increase to consumers. A major empirical challenge is that firms endogenously decide whether to operate a CHP plant or not. Two different matching procedures are used to circumvent this problem. The results show that 1) compared with a similar non-CHP firm, the average CHP firm reports a DH cost that is 20-25% higher, 2) the extra cost that CHP firms report is fully passed on to consumers and 3) with reported costs, the price-cost margin is 8% for both groups and with imputed costs the margin increases to 30-35% for the CHP firms. The results are consistent with the presence of strategic cost shifting, which can be tackled through either stricter accounting rules or DH price regulation. [ABSTRACT FROM AUTHOR]
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Jessoe, Katrina, Papineau, Maya, and Rapson, David
Energy Journal . Sep2020, Vol. 41 Issue 5, p271-303. 33p.
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Electricity pricing, Marginal pricing, Contracts, and Electricity
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This paper quantifies a tenant-side "split incentives" problem that exists when the largest commercial sector customers are on electricity-included property lease contracts, causing them to face a marginal electricity price of zero. We use exogenous variation in weather shocks to show that the largest firms on tenant-paid contracts use up to 14 percent less electricity in response to summer temperature fluctuations. The result is retrieved under weaker identifying assumptions than previous split incentives papers, and is robust when exposed to several opportunities to fail. The electricity reduction in response to temperature increases is likely to be a lower bound when generalized nationwide and suggests that policymakers should consider a sub-metering policy to expose the largest commercial tenants to the prevailing retail electricity price. [ABSTRACT FROM AUTHOR]
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