WorldWideScience

Sample records for current energy prices

  1. Energies prices; Prix des energies

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    2005-08-15

    This document offers a synthesis of the tariffs and the energies prices in august 2005 in Paris, compared with the years 2003 and 2004. This sectoral presentation (transports, houses, industry) provides thus statistics on the prices of fuels, heating, propane, coal, wood fuels, electric power and gas. (A.L.B.)

  2. Energies prices; Prix des energies

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    2006-01-15

    This document offers a synthesis of the main tariffs and prices of the energy for January 2006 and for 2004 and 2005. It concerns the transportation sector, the residential heating and the industry for different types of energy source. (A.L.B.)

  3. Energy prices; Prix des energies

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    2007-01-15

    This folder presents a synthesis of the main energy tariffs and prices in January 2007 and their comparison with the average annual data for 2005 and 2006. Data are presented in tables by sector of activity and by energy source: transports (automotive fuels), residential (fuel oil, district heating, propane, coal, wood-fuel, electricity, natural gas), industry (natural gas, electricity, heavy fuel oil, coal). (J.S.)

  4. Energy Price Reform in China

    Institute of Scientific and Technical Information of China (English)

    2006-01-01

    Market-based reform of energy prices is the most effective approach to enhancing energy efficiency. The policies of energy conservation and enhancing energy efficiency in the 1 lth Five-year Plan period (2006-2010) work directly to set up a series of reform measures related to energy pricing by market mechanism. Energy price reform will deeply influence China's industrial interest pattern, and its development in the next five years and even 10 or 20 years.This paper analyzes the significance, timing, present status and problems related to energy price reform, and discusses the goal, principle and measures of coal, electricity, oil and gas price reform separately.

  5. Oil prices and the stock prices of alternative energy companies

    Energy Technology Data Exchange (ETDEWEB)

    Henriques, Irene; Sadorsky, Perry [Schulich School of Business, 4700 Keele Street, Toronto, Ontario (Canada)

    2008-05-15

    Energy security issues coupled with increased concern over the natural environment are driving factors behind oil price movements. While it is widely accepted that rising oil prices are good for the financial performance of alternative energy companies, there has been relatively little statistical work done to measure just how sensitive the financial performance of alternative energy companies are to changes in oil prices. In this paper, a four variable vector autoregression model is developed and estimated in order to investigate the empirical relationship between alternative energy stock prices, technology stock prices, oil prices, and interest rates. Our results show technology stock prices and oil prices each individually Granger cause the stock prices of alternative energy companies. Simulation results show that a shock to technology stock prices has a larger impact on alternative energy stock prices than does a shock to oil prices. These results should be of use to investors, managers and policy makers. (author)

  6. State energy-price system: 1981 update

    Energy Technology Data Exchange (ETDEWEB)

    Fang, J.M.; Imhoff, K.L.; Hood, L.J.

    1983-08-01

    This report updates the State Energy Price Data System (STEPS) to include state-level energy prices by fuel and by end-use sectors for 1981. Both physical unit prices and Btu prices are presented. Basic documentation of the data base remains generally the same as in the original report: State Energy Price System; Volume 1: Overview and Technical Documentation (DOE/NBB-0029 Volume 1 of 2, November 1982). The present report documents only the changes in procedures necessitated by the update to 1981 and the corrections to the basic documentation.

  7. State energy price and expenditure report 1994

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    1997-06-01

    The State Energy Price and Expenditure Report (SEPER) presents energy price and expenditure estimates individually for the 50 States and the District of Columbia and in aggregate for the United States. The price and expenditure estimates developed in the State Energy Price and Expenditure Data System (SEPEDS) are provided by energy source and economic sector and are published for the years 1970 through 1994. Consumption estimates used to calculate expenditures and the documentation for those estimates are taken from the State Energy Data Report 1994, Consumption Estimates (SEDR), published in October 1996. Expenditures are calculated by multiplying the price estimates by the consumption estimates, which are adjusted to remove process fuel; intermediate petroleum products; and other consumption that has no direct fuel costs, i.e., hydroelectric, geothermal, wind, solar, and photovoltaic energy sources. Documentation is included describing the development of price estimates, data sources, and calculation methods. 316 tabs.

  8. State energy price and expenditure report 1993

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    1995-12-01

    The State Energy Price and Expenditure Report (SEPER) presents energy price and expenditure estimates individually for the 50 states and the District of Columbia and in aggregate for the US. The five economic sectors used in SEPER correspond to those used in SEDR and are residential, commercial, industrial, transportation, and electric utility. Documentation in appendices describe how the price estimates are developed, provide conversion factors for measures used in the energy analysis, and include a glossary. 65 tabs.

  9. State energy price and expenditure report 1992

    Energy Technology Data Exchange (ETDEWEB)

    1994-12-01

    The State Energy Price and Expenditure Report (SEPER) presents energy price and expenditure estimates individually for the 50 States and the District of Columbia and in aggregate for the United States. The price and expenditure estimates are provided by energy source and economic sector and are published for the years 1970, 1980, and 1985 through 1992. Data for all years, 1970 through 1992, are available on personal computer diskettes.

  10. Energy Efficiency Policy and Carbon Pricing

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    2011-07-01

    The main message of this paper is that while carbon pricing is a prerequisite for least-cost carbon mitigation strategies, carbon pricing is not enough to overcome all the barriers to cost-effective energy efficiency actions. Energy efficiency policy should be designed carefully for each sector to ensure optimal outcomes for a combination of economic, social and climate change goals. This paper aims to examine the justification for specific energy efficiency policies in economies with carbon pricing in place. The paper begins with an inventory of existing market failures that attempt to explain the limited uptake of energy efficiency. These market failures are investigated to see which can be overcome by carbon pricing in two subsectors -- electricity use in residential appliances and heating energy use in buildings. This analysis finds that carbon pricing addresses energy efficiency market failures such as externalities and imperfect energy markets. However, several market and behavioural failures in the two subsectors are identified that appear not to be addressed by carbon pricing. These include: imperfect information; principal-agent problems; and behavioural failures. In this analysis, the policies that address these market failures are identified as complementary to carbon pricing and their level of interaction with carbon pricing policies is relatively positive. These policies should be implemented when they can improve energy efficiency effectively and efficiently (and achieve other national goals such as improving socio-economic efficiency).

  11. Energy efficieny policy and carbon pricing

    Energy Technology Data Exchange (ETDEWEB)

    Ryan, Lisa; Moarif, Sara; Levina, Ellina; Baron, Richard

    2011-08-15

    The main message of this paper is that while carbon pricing is a prerequisite for least-cost carbon mitigation strategies, carbon pricing is not enough to overcome all the barriers to cost-effective energy efficiency actions. Energy efficiency policy should be designed carefully for each sector to ensure optimal outcomes for a combination of economic, social and climate change goals. This paper aims to examine the justification for specific energy efficiency policies in economies with carbon pricing in place. The paper begins with an inventory of existing market failures that attempt to explain the limited uptake of energy efficiency. These market failures are investigated to see which can be overcome by carbon pricing in two subsectors -- electricity use in residential appliances and heating energy use in buildings. This analysis finds that carbon pricing addresses energy efficiency market failures such as externalities and imperfect energy markets. However, several market and behavioural failures in the two subsectors are identified that appear not to be addressed by carbon pricing. These include: imperfect information; principal-agent problems; and behavioural failures. In this analysis, the policies that address these market failures are identified as complementary to carbon pricing and their level of interaction with carbon pricing policies is relatively positive. These policies should be implemented when they can improve energy efficiency effectively and efficiently (and achieve other national goals such as improving socio-economic efficiency).

  12. State energy price and expenditure report, 1995

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    1998-08-01

    The State Energy Price and Expenditure Report (SEPER) presents energy price and expenditure estimates individually for the 50 States and the District of Columbia and in aggregate for the US. The estimates developed in the State Energy Price and Expenditure Data System (SEPEDS) are provided by energy source and economic sector and are published for the years 1970 through 1995. Data for all years are available on a CD-ROM and via Internet. Consumption estimates used to calculate expenditures and the documentation for those estimates are taken from the State Energy Data Report 1995, Consumption Estimates (SEDR), published in December 1997. Expenditures are calculated by multiplying the price estimates by the consumption estimates, which are adjusted to remove process fuel; intermediate petroleum products; and other consumption that has no direct fuel costs, i.e., hydroelectric, geothermal, wind, solar, and photovoltaic energy sources.

  13. Nonlinear Pricing in Energy and Environmental Markets

    Science.gov (United States)

    Ito, Koichiro

    This dissertation consists of three empirical studies on nonlinear pricing in energy and environmental markets. The first investigates how consumers respond to multi-tier nonlinear price schedules for residential electricity. Chapter 2 asks a similar research question for residential water pricing. Finally, I examine the effect of nonlinear financial rewards for energy conservation by applying a regression discontinuity design to a large-scale electricity rebate program that was implemented in California. Economic theory generally assumes that consumers respond to marginal prices when making economic decisions, but this assumption may not hold for complex price schedules. The chapter "Do Consumers Respond to Marginal or Average Price? Evidence from Nonlinear Electricity Pricing" provides empirical evidence that consumers respond to average price rather than marginal price when faced with nonlinear electricity price schedules. Nonlinear price schedules, such as progressive income tax rates and multi-tier electricity prices, complicate economic decisions by creating multiple marginal prices for the same good. Evidence from laboratory experiments suggests that consumers facing such price schedules may respond to average price as a heuristic. I empirically test this prediction using field data by exploiting price variation across a spatial discontinuity in electric utility service areas. The territory border of two electric utilities lies within several city boundaries in southern California. As a result, nearly identical households experience substantially different nonlinear electricity price schedules. Using monthly household-level panel data from 1999 to 2008, I find strong evidence that consumers respond to average price rather than marginal or expected marginal price. I show that even though this sub-optimizing behavior has a minimal impact on individual welfare, it can critically alter the policy implications of nonlinear pricing. The second chapter " How Do

  14. State Energy Price System: 1982 update

    Energy Technology Data Exchange (ETDEWEB)

    Imhoff, K.L.; Fang, J.M.

    1984-10-01

    The State Energy Price System (STEPS) contains estimates of energy prices for ten major fuels (electricity, natural gas, metallurgical coal, steam coal, distillate, motor gasoline, diesel, kerosene/jet fuel, residual fuel, and liquefied petroleum gas), by major end-use sectors (residential, commercial, industrial, transportation, and electric utility), and by state through 1982. Both physical unit prices and prices per million Btu are included in STEPS. Major changes in STEPS data base for 1981 and 1982 are described. The most significant changes in procedures for the updates occur in the residential sector distillate series and the residential sector kerosene series. All physical unit and Btu prices are shown with three significant digits instead of with four significant digits as shown in the original documentation. Details of these and other changes are contained in this report, along with the updated data files. 31 references, 65 tables.

  15. State energy price and expenditure report 1989

    Energy Technology Data Exchange (ETDEWEB)

    1991-09-30

    The State Energy Price and Expenditure Report (SEPER) presents energy price and expenditure estimates for the 50 States, the District of Columbia, and the United States. The estimates are provided by energy source (e.g., petroleum, natural gas, coal, and electricity) and by major consuming or economic sector. This report is an update of the State Energy Price and Expenditure Report 1988 published in September 1990. Changes from the last report are summarized in a section of the documentation. Energy price and expenditure estimates are published for the years 1970, 1975, 1980, and 1985 through 1989. Documentation follows the tables and describes how the price estimates are developed, including sources of data, methods of estimation, and conversion factors applied. Consumption estimates used to calculate expenditures, and the documentation for those estimates, are from the State Energy Data Report, Consumption Estimates, 1960--1989 (SEDR), published in May 1991. Expenditures are calculated by multiplying the price estimates by the consumption estimates, adjusted to remove process fuel and intermediate product consumption. All expenditures are consumer expenditures, that is, they represent estimates of money directly spent by consumers to purchase energy, generally including taxes. 11 figs., 43 tabs.

  16. Long memory in German energy price indices

    Energy Technology Data Exchange (ETDEWEB)

    Barros, Carlos P. [Lisbon Univ. (Portugal). Inst. Superior de Economia e Gestao; Caporale, Guglielmo Maria [Brunel Univ., London (United Kingdom). Centre for Empirical Finance; Gil-Alana, Luis A. [Navarra Univ., Pamplona (Spain). Faculty of Economics and Business Administration

    2012-09-15

    This study examines the long-memory properties of German energy price indices (specifically, import and export prices, as well as producer and consumer prices) for hard coal, lignite, mineral oil and natural gas adopting a fractional integration modelling framework. The analysis is undertaken using monthly data from January 2000 to August 2011. The results suggest nonstationary long memory in the series (with orders of integration equal to or higher than 1) when breaks are not allowed for. However, endogenous break tests indicate a single break in all series except for producer prices for lignite for which two breaks are detected. When such breaks are taken into account, and with autocorrelated disturbances, evidence of mean reversion is found in practically all cases.

  17. Energy: the price of development

    Energy Technology Data Exchange (ETDEWEB)

    Lakoff, S.A.

    1982-04-01

    The 85 oil-importing developing countries (LDCs) have a critical need for energy to fuel economic development, but the US is opposing a World Bank proposal to double energy-development loans. The LDCs have borne most of the burden of balance-of-payment inequities, which has stopped their development progress. Proper management of their indigenous energy sources, with financial help from the World Bank, could eliminate much of this burden. The author feels that application of Reagonomics to this problem is short-sighted and self-defeating because the industrialized countries need debts repaid, new markets for exports, and less competition for OPEC oil. These will accompany economic recovery in the LDCs. (DCK)

  18. Energy price uncertainty, energy intensity and firm investment

    Energy Technology Data Exchange (ETDEWEB)

    Yoon, Kyung Hwan; Ratti, Ronald A. [Western Sydney Univ., NSW (Australia). School of Economics and Finance

    2011-01-15

    This paper examines the effect of energy price uncertainty on firm-level investment. An error correction model of capital stock adjustment is estimated with data on U.S. manufacturing firms. Higher energy price uncertainty is found to make firms more cautious by reducing the responsiveness of investment to sales growth. The result is robust to consideration of energy intensity by industry. The effect is greater for high growth firms. It must be emphasized that the direct effect of uncertainty is not estimated. Conditional variance of energy price is obtained from a GARCH model. Findings suggest that stability in energy prices would be conducive to greater stability in firm-level investment. (author)

  19. Induced innovation, energy prices, and the environment

    Science.gov (United States)

    Popp, David Clifford

    The process of developing new technologies is a central question for economic theory as well as for public policy in many areas. For example, the development of cleaner, more efficient energy technologies will play an important role in reducing the threat of global warming. To study how technology evolves over time, this dissertation uses patent data on energy innovations from 1970 to 1991 to examine the impact of energy prices on energy-efficient innovations. Before this can be done, however, information on supply-side factors which influence innovation is also needed. In the case of innovation, supply-side factors are the usefulness of the existing base of scientific knowledge. Patent citations are used for this purpose. Subsequent citations to patents granted each year since 1970 are used to show that the returns to research and development (R&D) fall over time for most of the technologies studied. These estimates are then combined with data on demand-side factors, such as energy prices, to estimate a model of induced innovation in energy technologies. Both energy prices and the supply of knowledge are found to have strongly significant positive effects on innovation. Next, the Yale Technology Concordance (YTC), which maps patents to the industries in which they are used, is employed to construct a stock of energy-related knowledge for 14 energy intensive industries. The effect of changes in this stock on energy consumption in these industries is estimated. On average, the present value of energy savings resulting from a new patent is eight million dollars, with the maximum savings coming about five years after the initial patent application. Finally, the results of each regression are combined to simulate the impact of a ten percent energy tax. Initially, simple factor substitution due to the price change has the largest effect. However, because of the cumulative nature of R&D, induced innovation has a much larger effect than factor substitution in the long run

  20. Impacts of high energy prices on long-term energy-economic scenarios for Germany

    Energy Technology Data Exchange (ETDEWEB)

    Krey, V.; Markewitz, P. [Research Center Juelich, Inst. of Energy Res., Systems Analysis and Technology Evaluation, Juelich (Germany); Horn, M. [DIW Berlin, Berlin (Germany); Matthes, C.; Graichen, V.; Harthan, R.O.; Repenning, J. [Oeko-Institut, Berlin (Germany)

    2007-05-15

    Prices of oil and other fossil fuels on global markets have reached a high level in recent years. These levels were not able to be reproduced on the basis of scenarios and prognoses that were published in the past. New scenarios, based on higher energy price trajectories, have appeared only recently. The future role of various energy carriers and technologies in energy-economic scenarios will greatly depend on the level of energy prices. Therefore, an analysis of the impact of high energy prices on long-term scenarios for Germany was undertaken. Based on a reference scenario with moderate prices, a series of consistent high price scenarios for primary and secondary energy carriers were developed. Two scenarios with (i) continuously rising price trajectories and (ii) a price shock with a price peak during the period 2010-15 and a subsequent decline to the reference level are analysed. Two types of models have been applied in the analysis. The IKARUS energy systems optimisation model covers the whole of the German energy system from primary energy supply down to the end-use sectors. Key results in both high price scenarios include a replacement of natural gas by hard coal and renewable energy sources in electricity and heat generation. Backstop technologies like coal liquefaction begin to play a role under such conditions. Up to 10% of final energy consumption is saved in the end-use sectors, with the residential and transport sector being the greatest contributors. Even without additional restrictions, CO{sub 2} emissions significantly drop in comparison to the reference scenario. The ELIAS electricity investment analysis model focuses on the power sector. In the reference scenario with current allocation rules in the emissions trading scheme, the CO{sub 2} emissions decrease relatively steadily. The development is characterised by the phaseout of nuclear energy which is counterweighted by the increase of renewable. In the high price scenario, the CO{sub 2

  1. A Study on the Current Oil and Gas Price Formula and Its Improvement

    Energy Technology Data Exchange (ETDEWEB)

    Park, Chang Won; Lee, Young Koo [Korea Energy Economics Institute, Euiwang (Korea)

    2000-12-01

    The object of this study is to suggest some improvements on current price formulas on oil and gas which have been pivotal roles in the process of Korean economic growth. This study first examines basic frames and transition of oil and gas pricing in Korea and then finds some suggestions on them by scrutinizing their theoretical backgrounds. This study finds several problems on oil and gas pricing formulas. (a) In a model that is now studied to evaluate the current domestic oil price, the costs associated with oil security such as oil stockpile are fully penetrated into oil price without their fair evaluations. There is no evaluation principle on the costs occurred in oil supply security. (b) The Rate Of Equity(ROE), a crucial factor in town-gas pricing which is strictly controlled, is directly connected to the average interest rate on saving accounts of domestic commercial banks. Some arguments may have rise about inclusion a risk factor on ROE in order to compensate the uncertainty of town-gas business. (c) New demand for natural gas which is generated by new technologies or machinery and tools can help reduce the costs occurred from seasonal imbalance between power sector and gas sector. So it is also important to decide how to include the beneficiary of cost reduction in town-gas pricing. In order to evaluate the proper price levels, this study tests energy supply security by adopting methodologies such as Herfindahl Index and Portfolio Variance Risk. They can help develop the method to effectively improve the energy security and include the proper energy security costs into energy prices. This study also provides some suggestions for betterment of current ROE decision rule in town-gas business and for improvement of current town-gas policy that government subsidizes newly developed demand for strengthening price competitiveness in the early stage. (author). 145 refs., 16 figs., 49 tabs.

  2. The Hurst exponent in energy futures prices

    Science.gov (United States)

    Serletis, Apostolos; Rosenberg, Aryeh Adam

    2007-07-01

    This paper extends the work in Elder and Serletis [Long memory in energy futures prices, Rev. Financial Econ., forthcoming, 2007] and Serletis et al. [Detrended fluctuation analysis of the US stock market, Int. J. Bifurcation Chaos, forthcoming, 2007] by re-examining the empirical evidence for random walk type behavior in energy futures prices. In doing so, it uses daily data on energy futures traded on the New York Mercantile Exchange, over the period from July 2, 1990 to November 1, 2006, and a statistical physics approach-the ‘detrending moving average’ technique-providing a reliable framework for testing the information efficiency in financial markets as shown by Alessio et al. [Second-order moving average and scaling of stochastic time series, Eur. Phys. J. B 27 (2002) 197-200] and Carbone et al. [Time-dependent hurst exponent in financial time series. Physica A 344 (2004) 267-271; Analysis of clusters formed by the moving average of a long-range correlated time series. Phys. Rev. E 69 (2004) 026105]. The results show that energy futures returns display long memory and that the particular form of long memory is anti-persistence.

  3. Energy prices august 2006; Prix des energies aout 2006

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    2006-07-01

    This document offers a synthesis of the main energy tariffs and prices observed in august 2006 and the annual average for 2004 and 2005. It concerns the sectors of the transports, the housing, the industry and general indicators. (A.L.B.)

  4. Energy prices - August 2007; Prix des energies - aout 2007

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    2007-07-01

    This folder presents a synthesis of the main energy tariffs and prices in August 2007 and their comparison with the average annual data for 2005 and 2006. Data are presented in tables by sector of activity and by energy source: transports (automotive fuels), residential (fuel oil, district heating, propane, coal, wood-fuel, electricity, natural gas), industry (natural gas, electricity, heavy fuel oil, coal). (J.S.)

  5. Can Deployment of Renewable Energy and Energy Efficiency PutDownward Pressure on Natural Gas Prices

    Energy Technology Data Exchange (ETDEWEB)

    Wiser, Ryan; Bolinger, Mark

    2005-06-01

    High and volatile natural gas prices have increasingly led to calls for investments in renewable energy and energy efficiency. One line of argument is that deployment of these resources may lead to reductions in the demand for and price of natural gas. Many recent U.S.-based modeling studies have demonstrated that this effect could provide significant consumer savings. In this article we evaluate these studies, and benchmark their findings against economic theory, other modeling results, and a limited empirical literature. We find that many uncertainties remain regarding the absolute magnitude of this effect, and that the reduction in natural gas prices may not represent an increase in aggregate economic wealth. Nonetheless, we conclude that many of the studies of the impact of renewable energy and energy efficiency on natural gas prices appear to have represented this effect within reason, given current knowledge. These studies specifically suggest that a 1% reduction in U.S. natural gas demand could lead to long-term average wellhead price reductions of 0.8% to 2%, and that each megawatt-hour of renewable energy and energy efficiency may benefit natural gas consumers to the tune of at least $7.5 to $20.

  6. Saving energy: bringing down Europe's enery prices

    NARCIS (Netherlands)

    Molenbroek, E.; Blok, K.

    2012-01-01

    In June 2011 the European Commission proposed a new Directive on Energy Efficiency. Its purpose is to put forward a framework to deliver the EU’s target of reducing its energy consumption by 20% by 2020. Currently, the EU is only on track to achieve half of those savings. Apart from the environmenta

  7. The Optimal Price Ratio of Typical Energy Sources in Beijing Based on the Computable General Equilibrium Model

    Directory of Open Access Journals (Sweden)

    Yongxiu He

    2014-04-01

    Full Text Available In Beijing, China, the rational consumption of energy is affected by the insufficient linkage mechanism of the energy pricing system, the unreasonable price ratio and other issues. This paper combines the characteristics of Beijing’s energy market, putting forward the society-economy equilibrium indicator R maximization taking into consideration the mitigation cost to determine a reasonable price ratio range. Based on the computable general equilibrium (CGE model, and dividing four kinds of energy sources into three groups, the impact of price fluctuations of electricity and natural gas on the Gross Domestic Product (GDP, Consumer Price Index (CPI, energy consumption and CO2 and SO2 emissions can be simulated for various scenarios. On this basis, the integrated effects of electricity and natural gas price shocks on the Beijing economy and environment can be calculated. The results show that relative to the coal prices, the electricity and natural gas prices in Beijing are currently below reasonable levels; the solution to these unreasonable energy price ratios should begin by improving the energy pricing mechanism, through means such as the establishment of a sound dynamic adjustment mechanism between regulated prices and market prices. This provides a new idea for exploring the rationality of energy price ratios in imperfect competitive energy markets.

  8. Geothermal Energy: Current abstracts

    Energy Technology Data Exchange (ETDEWEB)

    Ringe, A.C. (ed.)

    1988-02-01

    This bulletin announces the current worldwide information available on the technologies required for economic recovery of geothermal energy and its use as direct heat or for electric power production. (ACR)

  9. Pricing in Noncooperative Interference Channels for Improved Energy Efficiency

    Directory of Open Access Journals (Sweden)

    Chong Zhijiat

    2010-01-01

    Full Text Available We consider noncooperative energy-efficient resource allocation in the interference channel. Energy efficiency is achieved when each system pays a price proportional to its allocated transmit power. In noncooperative game-theoretic notation, the power allocation chosen by the systems corresponds to the Nash equilibrium. We study the existence and characterize the uniqueness of this equilibrium. Afterwards, pricing to achieve energy-efficiency is examined. We introduce an arbitrator who determines the prices that satisfy minimum QoS requirements and minimize total power consumption. This energy-efficient assignment problem is formulated and solved. We compare our setting to that without pricing with regard to energy-efficiency by simulation. It is observed that pricing in this distributed setting achieves higher energy-efficiency in different interference regimes.

  10. State energy price system. Volume I: overview and technical documentation

    Energy Technology Data Exchange (ETDEWEB)

    Fang, J.M.; Nieves, L.A.; Sherman, K.L.; Hood, L.J.

    1982-06-01

    This study utilizes existing data sources and previous analyses of state-level energy prices to develop consistent state-level energy prices series by fuel type and by end-use sector. The fuels are electricity, natural gas, coal, distillate fuel oil, motor gasoline, diesel, kerosene, jet fuel, residual fuel, and liquefied petroleum gas. The end-use sectors are residential, commercial, industrial, transportation, and electric utility. Based upon an evaluation of existing data sources, recommendations were formulated on the feasible approaches for developing a consistent state energy price series. The data series were compiled based upon the approaches approved after a formal EIA review. Detailed documentation was provided, including annual updating procedures. Recommendations were formulated for future improvements in the collection of data or in data processing. Generally, the geographical coverage includes the 50 states and the District of Columbia. Information on state-level energy use was generally taken from the State Energy Data System (SEDS). Corresponding average US prices are also developed using volumes reported in SEDS. To the extent possible, the prices developed are quantity weighted average retail prices. Both a Btu price series and a physical unit price series are developed for each fuel. The period covered by the data series is 1970 through 1980 for most fuels, though prices for electricity and natural gas extend back to 1960. (PSB)

  11. Energy prices and substitution in United States manufacturing plants

    Science.gov (United States)

    Grim, Cheryl

    Persistent regional disparities in electricity prices, growth in wholesale power markets, and recent deregulation attempts have intensified interest in the performance of the U.S. electric power industry, while skyrocketing fuel prices have brought renewed interest in the effect of changes in prices of all energy types on the U.S. economy. This dissertation examines energy prices and substitution between energy types in U.S. manufacturing. I use a newly constructed database that includes information on purchased electricity and electricity expenditures for more than 48,000 plants per year and additional data on the utilities that supply electricity to study the distribution of electricity prices paid by U.S. manufacturing plants from 1963 to 2000. I find a large compression in the dispersion of electricity prices from 1963 to 1978 due primarily to a decrease in quantity discounts for large electricity purchasers. I also find that spatial dispersion in retail electricity prices among states, counties and utility service territories is large, rises over time for smaller purchasers, and does not diminish as wholesale power markets expand in the 1990s. In addition, I examine energy type consumption patterns, prices, and substitution in U.S. manufacturing plants. I develop a plant-level dataset for 1998 with data on consumption and expenditures on energy and non-energy production inputs, output, and other plant characteristics. I find energy type consumption patterns vary widely across manufacturing plants. Further, I find a large amount of dispersion across plants in the prices paid for electricity, oil, natural gas, and coal. These high levels of dispersion are accounted for by the plant's location, industry, and purchase quantity. Finally, I present estimates of own- and cross-price elasticities of demand for both the energy and non-energy production inputs.

  12. PARITY PRICE OF AGRICULTURAL PRODUCTS, ENERGY AND MATERIAL RESOURCES

    Directory of Open Access Journals (Sweden)

    A. Alpatov

    2012-02-01

    Full Text Available The article describes the main approaches to parity of agricultural products to energy and material resources, are the price indices for certain types of energy resources, and presents data on the availability of agricultural machinery in agricultural organizations of the Russian Federation. The dynamics of growth in energy prices in relation to the specific energy consumption per 1 ha of sown area in the agricultural organizations of the Russian Federation, the consumption of resources such as petroleum products, electricity and fuel. In addition, the article shows the average sales price for agricultural products and logistical resources. Shown the equivalence of the exchange of products between agriculture and industry.

  13. Dissecting Two Approaches to Energy Prices

    Directory of Open Access Journals (Sweden)

    Julius N. Esunge

    2011-01-01

    Full Text Available Problem statement: This research tested the viability of Geometric Brownian Motion as a stochastic model of oil prices. Approach: Using autoregressions and unit root tests, we determined that oil prices tend not to exhibit the Markov Property and thus GBM may be a problematic model. Results: Instead, oil prices seem to be mean reverting over the long run, possibly following an Ornstein-Uhlenbeck process. Conclusion/Recommendations: To determine whether or not OPEC was the cause of mean reversion, we repeated the tests after controlling for quotas, only to find the same results did not apply over the short run.

  14. Optimal operation strategy of battery energy storage system to real-time electricity price in Denmark

    DEFF Research Database (Denmark)

    Hu, Weihao; Chen, Zhe; Bak-Jensen, Birgitte

    2010-01-01

    Since the hourly spot market price is available one day ahead, the price could be transferred to the consumers and they may have some motivations to install an energy storage system in order to save their energy costs. This paper presents an optimal operation strategy for a battery energy storage...... system (BESS) in relation to the real-time electricity price in order to achieve the maximum profits of the BESS. The western Danish power system, which is currently the grid area in the world that has the largest share of wind power in its generation profiles and may represent the future of electricity...

  15. Price regulation in the Spanish energy sectors: who benefits?

    Energy Technology Data Exchange (ETDEWEB)

    Arocena, Pablo; Contin, Ignacio; Huerta, Emilio [Departamento de Gestion de Empresas, Universidad Publica de Navarra, Campus de Arrosadia. 31006, Pamplona (Spain); [Canterbury Business School, University of Kent Canterbury (United Kingdom)

    2002-08-01

    This paper analyses the distribution of benefits between firms and consumers due to the price regulation of the Spanish energy sectors (electricity, oil fuels and gas) during the decade 1987-1997. To that effect, we compare the actual evolution of energy prices with alternate benchmarks in order to assess the potential existence of a pro-industry or a pro-consumer bias in the pricing policies followed by the regulator. Our results show a pro-industry-biased regulatory context, where consumers benefited very little from price control. The successive price adjustments over time allowed the companies to keep all the productivity gains and cost reductions and to increase their profitability rates relative to those achieved in the manufacturing sector. (Author)

  16. TRADING ACTIVITY AND PRICES IN ENERGY FUTURES MARKET

    Directory of Open Access Journals (Sweden)

    Aysegul Ates

    2016-04-01

    Full Text Available This paper aims to examine trading activity and the relationship between futures trading activity by trader type and energy price movements in three energy futures markets –natural gas, crude oil and heating oil. We find that the level of net positions of speculators are positively related to future returns and in contrast net positions of hedgers are negatively related to futures price changes in all three markets. The changes in net positions are relatively more informative compare to the level of net positions in predicting price changes in related markets.

  17. The impact of high energy prices in Central American households

    Energy Technology Data Exchange (ETDEWEB)

    Cuesta, Ana; Manzano, Osmel

    2010-09-15

    Central American countries have one the highest energy costs in Latin America. We look at the potential social impact of higher energy prices using household data. Depending on a portfolio of characteristics, higher energy prices could have significant impact on the poor purchasing power. In countries like Guatemala, the poorest could see a higher impact than the richest. In Mexico and Panama, the impact is higher for the 'lower middle class'. We measure indirect effects of lack of energy sources, we conclude that children that live in households that cook with fossil fuels are subject to attend less to school.

  18. 48 CFR 15.406-2 - Certificate of current cost or pricing data.

    Science.gov (United States)

    2010-10-01

    ....406-2 Certificate of current cost or pricing data. (a) When certified cost or pricing data are required, the contracting officer shall require the contractor to execute a Certificate of Current Cost or... contract file. Certificate of Current Cost or Pricing Data This is to certify that, to the best of...

  19. Pricing and Hedging Quanto Options in Energy Markets

    DEFF Research Database (Denmark)

    Benth, Fred Espen; Lange, Nina; Myklebust, Tor Åge

    approach we derive a closed form option pricing formula for energy quanto options, under the assumption that the underlying assets are log-normally distributed. Our approach encompasses several interesting cases, such as geometric Brownian motions and multifactor spot models. We also derive delta and gamma...... expressions for hedging. Furthermore, we illustrate the use of our model by an empirical pricing exercise using NYMEX traded natural gas futures and CME traded Heating Degree Days futures for New York....

  20. Estimation of Several Political Action Effects of Energy Prices

    CERN Document Server

    Whitford, Andrew B

    2015-01-01

    One important effect of price shocks in the United States has been increased political attention paid to the structure and performance of oil and natural gas markets, along with some governmental support for energy conservation. This paper describes how price changes helped lead the emergence of a political agenda accompanied by several interventions, as revealed through Granger causality tests on change in the legislative agenda.

  1. Reimbursed Price of Orphan Drugs: Current Strategies and Potential Improvements.

    Science.gov (United States)

    Mincarone, Pierpaolo; Leo, Carlo Giacomo; Sabina, Saverio; Sarriá-Santamera, Antonio; Taruscio, Domenica; Serrano-Aguilar, Pedro Guillermo; Kanavos, Panos

    2017-01-01

    The pricing and reimbursement policies for pharmaceuticals are relevant to balance timely and equitable access for all patients, financial sustainability, and reward for valuable innovation. The proliferation of high-cost specialty medicines is particularly true in rare diseases (RDs) where the pricing mechanism is characterised by a lack of transparency. This work provides an overall picture of current strategies for the definition of the reimbursed prices of orphan drugs (ODs) and highlights some potential improvements. Current strategies and suggestions are presented along 4 dimensions: (1) comprehensive value assessment, (2) early dialogs among relevant stakeholders, (3) innovative reimbursement approaches, and (4) societal participation in producing ODs. Comprehensive value assessment could be achieved by clarifying the approach of distributive justice to adopt, ensuring a representative participation of stakeholders, and with a broad consideration of value-bearing factors. With respect to early dialogs, cross-border cooperation can be determinant to companies and agencies. The cost-benefit ratio of early dialogs needs to be demonstrated and the "regulatory capture" effect should be monitored. Innovative reimbursement approaches were developed to balance the need for evidence-based decisions with the timely access to innovative drugs. The societal participation in producing ODs needs to be recognised in a collaborating framework where adaptive agreements can be developed with mutual satisfaction. Such agreements could also impact on coverage and reimbursement decisions as additional elements for the determination of a comprehensive societal value of ODs. Further research is needed to investigate the highlighted open challenges so that RDs will not remain, in practical terms, orphan diseases. © 2017 S. Karger AG, Basel.

  2. Pricing and Hedging Quanto Options in Energy Markets

    DEFF Research Database (Denmark)

    Benth, Fred Espen; Lange, Nina; Myklebust, Tor Åge

    2015-01-01

    In energy markets, the use of quanto options has increased significantly in recent years. The payoff from such options are typically written on an underlying energy index and a measure of temperature. They are suited to managing the joint price and volume risk in energy markets. Using a Heath–Jar...... expressions for hedging. Further, we illustrate the use of our model by an empirical pricing exercise using NewYork Mercantile Exchange-traded natural gas futures and Chicago Mercantile Exchange-traded heating degree days futures for NewYork....

  3. Energy : Free trade and the price we paid

    Energy Technology Data Exchange (ETDEWEB)

    Pratt, L.; Finn, E. (ed.)

    2001-02-01

    This paper presented a critique of the North American Free Trade Agreement (NAFTA) claiming it has eliminated and superseded Canadian energy policy and sovereignty. Seven years after the completion of NAFTA, Canadians have had their eyes opened by the recent crisis in high energy prices. It was argued that because of NAFTA, the government of Canada lacks the power to intervene to protect Canadian consumers from rising energy prices. During the winter of 2000-2001 gasoline prices rose even while crude oil was in surplus. Also, natural gas heating charges skyrocketed in Canada mostly due to California's shortage of electricity and natural gas. This report ties the crisis in gas and oil prices to NAFTA. There is no shortage of oil or gas in Canada that can justify these price hikes. The so called shortage has been merely imported through trade agreements. NAFTA has removed the power of the Canadian government to intervene in the energy sector, deregulated exports, and freed Canadian producers to meet the energy demands of an insatiable U.S. market. In addition, NAFTA ties the hands of Canadians who want to cut back exports and conserve our precious non-renewable resources. This report also showed that gas deregulation in North America has caused instability and left many gas users vulnerable to market power and monopoly. The author argued that natural gas, like electric power, needs state regulation because of natural monopoly and to protect consumers. refs., figs.

  4. Energy Efficiency, Food Consumption Influence on China's Economy based on Energy and Agricultural Food Price Fluctuations

    Directory of Open Access Journals (Sweden)

    Yantao Wang

    2015-08-01

    Full Text Available External shocks have significant effects on China's economy, as energy and agriculture food price. In recent years, the increasing of energy price will promote energy efficiency; also increasing prices of agricultural products will impact on production efficiency and economy. In this study, we make a statistical analysis on the impact of energy and agricultural food prices to domestic economy. The result shows that energy price will influence the energy efficiency in the short time, LnEP at lag 1 period increased one percentage can drive LnEE growth by 0.627 percentage, at the same time, agricultural food price will impact on the production efficiency, LnAFP at lag 1 period and the 2 period increased 1 percentage will drive the LnPE increased by 0.245 and 0.016 percentage respectively. Therefore, agricultural food prices have direct mutual promotion effect. Also, there exist at least one direct co-integration relationship between energy price and energy efficiency, which means that there exist a long-term equilibrium relationship between energy price and energy efficiency.

  5. Rising energy prices and the economics of water in agriculture

    NARCIS (Netherlands)

    Zilberman, D.; Sproul, T.; Rajagopal, D.; Sexton, S.; Hellegers, P.J.G.J.

    2008-01-01

    Rising energy prices will alter water allocation and distribution. Water extraction and conveyance will become more costly and demand for hydroelectric power will grow. The higher cost of energy will substantially increase the cost of groundwater, whereas increasing demand for hydroelectric power

  6. Rising energy prices and the economics of water in agriculture

    NARCIS (Netherlands)

    Zilberman, D.; Sproul, T.; Rajagopal, D.; Sexton, S.; Hellegers, P.J.G.J.

    2008-01-01

    Rising energy prices will alter water allocation and distribution. Water extraction and conveyance will become more costly and demand for hydroelectric power will grow. The higher cost of energy will substantially increase the cost of groundwater, whereas increasing demand for hydroelectric power ma

  7. Impact of International Oil Price on Energy Conservation and Emission Reduction in China

    Directory of Open Access Journals (Sweden)

    Jian Chai

    2016-05-01

    Full Text Available In the context of “new normal” economy and frequent “haze”, the strategy of energy conservation and emission reduction aiming to lower costs and reduce pollution is currently still a major strategic direction in China and the world, and will remain so for some time in the future. This paper uses the annual data of West Texas Intermediate (WTI crude oil price in 1987–2014 as samples. We firstly present the direction and mechanism of the influence of oil price change on total consumption of every kind of energy by path analysis, and then consider establishing a Structural Vector Autoregression model of energy conservation and emission reduction in three statuses. Research shows that if the international oil price increases by 1%, the energy consumption per GDP and carbon dioxide emission increase by 0.092% and 0.053% respectively in the corresponding period. In the status of high energy consumption and high emission, if the international oil price increases by 1%, the energy consumption per GDP and carbon dioxide emission increase by 0.043% and 0.065% respectively in the corresponding period. In the status of low energy consumption and low emission, if the international oil price increases by 1%, the energy consumption per GDP per unit increases by 0.067% and carbon dioxide emission decreases by 0.085% in the corresponding period.

  8. Generic medicine pricing in Europe: current issues and future perspective.

    Science.gov (United States)

    Simoens, Steven

    2008-01-01

    This editorial discusses a number of trends affecting the pricing of generic medicines in Europe. With respect to pricing, recent evidence has emerged that European generic medicine manufacturers face competition from Indian manufacturers; that the price level of generic medicines varies substantially between European countries; and that generic medicine manufacturers engage in competition by discount rather than price competition in France, The Netherlands and the UK. These trends suggest that there may be scope for further reducing the prices of generic medicines in several countries. In relation to reference pricing, most European countries have incorporated market incentives within reference pricing systems with a view to promoting price competition. The European experience indicates that the generic medicines industry delivers competitive prices under a reference pricing system if demand-side policies are in place that stimulate physicians, pharmacists and patients to use generic medicines. Finally, caution needs to be exercised when focusing on the drivers of generic medicine pricing as these drivers not only vary between countries, but may also vary within a country. Manufacturers of originator and generic medicines do not take a single pricing approach following patent expiry, but vary their pricing strategy from molecule to molecule.

  9. The Dynamics of Energy-Grain Prices with Open Interest

    NARCIS (Netherlands)

    S.M. Hammoudeh (Shawkat); S. Sarafrazi (Soodabeh); C-L. Chang (Chia-Lin); M.J. McAleer (Michael)

    2011-01-01

    textabstractThis paper examines the short- and long-run daily relationships for a grain-energy nexus that includes the prices of corn, crude oil, ethanol, gasoline, soybeans, and sugar, and their open interest. The empirical results demonstrate the presence of these relationships in this nexus, and

  10. The Dynamics of Energy-Grain Prices with Open Interest

    NARCIS (Netherlands)

    S.M. Hammoudeh (Shawkat); S. Sarafrazi (Soodabeh); C-L. Chang (Chia-Lin); M.J. McAleer (Michael)

    2011-01-01

    textabstractThis paper examines the short- and long-run daily relationships for a grain-energy nexus that includes the prices of corn, crude oil, ethanol, gasoline, soybeans, and sugar, and their open interest. The empirical results demonstrate the presence of these relationships in this nexus, and

  11. Business cycles and the behavior of energy prices

    OpenAIRE

    Serletis, Apostolos; Hulleman, Vaughn

    1994-01-01

    This paper tests the theory of storage--the hypothesis that the marginal convenience yield on inventory falls at a decreasing rate as inventory increases in energy markets (crude oil, heating oil, and unleaded gas markets). We use the Fama and French (1988) indirect test, based on the relative variation in spot and futures prices. The results suggest that the theory holds for the energy markets.

  12. HOW IS CURRENT PHARMACEUTICALS PRICING POLICY ON GENERICS PERFORMING IN TURKEY REGARDING PRICE EROSION?

    Directory of Open Access Journals (Sweden)

    Kadir GÜRSOY

    2017-02-01

    Full Text Available Generics are commonly accepted to contribute significantly to treating disease by improving the affordability of pharmaceuticals. Once the patent expires for an originator brand, generics erode prices through creating fierce competition. The objective of this study is to investigate on Turkish pharmaceutical policies over generics through measuring how much they lower the prices, and then develop alternative strategies to maintain higher level of price reduction, and hence saving. Claims data from Turkish Social Security Institution (SSI for all ambulatory care drugs reimbursed were collected monthly in the period of January 2009 to December 2013 and for selected 12 equivalent groups price erosion and saving impacts due to generic entry be computed. Moreover, the price erosion for 15 generics entering the reimbursement list in 2012 as first generics was measured. For 12 equivalent groups constituting nearly 7% of SSI drug spending, the price erosion was nearly 41% ranging from 8% to 74%. In the first year of the first generic entry, on average the prices were only shrank by 39% with an increase of 41% in units sold. As a result of those analyses, it is concluded that Turkey is not maximizing its full potential with respect to generic medicines. Therefore, it is of great importance that policies such as therapeutic equivalence, tendering, and aggressive generic pricing policy to stimulate higher savings need to be introduced in the near future.

  13. Determinants of the energy price system in the Federal Republic of Germany

    Energy Technology Data Exchange (ETDEWEB)

    Hennicke, P.

    1983-01-01

    The seven theses presented in this article are to illustrate some basic determinants of the West German energy price system systematically and - at present mainly - empirically. The theses are related to the following sub-aspects: - relation between the consumption structure of primary energy and the heat-price relations, - influence of energy imports on the domestic energy price level, - existence and dimensions of differential revenues, - reproaches of bulling made to the petroleum industry, - extent and development of the differentiation of energy prices, - influence of governmental interventions on the energy price level, - theoretical price fixing principles and actual tariff policy.

  14. Distribution System Pricing with Distributed Energy Resources

    Energy Technology Data Exchange (ETDEWEB)

    Hledik, Ryan [The Brattle Group, Cambridge, MA (United States); Lazar, Jim [The Regulatory Assistance Project, Montpelier, VT (United States); Schwartz, Lisa [Lawrence Berkeley National Lab. (LBNL), Berkeley, CA (United States)

    2017-08-16

    Technological changes in the electric utility industry bring tremendous opportunities and significant challenges. Customers are installing clean sources of on-site generation such as rooftop solar photovoltaic (PV) systems. At the same time, smart appliances and control systems that can communicate with the grid are entering the retail market. Among the opportunities these changes create are a cleaner and more diverse power system, the ability to improve system reliability and system resilience, and the potential for lower total costs. Challenges include integrating these new resources in a way that maintains system reliability, provides an equitable sharing of system costs, and avoids unbalanced impacts on different groups of customers, including those who install distributed energy resources (DERs) and low-income households who may be the least able to afford the transition.

  15. Energy Prices, Tariffs, Taxes and Subsidies in Ukraine

    Energy Technology Data Exchange (ETDEWEB)

    Evans, Meredydd

    2007-04-01

    For many years, electricity, gas and district heating tariffs for residential consumers were very low in Ukraine; until recently, they were even lower than in neighbouring countries such as Russia. The increases in gas and electricity tariffs, implemented in 2006, are an important step toward sustainable pricing levels; however, electricity and natural gas (especially for households) are still priced below the long-run marginal cost. The problem seems even more serious in district heating and nuclear power. According to the Ministry of Construction, district heating tariffs, on average, cover about 80% of costs. Current electricity prices do not fully include the capital costs of power stations, which are particularly high for nuclear power. Although the tariff for nuclear electricity generation includes a small decommissioning charge, it has not been sufficient to accumulate necessary funds for nuclear plants decommissioning.

  16. From a bundled energy-capacity pricing model to an energy-capacity-ancillary services pricing model

    Energy Technology Data Exchange (ETDEWEB)

    Raineri, Ricardo; Arce, Raul; Salamanca, Carlos [Departamento de Ingenieria Industrial y de Sistemas, Pontificia Universidad Catolica de Chile, Casilla 306, Correo 22, Santiago (Chile); Rios, Sebastian [Departamento de Ingenieria Electrica, Pontificia Universidad Catolica de Chile, Casilla 306, Correo 22, Santiago (Chile)

    2008-08-15

    In this paper, we extend the Chilean power generation pricing mechanism, with capacity and energy payments, to one where ancillary services (AS), as frequency regulation and voltage control, are explicitly recognized. Adequacy and security attributes of the electric system and the public good characteristics of AS are set within the payment structure to distribute the financing of AS among those who benefit from their provision. The contribution to finance the provision of AS is determined assessing the value assigned to the system security by each agent, following what's an efficient pricing mechanism in the presence of public goods. (author)

  17. The Role of Speculation in the Determination of Energy Prices

    Directory of Open Access Journals (Sweden)

    Umar M. Mustapha

    2012-01-01

    Full Text Available This paper seeks to evaluate the role of speculation in the determination of global energy prices. Designed as a case study, five major oil producing countries are the focus of this positivistic study: Nigeria, Mexico, Iran, Saudi Arabia and Russia. Data is collected through secondary sources. One-tailed and two-tailed tests carried out on the relationship between speculation and oil prices for each of the five countries yield critical values lower than the alpha. Thus, the null hypothesis is rejected in favor of the alternate hypothesis that ‘there is a significant and positive correlation between commodity derivatives (oil futures and oil prices’. The study found that while there is a positive relationship between speculation in the commodity derivatives market and oil prices, such a relationship is at best weak and attributes the high prices to several factors, including political instability, high and rising demand from overheating economies such as China, and falling production levels, among others. The paper emphasized the need to enhance the physical and financial transparency of the energy market, as well as the operation of the supply and demand fundamentals, including regulating against insider trading and market manipulation practices, strengthening the reporting requirements of the dealers in the market, and strengthening capital adequacy and margin requirements.

  18. Pricing and Capacity Planning Problems in Energy Transmission Networks

    DEFF Research Database (Denmark)

    Villumsen, Jonas Christoffer

    Efficient use of energy is an increasingly important topic. Environmental and climate concerns as well as concerns for security of supply has made renewable energy sources a viable alternative to traditional energy sources. However, the intermittent nature of for instance wind and solar energy...... necessitates a radical change in the way we plan and operate energy systems. Another paradigm change which began in the 1990’s for electricity systems is that of deregulation. This has led to a variety of different market structures implemented across the world. In this thesis we discuss capacity planning...... and transmission pricing problems in energy transmission networks. Although the modelling framework applies to energy networks in general, most of the applications discussed concern the transmission of electricity. A number of the problems presented involves transmission switching, which allows the operator...

  19. The impact of relative energy prices on industrial energy consumption in China: a consideration of inflation costs.

    Science.gov (United States)

    He, Lingyun; Ding, Zhihua; Yin, Fang; Wu, Meng

    2016-01-01

    Significant effort has been exerted on the study of economic variables such as absolute energy prices to understand energy consumption and economic growth. However, this approach ignores general inflation effects, whereby the prices of baskets of goods may rise or fall at different rates from those of energy prices. Thus, it may be the relative energy price, not the absolute energy price, that has most important effects on energy consumption. To test this hypothesis, we introduce a new explanatory variable, the domestic relative energy price, which we define as "the ratio of domestic energy prices to the general price level of an economy," and we test the explanatory power of this new variable. Thus, this paper explores the relationship between relative energy prices and energy consumption in China from the perspective of inflation costs over the period from 1988 to 2012. The direct, regulatory and time-varying effects are captured using methods such as ridge regression and the state-space model. The direct impacts of relative energy prices on total energy consumption and intensity are -0.337 and -0.250, respectively; the effects of comprehensive regulation on energy consumption through the economic structure and the energy structure are -0.144 and -0.148, respectively; and the depressing and upward effects of rising and falling energy prices on energy consumption are 0.3520 and 0.3564, respectively. When economic growth and the energy price level were stable, inflation persisted; thus, rising energy prices benefitted both the economy and the environment. Our analysis is important for policy makers to establish effective energy-pricing policies that ensure both energy conservation and the stability of the pricing system.

  20. Current and future industrial energy service characterizations

    Energy Technology Data Exchange (ETDEWEB)

    Krawiec, F.; Thomas, T.; Jackson, F.; Limaye, D.R.; Isser, S.; Karnofsky, K.; Davis, T.D.

    1980-10-01

    Current and future energy demands, end uses, and cost used to characterize typical applications and resultant services in the industrial sector of the United States and 15 selected states are examined. A review and evaluation of existing industrial energy data bases was undertaken to assess their potential for supporting SERI research on: (1) market suitability analysis, (2) market development, (3) end-use matching, (3) industrial applications case studies, and (4) identification of cost and performance goals for solar systems and typical information requirements for industrial energy end use. In reviewing existing industrial energy data bases, the level of detail, disaggregation, and primary sources of information were examined. The focus was on fuels and electric energy used for heat and power purchased by the manufacturing subsector and listed by 2-, 3-, and 4-digit SIC, primary fuel, and end use. Projections of state level energy prices to 1990 are developed using the energy intensity approach. The effects of federal and state industrial energy conservation programs on future industrial sector demands were assessed. Future end-use energy requirements were developed for each 4-digit SIC industry and were grouped as follows: (1) hot water, (2) steam (212 to 300/sup 0/F, each 100/sup 0/F interval from 300 to 1000/sup 0/F, and greater than 1000/sup 0/F), and (3) hot air (100/sup 0/F intervals). Volume I details the activities performed in this effort.

  1. Energy prices, technological knowledge and green energy innovation. A dynamic panel analysis of patent counts

    Energy Technology Data Exchange (ETDEWEB)

    Kruse, Juergen; Wetzel, Heike [Koeln Univ. (Germany). Dept. of Economics; Koeln Univ. (Germany). Energiewirtschaftliches Inst.

    2014-07-15

    We examine the effect of energy prices and technological knowledge on innovation in green energy technologies. In doing so, we consider both demand-pull effects, which induce innovative activity by increasing the expected value of innovations, and technology-push effects, which drive innovative activity by extending the technological capability of an economy. Our analysis is conducted using patent data from the European Patent Office on a panel of 26 OECD countries over the period 1978-2009. Utilizing a dynamic count data model for panel data, we analyze 11 distinct green energy technologies. Our results indicate that the existing knowledge stock is a significant driver of green energy innovation for all technologies. Furthermore, the results suggest that energy prices have a positive impact on innovation for some but not all technologies and that the e.ect of energy prices and technological knowledge on green energy innovation becomes more pronounced after the Kyoto protocol agreement in 1997.

  2. The crucial relationship among energy commodity prices: Evidence from the Spanish electricity market

    Energy Technology Data Exchange (ETDEWEB)

    Moutinho, Victor, E-mail: vmoutinho@ua.pt [Department of Economics, Management and Industrial Engineering, University of Aveiro, Campus universitario de Santiago, 3810-193 Aveiro (Portugal); Vieira, Joel, E-mail: jmv@ua.pt [Department of Economics, Management and Industrial Engineering, University of Aveiro, Campus universitario de Santiago, 3810-193 Aveiro (Portugal); Carrizo Moreira, Antonio, E-mail: amoreira@ua.pt [Department of Economics, Management and Industrial Engineering, GOVCOPP, University of Aveiro, Campus universitario de Santiago, 3810-193 Aveiro (Portugal)

    2011-10-15

    The main purpose of this article is twofold to analyze: (a) the long-term relation among the commodities prices and between spot electricity market price and commodity prices, and (b) the short-term dynamics among commodity prices and between electricity prices and commodity prices. Data between 2002 and 2005 from the Spanish electricity market was used. Econometric methods were used in the analysis of the commodity spot price, namely the vector autoregression model, the vector error correction model and the granger causality test. The co-integration approach was used to analyze the long-term relationship between the common stochastic trends of four fossil fuel prices. One of the findings in the long-term relation is that the prices of fuel and the prices of Brent are intertwined, though the prices of Brent ten to 'move' to reestablish the price equilibrium. Another finding is that the price of electricity is explained by the evolution of the natural gas series. - Highlights: > We model energy commodity prices in the Spanish electricity market. > We examine the short and long-term relationships among commodities prices. > We examine short and long-term relationships using co-integration techniques. > We found that in the long run the prices of fuel and Brent are intertwined. > The evolution of price of electricity is explained by the evolution of price of gas.

  3. Effect of Energy Efficiency Standards on Natural Gas Prices

    Energy Technology Data Exchange (ETDEWEB)

    Carnall, Michael; Dale, Larry; Lekov, Alex

    2011-07-26

    A primary justification for the establishment of energy efficiency standards for home appliances is the existence of information deficiencies and externalities in the market for appliances. For example, when a long-term homeowner purchases a new gas-fired water heater, she will maximize the value of her purchase by comparing the life-cycle cost of ownership of available units, including both total installed cost - purchase price plus installation costs - and operating cost in the calculus. Choice of the appliance with the lowest life-cycle costs leads to the most economically efficient balance between capital cost and fuel cost. However, if the purchaser's expected period of ownership is shorter than the useful life of the appliance, or the purchaser does not pay for the fuel used by the appliance, as is often the case with rental property, fuel cost will be external to her costs, biasing her decision toward spending less on fuel efficiency and resulting in the purchase of an appliance with greater than optimal fuel usage. By imposing an efficiency standard on appliances, less efficient appliances are made unavailable, precluding less efficient purchases and reducing fuel usage. The reduction in fuel demanded by residential users affects the total demand for such fuels as natural gas, for example. Reduced demand implies that residential customers are willing to purchase less gas at each price level. That is, the demand curve, labeled D{sub 0} in Figure 1, shifts to the left to D{sub 1}. If there is no change in the supply function, the supply curve will intersect the demand curve at a lower price. Residential demand is only one component of the total demand for natural gas. It is possible that total demand will decline very little if demand in other sectors increases substantially in response to a decline in the price. If demand does decrease, modeling studies generally confirm the intuition that reductions in demand for natural gas will result in reductions

  4. Pricing Data: A Look at Past Proposals, Current Plans, and Future Trends

    CERN Document Server

    Sen, Soumya; Ha, Sangtae; Chiang, Mung

    2012-01-01

    Traditionally, network operators have only used simple flat-rate unlimited data plans to vie for customers. But today, with the popularity of mobile devices and exponential growth of apps, videos, and clouds, service providers are gradually moving towards more sophisticated pricing schemes, including dynamic pricing. This decade will therefore likely witness a major shift in network pricing schemes. However, there are several unique challenges with the dynamic pricing of mobile data, including new system requirements and social adoption. This paper reviews some of the well known past pricing proposals (both static and dynamic), their current realization in various data plans, and new research directions. Unlike a traditional survey, this work is an attempt to explore benefits and challenges of pricing plans that are currently being used by ISPs in different parts of the world so as to facilitate the networking community's efforts in recognizing trends and shaping an appropriate research agenda.

  5. Building a Supplementary System for Successive Settlement of Reforming Energy Price

    Energy Technology Data Exchange (ETDEWEB)

    Cho, G.L. [Korea Energy Economics Institute, Euiwang (Korea)

    2001-11-01

    This study aims to examine whether there is particularly anything to be supplemented in order to successfully reform the price system, based on the assumption of maintaining the current proposal for price reforming. To achieve the target, we compare and evaluate the tax structure and proportion to the advanced taxation system through surveying on the taxation system of the advanced countries and investigate the measures for advancing the energy tax system. Through benchmarking USA, Japan, and European countries, we understand the contents about taxation system, revenue, and future tax reformation related to energy and draw an appropriated conclusion about energy taxation system. On the basis of these analyzed data about the advanced countries' taxation system, we objectively appraise the reforming proposal of our energy price system and examine what needs to be improved and supplemented. Accordingly, we deduce necessary measures for improvement and estimate the expected national economic effects in case of enforcing the improving measures actually. To estimate the economic effects, we also estimate the effects that the price reform impacts on increase and decrease of tax revenue and find an effective expenditure measures for increasing tax revenue. 36 refs., 26 figs., 111 tabs.

  6. Real-time pricing strategy of micro-grid energy centre considering price-based demand response

    Science.gov (United States)

    Xu, Zhiheng; Zhang, Yongjun; Wang, Gan

    2017-07-01

    With the development of energy conversion technology such as power to gas (P2G), fuel cell and so on, the coupling between energy sources becomes more and more closely. Centralized dispatch among electricity, natural gas and heat will become a trend. With the goal of maximizing the system revenue, this paper establishes the model of micro-grid energy centre based on energy hub. According to the proposed model, the real-time pricing strategy taking into account price-based demand response of load is developed. And the influence of real-time pricing strategy on the peak load shifting is discussed. In addition, the impact of wind power predicted inaccuracy on real-time pricing strategy is analysed.

  7. Why are current world food prices so high? : a memo

    NARCIS (Netherlands)

    Banse, M.A.H.; Nowicki, P.L.; Meijl, van H.

    2008-01-01

    World agricultural prices are very volatile which is due to traditional characteristics of agricultural markets such as inelastic (short run) supply and demand curves. A combination of record low global inventory levels, weather induced supply side shocks, surging outside investor influence, record

  8. Pricing strategies in inelastic energy markets: can we use less if we can't extract more?

    Science.gov (United States)

    Voinov, Alexey; Filatova, Tatiana

    2014-03-01

    Limited supply of nonrenewable energy resources under growing energy demand creates a situation when a marginal change in the quantity supplied or demanded causes non-marginal swings in price levels. The situation is worsened by the fact that we are currently running out of cheap energy resources at the global scale while adaptation to climate change requires extra energy costs. It is often argued that technology and alternative energy will be a solution. However, alternative energy infrastructure also requires additional energy investments, which can further increase the gap between energy demand and supply. This paper presents an explorative model that demonstrates that a smooth transition from an oil-based economy to alternative energy sources is possible only if it is started well in advance while fossil resources are still abundant. Later the transition looks much more dramatic and it becomes risky to rely entirely on technological solutions. It becomes increasingly likely that in addition to technological solutions that can increase supply we will need to find ways to decrease demand and consumption. We further argue that market mechanisms can be just as powerful tools to curb demand as they have traditionally been for stimulating consumption. We observe that individuals who consume more energy resources benefit at the expense of those who consume less, effectively imposing price externalities on the latters. We suggest two transparent and flexible methods of pricing that attempt to eliminate price externalities on energy resources. Such pricing schemes stimulate less consumption and can smooth the transition to renewable energy.

  9. Sustainable energy prices and growth. Comparing macroeconomic and backcasting scenarios

    Energy Technology Data Exchange (ETDEWEB)

    Ahlroth, Sofia; Hoejer, Mattias [Division of Environmental Strategies Research, Royal Institute of Technology KTH, Stockholm (Sweden)

    2007-09-15

    How do results from the sustainability research world of backcasting relate to the macroeconomic scenarios used for policy evaluation and planning? The answer is that they do not, mostly - they come from different scientific traditions and are not used in the same contexts. Yet they often deal with the same issues. We believe that much can be gained by bringing the two systems of thinking together. This paper is a first attempt to do so, by making qualitative comparisons between different scenarios and highlighting benefits and limitations to each of them. Why are the pictures we get of the energy future so different if we use a macroeconomic model from when using a backcasting approach based on sustainable energy use? It is evident that the methods for producing those two kinds of scenarios differ a lot, but the main reason behind the different results are found in the starting points rather than in the methods. Baseline assumptions are quite different, as well as the interpretations and importance attached to signals about the future. In this paper, it is discussed how those two types of scenarios differ and how they approach issues such as energy prices and growth. The discussion is based on a comparison between Swedish economic and sustainability scenarios. The economic scenarios aim at being forecasts of the future and are used as decision support for long-term policies. But are the assumptions in the economic scenarios reasonable? The sustainability scenarios are explicitly normative backcasting scenarios. They do not take the issue of growth and consumption fully into account. Could they be developed in this respect? The comparison between the scenarios is also used to look closer at the issue of energy prices in a society with sustainable energy use. One of the questions raised is if a low energy society calls for high energy prices. Moreover, the effects of tradable permits versus energy taxes is analysed in the context of how energy use could be kept low

  10. Energy prices, volatility, and the stock market. Evidence from the Eurozone

    Energy Technology Data Exchange (ETDEWEB)

    Oberndorfer, Ulrich [Federal Ministry of Economics and Technology, Scharnhorststr. 34-37, 10115 Berlin (Germany)

    2009-12-15

    This paper constitutes a first analysis on stock returns of energy corporations from the Eurozone. It focuses on the relationship between energy market developments and the pricing of European energy stocks. According to our results, oil price hikes negatively impact on stock returns of European utilities. However, they lead to an appreciation of oil and gas stocks. Interestingly, forecastable oil market volatility negatively affects European oil and gas stocks, implying profit opportunities for strategic investors. In contrast, the gas market does not play a role for the pricing of Eurozone energy stocks. Coal price developments affect the stock returns of European utilities. However, this effect is small compared to oil price impacts, although oil is barely used for electricity generation in Europe. This suggests that for the European stock market, the oil price is the main indicator for energy price developments as a whole. (author)

  11. Energy prices, volatility, and the stock market: Evidence from the Eurozone

    Energy Technology Data Exchange (ETDEWEB)

    Oberndorfer, Ulrich, E-mail: ulrich.oberndorfer@bmwi.bund.d [Federal Ministry of Economics and Technology, Scharnhorststr. 34-37, 10115 Berlin (Germany)

    2009-12-15

    This paper constitutes a first analysis on stock returns of energy corporations from the Eurozone. It focuses on the relationship between energy market developments and the pricing of European energy stocks. According to our results, oil price hikes negatively impact on stock returns of European utilities. However, they lead to an appreciation of oil and gas stocks. Interestingly, forecastable oil market volatility negatively affects European oil and gas stocks, implying profit opportunities for strategic investors. In contrast, the gas market does not play a role for the pricing of Eurozone energy stocks. Coal price developments affect the stock returns of European utilities. However, this effect is small compared to oil price impacts, although oil is barely used for electricity generation in Europe. This suggests that for the European stock market, the oil price is the main indicator for energy price developments as a whole.

  12. Energy prices. How energy supply companies can make the jump out of the price trap; Energiepreise. EVU kann der Sprung aus der Preisfalle gelingen

    Energy Technology Data Exchange (ETDEWEB)

    Weinreich, Uwe; Hoffmann, Christian [SNPC GmbH, Berlin (Germany)

    2012-12-15

    While differentiated price strategies have long been in use in other branches, energy supply companies are still often caught in the habit of thinking from the power plant end. When one starts one's thinking from the customer and the market it opens the way to better product and price strategies - strategies that deliver added value to both customer and energy supplier. However, energy supply companies must align their product and market strategies accordingly in order for this to be successful. Four levels of price management can be distinguished in developing profitability potentials in the energy economy.

  13. Economic Evaluation for Energy Business Using Real Options Pricing Method

    Energy Technology Data Exchange (ETDEWEB)

    Yun, W.C. [Korea Energy Economics Institute, Euiwang (Korea)

    2001-11-01

    Recently, facing the new era of restructuring, privatization, and liberalization the energy industry in the world is changing rapidly, and thus the uncertain factors tend to increase. This would imply that energy-related business is now confronted with new market risks as well as the simple price risks. The traditional investment valuation method using the concept of net present value (NPV) or internal rate of revenue (IRR) might not incorporate the managerial alternatives which enable managers to respond flexibly to the changes in business environment. This study pointed out the problems of the traditional discounted cash flow (DCF) method when evaluating a certain capital investment in energy industry. As an alternative, the real option pricing method (ROPM) was proposed, which is widely adopted in the field of profit projection for the venture business. In addition, when applying to energy sector the feasibility of ROPM was discussed, and the frameworks and major results of previous related studies were described. For those using the ROPM in real business, I explained the detailed procedures and solutions of ROPM, and introduced the log-transformed binomial model which provides a more efficient solution. In order to verify the usefulness of the ROPM, this study performed an empirical analysis for a virtual construction and operation project of power plant. And, the results from the ROPM was compared to those from the traditional DCF method. Based on the empirical results, the values of various investment opportunities were shown to be high. Therefore, the project not justified in terms of traditional DCF would turn into the project with a positive gross project value, properly reflecting managerial flexibilities inherent in the original project. (author). 58 refs., 32 figs., 33 tabs.

  14. Oil prices and current account: A structural analysis for the Turkish economy

    Energy Technology Data Exchange (ETDEWEB)

    Ozlale, Umit, E-mail: ozlale@etu.edu.t [TOBB University of Economics and Technology, Department of Economics, Soeguetoezue, 06533, Ankara (Turkey); Pekkurnaz, Didem [Department of Economics, University of North Carolina at Chapel Hill, NC 27599, Chapel Hill (United States)

    2010-08-15

    Although there has been an increasing number of studies about the effects of oil prices on the macroeconomic performances, the literature on the interaction between oil prices and current account is limited, especially for oil importing developing countries. This paper analyzes the impact of oil prices on the current account balances for the Turkish economy using a structural vector autoregression model. Our model allows us to identify the net effect of oil prices on current account balances after controlling for other factors such as output gap and exchange rate misalignment. The results show that the response of current account ratio to oil price shock increases gradually up to the first three months and then starts to decrease, which indicates a significant effect of oil price shocks in the short-run. Moreover, when the obtained structural shocks are employed in a simple regression analysis, the parameter regarding the oil price shocks is found to be negative and statistically significant. The final section discusses the policy implications of the results.

  15. Oil prices and current account. A structural analysis for the Turkish economy

    Energy Technology Data Exchange (ETDEWEB)

    Oezlale, Uemit [TOBB University of Economics and Technology, Department of Economics, Soeguetoezue, 06533, Ankara (Turkey); Pekkurnaz, Didem [Department of Economics, University of North Carolina, Chapel Hill, NC (United States)

    2010-08-15

    Although there has been an increasing number of studies about the effects of oil prices on the macroeconomic performances, the literature on the interaction between oil prices and current account is limited, especially for oil importing developing countries. This paper analyzes the impact of oil prices on the current account balances for the Turkish economy using a structural vector autoregression model. Our model allows us to identify the net effect of oil prices on current account balances after controlling for other factors such as output gap and exchange rate misalignment. The results show that the response of current account ratio to oil price shock increases gradually up to the first three months and then starts to decrease, which indicates a significant effect of oil price shocks in the short-run. Moreover, when the obtained structural shocks are employed in a simple regression analysis, the parameter regarding the oil price shocks is found to be negative and statistically significant. The final section discusses the policy implications of the results. (author)

  16. Trends in prices to commercial energy consumers in the competitive Texas electricity market

    Energy Technology Data Exchange (ETDEWEB)

    Zarnikau, Jay [University of Texas at Austin (United States); Frontier Associates LLC, Austin, TX (United States); Fox, Marilyn; Smolen, Paul [Fox, Smolen and Associates, Inc., Austin, TX (United States)

    2007-08-15

    To date, the price of electricity to commercial or business energy consumers has generally increased at greater rates in the areas of Texas where retail competition has been introduced than in areas that do not enjoy competition. Trends in commercial competitive prices have largely mirrored trends in residential prices. Market restructuring has tended to increase the sensitivity of retail electricity prices to changes in the price of natural gas, the marginal fuel used for generation in Texas. Consequently, the rapid increases in the commodity price of natural gas following restructuring led to increases in competitive electric rates which exceeded the increases in areas not exposed to restructuring, where the fuel component of electric rates tend to reflect a weighted average of the utilities' fuel costs. There is some evidence that pricing behavior by competitive retailers changed when the retailers affiliated with the incumbent utilities were permitted some pricing flexibility, resulting in a reduction in prices. (author)

  17. Quantifying the value that energy efficiency and renewable energy provide as a hedge against volatile natural gas prices

    Energy Technology Data Exchange (ETDEWEB)

    Bolinger, Mark; Wiser, Ryan; Bachrach, Devra; Golove, William

    2002-05-15

    Advocates of energy efficiency and renewable energy have long argued that such technologies can mitigate fuel price risk within a resource portfolio. Such arguments--made with renewed vigor in the wake of unprecedented natural gas price volatility during the winter of 2000/2001--have mostly been qualitative in nature, however, with few attempts to actually quantify the price stability benefit that these sources provide. In evaluating this benefit, it is important to recognize that alternative price hedging instruments are available--in particular, gas-based financial derivatives (futures and swaps) and physical, fixed-price gas contracts. Whether energy efficiency and renewable energy can provide price stability at lower cost than these alternative means is therefore a key question for resource acquisition planners. In this paper we evaluate the cost of hedging gas price risk through financial hedging instruments. To do this, we compare the price of a 10-year natural gas swap (i.e., what it costs to lock in prices over the next 10 years) to a 10-year natural gas price forecast (i.e., what the market is expecting spot natural gas prices to be over the next 10 years). We find that over the past two years natural gas users have had to pay a premium as high as $0.76/mmBtu (0.53/242/kWh at an aggressive 7,000 Btu/kWh heat rate) over expected spot prices to lock in natural gas prices for the next 10 years. This incremental cost to hedge gas price risk exposure is potentially large enough - particularly if incorporated by policymakers and regulators into decision-making practices - to tip the scales away from new investments in variable-price, natural gas-fired generation and in favor of fixed-price investments in energy efficiency and renewable energy.

  18. A Generalized Schwartz Model for Energy Spot Prices - Estimation using a Particle MCMC Method

    DEFF Research Database (Denmark)

    Lunde, Asger; Brix, Anne Floor; Wei, Wei

    We propose an energy spot price model featuring a two-factor price process and a two-component stochastic volatility process. The first factor in the price process captures the normal variations; the second accounts for spikes. The two-component volatility allows for a flexible autocorrelation st...

  19. Welfare Effects of Higher Energy and Food Prices in Botswana: A ...

    African Journals Online (AJOL)

    emerging market economies those contributing to higher food prices include global warming and the shift to ... Botswana has allowed energy and food prices to be transmitted to domestic markets in the form of higher ..... Responding to global food price volatility and its impact on food security ... Poverty and Equity. Group.

  20. Renewable Energy Price-Stability Benefits in Utility Green Power Programs. 36 pp

    Energy Technology Data Exchange (ETDEWEB)

    Bird, Lori A. [National Renewable Energy Lab. (NREL), Golden, CO (United States); Cory, Karlynn S. [National Renewable Energy Lab. (NREL), Golden, CO (United States); Swezey, Blair G. [Applied Materials, Santa Clara, CA (United States)

    2008-08-01

    This paper examines utility experiences when offering the fixed-price benefits of renewable energy in green pricing programs, including the methods utilized and the impact on program participation. It focuses primarily on utility green pricing programs in states that have not undergone electric industry restructuring.

  1. Renewable Energy Price-Stability Benefits in Utility Green Power Programs

    Energy Technology Data Exchange (ETDEWEB)

    Bird, L. A.; Cory, K. S.; Swezey, B. G.

    2008-08-01

    This paper examines utility experiences when offering the fixed-price benefits of renewable energy in green pricing programs, including the methods utilized and the impact on program participation. It focuses primarily on utility green pricing programs in states that have not undergone electric industry restructuring.

  2. Guangxi Canceling Preferential Power Price for High Energy Consumption Including Aluminum Enterprises

    Institute of Scientific and Technical Information of China (English)

    2008-01-01

    <正>Guangxi has carried out the policy of differen- tiated power price earnestly.At the end of 2007,the price bureau of the autonomous re- gion has unveiled the policy of the cancellation of preferential electricity price for high energy consumption enterprises.

  3. Meta-Analysis of Income and Price Elasticities Energy Demand: Some Public Policy Implications for Latin America

    Directory of Open Access Journals (Sweden)

    Luis Miguel Galindo

    2015-08-01

    Full Text Available The aim of this paper is to analyze the variation in empirical estimates of the income and price elasticities of energy demand. The evidence presented, through a meta-analysis, allows identification of the weighted average of the income and price elasticities, shows that the estimates are very heterogeneous, that there is publication bias, and that factors such as region, energy sector, among others, affect its volatility. The evidence also indicates that income elasticity in Latin America is greater than in the OECD countries, and that the price elasticity of energy demand is lower in Latin America than in the OECD countries. Therefore, continued economic growth in Latin America will be accompanied by a growth in energy demand. Moreover, the establishment of a tax in Latin America, under the current elasticities, is less effective and will be insufficient to control the increase in energy consumption.

  4. Current Renewable Energy Technologies and Future Projections

    Energy Technology Data Exchange (ETDEWEB)

    Allison, Stephen W [ORNL; Lapsa, Melissa Voss [ORNL; Ward, Christina D [ORNL; Smith, Barton [ORNL; Grubb, Kimberly R [ORNL; Lee, Russell [ORNL

    2007-05-01

    The generally acknowledged sources of renewable energy are wind, geothermal, biomass, solar, hydropower, and hydrogen. Renewable energy technologies are crucial to the production and utilization of energy from these regenerative and virtually inexhaustible sources. Furthermore, renewable energy technologies provide benefits beyond the establishment of sustainable energy resources. For example, these technologies produce negligible amounts of greenhouse gases and other pollutants in providing energy, and they exploit domestically available energy sources, thereby reducing our dependence on both the importation of fossil fuels and the use of nuclear fuels. The market price of renewable energy technologies does not reflect the economic value of these added benefits.

  5. A Three-Part Electricity Price Mechanism for Photovoltaic-Battery Energy Storage Power Plants Considering the Power Quality and Ancillary Service

    Directory of Open Access Journals (Sweden)

    Yajing Gao

    2017-08-01

    Full Text Available To solve the problem of solar abandoning, which is accompanied by the rapid development of photovoltaic (PV power generation, a demonstration of a photovoltaic-battery energy storage system (PV-BESS power plant has been constructed in Qinghai province in China. However, it is difficult for the PV-BESS power plant to survive and develop with the current electricity price mechanism and subsidy policy. In this paper, a three-part electricity price mechanism is proposed based on a deep analysis of the construction and operation costs and economic income. The on-grid electricity price is divided into three parts: the capacity price, graded electricity price, and ancillary service price. First, to ensure that the investment of the PV-BESS power plant would achieve the industry benchmark income, the capacity price and benchmark electricity price are calculated using the discounted cash flow method. Then, the graded electricity price is calculated according to the grade of the quality of grid-connected power. Finally, the ancillary service price is calculated based on the graded electricity price and ancillary service compensation. The case studies verify the validity of the three-part electricity price mechanism. The verification shows that the three-part electricity price mechanism can help PV-BESS power plants to obtain good economic returns, which can promote the development of PV-BESS power plants.

  6. Existence of a current price as a precondition for abstract method for calculating damages in international and Serbian sales law

    Directory of Open Access Journals (Sweden)

    Fišer-Šobot Sandra

    2014-01-01

    Full Text Available If the contract is avoided and there is a current price for the goods, the party claiming damages may recover the difference between the price fixed by the contract and the current price at specific time and at specific place. Abstract calculation of loss is possible only when the contract goods have current price. Current price is the price generally charged for such goods sold under comparable circumstances in the trade concerned. According to the CISG and Serbian Law of Obligations, for the determination of the current price is relevant time of avoidance. This general rule is not applicable in international sales law when the party claiming damages has avoided the contract after taking over the goods. In that case, the current price at the time of taking over shall be applicable instead of the current price at the time of avoidance. Current price rule contained in the Art. 76(2 of the CISG presupposes that the current price is the price prevailing at the place where the delivery of the goods should have been made, or if there is no current price at the place, the price at such other place as serves as a reasonable substitute, making due allowance for differences in the cost of transporting the goods. Pursuant to Art. 524(2 Of Serbian Law of Obligations, however, relevant is the price in the market of the place of effecting the transaction. Formulation place of effecting the transaction is unclear and vague and can create different problems. Therefore, this rule should be amended and the relevant place should be the place of delivery.

  7. Purchase prices for renewable energies in France beyond September 2010; Les tarifs d'achat energies renouvelables applicables en France au 1. septembre 2010

    Energy Technology Data Exchange (ETDEWEB)

    Anon.

    2010-09-15

    This table lists the purchase prices concerning the electricity produced by biogas, wind energy, geothermal energy, photovoltaic energy and hydro energy and gives the purchase conditions. These prices are valid in France beyond the first of september 2010

  8. Current work in energy analysis

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    1998-03-01

    This report describes the work performed at Berkeley Lab most recently. One of the Labs accomplishments is the publication of Scenarios of US Carbon Reductions, an analysis of the potential of energy technologies to reduce carbon emissions in the US. This analysis is described and played a key role in shaping the US position on climate change in the Kyoto Protocol negotiations. The Labs participation in the fundamental characterization of the climate change issue by the IPCC is described. Described also is a study of leaking electricity, which is stimulating an international campaign for a one-watt ceiling for standby electricity losses from appliances. This ceiling has the potential to save two-thirds of the 5% of US residential electricity currently expended on standby losses. The 54 vignettes contained in the report summarize results of research activities ranging in scale from calculating the efficacy of individual lamp ballasts to estimating the cost-effectiveness of the national Energy Star{reg_sign} labeling program, and ranging in location from a scoping study of energy-efficiency market transformation in California to development of an energy-efficiency project in the auto parts industry in Shandong Province, China.

  9. 76 FR 9696 - Equipment Price Forecasting in Energy Conservation Standards Analysis

    Science.gov (United States)

    2011-02-22

    ... Parts 430 and 431 Equipment Price Forecasting in Energy Conservation Standards Analysis AGENCY: Office..., Mailstop EE-2J, Equipment Price Forecasting in Energy Conservation Standards Analysis, EE-2008-BT-STD- 0012... might result from technological innovation or anticipated behavioral changes.'' In light of the...

  10. Oil prices, nuclear energy consumption, and economic growth: New evidence using a heterogeneous panel analysis

    Energy Technology Data Exchange (ETDEWEB)

    Lee, Chien-Chiang, E-mail: cclee@cm.nsysu.edu.t [Department of Finance, National Sun Yat-sen University Kaohsiung, Taiwan (China); Chiu, Yi-Bin [Department of Finance, National Sun Yat-sen University Kaohsiung, Taiwan (China)

    2011-04-15

    This paper applies panel data analysis to examine the short-run dynamics and long-run equilibrium relationships among nuclear energy consumption, oil prices, oil consumption, and economic growth for developed countries covering the period 1971-2006. The panel cointegration results show that in the long run, oil prices have a positive impact on nuclear energy consumption, suggesting the existence of the substitution relationship between nuclear energy and oil. The long-run elasticity of nuclear energy with respect to real income is approximately 0.89, and real income has a greater impact on nuclear energy than do oil prices in the long run. Furthermore, the panel causality results find evidence of unidirectional causality running from oil prices and economic growth to nuclear energy consumption in the long run, while there is no causality between nuclear energy consumption and economic growth in the short run. - Research highlights: {yields} We examine the relationship among nuclear energy consumption, oil prices, oil consumption, and economic growth for developed countries. {yields} The existence of the substitution relationship between nuclear energy and oil. {yields} Real income has a greater impact on nuclear energy than do oil prices in the long run. {yields} An unidirectional causality running from oil prices and economic growth to nuclear energy consumption in the long run.

  11. 当前油价和补贴政策对中国新能源汽车产业发展的影响——基于Stackelberg模型分析%Effects of the Current Oil Price and Subsidy Policy on the Development of New Energy Automotive Industry in China: Analysis Based on Stackelberg Model

    Institute of Scientific and Technical Information of China (English)

    汪泽波

    2015-01-01

    In order to reduce air pollution, promote the transformation of the economic development mode and cultivate new economic growth points, the Chinese government vigorously supports and promotes the development of new energy automotive industry, having issuing a series of subsidy policy measures and making this emerging industry to usher in the development of the best opportunities. But the development of new energy vehicles face a variety of difficulties and challenges at the disadvantages in terms of the price competition and the market share because of their high manufacturing costs and technical breakthrough difficulties, compared with traditional vehicles. How to break the monopoly of the traditional auto industry? This paper is based on the classical Stackelberg model to establish the competition model between the new energy automotive industry and the traditional automobile industry, selecting the fuel prices and government subsidies in a number of factors to analyze their influence on the development of new energy automotive industry and finds that the current low oil price has an adverse effect on the development of new energy automotive industry, and government subsidies have positive effect on it, thus giving the feasible policy suggestions.%为减少空气污染、促进经济发展方式转变以培育新的经济增长点,中国大力扶持推动新能源汽车产业发展,出台了一系列补贴政策措施,使得这一新兴产业迎来发展的最佳机遇期. 但是新能源汽车相对于传统汽车由于其制造成本高、技术难度大,在价格竞争方面处于不利的地位,市场占有额比较少,其发展面临种种困难和挑战. 以经典的Stackelberg模型为基础,建立新能源汽车产业和传统汽车产业之间的竞争模型,在众多影响因素中选取燃油价格和政府补贴两个因素,分析其对新能源汽车产业发展的影响,发现当前较低的油价对新能源汽车产业发展有不利的影响,

  12. Opening the gas market - Effects on energy consumption, energy prices and the environment and compensation measures; Marktoeffnung im Gasbereich

    Energy Technology Data Exchange (ETDEWEB)

    Dettli, R.; Signer, B.; Kaufmann, Y.

    2001-07-01

    This final report for the Swiss Federal Office of Energy (SFOE) examines the effects of a future liberalisation of the gas market in Switzerland. The report first examines the current situation of the gas supply industry in Switzerland. The contents of European Union Guidelines are described and their implementation in Switzerland is discussed. Experience already gained in other countries is looked at, including market opening already implemented in the USA and Great Britain. The effect of market-opening on gas prices is discussed; the various components of the gas price are examined and comparisons are made with international figures. The pressure of competition on the individual sectors of the gas industry are looked at and the perspectives in the gas purchasing market are examined. The report presents basic scenarios developed from these considerations. Further effects resulting from a market opening are discussed, including those on the structure of the gas industry, its participants, electricity generation, energy use and the environment, consumers in general, security of supply and the national economy. Possible compensatory measures are discussed and factors for increasing efficiency and the promotion of a competitive environment are discussed. In the appendix, two price scenarios are presented.

  13. Easing the natural gas crisis: Reducing natural gas prices through increased deployment of renewable energy and energy efficiency

    Energy Technology Data Exchange (ETDEWEB)

    Wiser, Ryan; Bolinger, Mark; St. Clair, Matt

    2004-12-21

    Heightened natural gas prices have emerged as a key energy-policy challenge for at least the early part of the 21st century. With the recent run-up in gas prices and the expected continuation of volatile and high prices in the near future, a growing number of voices are calling for increased diversification of energy supplies. Proponents of renewable energy and energy efficiency identify these clean energy sources as an important part of the solution. Increased deployment of renewable energy (RE) and energy efficiency (EE) can hedge natural gas price risk in more than one way, but this paper touches on just one potential benefit: displacement of gas-fired electricity generation, which reduces natural gas demand and thus puts downward pressure on gas prices. Many recent modeling studies of increased RE and EE deployment have demonstrated that this ''secondary'' effect of lowering natural gas prices could be significant; as a result, this effect is increasingly cited as justification for policies promoting RE and EE. This paper summarizes recent studies that have evaluated the gas-price-reduction effect of RE and EE deployment, analyzes the results of these studies in light of economic theory and other research, reviews the reasonableness of the effect as portrayed in modeling studies, and develops a simple tool that can be used to evaluate the impact of RE and EE on gas prices without relying on a complex national energy model. Key findings are summarized.

  14. Impact of energy prices and cellulosic biomass supply on agriculture, energy, and the environment: An integrated modeling approach

    Science.gov (United States)

    The accelerated growth in biofuels markets has both created and reinforced linkages between agricultural and energy markets. This study investigates the dynamics in agricultural and biofuel markets under alternative price scenarios for both crude oil and natural gas. Two energy ...

  15. Managing Interactions Between Carbon Pricing and Existing Energy Policies. Guidance for Policymakers

    Energy Technology Data Exchange (ETDEWEB)

    Hood, Christina

    2013-07-01

    Carbon pricing can be a key policy tool to help countries move their energy sectors onto a cleaner development path. One important issue to consider when introducing carbon pricing is how it will integrate with other energy policies that also reduce greenhouse gas emissions, including policies to support low-carbon technologies (such as renewable energy) and energy efficiency programmes. Poor policy integration can undermine energy security and affordability, and affect the performance of renewable energy policies and energy markets. Climate objectives can also be undermined, through low and uncertain carbon prices and the risk of stop-start policy. Understanding how to manage policy interactions can improve the climate and energy policy package, reducing the trade-offs and advancing the synergies between energy and climate objectives. This will benefit the country in terms of a more effective and lower-cost low-carbon development path, as well as supporting a more energy-secure future.

  16. Estimation of sectoral prices in the BNL energy input--output model

    Energy Technology Data Exchange (ETDEWEB)

    Tessmer, R.G. Jr.; Groncki, P.; Boyce, G.W. Jr.

    1977-12-01

    Value-added coefficients have been incorporated into Brookhaven's Energy Input-Output Model so that one can calculate the implicit price at which each sector sells its output to interindustry and final-demand purchasers. Certain adjustments to historical 1967 data are required because of the unique structure of the model. Procedures are also described for projecting energy-sector coefficients in future years that are consistent with exogenously specified energy prices.

  17. Price determinants of the European carbon market and interactions with energy markets

    Energy Technology Data Exchange (ETDEWEB)

    Schumacher, Katja; Cludius, Johanna; Matthes, Felix [Oeko Institut e.V., Berlin (Germany); Diekmann, Jochen; Zaklan, Aleksandar [Deutsches Institut fuer Wirtschaftsforschung, Berlin (Germany); Schleich, Joachim [Fraunhofer-Institut fuer Systemtechnik und Innovationsforschung (ISI), Karlsruhe (Germany)

    2012-06-15

    This report explores the determinants of short run price movements in the carbon market and their interaction with energy markets, in particular with the electricity market. Focusing on Phase 2 of the EU ETS we conduct econometric time series analysis based on continental EU and UK market data. Our findings suggest that market fundamentals have a dominant effect on the EUA price, but that non-fundamental factors may also play a role. We further found that the electricity price has a significant positive impact on the carbon price in the short run.

  18. Study on impact of energy price comparison on energy saving benefits of heat pump in North China

    Science.gov (United States)

    Dong, X.; Tian, Q.; Zhang, Y. G.; Bai, H. F.

    2016-08-01

    As to the heat pump technology applying in the HVAC engineering, the relationship between energy saving rate (ESR) and electricity cost saving rate (ECSR) of heat pump should be a positive correlation in theory. But in the actual energy price system, due to the fluctuating energy price comparison, the relationship between them is of less coordination. Moreover, despite the high ESR, the economic benefit of ECSR is lost. In this paper, via the case analysis under the condition of average technical and economic parameters in North China, the critical point rate of economic benefit of ECSR in energy price comparison among prices of residential electricity, steam-coal, and residential natural gas is found, which is about 2:3:8. Also, a viewpoint as well as method is suggested to promote the wide usage of heat pump, balance energy supply structure, save energy consumption, and reduce emissions by optimizing the energy price comparison, which is feasible and desirable to raise the price comparison between residential electricity and natural gas, and reduce the price comparison between residential electricity and steam-coal in a certain extent.

  19. Relationships among energy price shocks, stock market, and the macroeconomy: evidence from China.

    Science.gov (United States)

    Cong, Rong-Gang; Shen, Shaochuan

    2013-01-01

    This paper investigates the interactive relationships among China energy price shocks, stock market, and the macroeconomy using multivariate vector autoregression. The results indicate that there is a long cointegration among them. A 1% rise in the energy price index can depress the stock market index by 0.54% and the industrial value-adding growth by 0.037%. Energy price shocks also cause inflation and have a 5-month lag effect on stock market, which may result in the stock market "underreacting." The energy price can explain stock market fluctuations better than the interest rate over a longer time period. Consequently, investors should pay greater attention to the long-term effect of energy on the stock market.

  20. Relationships among Energy Price Shocks, Stock Market, and the Macroeconomy: Evidence from China

    Directory of Open Access Journals (Sweden)

    Rong-Gang Cong

    2013-01-01

    Full Text Available This paper investigates the interactive relationships among China energy price shocks, stock market, and the macroeconomy using multivariate vector autoregression. The results indicate that there is a long cointegration among them. A 1% rise in the energy price index can depress the stock market index by 0.54% and the industrial value-adding growth by 0.037%. Energy price shocks also cause inflation and have a 5-month lag effect on stock market, which may result in the stock market “underreacting.” The energy price can explain stock market fluctuations better than the interest rate over a longer time period. Consequently, investors should pay greater attention to the long-term effect of energy on the stock market.

  1. CURRENT STATUS AND OUTLOOK OF RENEWABLE ENERGY ...

    African Journals Online (AJOL)

    Over 80% of the current Nigerian primary energy consumption is met by petroleum. ... energy resources in Nigeria, namely; biomass, hydropower, solar and wind energy. ... The data presented in this paper is a crucial eye-opener for relevant ...

  2. A CAUSAL RELATIONSHIP BETWEEN OIL PRICES CURRENT ACCOUNT DEFICIT, AND ECONOMIC GROWTH: AN EMPIRICAL ANALYSIS FROM FRAGILE FIVE COUNTRIES

    Directory of Open Access Journals (Sweden)

    Yuksel BAYRAKTAR

    2016-09-01

    Full Text Available The main objective of this study is to determine the impact of oil prices in the Fragile-Five countries (Brazil, Indonesia, South Africa, India, and Turkey on current account deficit and growth. In this study, the method of panel data analysis was used and the period of 1980-2014 was examined. The Levin, Lin, & Chu panel; Im, Pesaran, and Shin W-stat; ADF-Fisher Chi-square; and PP-Fisher Chi-square unit root tests were used to determine the stability of data before panel data analysis. The results of the study can be expressed as follows. i There was a statistically meaningful relationship in oil prices with both GDP and the current account deficit. While there was a positive correlation between oil prices and GDP, there was a negative relationship between oil prices and current account deficit. ii No long-term relationship was found between GDP and oil prices; there was a long-term relationship between current account deficit and oil prices as determined by the cointegration tests. iii Causality test also showed the presence of a bidirectional relationship between GDP and oil prices.  Causality between oil prices and the current account deficit was one-way from the variable of oil price to the variable of current account deficit.

  3. Effect of Energy Price Liberalization on Corn self-sufficiency in Iran

    Directory of Open Access Journals (Sweden)

    mohammadreza pakravan

    2015-05-01

    Full Text Available liberalization of energy price increases costs of agricultural inputs and costs of agricultural production. All these changes may affect the overall competitiveness of domestic products with similar foreign products. As a result of that, total cost of agricultural products are increased and profitability are decreased. In this paper, energy consumption for producing Corn were calculated using cost- production database from Jahad-Keshavarzi for the years 2001-2010. Then, the cost function, production function and demand function for this crop were estimated in the form of panel data structure. Furthermore, the import function of corn and the associated elasticity were calculated using time series data for the years 1981-2000. The results show that, for the corn production, the elasticity of energy input and price elasticity of energy demand are 2.47 and -0.005, respectively. Considering to the fact that the production elasticity in the import function is -0/83, every one percent increase in the price of fuel due to the energy price liberalization policy increases the import of corn by 0/01 percent. Accordingly, increasing energy price has a negative effect on the food self-sufficiency that is one of the main objectives of the fifth national development plan. Ultimately, it is proposed that policy makers provide corn producers with more supports in order to reduce the negative effect of energy price liberalization on the national corn products.

  4. Smart self-scheduling of Gencos with thermal and energy storage units under price uncertainty

    OpenAIRE

    Soroudi, Alireza

    2013-01-01

    This paper provides a self-scheduling tool for price taker Gencos. This methodology is based on Robust Optimization (RO) to deal with the uncertainties of market price values in the day-ahead electricity pool market. The Genco is assumed to be the entity who decides about the operating schedules of its thermal units and Compressed Air Energy Storage units. The benefits of Genco brought by smart grid technology and energy storage systems are investigated in this work. The applicability of the ...

  5. A New Pricing Scheme for Controlling Energy Storage Devices in Future Smart Grid

    Directory of Open Access Journals (Sweden)

    Jingwei Zhu

    2014-01-01

    Full Text Available Improvement of the overall efficiency of energy infrastructure is one of the main anticipated benefits of the deployment of smart grid technology. Advancement in energy storage technology and two-way communication in the electric network are indispensable components to achieve such a vision, while efficient pricing schemes and appropriate storage management are also essential. In this paper, we propose a universal pricing scheme which permits one to indirectly control the energy storage devices in the grid to achieve a more desirable aggregate demand profile that meets a particular target of the grid operator such as energy generation cost minimization and carbon emission reduction. Such a pricing scheme can potentially be applied to control the behavior of energy storage devices installed for integration of intermittent renewable energy sources that have permission to grid connection and will have broader applications as an increasing number of novel and low-cost energy storage technologies emerge.

  6. Energy Trading and Pricing in Microgrids with Uncertain Energy Supply: A Three-Stage Hierarchical Game Approach

    Directory of Open Access Journals (Sweden)

    Kai Ma

    2017-05-01

    Full Text Available This paper studies an energy trading and pricing problem for microgrids with uncertain energy supply. The energy provider with the renewable energy (RE generation (wind power determines the energy purchase from the electricity markets and the pricing strategy for consumers to maximize its profit, and then the consumers determine their energy demands to maximize their payoffs. The hierarchical game is established between the energy provider and the consumers. The energy provider is the leader and the consumers are the followers in the hierarchical game. We consider two types of consumers according to their response to the price, i.e., the price-taking consumers and the price-anticipating consumers. We derive the equilibrium point of the hierarchical game through the backward induction method. Comparing the two types of consumers, we study the influence of the types of consumers on the equilibrium point. In particular, the uncertainty of the energy supply from the energy provider is considered. Simulation results show that the energy provider can obtain more profit using the proposed decision-making scheme.

  7. Water: The Only Factor Influencing the Price of Energy in the Spot Market?

    Directory of Open Access Journals (Sweden)

    Vinicius Mothé Maia

    2016-04-01

    Full Text Available The Brazilian electric energy generation system is based on its hydroelectric power plants, making the country dependent on proper rainfall and, thus, raising the possibility of energy stress situations, such as the energy-rationing scenario observed in the beginning of the century and the latest water crisis (2014. Moments of water scarcity are followed by an increase in energy prices, which affects the economy as whole. Therefore, it is relevant to understand which factors in the Brazilian Electric System affect the energy price and the individual importance of each. This paper aimed to analyze which the key variables influencing the energy price in the spot market are by using official data from the National Electric System Operator. The used data was from the period July/2001 to July/2014, which was employed in a multiple regression methodology along with time series. The results suggest an inverse relationship between the natural flow of rivers (directly related to rainfall and the energy price. Moreover, they also point to an inverse relationship between the potential energy stored in reservoirs as water and the energy price.

  8. Global panorama of energy access: Current situation, challenges and outlook

    Energy Technology Data Exchange (ETDEWEB)

    Galichon, Ines; Lacroix, Olivier; Wiedmer, Damien

    2014-07-15

    Globally 1.3 billion people do not have access to electricity. If this figure is projected to decline 1 billion by 2030, the global population who relies on the traditional use of biomass for cooking is expected to substantially increase, from 2.6 billion to 2.7 billion people. In its commitment to energy access, ENEA published a synthesis on the current situation and the further development perspectives of energy access worldwide, a crucial issue of human and economic development and an opportunity for the private sector. This synthesis present the ecosystem of the actors involved in the improvement of energy access and the technical solutions that serve the needs of this high-potential market. The five main challenges energy access has to address are presented in this publication: energy prices, equipment financing, distribution, change of scale and environmental performances.

  9. Stock market prices for power trade products at the European Energy Exchange; Boersenpreise fuer Stromhandelsprodukte an der European Energy Exchange

    Energy Technology Data Exchange (ETDEWEB)

    Benner, Klaus-Dieter [Frankfurt Univ. (Germany). Kapitalmarktstrafrecht; Hessisches Ministerium fuer Wirtschaft, Verkehr und Landesentwicklung, Wiesbaden (Germany)

    2009-12-15

    At the (German) European Energy Stock exchange (EEX, Leipzig, Federal Republic of Germany) stock exchange prices are determined in the power trade. These stock exchange prices are recognized as reference prices. Promptly, it was assumed that the stock exchange price for energy products at the EEX would be manipulated and not trustworthy, because its realization is not transparency. The demand for an improvement of transparency was raised both for the price formation at the stock exchange and for the corporation data of the producers. The aim of the criticism generally is referred to the stock exchange, in all. Possible weaknesses in transparency are seen in the range of the power generators. Since the beginning of 2009, a lot of discussion contributions appeared to this topic. From these contributions, the following questions result: (a) What is the meaning of the price which is determined in the trade at the stock exchange?; (b) Does the price fulfil the expectations of a stock exchange price?; (c) Which consequences result from it for the stock exchange regulatory authority?.

  10. Practical operation strategies for pumped hydroelectric energy storage (PHES) utilising electricity price arbitrage

    DEFF Research Database (Denmark)

    Connolly, David; Lund, Henrik; Finn, P.

    2011-01-01

    that almost all (not, vert, similar97%) of the profits can be obtained by a PHES facility when it is optimised using the 24Optimal strategy developed, which optimises the energy storage based on the day-ahead electricity prices. However, to maximise profits with the 24Optimal strategy, the day......In this paper, three practical operation strategies (24Optimal, 24Prognostic, and 24Hsitrocial) are compared to the optimum profit feasible for a PHES facility with a 360 MW pump, 300 MW turbine, and a 2 GWh storage utilising price arbitrage on 13 electricity spot markets. The results indicate......-ahead electricity prices must be the actual prices which the PHES facility is charged or the PHES operator must have very accurate price predictions. Otherwise, the predicted profit could be significantly reduced and even become a loss. Finally, using the 24Optimal strategy, the PHES profit can surpass the annual...

  11. State Approaches to Demand Reduction Induced Price Effects: Examining How Energy Efficiency Can Lower Prices for All

    Energy Technology Data Exchange (ETDEWEB)

    Taylor, Colin [Oak Ridge National Lab. (ORNL), Oak Ridge, TN (United States); Hedman, Bruce [Oak Ridge National Lab. (ORNL), Oak Ridge, TN (United States); Goldberg, Amelie [Oak Ridge National Lab. (ORNL), Oak Ridge, TN (United States)

    2015-12-01

    Effects (DRIPE) as a real, quantifiable benefit of energy efficiency and demand response programs. DRIPE is a measurement of the value of demand reductions in terms of the decrease in wholesale energy prices, resulting in lower total expenditures on electricity or natural gas across a given grid. Crucially for policymakers and consumer advocates, DRIPE savings accrue not only to the subset of customers who consume less, but to all consumers. Rate-paying customers realize DRIPE savings when price reductions across an electricity or natural gas system are passed on to all retail customers as lower rates (depending upon regulation and market structure, residual savings may be wholly or partially retained by utilities). DRIPE savings, though seemingly small in terms of percent price reductions or dollars per household, can amount to hundreds of millions of dollars per year across entire states or grids. Therefore, accurately assessing DRIPE benefits can help to ensure appropriate programs are designed and implemented for energy efficiency measures. This paper reviews the existing knowledge and experience from select U.S. states regarding DRIPE (including New York and Ohio), and the potential for expanded application of the concept of DRIPE by regulators. Policymakers and public utility commissions have a critical role to play in setting the methodology for determining DRIPE, encouraging its capture by utilities, and allocating DRIPE benefits among utilities, various groups of customers, and/or society at large. While the methodologies for estimating DRIPE benefits are still being perfected, policymakers can follow the examples of states such as Maryland and Vermont in including conservative DRIPE estimates in their resource planning.

  12. Interdependencies in the energy-bioenergy-food price systems: A cointegration analysis

    Energy Technology Data Exchange (ETDEWEB)

    Ciaian, Pavel; Kancs, d' Artis [European Commission (DG Joint Research Centre), Catholic University of Leuven (LICOS), and Economics and Econometrics Research Institute (EERI), B-1049 Brussels (Belgium)

    2011-01-15

    The present paper studies the interdependencies between the energy, bioenergy and food prices. We develop a vertically integrated multi-input, multi-output market model with two channels of price transmission: a direct biofuel channel and an indirect input channel. We test the theoretical hypothesis by applying time-series analytical mechanisms to nine major traded agricultural commodity prices, including corn, wheat, rice, sugar, soybeans, cotton, banana, sorghum and tea, along with one weighted average world crude oil price. The data consists of 783 weekly observations extending from January 1994 to December 2008. The empirical findings confirm the theoretical hypothesis that the prices for crude oil and agricultural commodities are interdependent including also commodities not directly used in bioenergy production: an increase in oil price by 1 $/barrel increases the agricultural commodity prices between 0.10 $/tonne and 1.80 $/tonne. Contrary to the theoretical predictions, the indirect input channel of price transmission is found to be small and statistically insignificant. (author)

  13. The inverse relationship between food price and energy density: is it spurious?

    Science.gov (United States)

    Davis, George C; Carlson, Andrea

    2015-04-01

    An important debate in the literature is whether or not higher energy-dense foods are cheaper than less energy-dense foods. The present communication develops and applies an easy statistical test to determine if the relationship between food price and energy density is an artifact of how the data units are constructed (i.e. is it 'spurious' or 'real'?). After matching data on 4430 different foods from the National Health and Nutrition Examination Survey with corresponding prices from the Center for Nutrition Policy and Promotion's Food Prices Database, we use a simple regression model to test if the relationship between food price and energy density is 'real' or 'spurious'. USA. Total sample size is 4430 observations of consumed foods from 4578 participants from the non-institutionalized US adult population (aged 19 years and over). Over all 4430 foods, the null hypothesis of a spurious inverse relationship between food price per energy density and energy density is not rejected. When the analysis is broken down by twenty-five food groups, there are only two cases where the inverse relationship is not spurious. In fact, the majority of non-spurious relationships between food price and energy density are positive, not negative. One of the main arguments put forth regarding the poor diet quality of low-income households is that high energy-dense food is cheaper than lower energy-dense food. We find almost no statistical support for higher energy-dense food being cheaper than low energy-dense food. While economics certainly plays a role in explaining low nutritional quality, more sophisticated economic arguments are required and discussed.

  14. Indirect Load Control for Energy Storage Systems Using Incentive Pricing under Time-of-Use Tariff

    Directory of Open Access Journals (Sweden)

    Mu-Gu Jeong

    2016-07-01

    Full Text Available Indirect load control (ILC is a method by which the customer determines load reduction of electricity by using a price signal. One of the ILCs is a time-of-use (TOU tariff, which is the most commonly used time-varying retail pricing. Under the TOU tariff, the customer can reduce the energy cost through an energy storage system (ESS. However, because this tariff is fixed for several months, the ESS operation does not truly reflect the wholesale market price, which could widely fluctuate. To overcome this limitation, this paper proposes an incentive pricing method in which the load-serving entity (LSE gives the incentive pricing signal to the customers with ESSs. Because the ESS charging schedule is determined by the customer through ILC, a bilevel optimization problem that includes the customer optimization problem is utilized to determine the incentive pricing signal. Further, the bilevel optimization problem is reformulated into a one-level problem to be solved by an interior point method. In the proposed incentive scheme: (1 the social welfare increases and (2 the increased social welfare can be equitably divided between the LSE and the customer; and (3 the proposed incentive scheme leads the customer to voluntarily follow the pricing signal.

  15. A fair price for energy? Ownership versus market opening in the EU15

    Energy Technology Data Exchange (ETDEWEB)

    Fiorio, Carlo V.; Florio, Massimo [Milan Univ. (Italy). Dept. of Economics, Business and Statistics

    2010-07-15

    In the past two decades privatisation and liberalisation of network industries providing services of general economic interest (SGEI), have been particularly significant in the European Union. Wide variations around a common policy trend can, however, be observed across countries and sectors. We focus on electricity and gas sectors because energy sectors have usually been profit makers, not affected by direct government transfers, in contrast to other SGEI. We study the effects of privatisation and other reforms on consumer prices using both subjective data on consumers' perception of utility prices and data on average prices paid. (orig.)

  16. The Value of Renewable Energy as a Hedge Against Fuel Price Risk: Analytic Contributions from Economic and Finance Theory

    Energy Technology Data Exchange (ETDEWEB)

    Bolinger, Mark A; Wiser, Ryan

    2008-09-15

    For better or worse, natural gas has become the fuel of choice for new power plants being built across the United States. According to the Energy Information Administration (EIA), natural gas-fired units account for nearly 90% of the total generating capacity added in the U.S. between 1999 and 2005 (EIA 2006b), bringing the nationwide market share of gas-fired generation to 19%. Looking ahead over the next decade, the EIA expects this trend to continue, increasing the market share of gas-fired generation to 22% by 2015 (EIA 2007a). Though these numbers are specific to the US, natural gas-fired generation is making similar advances in many other countries as well. A large percentage of the total cost of gas-fired generation is attributable to fuel costs--i.e., natural gas prices. For example, at current spot prices of around $7/MMBtu, fuel costs account for more than 75% of the levelized cost of energy from a new combined cycle gas turbine, and more than 90% of its operating costs (EIA 2007a). Furthermore, given that gas-fired plants are often the marginal supply units that set the market-clearing price for all generators in a competitive wholesale market, there is a direct link between natural gas prices and wholesale electricity prices. In this light, the dramatic increase in natural gas prices since the 1990s should be a cause for ratepayer concern. Figure 1 shows the daily price history of the 'first-nearby' (i.e., closest to expiration) NYMEX natural gas futures contract (black line) at Henry Hub, along with the futures strip (i.e., the full series of futures contracts) from August 22, 2007 (red line). First, nearby prices, which closely track spot prices, have recently been trading within a $7-9/MMBtu range in the United States and, as shown by the futures strip, are expected to remain there through 2012. These price levels are $6/MMBtu higher than the $1-3/MMBtu range seen throughout most of the 1990s, demonstrating significant price escalation for

  17. The Value of Renewable Energy as a Hedge Against Fuel Price Risk: Analytic Contributions from Economic and Finance Theory

    Energy Technology Data Exchange (ETDEWEB)

    Bolinger, Mark A; Wiser, Ryan

    2008-09-15

    For better or worse, natural gas has become the fuel of choice for new power plants being built across the United States. According to the Energy Information Administration (EIA), natural gas-fired units account for nearly 90% of the total generating capacity added in the U.S. between 1999 and 2005 (EIA 2006b), bringing the nationwide market share of gas-fired generation to 19%. Looking ahead over the next decade, the EIA expects this trend to continue, increasing the market share of gas-fired generation to 22% by 2015 (EIA 2007a). Though these numbers are specific to the US, natural gas-fired generation is making similar advances in many other countries as well. A large percentage of the total cost of gas-fired generation is attributable to fuel costs--i.e., natural gas prices. For example, at current spot prices of around $7/MMBtu, fuel costs account for more than 75% of the levelized cost of energy from a new combined cycle gas turbine, and more than 90% of its operating costs (EIA 2007a). Furthermore, given that gas-fired plants are often the marginal supply units that set the market-clearing price for all generators in a competitive wholesale market, there is a direct link between natural gas prices and wholesale electricity prices. In this light, the dramatic increase in natural gas prices since the 1990s should be a cause for ratepayer concern. Figure 1 shows the daily price history of the 'first-nearby' (i.e., closest to expiration) NYMEX natural gas futures contract (black line) at Henry Hub, along with the futures strip (i.e., the full series of futures contracts) from August 22, 2007 (red line). First, nearby prices, which closely track spot prices, have recently been trading within a $7-9/MMBtu range in the United States and, as shown by the futures strip, are expected to remain there through 2012. These price levels are $6/MMBtu higher than the $1-3/MMBtu range seen throughout most of the 1990s, demonstrating significant price escalation for

  18. Current status of geothermal energy in Italy

    Energy Technology Data Exchange (ETDEWEB)

    Carella, R.

    Italy has been one of the first countries to develop applications or its geothermal energy resources. As a resource it is both abundant and available in the high temperature range. A world premiere was the electricity production in Tuscany (Western Italy) output 56 which at present is 3200 GWh/y from 624 MW of operating capacity. In the low-enthalpy field Italy has enjoyed widespread development of spas, both for therapeutic and heating purposes. The latter's output has now attained presently 127,000 TOE/y. District and other residential heating amount to about 37,000 TOE/y and include two recent very significant projects in the Po Valley (Ferrara and Vicenza). Some large-size greenhouse complexes are heated by geothermal fluids (M. Amiata in Tuscany and Pantani in Latium) as well as fish farms on the Tyrrhenian coast. Agricultural applications account for 19,000 TOE/y. While the outlook is bright for electricity production which is due to increase substantially in the next decade, the short-term future is uncertain for low enthalpy resources, especially in view of low energy prices. Given the abundance of the resources and their environmental benefits, longer term prospects should be good, particularly if energy prices firm up. 1 fig.

  19. Influence of Price and Labeling on Energy Drink Purchasing in an Experimental Convenience Store.

    Science.gov (United States)

    Temple, Jennifer L; Ziegler, Amanda M; Epstein, Leonard H

    2016-01-01

    To examine the impact of energy drink (ED) pricing and labeling on the purchase of EDs. Participants visited a laboratory-based convenience store 3 times and purchased a beverage under different ED labeling (none, caffeine content, and warning labels) and pricing conditions. The 36 participants (aged 15-30 years) were classified as energy drink consumers (≥ 2 energy drinks/wk) and nonconsumers (energy drink/mo). Data were log transformed to generate elasticity coefficients. The authors analyzed changes in elasticity as a function of price and labeling using mixed-effects regression models. Increasing the price of EDs reduced ED purchases and increased purchasing of other caffeinated beverages among ED consumers. Energy drink labels affected ED sales in adolescents. These data suggest that ED pricing and labeling may influence the purchasing of ED, especially in adolescent consumers. Copyright © 2016 Society for Nutrition Education and Behavior. Published by Elsevier Inc. All rights reserved.

  20. World oil prices: prospects and implications for energy policy-making in Latin America's oil-deficit countries

    Energy Technology Data Exchange (ETDEWEB)

    Mullen, J.W.

    1978-01-01

    This study considers two broad topics: future prices for world crude oil and energy policy in Latin American oil-deficit countries. Chapter 1 identifies and explains the pattern of world crude oil prices in the post-war era and it considers the relative importance of three factors in explaining changes in world crude oil prices during this period: the pressure of increasing demand on the supply cost of world crude oil, the organization of the world oil industry, and energy policies in the industrialized, oil-deficit countries. Chapter 2 provides an analysis of the structure of today's world crude oil market from the point of view of price formation. Chapter 3 discusses the current pattern of energy policies in the industrialized, oil-importing countries, again, with emphasis on price formation. Chapter 4 focuses on the price forecast. Chapter 5 deals with the range of options open to policy-makers in Latin America's oil deficit countries as they confront the expected price of world crude oil. (JMT)

  1. Current situation of wind energy in the world and Turkey

    Energy Technology Data Exchange (ETDEWEB)

    Alper Kaplan, Yusuf; San, Ismail [Department of Electrical and Electronics Engineering, Anadolu University (Turkey)], email: yakaplan@anadolu.edu.tr, email: isan@anadolu.edu.tr

    2011-07-01

    This paper gives an overview of the current situation of wind power in Turkey and in the world by evaluating installed wind power using current data. It also looks at the political conditions of Turkey in relation to the current installed wind energy power in Turkey compared with that of certain developed countries. The problems encountered are also illustrated as a basis for proposing solutions. Turkey's wind energy potential is 48,000 MW but installed wind power was only 1,329 MW as of 2011. Wind energy is at present one of the most cost-competitive renewable energy technologies in the world when technical, geographical and social issues are taken into consideration. Economic sources should be researched. The development of current potential and the market entry of renewable energy resources requires a legal and regulatory framework that support suitable mechanisms. Local support is recommended together with tax exemptions. Long-term fixed-price guarantees should also be considered by government.

  2. A Simple Operating Strategy of Small-Scale Battery Energy Storages for Energy Arbitrage under Dynamic Pricing Tariffs

    Directory of Open Access Journals (Sweden)

    Enrico Telaretti

    2015-12-01

    Full Text Available Price arbitrage involves taking advantage of an electricity price difference, storing electricity during low-prices times, and selling it back to the grid during high-prices periods. This strategy can be exploited by customers in presence of dynamic pricing schemes, such as hourly electricity prices, where the customer electricity cost may vary at any hour of day, and power consumption can be managed in a more flexible and economical manner, taking advantage of the price differential. Instead of modifying their energy consumption, customers can install storage systems to reduce their electricity bill, shifting the energy consumption from on-peak to off-peak hours. This paper develops a detailed storage model linking together technical, economic and electricity market parameters. The proposed operating strategy aims to maximize the profit of the storage owner (electricity customer under simplifying assumptions, by determining the optimal charge/discharge schedule. The model can be applied to several kinds of storages, although the simulations refer to three kinds of batteries: lead-acid, lithium-ion (Li-ion and sodium-sulfur (NaS batteries. Unlike literature reviews, often requiring an estimate of the end-user load profile, the proposed operation strategy is able to properly identify the battery-charging schedule, relying only on the hourly price profile, regardless of the specific facility’s consumption, thanks to some simplifying assumptions in the sizing and the operation of the battery. This could be particularly useful when the customer load profile cannot be scheduled with sufficient reliability, because of the uncertainty inherent in load forecasting. The motivation behind this research is that storage devices can help to lower the average electricity prices, increasing flexibility and fostering the integration of renewable sources into the power system.

  3. The Impact of Energy Price Decline on China's Energy-Economy-Environment System Variables Using a CGE Model

    DEFF Research Database (Denmark)

    Guo, Zhengquan; Wang, Daojuan; Chen, Chong

    , crude oil and total energy, including the related downstream energy products. Demand for natural gas, thermal power and clean power will decline. CO2 emissions and the carbon emission intensity per unit of GDP will remarkably increase, and the need for energy-saving and emissions-reduction will be even...... of the coal price or of the coal and crude oil prices will lead to different degrees of impact on nominal and real macroeconomic variables. However, the real GDP will increase by a certain degree due to the decline of production costs....

  4. On the importance of commodity and energy price shocks for the macroeconomy

    Science.gov (United States)

    Edelstein, Paul S.

    Although higher commodity prices are commonly thought to presage higher rates of inflation, the existing literature suggests that the predictive power of commodity prices for inflation has waned since the 1980s. In the first chapter, I show that this result can be overturned using state-of-the-art forecast combination methods. Moreover, commodity prices are shown to contain predictive information not contained in the leading principal components of a broad set of macroeconomic and financial variables. These improved inflation forecasts are of little value, however, for predicting actual Fed policy decisions. The remaining two chapters study the effect of energy price shocks on U.S. consumer and business expenditures. In the second chapter, I show that there is no statistical support for the presence of asymmetries in the response of real consumption to energy price increases and decreases. This finding has important implications for empirical and theoretical models of the transmission of energy price shocks. I then quantify the direct effect on real consumption of (1) unanticipated changes in discretionary income, (2) shifts in precautionary savings, and (3) changes in the operating cost of energy-using durables. Finally, I trace the declining importance of energy price shocks relative to the 1970s to changes in the composition of U.S. automobile production and the declining overall importance of the U.S. automobile sector. An alternative source of asymmetry is the response of nonresidential fixed investment to energy price shocks. In the third chapter, I show that the apparent asymmetry in the estimated responses of business fixed investment in equipment and structures is largely an artifact (1) of the aggregation of mining-related expenditures by the oil, natural gas, and coal mining industry and all other expenditures, and (2) of ignoring an exogenous shift in investment caused by the 1986 Tax Reform Act. Once symmetry is imposed and miningrelated expenditures

  5. Green initiative impact on stock prices: A quantitative study of the clean energy industry

    Science.gov (United States)

    Jurisich, John M.

    The purpose of this quantitative ex post facto research study was to explore the relationship between green initiative expense disclosures and stock prices of 46 NASDAQ listed Clean Edge Green Energy global companies from 2007 to 2010. The independent variables were sales and marketing, environmental, customer and supplier, community, and corporate governance practices that were correlated with the dependent variable in the study of stock prices. Expense disclosures were examined in an effort to measure the impact of green initiative programs and to expose the interrelationships between green initiative expense disclosures and fluctuations of stock prices. The data for the research was secondary data from existing annual reports. A statistically significant relationship was revealed between environmental practices and changes in stock prices. The study results also provided substantial evidence for leadership and managerial decision making to reduce or increase green initiative practices to maximize shareholder wealth of their respective organizations.

  6. Energy suppliers as service providers - from scapegoat to problem solver. Electricity procurement at competitive prices; Der Energieversorger als Dienstleister: vom Suendenbock zum Problemloeser. Strombeschaffung zu wettbewerbsfaehigen Konditionen

    Energy Technology Data Exchange (ETDEWEB)

    Ruppel, H. [Ovag Energie AG, Friedberg (Germany); Lerch, F. [Carl Kliem Energy GmbH, Kelkheim (Germany)

    2008-10-06

    It is important to master the current challenges in energy and cost management together with the customer. Prices have increased, as has volatility. Not even small enterprises can escape the necessity of thinking about suitable strategies. In this situation modern energy suppliers with their portfolio of services can present themselves as a partner and lay the foundation for a long-term cooperation. This will go far beyond merely debating about prices. Thus energy suppliers can rid themselves of their scapegoat image and present themselves as what they are: problem solvers.

  7. Regional Differences in the Price-Elasticity of Demand for Energy

    Energy Technology Data Exchange (ETDEWEB)

    Bernstein, M. A.; Griffin, J.

    2006-02-01

    At the request of the National Renewable Energy Laboratory (NREL), the RAND Corporation examined the relationship between energy demand and energy prices with the focus on whether the relationships between demand and price differ if these are examined at different levels of data resolution. In this case, RAND compares national, regional, state, and electric utility levels of data resolution. This study is intended as a first step in helping NREL understand the impact that spatial disaggregation of data can have on estimating the impacts of their programs. This report should be useful to analysts in NREL and other national laboratories, as well as to policy nationals at the national level. It may help them understand the complex relationships between demand and price and how these might vary across different locations in the United States.

  8. The impact of forecasted energy price increases on low-income consumers

    Energy Technology Data Exchange (ETDEWEB)

    Eisenberg, Joel F. [Oak Ridge National Lab. (ORNL), Oak Ridge, TN (United States)

    2005-10-31

    The Department of Energy’s Energy Information Administration (EIA) recently released its short term forecast for residential energy prices for the winter of 2005-2006. The forecast indicates significant increases in fuel costs, particularly for natural gas, propane, and home heating oil, for the year ahead. In the following analysis, the Oak Ridge National Laboratory has integrated the EIA price projections with the Residential Energy Consumption Survey (RECS) for 2001 in order to project the impact of these price increases on the nation’s low-income households by primary heating fuel type, nationally and by Census Region. The statistics are intended for the use of policymakers in the Department of Energy’s Weatherization Assistance Program and elsewhere who are trying to gauge the nature and severity of the problems that will be faced by eligible low-income households during the 2006 fiscal year.

  9. Harnessing Ocean Energy by Tidal Current Technologies

    Directory of Open Access Journals (Sweden)

    Nasir Mehmood

    2012-09-01

    Full Text Available The world is heavily dependent on fossil fuels since most of its energy requirements are fulfilled by conventional methods of burning these fuels. The energy demand is increasing by day with growing population. The energy production by fossil fuels is devastating the environment and survival of life on globe is endangered. The renewal energy technologies are vital to ensure future energy sustenance and environmental issues. Ocean is a vast resource of renewable energy. The technology today makes it possible to extract energy from tides. The growing interest in exploring tidal current technologies has compelling reasons such as security and diversity of supply, intermittent but predictable and limited social and environmental impacts. The purpose of this study is to present a comprehensive review of tidal current technologies to harness ocean energy. The ocean energy resources are presented. The author discusses tidal energy technologies. The tidal current turbines are discussed in detail. The author reviews today’s popular tidal current technologies. The present status of ocean energy development is also reported.

  10. Peak-load pricing and thermal energy storage

    Energy Technology Data Exchange (ETDEWEB)

    1979-01-01

    Twenty papers were presented at the meeting. A separate abstract was prepared for each of 19 papers. One paper was processed previously for the Energy Data Base (EDB). Fifteen of the papers were processed for inclusion in Energy Abstracts for Policy Analysis (EAPA). (LCL)

  11. Two tier pricing system recommendation and summary

    Energy Technology Data Exchange (ETDEWEB)

    None

    1974-06-01

    In both the U.S. and the world today the most critical price system problem is the spectacular crude price set by the OPEC monopoly. In the U.S. this $10.00 plus price currently sets the price of 60% of our crude petroleum input. Therefore, the most powerful method available to reduce U.S. crude input price inflation is to reduce the OPEC monopoly price by at least $2 or 20%. At this price, it would supposedly approximate the long run cost of such energy. The situation is reviewed and recommendations and a summary are provided.

  12. Uncertain long-run emissions targets, CO{sub 2} price and global energy transition. A general equilibrium approach

    Energy Technology Data Exchange (ETDEWEB)

    Durand-Lasserve, Olivier; Smeers, Yves [Universite Catholique de Louvain (UCL), CORE, Voie du Roman Pays 34, B-1348 Louvain-la-Neuve (Belgium); Pierru, Axel [IFP, Economics Department, 232 Avenue Napoleon Bonaparte, 92852 Rueil-Malmaison (France)

    2010-09-15

    The persistent uncertainty about mid-century CO{sub 2} emissions targets is likely to affect not only the technological choices that energy-producing firms will make in the future but also their current investment decisions. We illustrate this effect on CO{sub 2} price and global energy transition within a MERGE-type general-equilibrium model framework, by considering simple stochastic CO{sub 2} policy scenarios. In these scenarios, economic agents know that credible long-run CO{sub 2} emissions targets will be set in 2020, with two possible outcomes: either a hard cap or a soft cap. Each scenario is characterized by the relative probabilities of both possible caps. We derive consistent stochastic trajectories - with two branches after 2020 - for prices and quantities of energy commodities and CO{sub 2} emissions permits. The impact of uncertain long-run CO{sub 2} emissions targets on prices and technological trajectories is discussed. In addition, a simple marginal approach allows us to analyze the Hotelling rule with risk premia observed for certain scenarios. (author)

  13. Uncertain long-run emissions targets, CO{sub 2} price and global energy transition: A general equilibrium approach

    Energy Technology Data Exchange (ETDEWEB)

    Durand-Lasserve, Olivier, E-mail: olivier.durand@uclouvain.b [Universite Catholique de Louvain (UCL), CORE, Voie du Roman Pays 34, B-1348 Louvain-la-Neuve (Belgium); Pierru, Axel, E-mail: axel.pierru@ifp.f [IFP, Economics Department, 232 Avenue Napoleon Bonaparte, 92852 Rueil-Malmaison (France); Smeers, Yves, E-mail: yves.smeers@uclouvain.ac.b [Universite Catholique de Louvain (UCL), CORE, Voie du Roman Pays 34, B-1348 Louvain-la-Neuve (Belgium)

    2010-09-15

    The persistent uncertainty about mid-century CO{sub 2} emissions targets is likely to affect not only the technological choices that energy-producing firms will make in the future but also their current investment decisions. We illustrate this effect on CO{sub 2} price and global energy transition within a MERGE-type general-equilibrium model framework, by considering simple stochastic CO{sub 2} policy scenarios. In these scenarios, economic agents know that credible long-run CO{sub 2} emissions targets will be set in 2020, with two possible outcomes: either a 'hard cap' or a 'soft cap'. Each scenario is characterized by the relative probabilities of both possible caps. We derive consistent stochastic trajectories-with two branches after 2020-for prices and quantities of energy commodities and CO{sub 2} emissions permits. The impact of uncertain long-run CO{sub 2} emissions targets on prices and technological trajectories is discussed. In addition, a simple marginal approach allows us to analyze the Hotelling rule with risk premia observed for certain scenarios.

  14. The price of protein: combining evolutionary and economic analysis to understand excessive energy consumption.

    Science.gov (United States)

    Brooks, R C; Simpson, S J; Raubenheimer, D

    2010-12-01

    Excessive weight gain appears, thermodynamically at least, straightforward: growing energy intake and/or falling energy expenditure create an energetic surplus, resulting in fat accumulation. The situation is, however, far more complex, with genetic, physiological, social, psychological and economic factors all implicated. Thus the causes of excessive weight gain remain difficult to disentangle. We combine two recent developments from different areas of nutrition research: the study of food prices in relation to energy content and the hypothesis that an evolved propensity to regulate protein intake more strongly than non-protein calories exerts powerful leverage on overall energy intake. We partition the energy content of a range of common supermarket foods, and show that increasing overall energy content only modestly raises the cost of foods, largely as a result of macronutrients having very different costs. Higher food prices are associated with higher protein content and lower carbohydrate content, whereas fat content was not significantly associated with food price. We show that the differential costs of energy from protein and carbohydrates may bias consumers towards diets high in carbohydrate energy, leading them to consume excessive energy to meet their dietary protein needs. We review evidence from physiology, evolution and economics that support our suggestion. © 2010 The Authors. obesity reviews © 2010 International Association for the Study of Obesity.

  15. Information and Communications Systems for Control-by-Price of Distributed Energy Resources and Flexible Demand

    DEFF Research Database (Denmark)

    Nyeng, Preben; Østergaard, Jacob

    2011-01-01

    The control-by-price concept fits well with controlling small-scale generation, storage and demand. In this paper, we investigate the required information and communications systems that are needed to realize the control-by-price concept for such units. We first present a proposal for overall...... distributed energy resources and flexible demand as a regulating resource. Furthermore, the results illustrate and verify the applicability of the concept and the proposed infrastructure for controlling distributed energy resources and flexible demand....... infrastructure and subsystem design and secondly focus on the design and implementation of the end-user price-responsive controller, interfaces, and communications. The design and its applicability on existing devices is verified through laboratory tests with two cases: electric space heating thermostat control...

  16. Supply-side effects of strong energy price hikes in German industry and transportation

    Energy Technology Data Exchange (ETDEWEB)

    Knetsch, Thomas A.; Molzahn, Alexander

    2009-07-01

    The paper studies the short-term effects of energy price hikes on the supply of industrial goods and transport services including the repercussions on remuneration of input factors. While industry had suffered more strongly from the oil price shock of the late 1970s compared with the one of the early 1970s and the 2004-08 upsurge, evidence is reverse for transportation. Regarding the impact on the income distribution, both sectors share the pattern that in the recent episode rising energy costs were more than compensated by falling unit labor costs while in the 1970s cost structures had been strained by expansive wage policy in addition to the oil price shocks. (orig.)

  17. Advances in electric power and energy systems load and price forecasting

    CERN Document Server

    2017-01-01

    A comprehensive review of state-of-the-art approaches to power systems forecasting from the most respected names in the field, internationally. Advances in Electric Power and Energy Systems is the first book devoted exclusively to a subject of increasing urgency to power systems planning and operations. Written for practicing engineers, researchers, and post-grads concerned with power systems planning and forecasting, this book brings together contributions from many of the world’s foremost names in the field who address a range of critical issues, from forecasting power system load to power system pricing to post-storm service restoration times, river flow forecasting, and more. In a time of ever-increasing energy demands, mounting concerns over the environmental impacts of power generation, and the emergence of new, smart-grid technologies, electricity price forecasting has assumed a prominent role within both the academic and industrial ar nas. Short-run forecasting of electricity prices has become nece...

  18. Wind energy's significance to the price of power in Denmark; Vindkraftens betydning for elprisen i Danmark

    Energy Technology Data Exchange (ETDEWEB)

    Oestergaard, P.A. [Aalborg Univ. (Denmark); Morthorst, P.E. [Forskningscenter Risoe (Denmark); Moesgaard, R. [Vindmoelleindustrien (Denmark); Enevoldsen, S.W. [IBT-Wind (Denmark)

    2006-12-15

    One of the best indicators of whether it will be windier tomorrow than it is today is to take a look at the system price. If tomorrow's price is lower, it will most likely be windier tomorrow. The fact is that wind energy presses the system price down. The lower market prices benefit consumers. The question is what this saving amounts to. This report asks the question 'What would the power price be if the wind didn't blow?' In general the authors have used historic data. Power consumption has been categorized, and the power price during periods with no wind has been compared to the power price under the influence of wind energy. (BA)

  19. Oil demand and price elasticity of energy consumption in the GCC countries: A panel cointegration analysis

    Directory of Open Access Journals (Sweden)

    Md Qaiser Alam

    2016-07-01

    Full Text Available This paper examines the cointegrating relationship between oil demand and price elasticity of energy consumption in the Gulf Co-operation Council (GCC countries during the period 1980-2010. The paper has applied the recently developed panel cointegration techniques, Dynamic Ordinary Least Squares (DOLS and panel DOLS in a panel of GCC countries. The region is being recognized as the major region of oil production and export in the global economy. In recent times, the region is emerging as a fastest growing oil consuming region globally. This fast increase in the level of oil consumption in the major oil exporting countries raises the energy security implications in the sphere of the growing oil demand in the world economy. This is likely to bring many pitfalls in the form of price distortions and reduced growth rates in and outside the oil export region. The empirical finding reveals a cointegrating relationship among the variables and indicates an income elastic and price inelastic demand for oil in the long-run in the GCC countries. The outcomes of income elastic and price inelastic demand for oil are also consistent in the short-run. The income and price inelastic demand for oil though exists for a full panel of countries but vary across the GCC countries. The result of the Granger Causality test also depicts a unidirectional causality running from income to oil consumption and bidirectional causality running between oil prices and income in the GCC countries. Moreover, the outcomes reveal that demand for oil varies positively with the growth of income and negatively with the price level in the economy.

  20. Nuclear energy consumption, oil prices, and economic growth: Evidence from highly industrialized countries

    Energy Technology Data Exchange (ETDEWEB)

    Lee, Chien-Chiang, E-mail: cclee@cm.nsysu.edu.tw; Chiu, Yi-Bin

    2011-03-15

    This study utilizes the Johansen cointegration technique, the Granger non-causality test of Toda and Yamamoto (1995), the generalized impulse response function, and the generalized forecast error variance decomposition to examine the dynamic interrelationship among nuclear energy consumption, real oil price, oil consumption, and real income in six highly industrialized countries for the period 1965-2008. Our empirical results indicate that the relationships between nuclear energy consumption and oil are as substitutes in the U.S. and Canada, while they are complementary in France, Japan, and the U.K. Second, the long-run income elasticity of nuclear energy is larger than one, indicating that nuclear energy is a luxury good. Third, the results of the Granger causality test find evidence of unidirectional causality running from real income to nuclear energy consumption in Japan. A bidirectional relationship appears in Canada, Germany and the U.K., while no causality exists in France and the U.S. We also find evidence of causality running from real oil price to nuclear energy consumption, except for the U.S., and causality running from oil consumption to nuclear energy consumption in Canada, Japan, and the U.K., suggesting that changes in price and consumption of oil influence nuclear energy consumption. Finally, the results observe transitory initial impacts of innovations in real income and oil consumption on nuclear energy consumption. In the long run the impact of real oil price is relatively larger compared with that of real income on nuclear energy consumption in Canada, Germany, Japan, and the U.S.

  1. Assessment and Decomposition of Total Factor Energy Efficiency: An Evidence Based on Energy Shadow Price in China

    Directory of Open Access Journals (Sweden)

    Peihao Lai

    2016-04-01

    Full Text Available By adopting an energy-input based directional distance function, we calculated the shadow price of four types of energy (i.e., coal, oil, gas and electricity among 30 areas in China from 1998 to 2012. Moreover, a macro-energy efficiency index in China was estimated and divided into intra-provincial technical efficiency, allocation efficiency of energy input structure and inter-provincial energy allocation efficiency. It shows that total energy efficiency has decreased in recent years, where intra-provincial energy technical efficiency drops markedly and extensive mode of energy consumption rises. However, energy structure and allocation improves slowly. Meanwhile, lacking an integrated energy market leads to the loss of energy efficiency. Further improvement of market allocation and structure adjustment play a pivotal role in the increase of energy efficiency.

  2. Renewable Energy for Electric Vehicles: Price Based Charging Coordination

    NARCIS (Netherlands)

    Richstein, J.C.; Schuller, A.; Dinther, C.; Ketter, W.; Weinhardt, C.

    2012-01-01

    In this paper we investigate the charging coordination of battery electric vehicles (BEV) with respect to the availability of intermittent renewable energy generation considering individual real world driving profiles in a deterministic simulation based analysis, mapping a part of the German power

  3. Renewable Energy for Electric Vehicles: Price Based Charging Coordination

    NARCIS (Netherlands)

    Richstein, J.C.; Schuller, A.; Dinther, C.; Ketter, W.; Weinhardt, C.

    2012-01-01

    In this paper we investigate the charging coordination of battery electric vehicles (BEV) with respect to the availability of intermittent renewable energy generation considering individual real world driving profiles in a deterministic simulation based analysis, mapping a part of the German power s

  4. Energy and Food Commodity Prices Linkage: An Examination with Mixed-Frequency Data

    NARCIS (Netherlands)

    Trujillo Barrera, A.A.; Pennings, J.M.E.

    2013-01-01

    Abstract Is the relationship between energy and agricultural commodities an important factor in the increasing price variability of food commodities? Findings from the literature appear to be mixed and highly influenced by the data frequency used in those analysis. A recurrent task in time series

  5. Energy and Food Commodity Prices Linkage: An Examination with Mixed-Frequency Data

    NARCIS (Netherlands)

    Trujillo Barrera, A.A.; Pennings, J.M.E.

    2013-01-01

    Abstract Is the relationship between energy and agricultural commodities an important factor in the increasing price variability of food commodities? Findings from the literature appear to be mixed and highly influenced by the data frequency used in those analysis. A recurrent task in time series ap

  6. Energy Aware Pricing in a Three-Tiered Cloud Service Market

    Directory of Open Access Journals (Sweden)

    Debdeep Paul

    2016-09-01

    Full Text Available We consider a three-tiered cloud service market and propose an energy efficient pricing strategy in this market. Here, the end customers are served by the Software-as-a-Service (SaaS providers, who implement customized services for their customers. To host these services, these SaaS providers, in turn, lease the infrastructure related resources from the Infrastructure-as-a-Service (IaaS or Platform-as-a-Service (PaaS providers. In this paper, we propose and evaluate a mechanism for pricing between SaaS providers and Iaas/PaaS providers and between SaaS providers and the end customers. The pricing scheme is designed in a way such that the integration of renewable energy is promoted, which is a very crucial aspect of energy efficiency. Thereafter, we propose a technique to strategically provide an improved Quality of Service (QoS by deploying more resources than what is computed by the optimization procedure. This technique is based on the square root staffing law in queueing theory. We carry out numerical evaluations with real data traces on electricity price, renewable energy generation, workload, etc., in order to emulate the real dynamics of the cloud service market. We demonstrate that, under practical assumptions, the proposed technique can generate more profit for the service providers operating in the cloud service market.

  7. The impact of renewable energy on electricity prices in the Netherlands

    NARCIS (Netherlands)

    Mulder, Machiel; Scholtens, Bert

    2013-01-01

    Electricity markets may become more sensitive to weather conditions because of a higher penetration of renewable energy sources and climatic changes. We investigate whether weather conditions had a growing influence on the average daily day-ahead price in the Dutch electricity market in the period 2

  8. Volatility Spillovers for Spot, Futures, and ETF Prices in Energy and Agriculture

    NARCIS (Netherlands)

    C-L. Chang (Chia-Lin); C-P. Liu (Chia-Ping); M.J. McAleer (Michael)

    2016-01-01

    textabstractThe agricultural and energy industries are closely related, both biologically and financially. The paper discusses the relationship and the interactions on price and volatility, with special focus on the covolatility spillover effects for these two industries. The interaction and covolat

  9. Energy from streaming current and potential

    NARCIS (Netherlands)

    Olthuis, Wouter; Schippers, Bob; Eijkel, Jan C.T.; van den Berg, Albert

    2005-01-01

    It is investigated how much energy can be delivered by a streaming current source. A streaming current and subsequent streaming potential originate when double layer charge is transported by hydrodynamic flow. Theory and a network model of such a source is presented and initial experimental results

  10. 17 CFR 270.2a-4 - Definition of “current net asset value” for use in computing periodically the current price of...

    Science.gov (United States)

    2010-04-01

    ... 17 Commodity and Securities Exchanges 3 2010-04-01 2010-04-01 false Definition of âcurrent net asset valueâ for use in computing periodically the current price of redeemable security. 270.2a-4... AND REGULATIONS, INVESTMENT COMPANY ACT OF 1940 § 270.2a-4 Definition of “current net asset value” for...

  11. Sustainable Development and the Relative Prices of Fossil and Non-fossil Energy

    DEFF Research Database (Denmark)

    Larsen, Torben

    2007-01-01

    direction of the market forces relevant to a sustainable supply of physical energy for a globalized HiTec-culture taking into account the redoubling of the price of crude oil during the last years.      Changes in the supply pattern of physical energy is supposed to be ruled by the relative unit costs...... of production in new (marginal) plants for substituting sources of energy, primarily.      A review of the production price per kWh of electricity according to statistics from OECD/IEA where substitution relationships between fossil and non-fossil energy are multiple gives the following results: (1) Sun...... are expected to rise while the price of wind energy is expected to continue a trend of moderate decline due to economies of scale. In all, renewables as wind energy are becoming more and more competitive relative to fossil energy in the production of electricity and may approach a level of 50%. However...

  12. Rise of oil prices and energy policy; Hausse du petrole et politique energetique

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    2005-07-01

    This document reprints the talk of the press conference given by D. de Villepin, French prime minister, on August 16, 2005 about the alarming rise of oil prices. In his talk, the prime minister explains the reasons of the crisis (increase of worldwide consumption, political tensions in the Middle East..) and presents the strategy and main trends of the French energy policy: re-launching of energy investments in petroleum refining capacities and in the nuclear domain (new generation of power plants), development of renewable energy sources and in particular biofuels, re-launching of the energy saving policy thanks to financial incentives and to the development of clean vehicles and mass transportation systems. In a second part, the prime minister presents his policy of retro-cession of petroleum tax profits to low income workers, and of charge abatement to professionals having an occupation strongly penalized by the rise of oil prices (truckers, farmers, fishermen, taxi drivers). (J.S.)

  13. Residential Photovoltaic Energy Systems in California: The Effect on Home Sales Prices

    Energy Technology Data Exchange (ETDEWEB)

    Hoen, Ben; Wiser, Ryan; Thayer, Mark; Cappers, Peter

    2012-04-15

    Relatively little research exists estimating the marginal impacts of photovoltaic (PV) energy systems on home sale prices. Using a large dataset of California homes that sold from 2000 through mid-2009, we find strong evidence, despite a variety of robustness checks, that existing homes with PV systems sold for a premium over comparable homes without PV systems, implying a near full return on investment. Premiums for new homes are found to be considerably lower than those for existing homes, implying, potentially, a tradeoff between price and sales velocity. The results have significant implications for homeowners, builders, appraisers, lenders, and policymakers.

  14. Energy sector in Ecuador: Current status

    Energy Technology Data Exchange (ETDEWEB)

    Pelaez-Samaniego, M.R. [University of Cuenca (Ecuador). Faculty of Chemical Sciences; Energy Systems Planning, FEM, UNICAMP (Brazil); Garcia-Perez, M. [Monash University, Melbourne (Australia); Cortez, L.A.B. [Energy Systems Planning, FEM, UNICAMP (Brazil); Oscullo, J. [National Center for Energy Control - CENACE (Ecuador); Olmedo, G. [Polytechnic School of the Army - ESPE (Ecuador)

    2007-08-15

    This paper describes the current energy sector in Ecuador, its present structure, the oil industry, subsidies, and renewable energy, focusing on the evolution and reform of the electricity sector. Currently, 86% of the primary energy originates from nonrenewable sources. In 2005, the gross electricity generation was 15 127 GWh (45.5% hydropower, 43.11% thermal, and 11.39% imported). Ecuador is the fifth largest oil producer in South America but lacks sufficient oil refining capacity. Reserves of natural gas (NG) are small, and most of NG is produced from oil fields without energy recovery. Several projects are underway to increase the utilization of NG and renewable energies to meet Ecuador commitments to the Kyoto Protocol. (author)

  15. Bavarian owner-price town renewal 2009. Energy efficient renewal; Bayerischer Bauherrenpreis Stadterneuerung 2009. Energieeffiziente Erneuerung

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    2009-07-15

    The Bavarian owner price 2009 stands under the slogan 'energy-efficient renewal'. The competition was addressed to private and local owners, to investors as well as to building societies which perform outstanding contributions for sustainability, energy efficiency and building culture with the energetic redevelopment of their buildings. The brochure under consideration presents excellent contributions to a broad publicity. Its model character is emphasized.

  16. Considerations for Solar Energy Technologies to Make Progress Towards Grid Price Parity

    Energy Technology Data Exchange (ETDEWEB)

    Woodhouse, Michael; Fu, Ran; Chung, Donald; Horowitz, Kelsey; Remo, Timothy; Feldman, David; Margolis, Robert

    2015-11-07

    In this seminar the component costs for solar photovoltaics module and system prices will be highlighted. As a basis for comparison to other renewable and traditional energy options, the metric of focus will be total lifecycle cost-of-energy (LCOE). Several innovations to traditional photovoltaics technologies (including crystalline silicon, CdTe, and CIGS) and developing technologies (including organics and perovskites) that may close the gaps in LCOE will be discussed.

  17. Fuel conservation under rational expectations of the energy price evolution

    Energy Technology Data Exchange (ETDEWEB)

    Wirl, F.

    1986-06-01

    It is supposed, that a consumer demands a 'service' rather than a commodity. This service can be generated from a durable and non-durable good, e.g., 'thermal comfort' is the product of two at least partially substitutable factors: fuel and capital (insulation, heating system). Now, the choice of an efficient fuel conservation programme requires that the consumers integrate the counteractions of the energy producers. This leads formally to a (differential) game situation, where it will be shown that the expansion of capital stock based on a myopic analysis may lead to a too large investment in fuel conservation.

  18. Three essays on agricultural price volatility and the linkages between agricultural and energy markets

    Science.gov (United States)

    Wu, Feng

    This dissertation contains three essays. In the first essay I use a volatility spillover model to find evidence of significant spillovers from crude oil prices to corn cash and futures prices, and that these spillover effects are time-varying. Results reveal that corn markets have become much more connected to crude oil markets after the introduction of the Energy Policy Act of 2005. Furthermore, crude oil prices transmit positive volatility spillovers into corn prices and movements in corn prices become more energy-driven as the ethanol gasoline consumption ratio increases. Based on this strong volatility link between crude oil and corn prices, a new cross hedging strategy for managing corn price risk using oil futures is examined and its performance studied. Results show that this cross hedging strategy provides only slightly better hedging performance compared to traditional hedging in corn futures markets alone. The implication is that hedging corn price risk in corn futures markets alone can still provide relatively satisfactory performance in the biofuel era. The second essay studies the spillover effect of biofuel policy on participation in the Conservation Reserve Program. Landowners' participation decisions are modeled using a real options framework. A novel aspect of the model is that it captures the structural change in agriculture caused by rising biofuel production. The resulting model is used to simulate the spillover effect under various conditions. In particular, I simulate how increased growth in agricultural returns, persistence of the biofuel production boom, and the volatility surrounding agricultural returns, affect conservation program participation decisions. Policy implications of these results are also discussed. The third essay proposes a methodology to construct a risk-adjusted implied volatility measure that removes the forecasting bias of the model-free implied volatility measure. The risk adjustment is based on a closed

  19. Three essays on price dynamics and causations among energy markets and macroeconomic information

    Science.gov (United States)

    Hong, Sung Wook

    This dissertation examines three important issues in energy markets: price dynamics, information flow, and structural change. We discuss each issue in detail, building empirical time series models, analyzing the results, and interpreting the findings. First, we examine the contemporaneous interdependencies and information flows among crude oil, natural gas, and electricity prices in the United States (US) through the multivariate generalized autoregressive conditional heteroscedasticity (MGARCH) model, Directed Acyclic Graph (DAG) for contemporaneous causal structures and Bernanke factorization for price dynamic processes. Test results show that the DAG from residuals of out-of-sample-forecast is consistent with the DAG from residuals of within-sample-fit. The result supports innovation accounting analysis based on DAGs using residuals of out-of-sample-forecast. Second, we look at the effects of the federal fund rate and/or WTI crude oil price shock on US macroeconomic and financial indicators by using a Factor Augmented Vector Autoregression (FAVAR) model and a graphical model without any deductive assumption. The results show that, in contemporaneous time, the federal fund rate shock is exogenous as the identifying assumption in the Vector Autoregression (VAR) framework of the monetary shock transmission mechanism, whereas the WTI crude oil price return is not exogenous. Third, we examine price dynamics and contemporaneous causality among the price returns of WTI crude oil, gasoline, corn, and the S&P 500. We look for structural break points and then build an econometric model to find the consistent sub-periods having stable parameters in a given VAR framework and to explain recent movements and interdependency among returns. We found strong evidence of two structural breaks and contemporaneous causal relationships among the residuals, but also significant differences between contemporaneous causal structures for each sub-period.

  20. Relationship Between Energy Prices, Monetary Policy and Inflation; A Case Study of South Asian Economies

    Directory of Open Access Journals (Sweden)

    Atiq-ur-Rehman

    2014-01-01

    Full Text Available Monetary policy tools, including money supply and interest rate, are the most popular instruments to control inflation around the globe. It is assumed that a tight monetary policy, either in form of reduction in money supply or an increase in interest rate, will reduce inflation by reducing aggregate demand in an economy. However, monetary policy could be counterproductive if cost side effects of monetary tightening prevail. High energy prices may increase the cost of production by reducing aggregate supply in the economy. If tight monetary policy is used to reduce this cost push inflation, the cost side effect of energy prices will add to cost side effects of monetary tightening and will become dominant. In this case, the monetary policy could be counterproductive. Furthermore, simultaneous reduction in aggregate supply and aggregate demand will bring twofold reduction in output. Therefore greater care is needed in the use of monetary policy in the situation of cost push inflation. This article investigates the presence of cost side effect of monetary transmission mechanism, the role of international oil prices in domestic inflation, and implications for monetary policy. The findings suggest that both monetary policy and oil prices have cost side effects on inflation and monetary tightening could be counterproductive if used to reduce energy pushed inflationary trend.

  1. The growth of energy consumption and prices in the USA, West Germany, and the UK, 1950 to 1980

    Science.gov (United States)

    Doblin, C. P.

    1982-05-01

    The relationship between energy price and consumption was studied, especially reactions to oil price rises in the 1970's. Industrial, domestic, and road transportation energy consumption were examined. Until 1973, consumption rose steadily, while the inflation-adjusted price dropped. Immediate reaction to the two large price rises was a drop in consumption, but overall consumption continued to grow when the growth in total energy consumption was reversed. This change is due to adverse business conditions, displacement of coal by oil, oil by gas, and mineral fuels by electricity in given sectors, switches to less energy intensive activities, a change in the mix of gross national products, and weather conditions, as well as by price rises. Energy conservation measures had little impact.

  2. Optimal operation strategies of compressed air energy storage (CAES) on electricity spot markets with fluctuating prices

    DEFF Research Database (Denmark)

    Lund, Henrik; Salgi, Georges; Elmegaard, Brian;

    2009-01-01

    on electricity spot markets by storing energy when electricity prices are low and producing electricity when prices are high. In order to make a profit on such markets, CAES plant operators have to identify proper strategies to decide when to sell and when to buy electricity. This paper describes three...... plants will not be able to achieve such optimal operation, since the fluctuations of spot market prices in the coming hours and days are not known. Consequently, two simple practical strategies have been identified and compared to the results of the optimal strategy. This comparison shows that...... independent computer-based methodologies which may be used for identifying the optimal operation strategy for a given CAES plant, on a given spot market and in a given year. The optimal strategy is identified as the one which provides the best business-economic net earnings for the plant. In practice, CAES...

  3. World oil prices: prospects and implications for energy policy-makers in Latin America's oil-deficit countries

    Energy Technology Data Exchange (ETDEWEB)

    Mullen, J.W.

    1978-01-01

    This study considers two broad topics: future prices for world crude oil and energy policy in Latin American oil-deficit countries. Chapter I identifies and explains the pattern of world crude oil prices in the post-war era. Chapter II provides an analysis of the structure of today's world crude oil market from the point of view of price formation. Chapter III discusses the current pattern of energy policies in the industrialized, oil-importing countries. Again, the emphasis is on price formation. Chapter IV focuses on the price forecast. It opens with an estimate of the maximum level of the long-run incremental cost of supplying world oil over the next two decades. Chapter V deals with the range of options open to policy-makers in Latin America's oil-deficit countries as they confront the expected price of world crude oil. It closes with a discussion of the security of oil imports in Latin America's oil-deficit countries.

  4. Model of price-dependent management of an industrial enterprise energy consumption

    Directory of Open Access Journals (Sweden)

    Solovieva I.A.

    2017-01-01

    Full Text Available The article is devoted to the problems of price-dependent management of energy consumed by industrial enterprises which are involved in purchasing energy in the wholesale and retail energy markets. The article provides the analysis of forming the obligation value to pay for each component of cost of energy. There have been revealed ways and time intervals of energy consumption demand value management in order to minimize the obligation value to pay for cost of energy. The authors have developed a model aimed at managing energy consumption demand which takes into consideration the specific character of forming the obligation to pay in terms of each component of cost bearing in mind to the factors restricting possibilities to manage demand in the time intervals required. The article also covers some description of the parameters developed for information support of the model offered. The practical approval conducted by the authors, permits to state that using the mechanism of price-dependent energy consumption gives industrial enterprises substantial reserves to reduce energy consumption costs. The research results are of practical importance and can be applied in everyday activity connected with energy purchasing by industrial enterprises.

  5. Current and future industrial energy service characterizations. Volume II. Energy data on the US manufacturing subsector

    Energy Technology Data Exchange (ETDEWEB)

    Krawiec, F.; Thomas, T.; Jackson, F.; Limaye, D.R.; Isser, S.; Karnofsky, K.; Davis, T.D.

    1980-10-01

    In order to characterize industrial energy service, current energy demand, its end uses, and cost of typical energy applications and resultant services in the industrial sector were examined and a projection of state industrial energy demands and prices to 1990 was developed. Volume II presents in Section 2 data on the US manufacturing subsector energy demand, intensity, growth rates, and cost for 1971, 1974, and 1976. These energy data are disaggregated not only by fuel type but also by user classifications, including the 2-digit SIC industry groups, 3-digit subgroups, and 4-digit SIC individual industries. These data characterize typical energy applications and the resultant services in this subsector. The quantities of fuel and electric energy purchased by the US manufacturing subsector were converted to British thermal units and reported in billions of Btu. The conversion factors are presented in Table 4-1 of Volume I. To facilitate the descriptive analysis, all energy cost and intensity data were expressed in constant 1976 dollars. The specific US industrial energy service characteristics developed and used in the descriptive analysis are presented in Volume I. Section 3 presents the computer program used to produce the tabulated data.

  6. Tidal power harnessing energy from water currents

    CERN Document Server

    Lyatkher, Victor

    2014-01-01

    As the global supply of conventional energy sources, such as fossil fuels, dwindles and becomes more and more expensive, unconventional and renewable sources of energy, such as power generation from water sources, is becoming more and more important.  Hydropower has been around for decades, but this book suggests new methods that are more cost-effective and less intrusive to the environment for creating power sources from rivers, the tides, and other sources of water.   The energy available from water currents is potentially much greater than society's needs.  Presenting a detailed discussi

  7. Does EU's energy dependence on Russia increase price volatility for consumers?

    Science.gov (United States)

    Yekeler, Zeynep

    Europe's dependence on natural gas imports from Russia has raised questions about energy risk and the vulnerability of the European countries, especially after the supply cuts in 2006, 2008, 2009, and 2012. The implementation of the Third Energy Package to finally unify European energy markets by linking the states located on the periphery to the well connected gas hubs in Northern Europe has been slow due to a lack of political will across Europe. This has enabled Russian Gazprom to retain its position as a major player in European markets and hinder any European effort to diversify the energy portfolio of the region. Using residential natural gas and electricity price data from 2000 through 2014, this paper analyzes the impact of EU's import reliance on natural gas from Russia and the supply disruptions on the volatility of natural gas and electricity prices through a fixed effects regression model. Results indicate that while the size of Russian natural gas imports does not significantly affect natural gas and electricity price volatility in EU countries, security supply measures such as natural gas stocks matter, especially for Southeast European countries that consistently pay more according to the results. The paper concludes by discussing the importance of formulating policies that not only aim to reduce overall EU dependence but minimize Southeastern Europe's vulnerabilities. Policy suggestions include increasing cross-border interconnectors and storage capacity as well as increasing LNG import capacity by building regasification terminals in periphery countries like Greece, Bulgaria, Romania and Slovenia.

  8. Nuclear energy: current situation and prospects to 2020.

    Science.gov (United States)

    Ion, Sue

    2007-04-15

    For close to half a century nuclear fission has been providing reliable supplies of electricity to the UK, with virtually no emissions of carbon dioxide. Over that period, the UK nuclear industry has avoided the emission of over one and a half billion tonnes of CO2. Yet no nuclear plant has been built in the UK for over two decades even though many of the stations in our current fleet are now within a decade or so of the end of their lifetime. Without new plants being ordered soon, the UK's nuclear capacity will decline dramatically, from 23% today to 3% post-2020--just as considerations of supply security and climate change are becoming increasingly important. Elsewhere in the world, many countries such as China, India, Japan, South Korea, Finland and France are building new stations. Other countries such as the USA, South Africa, and some nations that currently do not have nuclear stations (such as Indonesia and Poland) are making preparations for future nuclear stations. Globally capacity factors for nuclear plants are higher than they have ever been, averaging around 85% and with the best stations achieving well over 90%. Lifetime can be 60 years. That the economics of such stations compete well with other technologies is well founded and easily verifiable--especially in the face of rising fossil fuel prices and the pricing in of costs for CO2 emissions--both of which stand to improve the economics of nuclear energy still further. Waste volumes arising from modern plants are just a fraction of those of some earlier stations, and the technologies are in place to deal with them safely and effectively. Following recent reviews and international developments, there is growing confidence that internationally available competitive designs of nuclear plant will provide part of the solution to the UK's long-term energy needs.

  9. Marine Hydrokinetic Energy from Western Boundary Currents

    Science.gov (United States)

    Bane, John M.; He, Ruoying; Muglia, Michael; Lowcher, Caroline F.; Gong, Yanlin; Haines, Sara M.

    2017-01-01

    The kinetic energy in ocean currents, or marine hydrokinetic (MHK) energy, is a renewable energy resource that can help meet global energy requirements. An ocean circulation model–based census shows that subtropical surface western boundary currents (WBCs) are the only nearshore, large-scale currents swift enough to drive large electricity-generating ocean turbines envisioned for future use. We review several WBCs in the context of kinetic energy extraction. The power density in the Gulf Stream off North Carolina at times reaches several thousand watts per square meter at 75 m below the surface, and the annual average power is approximately 500–1,000 W m‑2. Significant fluctuations occur with periods of 3–20 days (Gulf Stream meanders) and weeks to months (Gulf Stream path shifts). Interannual variations in annual average power occur because of year-to-year changes in these WBC motions. No large-scale turbines presently exist, and the road to establishing MHK facilities in WBCs will encounter challenges that are similar in many aspects to those associated with the development of offshore wind power.

  10. Current State of the Voluntary Renewable Energy Market (Presentation)

    Energy Technology Data Exchange (ETDEWEB)

    Heeter, J.

    2013-09-01

    This presentation highlights the status of the voluntary green power market in 2012. The voluntary green power market totaled more than 48 million MWh in 2012, with about 1.9 million customers participating. The supply continues to be dominated by wind, though solar is increasing its share of utility green pricing programs. Prices for voluntary renewable energy certificates (RECs) increased to above $1/MWh.

  11. Current energy usage and sustainable energy in Kazakhstan: A review

    Science.gov (United States)

    Karatayev, Marat; Islam, Tofazzal; Salnikov, Vitaliy

    2014-05-01

    Kazakhstan has abundant natural resources. The country has enough coal to supply its energy needs for the next 150 years, and has the world's largest deposits of uranium, substantial quantities of natural gas and petroleum deposits. However, despite such energy riches, due to the size of the territory, its geography, and the country's economic structure, distribution of electricity in Kazakhstan is not uniform. As a result, Kazakhstani rural and remote areas suffer from serious electricity deficits. According to the latest estimates from the Ministry of Industry and New Technologies, about 25-30% of the Kazakhstani population lives in rural communities, where access to affordable energy (for heating, cooling, cooking, refrigeration, lighting, household as well as IT use) is limited. Furthermore, with the main electricity production infrastructure concentrated in the main urban areas, a high amount of electricity is therefore lost during transmission. Moreover, the consumption of poor quality coal as the main source of power generation creates a significant amount of environmental pollution. To illustrate this development, fuel combustion from coal has produced around 75% of carbon dioxide emissions in Kazakhstan. Thus, in order to address the country's electricity and environmental challenges, the Kazakhstani government is taking initiatives to promote renewable energy resources. However, so far, the outcome of these initiatives remains negligible. The current contribution of renewable energy to the total energy consumption is less than 1% (with 90% provided by hydropower) despite the significant potential for renewable energy in the country. As yet, no comprehensive study has been published on the energy scenario and on the potential for renewable energy resources in Kazakhstan. This comprehensive review aims to present an overview of the country's energy resources, supply and demand as the current energy scenario, while discussing the potential for renewable

  12. Wind Energy Facilities and Residential Properties: The Effect of Proximity and View on Sales Prices

    Energy Technology Data Exchange (ETDEWEB)

    Hoen, Ben; Wiser, Ryan; Cappers, Peter; Thayer, Mark; Sethi, Gautam

    2010-04-01

    With wind energy expanding rapidly in the U.S. and abroad, and with an increasing number of communities considering nearby wind power developments, there is a need to empirically investigate community concerns about wind project development. One such concern is that property values may be adversely affected by wind energy facilities, and relatively little existing research exists on the subject. The present research is based on almost 7,500 sales of single-family homes situated within ten miles of 24 existing wind facilities in nine different U.S. states. The conclusions of the study are drawn from four different hedonic pricing models. The model results are consistent in that neither the view of the wind facilities nor the distance of the home to those facilities is found to have a statistically significant effect on home sales prices.

  13. The development in energy consumption, price sensitivity and allocation of power; Utviklingen i stroemforbruket, prisfoelsomheten og stroemmarkedet

    Energy Technology Data Exchange (ETDEWEB)

    Halvorsen, Bente

    2012-11-15

    This report discusses the development in energy consumption in households, service industries, primary industries and other small industries, both in the short run (hour to hour, day by day) and over a longer period, back to the 1960. The report discusses the main driving forces behind this development, as well as the demand price sensitivity and its role in the allocation of power between customers and over time. The analysis shows that for the short-term fluctuations in consumption from hour to hour, the temperature of the main driver, while price changes have less influence. For the long-term trend, however, changes in relative energy prices are a key driver, along with population and income growth. Even if the short term price sensitivity is low for end-users, it may still have a big influence on the short-term clearance of the market (from hour to hour), as it affects the short term price sensitivity in the spot market. The long-term price elasticities in the retail markets is more important for determining consumption over a time period, and is important in allocating energy resources over time in the spot market, e.g. over the winter months. Empirical analyses show that the Norwegian demand responds to price changes, both in the short term in the spot market and in the longer term in the retail market. It takes a few weeks before the price signals from spot market affects the consumer prise for most end-users, but by then, most of the price signal has been transmitted. It also follows from the analysis that it is important to let prices vary between regions of the market in the event of scarcity, so customers in regions where shortages occur, have the incentive to change their demand. The faster these price signals affect consumer prices, the more efficient the market will be able to handle a tight power situation.(Author)

  14. Quantifying uncertainties influencing the long-term impacts of oil prices on energy markets and carbon emissions

    Science.gov (United States)

    McCollum, David L.; Jewell, Jessica; Krey, Volker; Bazilian, Morgan; Fay, Marianne; Riahi, Keywan

    2016-07-01

    Oil prices have fluctuated remarkably in recent years. Previous studies have analysed the impacts of future oil prices on the energy system and greenhouse gas emissions, but none have quantitatively assessed how the broader, energy-system-wide impacts of diverging oil price futures depend on a suite of critical uncertainties. Here we use the MESSAGE integrated assessment model to study several factors potentially influencing this interaction, thereby shedding light on which future unknowns hold the most importance. We find that sustained low or high oil prices could have a major impact on the global energy system over the next several decades; and depending on how the fuel substitution dynamics play out, the carbon dioxide consequences could be significant (for example, between 5 and 20% of the budget for staying below the internationally agreed 2 ∘C target). Whether or not oil and gas prices decouple going forward is found to be the biggest uncertainty.

  15. Industrial location and rising energy prices. A case of bilateral monopoly

    Energy Technology Data Exchange (ETDEWEB)

    Hwang, H.; Mai, C.C.

    1987-05-01

    The purpose of this paper is to extend Sakashita's analysis to a case of bilateral monopoly and to examine the possibility of intermediate location for two industries as well as the impact of rising energy prices on the patterns of industrial location. It will be shown that the results derived in this paper are quite different from the ones obtained by Sakashita (1980). 16 refs.

  16. Price-based Energy Control for V2G Networks in the Industrial Smart Grid

    Directory of Open Access Journals (Sweden)

    Rong Yu

    2015-08-01

    Full Text Available The energy crisis and global warming call for a new industrial revolution in production and distribution of renewable energy. Distributed power generation will be well developed in the new smart electricity distribution grid, in which robust power distribution will be the key technology. In this paper, we present a new vehicle-to-grid (V2G network for energy transfer, in which distributed renewable energy helps the power grid balance demand and supply. Plug-in hybrid electric vehicles (PHEVs will act as transporters of electricity for distributed renewable energy dispatching. We formulate and analyze the V2G network within the theoretical framework of complex network. We also employ the generalized synchronization method to study the dynamic behavior of V2G networks. Furthermore, we develop a new price-based energy control method to stimulate the PHEV's behavior of charging and discharging. Simulation results indicate that the V2G network can achieve synchronization and each region is able to balance energy supply and demand through price-based control.

  17. Modern Energy Markets Real-Time Pricing, Renewable Resources and Efficient Distribution

    CERN Document Server

    Kopsakangas-Savolainen, Maria

    2012-01-01

    Energy has moved to the forefront in terms of societal and economic development. Modern Energy Markets is a comprehensive, economically oriented, exploration of modern electricity networks from production and distribution to deregulation and liberalization processes. Updating previous work by the authors, different aspects are considered resulting in a complete and detailed picture of  the systems and characteristics of modern electricity markets. Modern Energy Markets provides clear detail whilst encompassing a broad scope of topics and includes: •A method to model energy production systems including the main characteristics of future demand side management, •Different applications of this model in nuclear and renewable energy scenarios, •An analysis of Real-Time Pricing of electricity and its potential effects across the market, and, •A discussion of the need for regulation in an easily monopolized industry. Engineering and Economics students alike will find that Modern Energy Markets is a succinct...

  18. Dynamic pricing and learning: Historical origins, current research, and new directions

    NARCIS (Netherlands)

    den Boer, A.V.

    2015-01-01

    The topic of dynamic pricing and learning has received a considerable amount of attention in recent years, from different scientific communities. We survey these literature streams: we provide a brief introduction to the historical origins of quantitative research on pricing and demand estimation, p

  19. Dynamic pricing and learning: historical origins, current research, and new directions

    NARCIS (Netherlands)

    Boer, den Arnoud V.

    2015-01-01

    The topic of dynamic pricing and learning has received a considerable amount of attention in recent years, from different scientific communities. We survey these literature streams: we provide a brief introduction to the historical origins of quantitative research on pricing and demand estimation, p

  20. COMPILATION OF CURRENT HIGH ENERGY PHYSICS EXPERIMENTS

    Energy Technology Data Exchange (ETDEWEB)

    Wohl, C.G.; Kelly, R.L.; Armstrong, F.E.; Horne, C.P.; Hutchinson, M.S.; Rittenberg, A.; Trippe, T.G.; Yost, G.P.; Addis, L.; Ward, C.E.W.; Baggett, N.; Goldschmidt-Clermong, Y.; Joos, P.; Gelfand, N.; Oyanagi, Y.; Grudtsin, S.N.; Ryabov, Yu.G.

    1981-05-01

    This is the fourth edition of our compilation of current high energy physics experiments. It is a collaborative effort of the Berkeley Particle Data Group, the SLAC library, and nine participating laboratories: Argonne (ANL), Brookhaven (BNL), CERN, DESY, Fermilab (FNAL), the Institute for Nuclear Study, Tokyo (INS), KEK, Serpukhov (SERP), and SLAC. The compilation includes summaries of all high energy physics experiments at the above laboratories that (1) were approved (and not subsequently withdrawn) before about April 1981, and (2) had not completed taking of data by 1 January 1977. We emphasize that only approved experiments are included.

  1. An analysis of Renewable Portfolio Standard policy formulation and its influence on state level energy prices

    Science.gov (United States)

    McCollester, Peter Colin

    Over the past two decades, environmental concern has crept to the forefront of the world policy agenda. This concern has manifested itself differently throughout the world. In the United States, this has come in the form of Renewable Portfolio Standards (RPS) which have become one of the primary policy tools which states use to encourage renewable energy generation. The advent of RPS has spurred intense debate at a federal and state level, centering on the economic merits of promoting renewable energy generation. Detractors argue that RPS will raise electricity rates, since generation from renewable sources is typically costlier than energy generated from fossil fuels. At this point, evidence to the relationship between RPS on electricity prices remains unclear. Researchers have attempted to understand this relationship through a variety of means. The most common being regression based models, which utilize readily available United States Energy Information Agency (US EIA) data, and have uncovered a number of important independent variables which are incorporated into the model in this study. Examples include personal income, state population, and deregulation of an energy market. In addition to empirical studies, the National Renewable Energy Laboratory (NREL) has created complex mathematical models which generate scenario projections based on a number of assumptions. While interesting, these are forward looking tools and as such have not yielded a tremendous amount of insight into the underlying policy mechanics of RPS. A challenge of addressing this topic which is worth noting is that much of the research available which analyzes the merits of RPS caters to distinct political or private sector agendas. The research gathered for this study is comprehensive, and attempts to avoid studies with any clear political, ideological, or financial motivation. Using the insights from previous researchers this study develops a rigorous fixed effects regression model to

  2. Energy consumption, prices and economic growth in three SSA countries. A comparative study

    Energy Technology Data Exchange (ETDEWEB)

    Odhiambo, Nicholas M. [Economics Department, University of South Africa (UNISA), P.O. Box 392, UNISA 0003, Pretoria (South Africa)

    2010-05-15

    In this paper we examine the causal relationship between energy consumption and economic growth in three sub-Saharan African countries, namely South Africa, Kenya and Congo (DRC). We incorporate prices as an intermittent variable in a bivariate setting between energy consumption and economic growth - thereby creating a simple trivariate framework. Using the ARDL-bounds testing procedure, we find that the causality between energy consumption and economic growth varies significantly across the countries under study. The results show that for South Africa and Kenya there is a unidirectional causal flow from energy consumption to economic growth. However, for Congo (DRC) it is economic growth that drives energy consumption. These findings have important policy implications insofar as energy conservation policies are concerned. In the case of Congo (DRC), for example, the implementation of energy conservation policies may not significantly affect economic growth because the country's economy is not entirely energy dependent. However, for South Africa and Kenya there is a need for more energy supply augmentations in order to cope with the long-run energy demand. In the short-run, however, the two countries should explore more efficient and cost-effective sources of energy in order to address the energy dependency problem. (author)

  3. Energy consumption, prices and economic growth in three SSA countries: A comparative study

    Energy Technology Data Exchange (ETDEWEB)

    Odhiambo, Nicholas M., E-mail: nmbaya99@yahoo.co [Economics Department, University of South Africa (UNISA), P.O. Box 392, UNISA 0003, Pretoria (South Africa)

    2010-05-15

    In this paper we examine the causal relationship between energy consumption and economic growth in three sub-Saharan African countries, namely South Africa, Kenya and Congo (DRC). We incorporate prices as an intermittent variable in a bivariate setting between energy consumption and economic growth-thereby creating a simple trivariate framework. Using the ARDL-bounds testing procedure, we find that the causality between energy consumption and economic growth varies significantly across the countries under study. The results show that for South Africa and Kenya there is a unidirectional causal flow from energy consumption to economic growth. However, for Congo (DRC) it is economic growth that drives energy consumption. These findings have important policy implications insofar as energy conservation policies are concerned. In the case of Congo (DRC), for example, the implementation of energy conservation policies may not significantly affect economic growth because the country's economy is not entirely energy dependent. However, for South Africa and Kenya there is a need for more energy supply augmentations in order to cope with the long-run energy demand. In the short-run, however, the two countries should explore more efficient and cost-effective sources of energy in order to address the energy dependency problem.

  4. Suggestions on the Current Electricity Price Level and Policies in China

    Institute of Scientific and Technical Information of China (English)

    Zhang Guohou; Wang Ying

    2009-01-01

    @@ The State Council decided to raise the retail electricity price by 0.25 Yuan/kWh from July,2008.This will,to some extent,relieve the conflicts between power supply and demand,and decrease the economic losses in power industry.Also,the step-by-step strategy on electricity price adopted by the government is favorable to the relief of inflation pressure and the maintenance of national economy's steady development.

  5. The Multiscale Fluctuations of the Correlation between Oil Price and Wind Energy Stock

    Directory of Open Access Journals (Sweden)

    Shupei Huang

    2016-06-01

    Full Text Available Wind energy is considered a clear and sustainable substitution for fossil fuel, and the stock index of the wind energy industry is closely related to the oil price fluctuation. Their relationship is characterized by multiscale and time-varying features based on a variety of stakeholders who have different objectives within various time horizons, which makes it difficult to identify the factor in which time scale could be the most influential one in the market. Aiming to explore the correlation between oil price and the wind energy stock index from the time–frequency domain in a dynamic perspective, we propose an algorithm combining the wavelet transform, complex network, and gray correlation analyses and choose the Brent oil price and the international securities exchange (ISE global wind energy index from January 2006 to October 2015 in daily frequency as data sample. First, we define the multiscale conformation by a set of fluctuation information with different time horizons to represent the fluctuation status of the correlation of the oil–wind nexus rather than by a single original correlation value. Then, we transform the multiscale conformation evolution into a network model, and only 270 multiscale conformations and 710 transmissions could characterize 2451 data points. We find that only 30% of conformations and transmissions work as a backbone of the entire correlation series; through these major conformations, we identify that the main factor that could influence the oil–wind nexus are long-term components, such as policies, the status of the global economy and demand–supply issues. In addition, there is a clustering effect and transmissions among conformations that mainly happen inside clusters and rarely among clusters, which means the interaction of the oil–wind nexus is stable over a short period of time.

  6. Do energy prices stimulate food price volatility? Examining volatility transmission between US oil, ethanol and corn markets

    NARCIS (Netherlands)

    Gardebroek, C.; Hernandez, M.A.

    2012-01-01

    This paper examines volatility transmission in oil, ethanol and corn prices in the United States between 1997 and 2011. We follow a multivariate GARCH approach to evaluate the level of interdependence and the dynamics of volatility across these markets. Preliminary results indicate a higher interact

  7. Do energy prices stimulate food price volatility? Examining volatility transmission between US oil, ethanol and corn markets

    NARCIS (Netherlands)

    Hernandez, M.A.; Gardebroek, C.

    2012-01-01

    This paper examines volatility transmission in oil, ethanol and corn prices in the United States between 1997 and 2011. We follow a multivariate GARCH approach to evaluate the level of interdependence and the dynamics of volatility across these markets. The estimation results indicate a higher inter

  8. Do energy prices stimulate food price volatility? Examining volatility transmission between US oil, ethanol and corn markets

    NARCIS (Netherlands)

    Gardebroek, C.; Hernandez, M.A.

    2013-01-01

    This paper examines volatility transmission in oil, ethanol and corn prices in the United States between 1997 and 2011. We follow a multivariate GARCH approach to evaluate the level of interdependence and the dynamics of volatility across these markets. Preliminary results indicate a higher interact

  9. Do energy prices stimulate food price volatility? Examining volatility transmission between US oil, ethanol and corn markets

    NARCIS (Netherlands)

    Hernandez, M.A.; Gardebroek, C.

    2012-01-01

    This paper examines volatility transmission in oil, ethanol and corn prices in the United States between 1997 and 2011. We follow a multivariate GARCH approach to evaluate the level of interdependence and the dynamics of volatility across these markets. The estimation results indicate a higher

  10. Do energy prices stimulate food price volatility? Examining volatility transmission between US oil, ethanol and corn markets

    NARCIS (Netherlands)

    Gardebroek, C.; Hernandez, M.A.

    2012-01-01

    This paper examines volatility transmission in oil, ethanol and corn prices in the United States between 1997 and 2011. We follow a multivariate GARCH approach to evaluate the level of interdependence and the dynamics of volatility across these markets. Preliminary results indicate a higher

  11. Do energy prices stimulate food price volatility? Examining volatility transmission between US oil, ethanol and corn markets

    NARCIS (Netherlands)

    Gardebroek, C.; Hernandez, M.A.

    2013-01-01

    This paper examines volatility transmission in oil, ethanol and corn prices in the United States between 1997 and 2011. We follow a multivariate GARCH approach to evaluate the level of interdependence and the dynamics of volatility across these markets. Preliminary results indicate a higher

  12. Real Time Information Based Energy Management Using Customer Preferences and Dynamic Pricing in Smart Homes

    Directory of Open Access Journals (Sweden)

    Muhammad Babar Rasheed

    2016-07-01

    Full Text Available This paper presents real time information based energy management algorithms to reduce electricity cost and peak to average ratio (PAR while preserving user comfort in a smart home. We categorize household appliances into thermostatically controlled (tc, user aware (ua, elastic (el, inelastic (iel and regular (r appliances/loads. An optimization problem is formulated to reduce electricity cost by determining the optimal use of household appliances. The operational schedules of these appliances are optimized in response to the electricity price signals and customer preferences to maximize electricity cost saving and user comfort while minimizing curtailed energy. Mathematical optimization models of tc appliances, i.e., air-conditioner and refrigerator, are proposed which are solved by using intelligent programmable communication thermostat ( iPCT. We add extra intelligence to conventional programmable communication thermostat (CPCT by using genetic algorithm (GA to control tc appliances under comfort constraints. The optimization models for ua, el, and iel appliances are solved subject to electricity cost minimization and PAR reduction. Considering user comfort, el appliances are considered where users can adjust appliance waiting time to increase or decrease their comfort level. Furthermore, energy demand of r appliances is fulfilled via local supply where the major objective is to reduce the fuel cost of various generators by proper scheduling. Simulation results show that the proposed algorithms efficiently schedule the energy demand of all types of appliances by considering identified constraints (i.e., PAR, variable prices, temperature, capacity limit and waiting time.

  13. Social Optimization and Pricing Policy in Cognitive Radio Networks with an Energy Saving Strategy

    Directory of Open Access Journals (Sweden)

    Shunfu Jin

    2016-01-01

    Full Text Available The rapid growth of wireless application results in an increase in demand for spectrum resource and communication energy. In this paper, we firstly introduce a novel energy saving strategy in cognitive radio networks (CRNs and then propose an appropriate pricing policy for secondary user (SU packets. We analyze the behavior of data packets in a discrete-time single-server priority queue under multiple-vacation discipline. With the help of a Quasi-Birth-Death (QBD process model, we obtain the joint distribution for the number of SU packets and the state of base station (BS via the Matrix-Geometric Solution method. We assess the average latency of SU packets and the energy saving ratio of system. According to a natural reward-cost structure, we study the individually optimal behavior and the socially optimal behavior of the energy saving strategy and use an optimization algorithm based on standard particle swarm optimization (SPSO method to search the socially optimal arrival rate of SU packets. By comparing the individually optimal behavior and the socially optimal behavior, we impose an appropriate admission fee to SU packets. Finally, we present numerical results to show the impacts of system parameters on the system performance and the pricing policy.

  14. An Electricity Price-Aware Open-Source Smart Socket for the Internet of Energy.

    Science.gov (United States)

    Blanco-Novoa, Óscar; Fernández-Caramés, Tiago M; Fraga-Lamas, Paula; Castedo, Luis

    2017-03-21

    The Internet of Energy (IoE) represents a novel paradigm where electrical power systems work cooperatively with smart devices to increase the visibility of energy consumption and create safer, cleaner and sustainable energy systems. The implementation of IoE services involves the use of multiple components, like embedded systems, power electronics or sensors, which are an essential part of the infrastructure dedicated to the generation and distribution energy and the one required by the final consumer. This article focuses on the latter and presents a smart socket system that collects the information about energy price and makes use of sensors and actuators to optimize home energy consumption according to the user preferences. Specifically, this article provides three main novel contributions. First, what to our knowledge is the first hardware prototype that manages in a practical real-world scenario the price values obtained from a public electricity operator is presented. The second contribution is related to the definition of a novel wireless sensor network communications protocol based on Wi-Fi that allows for creating an easy-to-deploy smart plug system that self-organizes and auto-configures to collect the sensed data, minimizing user intervention. Third, it is provided a thorough description of the design of one of the few open-source smart plug systems, including its communications architecture, the protocols implemented, the main sensing and actuation components and the most relevant pieces of the software. Moreover, with the aim of illustrating the capabilities of the smart plug system, the results of different experiments performed are shown. Such experiments evaluate in real-world scenarios the system's ease of use, its communications range and its performance when using HTTPS. Finally, the economic savings are estimated for different appliances, concluding that, in the practical situation proposed, the smart plug system allows certain energy

  15. An Electricity Price-Aware Open-Source Smart Socket for the Internet of Energy

    Science.gov (United States)

    Blanco-Novoa, Óscar; Fernández-Caramés, Tiago M.; Fraga-Lamas, Paula; Castedo, Luis

    2017-01-01

    The Internet of Energy (IoE) represents a novel paradigm where electrical power systems work cooperatively with smart devices to increase the visibility of energy consumption and create safer, cleaner and sustainable energy systems. The implementation of IoE services involves the use of multiple components, like embedded systems, power electronics or sensors, which are an essential part of the infrastructure dedicated to the generation and distribution energy and the one required by the final consumer. This article focuses on the latter and presents a smart socket system that collects the information about energy price and makes use of sensors and actuators to optimize home energy consumption according to the user preferences. Specifically, this article provides three main novel contributions. First, what to our knowledge is the first hardware prototype that manages in a practical real-world scenario the price values obtained from a public electricity operator is presented. The second contribution is related to the definition of a novel wireless sensor network communications protocol based on Wi-Fi that allows for creating an easy-to-deploy smart plug system that self-organizes and auto-configures to collect the sensed data, minimizing user intervention. Third, it is provided a thorough description of the design of one of the few open-source smart plug systems, including its communications architecture, the protocols implemented, the main sensing and actuation components and the most relevant pieces of the software. Moreover, with the aim of illustrating the capabilities of the smart plug system, the results of different experiments performed are shown. Such experiments evaluate in real-world scenarios the system’s ease of use, its communications range and its performance when using HTTPS. Finally, the economic savings are estimated for different appliances, concluding that, in the practical situation proposed, the smart plug system allows certain energy

  16. Review of energy efficiency CO2 and price policies and measures in EU countries and Norway in 2001

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    2002-04-01

    For each countries of the European Union and the Norway, this document provides statistical data and analysis of the situation concerning the energy efficiency context, the measures and programs on the energy policy, the energy taxes and prices, the budget. (A.L.B.)

  17. Estimating exergy prices for energy carriers in heating systems: Country analyses of exergy substitution with capital expenditures

    NARCIS (Netherlands)

    Muller, A.; Kranzl, L.; Tuominen, P.; Boelman, E.; Molinari, M.; Entrop, A.G.

    2011-01-01

    Exergy represents the ability of an energy carrier to perform work and can be seen as a core indicator for measuring its quality. In this article we postulate that energy prices reflect the exergy content of the underlying energy carrier and that capital expenditures can substitute for exergy to som

  18. An Analysis of the Effects of Residential Photovoltaic Energy Systems on Home Sales Prices in California

    Energy Technology Data Exchange (ETDEWEB)

    Hoen, Ben; Cappers, Peter; Wiser, Ryan; Thayer, Mark

    2011-04-19

    An increasing number of homes in the U.S. have sold with photovoltaic (PV) energy systems installed at the time of sale, yet relatively little research exists that estimates the marginal impacts of those PV systems on home sale prices. A clearer understanding of these possible impacts might influence the decisions of homeowners considering the installation of a PV system, homebuyers considering the purchase of a home with PV already installed, and new home builders considering including PV as an optional or standard product on their homes. This research analyzes a large dataset of California homes that sold from 2000 through mid-2009 with PV installed. It finds strong evidence that homes with PV systems sold for a premium over comparable homes without PV systems during this time frame. Estimates for this premium expressed in dollars per watt of installed PV range, on average, from roughly $4 to $5.5/watt across a large number of hedonic and repeat sales model specifications and robustness tests. When expressed as a ratio of the sales price premium of PV to estimated annual energy cost savings associated with PV, an average ratio of 14:1 to 19:1 can be calculated; these results are consistent with those of the more-extensive existing literature on the impact of energy efficiency on sales prices. When the data are split among new and existing homes, however, PV system premiums are markedly affected. New homes with PV show premiums of $2.3-2.6/watt, while existing homes with PV show premiums of more than $6/watt. Reasons for this discrepancy are suggested, yet further research is warranted. A number of other areas where future research would be useful are also highlighted.

  19. Wind Energy Facilities and Residential Properties: The Effect of Proximity and View on Sales Prices

    Energy Technology Data Exchange (ETDEWEB)

    Hoen, Ben; Wiser, Ryan; Cappers, Peter; Thayer, Mark; Sethi, Gautam

    2010-04-01

    With an increasing number of communities considering nearby wind power developments, there is a need to empirically investigate community concerns about wind project development. One such concern is that property values may be adversely affected by wind energy facilities, and relatively little research exists on the subject. The present research investigates roughly 7,500 sales of single-family homes surrounding 24 existing U.S. wind facilities. Across four different hedonic models the results are consistent: neither the view of the wind facilities nor the distance of the home to those facilities is found to have a statistically significant effect on home sales prices.

  20. U. S. Price Controls on Energy and the International Petrochemical Market

    Science.gov (United States)

    1983-05-01

    wume at reports friom yea, ho~vV.C we have inreberd our databse and find that we do not have thea in theA Coll#CtJmD an f@.l that they wouild be of bumf...subsidized U.S. petro- chemical exports, and if so, what were the effects on world petrochemical prices and U.S. and foreign production levels? We found...measure these effects, we construct an integrated model of the world petro- chemical and energy input markets. The model includes equations repre

  1. Input price risk and optimal timing of energy investment: choice between fossil- and biofuels

    Energy Technology Data Exchange (ETDEWEB)

    Murto, Pauli; Nese, Gjermund

    2002-05-01

    We consider energy investment, when a choice has to be made between fossil fuel and biomass fired production technologies. A dynamic model is presented to illustrate the effect of the different degrees of input price uncertainty on the choice of technology and the timing of the investment. It is shown that when the choice of technology is irreversible, it may be optimal to postpone the investment even if it would otherwise be optimal to invest in one or both of the plant types. We provide a numerical example based on cost, estimates of two different power plant types. (author)

  2. Energy Optimization in Smart Homes Using Customer Preference and Dynamic Pricing

    Directory of Open Access Journals (Sweden)

    Muhammad Babar Rasheed

    2016-07-01

    Full Text Available In this paper, we present an energy optimization technique to schedule three types of household appliances (user dependent, interactive schedulable and unschedulable in response to the dynamic behaviours of customers, electricity prices and weather conditions. Our optimization technique schedules household appliances in real time to optimally control their energy consumption, such that the electricity bills of end users are reduced while not compromising on user comfort. More specifically, we use the binary multiple knapsack problem formulation technique to design an objective function, which is solved via the constraint optimization technique. Simulation results show that average aggregated energy savings with and without considering the human presence control system are 11.77% and 5.91%, respectively.

  3. Profit maximization algorithms for utility companies in an oligopolistic energy market with dynamic prices and intelligent users

    Directory of Open Access Journals (Sweden)

    Tiansong Cui

    2016-01-01

    Full Text Available Dynamic energy pricing provides a promising solution for the utility companies to incentivize energy users to perform demand side management in order to minimize their electric bills. Moreover, the emerging decentralized smart grid, which is a likely infrastructure scenario for future electrical power networks, allows energy consumers to select their energy provider from among multiple utility companies in any billing period. This paper thus starts by considering an oligopolistic energy market with multiple non-cooperative (competitive utility companies, and addresses the problem of determining dynamic energy prices for every utility company in this market based on a modified Bertrand Competition Model of user behaviors. Two methods of dynamic energy pricing are proposed for a utility company to maximize its total profit. The first method finds the greatest lower bound on the total profit that can be achieved by the utility company, whereas the second method finds the best response of a utility company to dynamic pricing policies that the other companies have adopted in previous billing periods. To exploit the advantages of each method while compensating their shortcomings, an adaptive dynamic pricing policy is proposed based on a machine learning technique, which finds a good balance between invocations of the two aforesaid methods. Experimental results show that the adaptive policy results in consistently high profit for the utility company no matter what policies are employed by the other companies.

  4. Activity-based costing for pathology examinations and comparison with the current pricing system in Turkey.

    Science.gov (United States)

    Ergün, Ferda A K; Ağirbaş, Ismail; Kuzu, Işınsu

    2013-01-01

    To demonstrate the real cost data of the pathology examinations by using the activity-based costing method and to contribute to the financial planning of the departments, health managers and also the social security institution. Forty-four examinations selected from the Healthcare Implementation Notification system list and performed at the Ankara University Faculty of Medicine Pathology Department during September 2010 were studied. The analysis and the real cost calculations were done according to the duration of the procedures. Calculated costs were compared with the Healthcare Implementation Notification system and Medicare price lists. The costs of the pathology tests listed within the same pricing levels in the Healthcare Implementation Notification system list showed great differences. The minimum and maximum costs in level 1, 2, 3, and 4 were 15,98-80,15 TL, 15,95-258,59 TL, 42,38- 236,87 TL, and 124,42-406,76 TL, respectively. Medicare price levels were more consistent with the real costs of the examinations compared to the Healthcare Implementation Notification system price list. The prices of the pathology examination listed at different levels in the Healthcare Implementation Notification system lists do not cover the real costs of the work done. The principal parameters of Activity-Based Costing system are more suitable for making the most realistic cost categorization. Although the prices could differ between countries, the Medicare system categories are more realistic than the Healthcare Implementation Notification system. The Healthcare Implementation Notification system list needs to be revised in order to reflect the real costs of the pathology examinations.

  5. Activity-Based Costing for Pathology Examinations and Comparison with the Current Pricing System in Turkey

    Directory of Open Access Journals (Sweden)

    Ferda AK ERGÜN

    2013-01-01

    Full Text Available Objective: To demonstrate the real cost data of the pathology examinations by using the activity-based costing method and to contribute to the financial planning of the departments, health managers and also the social security institution.Material and Method: Forty-four examinations selected from the Healthcare Implementation Notification system list and performed at the Ankara University Faculty of Medicine Pathology Department during September 2010 were studied. The analysis and the real cost calculations were done according to the duration of the procedures. Calculated costs were compared with the Healthcare Implementation Notification system and Medicare price lists.Results: The costs of the pathology tests listed within the same pricing levels in the Healthcare Implementation Notification system list showed great differences. The minimum and maximum costs in level 1, 2, 3, and 4 were 15,98-80,15 TL, 15,95-258,59 TL, 42,38- 236,87 TL, and 124,42-406,76 TL, respectively. Medicare price levels were more consistent with the real costs of the examinations compared to the Healthcare Implementation Notification system price list.Conclusion: The prices of the pathology examination listed at different levels in the Healthcare Implementation Notification system lists do not cover the real costs of the work done. The principal parameters of Activity-Based Costing system are more suitable for making the most realistic cost categorization. Although the prices could differ between countries, the Medicare system categories are more realistic than the Healthcare Implementation Notification system. The Healthcare Implementation Notification system list needs to be revised in order to reflect the real costs of the pathology examinations.

  6. Some Simple Arguments about Cost Externalization and its Relevance to the Price of Fusion Energy

    Energy Technology Data Exchange (ETDEWEB)

    Budny, R.; Winfree, R.

    1999-09-27

    The primary goal of fusion energy research is to develop a source of energy that is less harmful to the environment than are the present sources. A concern often expressed by critics of fusion research is that fusion energy will never be economically competitive with fossil fuels, which in 1997 provided 75% of the world's energy. And in fact, studies of projected fusion electricity generation generally project fusion costs to be higher than those of conventional methods. Yet it is widely agreed that the environmental costs of fossil fuel use are high. Because these costs aren't included in the market price, and furthermore because many governments subsidize fossil fuel production, fossil fuels seem less expensive than they really are. Here we review some simple arguments about cost externalization which provide a useful background for discussion of energy prices. The collectively self-destructive behavior that is the root of many environmental problems, including fossil fuel use, was termed ''the tragedy of the commons'' by the biologist G. Hardin. Hardin's metaphor is that of a grazing commons that is open to all. Each herdsman, in deciding whether to add a cow to his herd, compares the benefit of doing so, which accrues to him alone, to the cost, which is shared by all the herdsmen using the commons, and therefore adds his cow. In this way individually rational behavior leads to the collective destruction of the shared resource. As Hardin pointed out, pollution is one kind of tragedy of the commons. CO{sub 2} emissions and global warming are in this sense classic tragedies.

  7. PRICE AND PRICING STRATEGIES

    OpenAIRE

    Titus SUCIU

    2013-01-01

    In individual companies, price is one significant factor in achieving marketing success. In many purchase situations, price can be of great importance to customers. Marketers must establish pricing strategies that are compatible with the rest of the marketing mix. Management should decide whether to charge the same price to all similar buyers of identical quantities of a product (a one-price strategy) or to set different prices (a flexible price strategy). Many organizations, especially retai...

  8. PRICE AND PRICING STRATEGIES

    OpenAIRE

    Titus SUCIU

    2013-01-01

    In individual companies, price is one significant factor in achieving marketing success. In many purchase situations, price can be of great importance to customers. Marketers must establish pricing strategies that are compatible with the rest of the marketing mix. Management should decide whether to charge the same price to all similar buyers of identical quantities of a product (a one-price strategy) or to set different prices (a flexible price strategy). Many organizations, especially retai...

  9. Optimal Operation of Combined Heat and Power System Based on Forecasted Energy Prices in Real-Time Markets

    Directory of Open Access Journals (Sweden)

    Chenghong Gu

    2015-12-01

    Full Text Available This paper develops a discrete operation optimization model for combined heat and powers (CHPs in deregulated energy markets to maximize owners’ profits, where energy price forecasting is included. First, a single input and multi-output (SIMO model for typical CHPs is established, considering the varying ratio between heat and electricity outputs at different loading levels. Then, the energy prices are forecasted with a gray forecasting model and revised in real-time based on the actual prices by using the least squares method. At last, a discrete optimization model and corresponding dynamic programming algorithm are developed to design the optimal operation strategies for CHPs in real-time. Based on the forecasted prices, the potential operating strategy which may produce the maximum profits is pre-developed. Dynamic modification is then conducted to adjust the pre-developed operating strategy after the actual prices are known. The proposed method is implemented on a 1 MW CHP on a typical day. Results show the optimized profits comply well with those derived from real-time prices after considering dynamic modification process.

  10. Energy prices and public policy: Back to the future...not!

    Energy Technology Data Exchange (ETDEWEB)

    Bonenberger, T. [Amoco Corp., Chicago, IL (United States)

    1996-12-31

    This paper supports the position that industrial restructurings, in general, are appropriate and should be further implemented to completion. A review of the development, growth, and restructuring of the natural gas industry in the U.S. is presented to support this position. The review shows that transition to a market-based discipline is sufficiently facilitated and/or complemented by marketing innovations, technological developments, and market-based risk management tools to alleviate concerns that markets may not work as envisioned. Policy makers are encouraged to accommodate seasonal and regional energy price fluctuations without interdicting energy supply with the view that the marketplace will appropriately respons to such temporary phenomena. 7 figs., 11 tabs.

  11. Prices and Price Setting

    NARCIS (Netherlands)

    R.P. Faber (Riemer)

    2010-01-01

    textabstractThis thesis studies price data and tries to unravel the underlying economic processes of why firms have chosen these prices. It focuses on three aspects of price setting. First, it studies whether the existence of a suggested price has a coordinating effect on the prices of firms. Second

  12. Formation of the metal and energy-carrier price clusters on the world market of nonferrous metals in the postcrisis period

    Science.gov (United States)

    Bogdanov, S. V.; Shevelev, I. M.; Chernyi, S. A.

    2016-06-01

    The laws of formation of price clusters are revealed upon statistical processing of the data on changing the quotation prices of nonferrous and precious metals, oil, black oil, gasoline, and natural gas in the postcrisis period from January 1, 2009 to November 1, 2013. It is found that the metal prices entering in the price cluster of nonferrous metals most strongly affect the formation of the nonferrous metal price and that the prices of precious metals and energy carriers correct the exchange price of the metal to some extent but do not determine its formation. Equations are derived to calculate the prices. The results of calculation by these equations agree well with the real nonferrous metal prices in the near future.

  13. Charging Scheduling of Electric Vehicles with Local Renewable Energy under Uncertain Electric Vehicle Arrival and Grid Power Price

    OpenAIRE

    Zhang, Tian; Chen, Wei; Han, Zhu; Cao, Zhigang

    2013-01-01

    In the paper, we consider delay-optimal charging scheduling of the electric vehicles (EVs) at a charging station with multiple charge points. The charging station is equipped with renewable energy generation devices and can also buy energy from power grid. The uncertainty of the EV arrival, the intermittence of the renewable energy, and the variation of the grid power price are taken into account and described as independent Markov processes. Meanwhile, the charging energy for each EV is rand...

  14. An Analysis of the Effects of Photovoltaic Energy Systems on Residential Selling Prices in California.

    Energy Technology Data Exchange (ETDEWEB)

    Cappers, Peter; Wiser, Ryan; Thayer, Mark; Hoen, Ben

    2011-04-12

    An increasing number of homes with existing photovoltaic (PV) energy systems have sold in the U.S., yet relatively little research exists that estimates the marginal impacts of those PV systems on the sales price. A clearer understanding of these effects might influence the decisions of homeowners, home buyers and PV home builders. This research analyzes a large dataset of California homes that sold from 2000 through mid-2009 with PV installed. Across a large number of hedonic and repeat sales model specifications and robustness tests, the analysis finds strong evidence that homes with PV systems sold for a premium over comparable homes without. The effects range, on average, from approximately $3.9 to $6.4 per installed watt (DC), with most models coalescing near $5.5/watt, which corresponds to a premium of approximately $17,000 for a 3,100 watt system. The research also shows that, as PV systems age, the premium enjoyed at the time of home sale decreases. Additionally, existing homes with PV systems are found to have commanded a larger sales price premium than new homes with similarly sized PV systems. Reasons for this discrepancy are suggested, yet further research is warranted in this area as well as a number of other areas that are highlighted.

  15. The Future of Hydropower: Assessing the Impacts of Climate Change, Energy Prices and New Storage Technologies

    Science.gov (United States)

    Gaudard, Ludovic; Madani, Kaveh; Romerio, Franco

    2016-04-01

    The future of hydropower depends on various drivers, and in particular on climate change, electricity market evolution and innovation in new storage technologies. Their impacts on the power plants' profitability can widely differ in regards of scale, timing, and probability of occurrence. In this respect, the risk should not be expressed only in terms of expected revenue, but also of uncertainty. These two aspects must be considered to assess the future of hydropower. This presentation discusses the impacts of climate change, electricity market volatility and competing energy storage's technologies and quantifies them in terms of annual revenue. Our simulations integrate a glacio-hydrological model (GERM) with various electricity market data and models (mean reversion and jump diffusion). The medium (2020-50) and long-term (2070-2100) are considered thanks to various greenhouse gas scenarios (A1B, A2 and RCP3PD) and the stochastic approach for the electricity prices. An algorithm named "threshold acceptance" is used to optimize the reservoir operations. The impacts' scale, and the related uncertainties are presented for Mauvoisin, which is a storage-hydropower plant situated in the Swiss Alps, and two generic pure pumped-storage installations, which are assessed with the prices of 17 European electricity markets. The discussion will highlight the key differences between the impacts brought about by the drivers.

  16. Essays on Energy and Climate Policy - Green Certificates, Emissions Trading and Electricity Prices

    Energy Technology Data Exchange (ETDEWEB)

    Widerberg, Anna

    2011-05-15

    Paper I: An Electricity Trading System with Tradable Green Certificates and CO{sub 2}-emission Allowances Combinations of various policy instruments to deal with the threat of climate change are used throughout the world. The aim of this article is to investigate an electricity market with two different policy instruments, Tradable Green Certificates (TGCs) and CO{sub 2} emission allowances (an Emission Trading System, ETS). We analyze both the short- and long-run effects of a domestic market and a market ... more with trade. We find that increasing the TGC quota obligation will decrease the electricity produced using non-renewable sources as well as the long-run total production of electricity. For the electricity produced using renewable energy sources, an increase in the quota obligation leads to increased production in almost all cases, with assumptions based on historical data. The impacts of the ETS price on the electricity production are negative for all electricity production, which is surprising. This means that the combination of ETS and TGCs gives unexpected and unwanted results for the electricity production using renewable sources, since an increase in the ETS price leads to a decrease in this production. Paper II: The Impact of the EU Emissions Trading System on CO{sub 2} Intensity in Electricity Generation The primary objective of EU Emissions Trading System (EU ETS) is to reduce CO{sub 2} emissions. We study the effect of the EU ETS on CO{sub 2} intensity of Swedish electricity generation, using an econometric time series analysis on weekly data for the period 2004-2008. We control for effects of other input prices and hydropower reservoir levels. Our results do not indicate any link between the price of EU ETS and the CO{sub 2} intensity. The most likely reasons to explain this is that emission reductions are generally cheaper in other sectors and that other determinants of fossil fuel use diminish the effects of the EU ETS. Paper III: Attitudes to

  17. Price elasticity of the demand for soft drinks, other sugar-sweetened beverages and energy dense food in Chile.

    Science.gov (United States)

    Guerrero-López, Carlos M; Unar-Munguía, Mishel; Colchero, M Arantxa

    2017-02-10

    Chile is the second world's largest per capita consumer of caloric beverages. Caloric beverages are associated with overweight, obesity and other chronic diseases. The objective of this study is to estimate the price elasticity of demand for soft drinks, other sugar-sweetened beverages and high-energy dense foods in urban areas in Chile in order to evaluate the potential response of households' consumption to changes in prices. We used microdata from the VII Family Budget Survey 2012-2013, which collects information on expenditures made by Chilean urban households on items such as beverages and foods. We estimated a Linear Approximation of an Almost Ideal Demand System Model to derive own and cross price elasticities of milk, coffee, tea and other infusions, plain water, soft drinks, other flavored beverages, sweet snacks, sugar and honey, and desserts. We considered the censored nature of the data and included the Inverse Mills Ratio in each equation of the demand system. We estimated a Quadratic Almost Ideal Demand System and a two-part model as sensitivity analysis. We found an own price-elasticity of -1.37 for soft drinks. This implies that a price increase of 10% is associated with a reduction in consumption of 13.7%. We found that the rest of food and beverages included in the demand system behave as substitutes for soft drinks. For instance, plain water showed a cross-price elasticity of 0.63: a 10% increase in price of soft drinks could lead to an increase of 6.3% of plain water. Own and cross price elasticities were similar between models. The demand of soft drinks is price sensitive among Chilean households. An incentive system such as subsidies to non-sweetened beverages and tax to soft drinks could lead to increases in the substitutions for other healthier beverages.

  18. Studies of Carbon Emissions Permit Prices Impacting on China's Energy Prices and Price Fluctuations%碳排放权价格对我国能源价格及物价波动的影响研究

    Institute of Scientific and Technical Information of China (English)

    钟世和; 曾小春

    2014-01-01

    以2003年1月—2012年8月芝加哥环境交易所碳价格月度数据为样本,采用VAR模型、脉冲响应及方差分解等方法,探讨碳价波动对我国能源价格及消费者物价指数( CPI)波动的影响。结果表明:碳价波动构成我国能源价格波动的原因,但对CPI影响较小。研究结果为我国政府和企业参与2013—2020年第二期碳减排承诺期碳交易提供了理论基础,防止碳价波动对我国实体经济产生负面影响,并提出了利用碳排放交易促进我国实体经济发展、推进经济结构调整的政策建议。%Adopting VAR modeL,impuLse response and variance decomposition methods,the paper discusses the infLuence of carbon price fLuctuations to China's energy prices and consumer price index( CPI),based on the sampLe of carbon price monthLy data of Chicago environmentaL exchange between August 2012 -January 2003. The resuLt shows that the carbon price fLuctuations constitute the reason of China's energy price voLatiLity but Less impact on the CPI. The resuLt provides a theoreticaL basis for the Chinese government and enterprises to participate in the 2013 -2020,the second phase carbon trading in carbon reduction commitment period, and prevents a negative impact of carbon price fLuctuation on China's reaL economy,and puts forward the poLi-cy proposaL by using carbon emissions trading to promote China's reaL economy deveLopment and boost the eco-nomic structure adjustment.

  19. 18 CFR Appendix A 1 to Part 281 - Comparison of Selected Fuel Price Data, FPC Form No. 423 Versus Monthly Energy Review, 1976...

    Science.gov (United States)

    2010-04-01

    ... Fuel Price Data, FPC Form No. 423 Versus Monthly Energy Review, 1976-January 1980 A Appendix A 1 to... Selected Fuel Price Data, FPC Form No. 423 Versus Monthly Energy Review, 1976—January 1980 1 As reported in DOE/EIA Energy Data Report entitled Cost and Quality of Fuels for Electric Utility Plants...

  20. Do Photovoltaic Energy Systems Effect Residential Selling Prices? Results from a California Statewide Investigation.

    Energy Technology Data Exchange (ETDEWEB)

    Hoen, Ben; Cappers, Pete; Wiser, Ryan; Thayer, Mark

    2011-04-12

    An increasing number of homes in the U.S. have sold with photovoltaic (PV) energy systems installed at the time of sale, yet relatively little research exists that provides estimates of the marginal impacts of those PV systems on home sale prices. This research analyzes a large dataset of California homes that sold from 2000 through mid-2009 with PV installed. We find strong evidence that homes with PV systems sold for a premium over comparable homes without PV systems during this time frame. Estimates for this premium expressed in dollars per watt of installed PV range, from roughly $4 to $6.4/watt across the full dataset, to approximately $2.3/watt for new homes, to more than $6/watt for existing homes. A number of ideas for further research are suggested.

  1. Optimal policies for simultaneous energy consumption and ancillary service provision for flexible loads under stochastic prices and no capacity reservation constraint

    Science.gov (United States)

    Kefayati, Mahdi; Baldick, Ross

    2015-07-01

    Flexible loads, i.e. the loads whose power trajectory is not bound to a specific one, constitute a sizable portion of current and future electric demand. This flexibility can be used to improve the performance of the grid, should the right incentives be in place. In this paper, we consider the optimal decision making problem faced by a flexible load, demanding a certain amount of energy over its availability period, subject to rate constraints. The load is also capable of providing ancillary services (AS) by decreasing or increasing its consumption in response to signals from the independent system operator (ISO). Under arbitrarily distributed and correlated Markovian energy and AS prices, we obtain the optimal policy for minimising expected total cost, which includes cost of energy and benefits from AS provision, assuming no capacity reservation requirement for AS provision. We also prove that the optimal policy has a multi-threshold form and can be computed, stored and operated efficiently. We further study the effectiveness of our proposed optimal policy and its impact on the grid. We show that, while optimal simultaneous consumption and AS provision under real-time stochastic prices are achievable with acceptable computational burden, the impact of adopting such real-time pricing schemes on the network might not be as good as suggested by the majority of the existing literature. In fact, we show that such price responsive loads are likely to induce peak-to-average ratios much more than what is observed in the current distribution networks and adversely affect the grid.

  2. Relationship between financial speculation and food prices or price volatility: applying the principles of evidence-based medicine to current debates in Germany.

    Science.gov (United States)

    Bozorgmehr, Kayvan; Gabrysch, Sabine; Müller, Olaf; Neuhann, Florian; Jordan, Irmgard; Knipper, Michael; Razum, Oliver

    2013-10-16

    There is an unresolved debate about the potential effects of financial speculation on food prices and price volatility. Germany's largest financial institution and leading global investment bank recently decided to continue investing in agricultural commodities, stating that there is little empirical evidence to support the notion that the growth of agricultural-based financial products has caused price increases or volatility. The statement is supported by a recently published literature review, which concludes that financial speculation does not have an adverse effect on the functioning of the agricultural commodities market. As public health professionals concerned with global food insecurity, we have appraised the methodological quality of the review using a validated and reliable appraisal tool. The appraisal revealed major shortcomings in the methodological quality of the review. These were particularly related to intransparencies in the search strategy and in the selection/presentation of studies and findings; the neglect of the possibility of publication bias; a lack of objective or rigorous criteria for assessing the scientific quality of included studies and for the formulation of conclusions. Based on the results of our appraisal, we conclude that it is not justified to reject the hypothesis that financial speculation might have adverse effects on food prices/price volatility. We hope to initiate reflections about scientific standards beyond the boundaries of disciplines and call for high quality, rigorous systematic reviews on the effects of financial speculation on food prices or price volatility.

  3. Current Global Pricing For Human Papillomavirus Vaccines Brings The Greatest Economic Benefits To Rich Countries.

    Science.gov (United States)

    Herlihy, Niamh; Hutubessy, Raymond; Jit, Mark

    2016-02-01

    Vaccinating females against human papillomavirus (HPV) prior to the debut of sexual activity is an effective way to prevent cervical cancer, yet vaccine uptake in low- and middle-income countries has been hindered by high vaccine prices. We created an economic model to estimate the distribution of the economic surplus-the sum of all health and economic benefits of a vaccine, minus the costs of development, production, and distribution-among different country income groups and manufacturers for a cohort of twelve-year-old females in 2012. We found that manufacturers may have received economic returns worth five times their original investment in HPV vaccine development. High-income countries gained the greatest economic surplus of any income category, realizing over five times more economic value per vaccinated female than low-income countries did. Subsidizing vaccine prices in low- and middle-income countries could both reduce financial barriers to vaccine adoption and still allow high-income countries to retain their economic surpluses and manufacturers to retain their profits.

  4. Pricing and Inventory Control Strategy for a Periodic-Review Energy Buy-Back System

    Institute of Scientific and Technical Information of China (English)

    ZHANG Jihong; CHEN Hongqiao; DING Xiaosong; LI Xian

    2016-01-01

    Along with the rapid development of economics and enhancement of industrialization,the power demand keeps rising and frequently creates mismatch between demand and supply in electricity.This provides miscellaneous energy buy-back programs with great opportunities.Such programs,when activated,offer certain amount of financial compensations to participants for reducing their energy consumption during peak time.They aim at encouraging participants to shift their electricity usage from peak to non-peak time,and thereby release the demand pressure during peak time.This paper considers a periodic-review joint pricing and inventory decision model under an energy buy-back program over finite planning horizons,in which the compensation levels,setup cost and additive random demand function are incorporated.The objective is to maximize a manufacturer's expected total profit.By using Veinott's conditions,it is shown that the manufacturer's optimal decision is a state dependent (s,S,P) policy under a peak market condition,or partly an (s,S,A,P) policy under the normal market condition.

  5. Returns on investments in energy-saving technologies under energy price uncertainty in Dutch greenhouse horticulture

    NARCIS (Netherlands)

    Diederen, P.J.M.; Tongeren, van F.W.; Veen, van der H.B.

    2003-01-01

    Conventional net present value calculations evaluating the profitability of investments in energy-saving technologies in Dutch horticultural outlays predict a much higher rate of adoption of these technologies than is actually observed. This paper tries to explain this gap by applying a real options

  6. Energy prices will play an important role in determining global land use in the twenty first century

    Science.gov (United States)

    Steinbuks, Jevgenijs; Hertel, Thomas W.

    2013-03-01

    Global land use research to date has focused on quantifying uncertainty effects of three major drivers affecting competition for land: the uncertainty in energy and climate policies affecting competition between food and biofuels, the uncertainty of climate impacts on agriculture and forestry, and the uncertainty in the underlying technological progress driving efficiency of food, bioenergy and timber production. The market uncertainty in fossil fuel prices has received relatively less attention in the global land use literature. Petroleum and natural gas prices affect both the competitiveness of biofuels and the cost of nitrogen fertilizers. High prices put significant pressure on global land supply and greenhouse gas emissions from terrestrial systems, while low prices can moderate demands for cropland. The goal of this letter is to assess and compare the effects of these core uncertainties on the optimal profile for global land use and land-based GHG emissions over the coming century. The model that we develop integrates distinct strands of agronomic, biophysical and economic literature into a single, intertemporally consistent, analytical framework, at global scale. Our analysis accounts for the value of land-based services in the production of food, first- and second-generation biofuels, timber, forest carbon and biodiversity. We find that long-term uncertainty in energy prices dominates the climate impacts and climate policy uncertainties emphasized in prior research on global land use.

  7. Energy price control. An investigation of the price regulations at different energy markets under the energy industry law, German law, European law and under the general civil law; Energiepreiskontrolle. Eine Untersuchung der Entgeltkontrolle auf den verschiedenen Energiemaerkten nach Energiewirtschaftsrecht, deutschem und europaeischem Wettbewerbsbeschraenkungsrecht und allgemeinem Zivilrecht

    Energy Technology Data Exchange (ETDEWEB)

    Karb, Manuel

    2011-07-01

    The book under consideration reports on the price controls at the electricity and gas markets under the energy industry law, German law, European law and under the general civil law. The price control should be pursued with caution with respect to the desired competition in the energy markets.

  8. Energy-conserving development regulations: current practice

    Energy Technology Data Exchange (ETDEWEB)

    1980-05-01

    Almost every aspect of land development has an effect on energy use, from minute architectural details to broad considerations of urban density. Energy-efficiency depends in part on how development is planned and carried out. Conventional development regulations, such as zoning ordinances and subdivision regulations, can be adapted in many ways to promote energy conservation at the community level. This report is about energy-efficient site and neighborhood design. It examines recent experiences of local governments that have adopted new development regulations or amended existing ones to promote energy conservation, more efficient generation and distribution, or a switch to alternative, renewable sources. Although much has been written in recent years about saving energy through community design, actual experience in applying these new ideas is still limited. To date, most communities have focused their efforts on studying the problem, documenting consumption patterns, and writing reports and plans. Only a handful have amended their land-use controls for the express purpose of saving energy. This study identifies 13 of these pioneering communities, after undertaking a survey of over 1400 local, regional, and state planning agencies. It takes a look at their experiences, to learn what has been done, how well it has worked, and what problems have been encountered.

  9. A co-integration analysis of the price and income elasticities of energy demand in Turkish agriculture

    Energy Technology Data Exchange (ETDEWEB)

    Tuerkekul, Berna, E-mail: berna.turkekul@ege.edu.t [Department of Agricultural Economics, Faculty of Agriculture, Ege University, 35100 Izmir (Turkey); Unakitan, Goekhan, E-mail: unakitan@nku.edu.t [Department of Agricultural Economics, Faculty of Agriculture, Namik Kemal University, Tekirdag (Turkey)

    2011-05-15

    Agriculture has an important role in every country's development. Particularly, the contribution of agriculture to development and competitiveness is increasing with agricultural productivity growth. Productivity, in turn, is closely associated with direct and indirect use of energy as an input. Therefore, the importance of energy in agriculture cannot be denied as one of the basic inputs to the economic growth process. Following the importance of energy in Turkish agriculture, this study aims to estimate the long- and short-run relationship of energy consumption, agricultural GDP, and energy prices via co-integration and error correction (ECM) analysis. Annual data from 1970 to 2008 for diesel and electricity consumptions are utilized to estimate long-run and short-run elasticities. According to ECM analysis, for the diesel demand model, the long-run income and price elasticities were calculated as 1.47 and -0.38, respectively. For the electricity demand model, income and price elasticities were calculated at 0.19 and -0.72, respectively, in the long run. Briefly, in Turkey, support for energy use in agriculture should be continued in order to ensure sustainability in agriculture, increase competitiveness in international markets, and balance farmers' income. - Research highlights: {yields} We estimate the long and short run elasticities for diesel and electricity demands in agriculture. {yields} The long-run income and price elasticities calculated as 1.47 and 0.38, respectively for diesel. {yields} The long run Income and price elasticities calculated as 0.19 and 0.72 for electricity.

  10. Study on Spillover Effect of Energy Price Volatility in China and Abroad%国内外能源价格波动溢出效应研究

    Institute of Scientific and Technical Information of China (English)

    王世进

    2013-01-01

    As China's energy consumption is increasingly depending on the international market, price fluctuations in international energy have a significant impact on China' s economic development and the security and sustainable development of China's energy industry. There has been little research on the mutual influence between international energy prices and Chinese domestic energy prices. Based on the Granger causality tests, VAR and DCC-GARCH models, we analyze the influence of international energy price vibration on Chinese energy prices using relevant data and fuels and power purchasing price index. We found a long-running equilibrium relationship and volatility spillover effect between international energy prices and Chinese energy prices, and one-way price leading relationship exists between both in the short term. With the rapid development of China's energy industry and innovation and market development of energy derivatives, demand for energy price hedging instruments in domestic energy industry will become more urgent. Borrowing from international models, China will be able to firmly grasp the energy pricing right to maintain the secure development of its energy industry and speed up the rapid integration of China's energy pricing mechanism with the international energy market. This approach will better reflect the demands of China's energy market and effectively guarantee the healthy and orderly development of China's energy industry and stable economic development. We conclude by suggesting energy legislation, energy cooperation with consumption countries, and the promotion of an energy derivatives futures market in order to maintain the healthy development of the energy industry.%本文利用相关数据及燃料、动力类购进价格指数,运用Granger因果检验,VAR和DCC-GARCH模型,分析了国际能源价格波动对我国能源价格平衡的影响.通过研究,表明国际能源价格与我国能源价格间存在长期的稳定协整关系和双

  11. Taxation and the asymmetric adjustment of selected retail energy prices in the UK

    OpenAIRE

    Shin, Yongcheol; Greenwood-Nimmo, Matthew

    2013-01-01

    This paper investigates the adjustment of the prices of four key petroleum products in the UK following changes in the price of crude oil. We find significant evidence that the pre-tax prices of diesel, kerosene and gas oil adjust more rapidly in an upward than a downward direction but that the pre-tax price of unleaded petrol adjusts symmetrically. However, these patterns are obscured at the pump once one accounts for fuel duty and value added tax, raising the possibility that firms can use ...

  12. A TOU Pricing Mechanism to Promote Renewable Energy Consumption: The Case of the Western Inner Mongolia Grid in China

    OpenAIRE

    Yong-xiu He; Yue-xia Pang; Jie Guan

    2017-01-01

    The curtailment of wind power and photovoltaic power is becoming increasingly serious from the year 2012 to present in China. And the small installed capacity captive coal-fired power plants have been developed rapidly aiming to cut production costs. Therefore, by the substitution of renewable energy for captive coal-fired power plants, this paper establishes a time-of-use (TOU) pricing mechanism with a linkage between the supply side and the demand side to promote renewable energy consumptio...

  13. Can Tidal Current Energy Provide Base Load?

    Directory of Open Access Journals (Sweden)

    Simone Giorgi

    2013-06-01

    Full Text Available Tidal energy belongs to the class of intermittent but predictable renewable energy sources. In this paper, we consider a compact set of geographically diverse locations, which have been assessed to have significant tidal stream energy, and attempt to find the degree to which the resource in each location should be exploited so that the aggregate power from all locations has a low variance. An important characteristic of the locations chosen is that there is a good spread in the peak tidal flow times, though the geographical spread is relatively small. We assume that the locations, all on the island of Ireland, can be connected together and also assume a modular set of tidal turbines. We employ multi-objective optimisation to simultaneously minimise variance, maximise mean power and maximise minimum power. A Pareto front of optimal solutions in the form of a set of coefficients determining the degree of tidal energy penetration in each location is generated using a genetic algorithm. While for the example chosen the total mean power generated is not great (circa 100 MW, the case study demonstrated a methodology that can be applied to other location sets that exhibit similar delays between peak tidal flow times.

  14. Early Warning Model for Energy Price Ratio%能源比价风险预警研究

    Institute of Scientific and Technical Information of China (English)

    何永秀; 董振; 张娜; 朱梦舟; 何海英

    2012-01-01

    伴随着我国经济的高速发展,其能源需求不断增加,能源市场化程度越来越高,所面临的风险也越来越大。而我国目前的能源价格风险预警主要针对单个价格,对能源比价预警的研究很少。首先基于时差相关分析法、Granger因果关系检验法及协整关系检验法,建立了原油、煤炭、天然气、成品油、电力这五种能源的价格风险指标体系;其次从能源价格比价结构的角度,通过计算能源比价的变异系数及波动系数遴选了做预警的时间序列;然后基于CGE模型及能源比价的风险分布得出了能源比价的合理范围,并划分了相应的警度区间,提出了能源比价预警响应机制;最后分析了2012年我国能源比价的警度,得出汽油与原油比价、居民天然气与原油比价、工业用电与原油比价、居民用电与原油比价、天然气与煤比价、电与煤比价不合理情况严重;同时,柴油与原油比价存在较大的风险,需要重点关注。%With the rapid economic development in China,energy demand increases greatly and energy becomes more marketized and its risks grows.At present,the early warning for energy price risk focuses on individual energy price, with less attention to price ratio risk.Therefore,based on time difference cross correlation analysis,Granger causality test and co-integration test,this paper firstly constructs the price risk index system for the five energy resources: crude oil,coal,nature gas,product oil and electricity.Secondly,select the time series suitable to perform early warning by calculating the variation coefficient of energy price ratio from the perspective of energy price ratio structure. Thirdly,estimate the reasonable price ratio range based on CGE model and risk distribution,classify the corresponding warning degree and propose the early warning response mechanism.Finally,analyze the warning degree of energy price ratio in 2012,and point out the

  15. Exploring the impact of co-varying water availability and energy price on productivity and profitability of Alpine hydropower

    Science.gov (United States)

    Anghileri, Daniela; Botter, Martina; Castelletti, Andrea; Burlando, Paolo

    2016-04-01

    Alpine hydropower systems are experiencing dramatic changes both from the point of view of hydrological conditions, e.g., water availability and frequency of extremes events, and of energy market conditions, e.g., partial or total liberalization of the market and increasing share of renewable power sources. Scientific literature has, so far, mostly focused on the analysis of climate change impacts and associated uncertainty on hydropower operation, underlooking the consequences that socio-economic changes, e.g., energy demand and/or price changes, can have on hydropower productivity and profitability. In this work, we analyse how hydropower reservoir operation is affected by changes in both water availability and energy price. We consider stochastically downscaled climate change scenarios of precipitation and temperature to simulate reservoir inflows using a physically explicit hydrological model. We consider different scenarios of energy demand and generation mix to simulate energy prices using an electricity market model, which includes different generation sources, demand sinks, and features of the transmission lines. We then use Multi-Objective optimization techniques to design the operation of hydropower reservoirs for different purposes, e.g. maximization of revenue and/or energy production. The objective of the work is to assess how the tradeoffs between the multiple operating objectives evolve under different co-varying climate change and socio-economic scenarios and to assess the adaptive capacity of the system. The modeling framework is tested on the real-world case study of the Mattmark reservoir in Switzerland.

  16. Renewable energy and negative externalities: the effect of wind turbines on house prices

    NARCIS (Netherlands)

    Dröes, M.I.; Koster, H.R.A.

    2014-01-01

    In many countries, wind turbines are constructed as part of a strategy to reduce dependence on fossil fuels. In this paper, we measure the external effect of wind turbines on the transaction prices of nearby houses. A unique house price dataset covering the period 1985-2011 is used, including the ex

  17. Pricing effects on food choices.

    Science.gov (United States)

    French, Simone A

    2003-03-01

    Individual dietary choices are primarily influenced by such considerations as taste, cost, convenience and nutritional value of foods. The current obesity epidemic has been linked to excessive consumption of added sugars and fat, as well as to sedentary lifestyles. Fat and sugar provide dietary energy at very low cost. Food pricing and marketing practices are therefore an essential component of the eating environment. Recent studies have applied economic theories to changing dietary behavior. Price reduction strategies promote the choice of targeted foods by lowering their cost relative to alternative food choices. Two community-based intervention studies used price reductions to promote the increased purchase of targeted foods. The first study examined lower prices and point-of-purchase promotion on sales of lower fat vending machine snacks in 12 work sites and 12 secondary schools. Price reductions of 10%, 25% and 50% on lower fat snacks resulted in an increase in sales of 9%, 39% and 93%, respectively, compared with usual price conditions. The second study examined the impact of a 50% price reduction on fresh fruit and baby carrots in two secondary school cafeterias. Compared with usual price conditions, price reductions resulted in a four-fold increase in fresh fruit sales and a two-fold increase in baby carrot sales. Both studies demonstrate that price reductions are an effective strategy to increase the purchase of more healthful foods in community-based settings such as work sites and schools. Results were generalizable across various food types and populations. Reducing prices on healthful foods is a public health strategy that should be implemented through policy initiatives and industry collaborations.

  18. Price models of electrical energy, via stochastic processes; Modelos de precios de energia electrica, via procesos estocasticos

    Energy Technology Data Exchange (ETDEWEB)

    Hernandez Ramos, Hugo

    2008-12-15

    The electrical energy prices own very particular characteristics that make them different from the prices of any good which are immersed under the fluctuation of the laws of supply and demand. The present work proposes a revision and modification of the model for the prices of electrical energy based on stochastic processes, developed in 2002 by M.T. Barlow. Our model satisfactorily explains the dynamics of the prices, having as an example the case of the energy market of Alberta, CA. The proposed model is based on the power transformation of Yeo-Johnson in 2000, which does not have dominion restrictions. Also, it is assumed that the energy price depends on the demand, which is modeled as a process of Ornstein-Uhlenbeck. The proposed model was applied to real data, obtaining corresponding estimations of the interest parameters, as well as their validation. Also simulation results are shown to determine the empirical distribution of the estimators of maximum credibility of the parameters. [Spanish] Los precios de energia electrica poseen caracteristicas muy particulares que los hacen diferentes a los precios de cualquier bien que estan inmersos bajo la fluctuacion de las leyes de la oferta y la demanda. El presente trabajo propone una revision y modificacion del modelo para los precios de energia electrica basado en procesos estocasticos, desarrollado en 2002 por M. T. Barlow. Nuestro modelo explica satisfactoriamente la dinamica de los precios, teniendo como ejemplo el caso del mercado de energia de Alberta, Ca. El modelo propuesto esta basado en la transformacion potencia de Yeo-Johnson en 2000, la cual no tiene restricciones de dominio. Tambien, se asume que el precio de la energia depende de la demanda, la cual es modelada como un proceso de Ornstein-Uhlenbeck. El modelo propuesto se aplico a datos reales, obteniendo estimaciones correspondientes de los parametros de interes, asi como su validacion. Tambien se muestran resultados de simulacion para determinar la

  19. Effects of the uncertainty of energy price and water availability forecasts on the operation of Alpine hydropower reservoir systems

    Science.gov (United States)

    Anghileri, D.; Castelletti, A.; Burlando, P.

    2016-12-01

    European energy markets have experienced dramatic changes in the last years because of the massive introduction of Variable Renewable Sources (VRSs), such as wind and solar power sources, in the generation portfolios in many countries. VRSs i) are intermittent, i.e., their production is highly variable and only partially predictable, ii) are characterized by no correlation between production and demand, iii) have negligible costs of production, and iv) have been largely subsidized. These features result in lower energy prices, but, at the same time, in increased price volatility, and in network stability issues, which pose a threat to traditional power sources because of smaller incomes and higher maintenance costs associated to a more flexible operation of power systems. Storage hydropower systems play an important role in compensating production peaks, both in term of excess and shortage of energy. Traditionally, most of the research effort in hydropower reservoir operation has focused on modeling and forecasting reservoir inflow as well as designing reservoir operation accordingly. Nowadays, price variability may be the largest source of uncertainty in the context of hydropower systems, especially when considering medium-to-large reservoirs, whose storage can easily buffer small inflow fluctuations. In this work, we compare the effects of uncertain inflow and energy price forecasts on hydropower production and profitability. By adding noise to historic inflow and price trajectories, we build a set of synthetic forecasts corresponding to different levels of predictability and assess their impact on reservoir operating policies and performances. The study is conducted on different hydropower systems, including storage systems and pumped-storage systems, with different characteristics, e.g., different inflow-capacity ratios. The analysis focuses on Alpine hydropower systems where the hydrological regime ranges from purely ice and snow-melt dominated to mixed snow

  20. Consequences of a price incentive on free riding and electric energy consumption.

    Science.gov (United States)

    Elinder, Mikael; Escobar, Sebastian; Petré, Ingel

    2017-03-21

    This article shows that a simple monetary incentive can dramatically reduce electric energy consumption (EEC) in the residential sector and simultaneously achieve a more desirable allocation of EEC costs. The analyses are based on data from a policy experiment conducted in 2011 and 2012 by a private housing company in about 1,800 apartments. Roughly 800 of the tenants (treatment group) were subject to a change from having unlimited EEC included in their rent to having to pay the market price for their own EEC. This change was achieved by installing EEC meters in each apartment. Tenants in the other 1,000 apartments (control group) experienced no policy change and were subject to apartment-level billing and metering during the entire study period. Using a quasiexperimental research design and daily data on EEC from 2007 to 2015, we estimate that apartment-level billing and metering permanently reduce EEC by about 25%. Moreover, we show that households reduce EEC immediately after being informed that they will be billed for EEC, the reduction is larger when the production cost is higher, and the reduction in EEC comes almost exclusively from households with very high EEC before the policy change. Finally, we show that apartment-level billing and metering are cost-effective, with a cost per reduced kilowatt hour of US$0.01, and for each invested dollar, the social value of reductions in air pollution, including CO2 emissions, is $2.

  1. Consequences of a price incentive on free riding and electric energy consumption

    Science.gov (United States)

    Elinder, Mikael; Escobar, Sebastian; Petré, Ingel

    2017-01-01

    This article shows that a simple monetary incentive can dramatically reduce electric energy consumption (EEC) in the residential sector and simultaneously achieve a more desirable allocation of EEC costs. The analyses are based on data from a policy experiment conducted in 2011 and 2012 by a private housing company in about 1,800 apartments. Roughly 800 of the tenants (treatment group) were subject to a change from having unlimited EEC included in their rent to having to pay the market price for their own EEC. This change was achieved by installing EEC meters in each apartment. Tenants in the other 1,000 apartments (control group) experienced no policy change and were subject to apartment-level billing and metering during the entire study period. Using a quasiexperimental research design and daily data on EEC from 2007 to 2015, we estimate that apartment-level billing and metering permanently reduce EEC by about 25%. Moreover, we show that households reduce EEC immediately after being informed that they will be billed for EEC, the reduction is larger when the production cost is higher, and the reduction in EEC comes almost exclusively from households with very high EEC before the policy change. Finally, we show that apartment-level billing and metering are cost-effective, with a cost per reduced kilowatt hour of US$0.01, and for each invested dollar, the social value of reductions in air pollution, including CO2 emissions, is $2. PMID:28265092

  2. Renewable Energy Prices in State-Level Feed-in Tariffs: Federal Law Constraints and Possible Solutions

    Energy Technology Data Exchange (ETDEWEB)

    Hempling, S.; Elefant, C.; Cory, K.; Porter, K.

    2010-01-01

    State legislatures and state utility commissions trying to attract renewable energy projects are considering feed-in tariffs, which obligate retail utilities to purchase electricity from renewable producers under standard arrangements specifying prices, terms, and conditions. The use of feed-in tariffs simplifies the purchase process, provides revenue certainty to generators, and reduces the cost of financing generating projects. However, some argue that federal law--including the Public Utility Regulatory Policies Act of 1978 (PURPA) and the Federal Power Act of 1935 (FPA)--constrain state-level feed-in tariffs. This report seeks to reduce the legal uncertainties for states contemplating feed-in tariffs by explaining the constraints imposed by federal statutes. It describes the federal constraints, identifies transaction categories that are free of those constraints, and offers ways for state and federal policymakers to interpret or modify existing law to remove or reduce these constraints. This report proposes ways to revise these federal statutes. It creates a broad working definition of a state-level feed-in tariff. Given this definition, this report concludes there are paths to non-preempted, state-level feed-in tariffs under current federal law.

  3. Evaluating the Relationship between the Population Trends, Prices, Heat Waves, and the Demands of Energy Consumption in Cities

    Directory of Open Access Journals (Sweden)

    Katherine S. Fu

    2015-11-01

    Full Text Available The demands of energy consumption have been projected as a key factor that affects an economy at the city, national, and international level. Contributions to total U.S. greenhouse gas emissions in 2012 by various urban sectors include electricity (31%, transportation (28%, industry (20%, agriculture (10%, and commercial and residential (10%. Yet the heavy demands of energy consumption in the cities by residents, commercial businesses, industries, and transportation are important for maintaining and sustaining sufficient economic growth. The purpose of this study is to investigate the relationships between population trends, historical energy consumptions, the changes of average electricity price, average annual temperature, and extreme weather events for three selected cities: New York, Chicago, and Los Angeles. These cities are exemplary of, metropolitan areas in the East, Middle, and the Western regions of the U.S. We find that the total energy consumptions of New York, Chicago, and Los Angeles are influenced to various degrees by changes in population, temperature and the average price of electricity and that only one city, Los Angeles, does price significantly affect electricity use. This finding has implications for policy making, suggesting that each city’s climate, size and general economic priorities must be considered in developing climate change mitigation strategies and incentives.

  4. Energy in Sweden 1996

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    1996-09-01

    Statistical data on energy supply and consumption are presented, together with information on the current energy situation, developments in energy use and supply, prices and environmental data. The international energy and environmental situation is also treated. 31 figs

  5. Optimal Static Hedging of Energy Price and Volume Risk: Closed-Form Results

    OpenAIRE

    Pantoja, Javier; Roncoroni, Andrea; Id Brik, Rachid

    2012-01-01

    As an extension of the VaR-constrained hedging, we propose a closed-form solution to the problem of optimizing portfolios, based on price and weather. For electric power companies, price and quantity are volatile, and in hydro-electricity generation quantity can be related to weather conditions. An optimum portfolio is derived from expected utility maximization problem, including weather indices to minimize losses. Due to electric power features, agents in this market are facing ...

  6. Modeling prices of wholesale market of electric energy and power by the example of the UPS of the Ural

    Directory of Open Access Journals (Sweden)

    Mokhov V.G.

    2017-01-01

    Full Text Available The article oversees forecasting model for deviations of the balancing market index and day-ahead market index according to the maximum similarity sample for different levels of approximation in the context of positive and negative time-series value. The model was being tested on the factual data of the Integrated Power system of the Ural, Wholesale market for electricity and power of Russian Federation. Describes the price formation on the day-ahead market and the balancing market index. The necessity to use accurate forecasting methods consumption and prices of electrical energy and power to reduce penalties when the electric power industry entities on the energy exchange. The testing of mathematical models to predict the balancing market index deviations and day-ahead market based on a sample of maximum similarity with certain approximation equations for positive and negative values gave the prediction error of 3.3%.

  7. Analysis of carbon mitigation policies. Feed-in tariffs, energy and carbon price interactions and competitive distortions on carbon markets

    Energy Technology Data Exchange (ETDEWEB)

    Reichenbach, Johanna

    2011-07-19

    I study several policy instruments for carbon mitigation with a focus on subsidies for renewable energies, emission taxes and emission allowances. In Chapter 1, I analyze the optimal design and the welfare implications of two policies consisting of an emission tax for conventional fossil-fuel utilities combined with a subsidy for the producers of renewable energy equipment and an emission tax combined with a feed-in tariff for renewable electricity. In Chapter 2 I study the empirical interrelationships between European emission allowance prices and prices for electricity, hard coal and natural gas with an application to portfolio allocation. In Chapters 3 and 4, I discuss several policy-related issues of emissions trading, in particular the potential for market manipulations by firms holding a dominant position in the emission market, the output market or both, and competitive distortions and leakage due to unequal emission regulations across industries, sectors, regions, or countries. (orig.)

  8. Improved Energy-Momentum Currents in Metric-Affine Spacetime

    CERN Document Server

    Hecht, R D; McCrea, J D; Mielke, E W; Ne'eman, Yuval; Hecht, Ralf; Hehl, Friedrich W.; Mielke, Eckehard W.; Ne'eman, Yuval

    1992-01-01

    In Minkowski spacetime it is well-known that the canonical energy-momentum current is involved in the construction of the globally conserved currents of energy-momentum and total angular momentum. For the construction of conserved currents corresponding to (approximate) scale and proper conformal symmetries, however, an improved energy-momentum current is needed. By extending the Minkowskian framework to a genuine metric-affine spacetime, we find that the affine Noether identities and the conformal Killing equations enforce this improvement in a rather natural way. So far, no gravitational dynamics is involved in our construction. The resulting dilation and proper conformal currents are conserved provided the trace of the energy-momentum current satisfies a (mild) scaling relation or even vanishes.

  9. Petroleum Prices, Taxation and Subsidies in India

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    2009-07-01

    The current Indian system of effectively subsidised petroleum product prices has significant implications for the emergence of India as a major global energy consumer, for the integrity of India's Central Government budget and for investment in India's growing oil and petroleum sector. This paper is part one of a broader study that looks at the current system of petroleum pricing and the macroeconomic, microeconomic, regional and global effects of this system.

  10. Entanglement in the XX Spin Chain with Energy Current

    CERN Document Server

    Eisler, V

    2004-01-01

    We consider the ground state of the XX chain which is constrained to carry a current of energy. The von Neumann entropy of a block of $L$ neighboring spins, describing entanglement of the block with the rest of the chain, is computed. Recent calculations have revealed that the entropy in the XX model diverges logarithmically with the size of the subsystem. We show that the presence of the energy current increases the prefactor of the logarithmic growth. This result indicates that the emergence of the energy current gives rise to an increase of entanglement.

  11. A note on the conditional correlation between energy prices: Evidence from future markets

    Energy Technology Data Exchange (ETDEWEB)

    Marzo, Massimiliano [University of Bologna, Department of Economics, 2, Piazza Scaravilli, 40126 Bologna, BO (Italy); Zagaglia, Paolo [Department of Economics, Stockholm University, Universitetsvaegen 10A, 106-91 Stockholm (Sweden)

    2008-09-15

    We model the joint movements of daily returns on one-month futures for crude oil, heating oil and natural gas through the multivariate GARCH with dynamic conditional correlations and elliptical distributions introduced by Pelagatti and Rondena [Pelagatti, M.M., Rondena, S., 2007. 'Dynamic Conditional Correlation with Elliptical Distributions', unpublished manuscript. Universita di Milano - Bicocca, August]. Futures prices of crude and heating oil covary strongly. The conditional correlation between the futures prices of natural gas and crude oil has been rising over the last 5 years. However, this correlation has been low on average over two thirds of the sample, suggesting that future markets have no established tradition of pricing natural gas as a function of developments on oil markets. (author)

  12. Dutch house price fundamentals

    NARCIS (Netherlands)

    Haffner, M.E.A.; de Vries, P.

    2009-01-01

    This paper discusses house price developments in the Netherlands, specifically focussing on the question whether current house prices in the Dutch owner-occupied market are likely to decrease. We analyse three aspects of the question based on a literature review: (1) whether there is a house price b

  13. Dutch house price fundamentals

    NARCIS (Netherlands)

    Haffner, M.E.A.; de Vries, P.

    2009-01-01

    This paper discusses house price developments in the Netherlands, specifically focussing on the question whether current house prices in the Dutch owner-occupied market are likely to decrease. We analyse three aspects of the question based on a literature review: (1) whether there is a house price

  14. The Prices of Secrecy: The Social, Intellectual, and Psychological Costs of Current Assessment Practice. A Report to the Ford Foundation.

    Science.gov (United States)

    Schwartz, Judah L., Ed.; Viator, Katherine A., Ed.

    Problems in accountability assessment are examined from a unique perspective by considering the prices paid as a result of the use of secret tests (tests comprised of items drawn from non-publicly available item banks). This report is a compilation of the following articles: (1) "The Social, Intellectual, and Psychological Prices of…

  15. For Fear of Economic Slowdown,Western Regions Try to Rescue High Energy-consuming Industries like Metals with Preferential Electricity Prices

    Institute of Scientific and Technical Information of China (English)

    2012-01-01

    <正>Shaanxi,Ningxia and some other provinces in the west have adopted preferential electricity price policy for high energy-consuming enterprises or industries,while Gansu and Qinghai are discussing whether to loosen the policy.

  16. Energy and materials conservation: applying pioneering research and techniques to current non-energy materials conservation issues.

    Science.gov (United States)

    Hannon, Bruce

    2013-03-13

    The research of the Energy Research Group (ERG) at the University of Illinois at Urbana-Champaign through the 1970s and early 1980s has recurring bouts of popularity. That research traced the flow of various energy types from nature to the final product or service, using modified economic input-output analysis. That information allowed for a comparison of alternative uses of products and services that delivered the same demand. The goal of the study was to identify the energy-conserving potential of the alternatives. Interest in that research has risen and fallen with the price of energy through three cycles now, with the current interest also encompassing materials conservation. Although the specific numerical results of this work are dated, the process by which the analysis was conducted creates, at least, a suggestion for future analysis in the arena of materials research. A review of the ERG history, including techniques pioneered for investigating the potential for energy conservation and some of the ancillary lessons learned along the way, may be of some use to those working on issues of materials conservation today. In the coming years, the most relevant research will include assessment of the socio-economic-ecological impact of technological materials conservation policies.

  17. High-Current Energy-Recovering Electron Linacs

    Energy Technology Data Exchange (ETDEWEB)

    Nikolitsa Merminga; David Douglas; Geoffrey Krafft

    2003-12-01

    The use of energy recovery provides a potentially powerful new paradigm for generation of the charged particle beams used in synchrotron radiation sources, high-energy electron cooling devices, electron-ion colliders, and other applications in photon science and nuclear and high-energy physics. Energy-recovering electron linear accelerators (called energy-recovering linacs, or ERLs) share many characteristics with ordinary linacs, as their six-dimensional beam phase space is largely determined by electron source properties. However, in common with classic storage rings, ERLs possess a high average-current-carrying capability enabled by the energy recovery process, and thus promise similar efficiencies. The authors discuss the concept of energy recovery and its technical challenges and describe the Jefferson Lab (JLab) Infrared Demonstration Free-Electron Laser (IR Demo FEL), originally driven by a 3548-MeV, 5-mA superconducting radiofrequency (srf) ERL, which provided the most substantial demonstration of energy recovery to date: a beam of 250 kW average power. They present an overview of envisioned ERL applications and a development path to achieving the required performance. They use experimental data obtained at the JLab IR Demo FEL and recent experimental results from CEBAF-ERL GeV-scale, comparatively low-current energy-recovery demonstration at JLab to evaluate the feasibility of the new applications of high-current ERLs, as well as ERLs' limitations and ultimate performance.

  18. The Current Situation of Wind Energy in Turkey

    Directory of Open Access Journals (Sweden)

    Raşit Ata

    2013-01-01

    Full Text Available Wind energy applications and turbine installations at different scales have increased since the beginning of this century. As wind energy is an alternative clean energy source compared to the fossil fuels that pollute the atmosphere, systems that convert wind energy to electricity have developed rapidly. Turkey’s domestic fossil fuel resources are extremely limited. In addition, Turkey’s geographical location has several advantages for extensive use of wind power. In this context, renewable energy resources appear to be one of the most efficient and effective solutions for sustainable energy development and environmental pollution prevention in Turkey. Among the renewable sources, Turkey has very high wind energy potential. According to the Organization for Economic Cooperation and Development (OECD Turkey theoretically has 166 TWh a year of wind potential. However the installed wind power capacity is approximately 14% of total economical wind potential. In this study, Turkey’s installed electric power capacity and electric energy production are investigated and also the current situation of wind energy in Turkey is examined. The wind data used in this study were taken from Turkish Wind Energy Association (TUREB for the year 2012. This paper reviews the assessment of wind energy in Turkey as of the end of July 2012 including wind energy applications.

  19. Energy in Sweden 2000

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    2001-01-01

    Statistical data on supply and consumption of energy are presented together with information on the current energy situation, developments in energy use and supply, prices and environmental data. International aspects are also treated.

  20. Energy in Sweden 1999

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    1999-11-01

    Statistical data on supply and consumption of energy are presented together with information on the current energy situation, developments in energy use and supply, prices and environmental data. International aspects are also treated.

  1. Energy in Sweden 1997

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    1997-09-01

    Statistical data on supply and consumption of energy are presented together with information on the current energy situation, developments in energy use and supply, prices and environmental data. International aspects are also treated

  2. The Influence of a CO2 Pricing Scheme on Distributed Energy Resources in California's Commercial Buildings

    Energy Technology Data Exchange (ETDEWEB)

    Stadler, Michael; Marnay, Chris; Lai, Judy; Cardoso, Goncalo; Megel, Olivier; Siddiqui, Afzal

    2010-06-01

    The Ernest Orlando Lawrence Berkeley National Laboratory (LBNL) is working with the California Energy Commission (CEC) to determine the potential role of commercial-sector distributed energy resources (DER) with combined heat and power (CHP) in greenhouse gas emissions (GHG) reductions. Historically, relatively little attention has been paid to the potential of medium-sized commercial buildings with peak electric loads ranging from 100 kW to 5 MW. In our research, we examine how these medium-sized commercial buildings might implement DER and CHP. The buildings are able to adopt and operate various technologies, e.g., photovoltaics (PV), on-site thermal generation, heat exchangers, solar thermal collectors, absorption chillers, batteries and thermal storage systems. We apply the Distributed Energy Resources Customer Adoption Model (DER-CAM), which is a mixed-integer linear program (MILP) that minimizes a site?s annual energy costs and/or CO2 emissions. Using 138 representative mid-sized commercial sites in California, existing tariffs of major utilities, and expected performance data of available technologies in 2020, we find the GHG reduction potential for these buildings. We compare different policy instruments, e.g., a CO2 pricing scheme or a feed-in tariff (FiT), and show their contributions to the California Air Resources Board (CARB) goals of additional 4 GW CHP capacities and 6.7 Mt/a GHG reduction in California by 2020. By applying different price levels for CO2, we find that there is competition between fuel cells and PV/solar thermal. It is found that the PV/solar thermal adoption increases rapidly, but shows a saturation at high CO2 prices, partly due to limited space for PV and solar thermal. Additionally, we find that large office buildings are good hosts for CHP in general. However, most interesting is the fact that fossil-based CHP adoption also increases with increasing CO2 prices. We will show service territory specific results since the

  3. Charge scheduling of an energy storage system under time-of-use pricing and a demand charge.

    Science.gov (United States)

    Yoon, Yourim; Kim, Yong-Hyuk

    2014-01-01

    A real-coded genetic algorithm is used to schedule the charging of an energy storage system (ESS), operated in tandem with renewable power by an electricity consumer who is subject to time-of-use pricing and a demand charge. Simulations based on load and generation profiles of typical residential customers show that an ESS scheduled by our algorithm can reduce electricity costs by approximately 17%, compared to a system without an ESS and by 8% compared to a scheduling algorithm based on net power.

  4. Offering strategy of a price-maker energy storage system in day-ahead and balancing markets

    DEFF Research Database (Denmark)

    Vespermann, Niklas Peter René Erich; Delikaraoglou, Stefanos; Pinson, Pierre

    2017-01-01

    Energy storage systems (ESS) are considered as a promising solution to improve power system flexibility and facilitate the integration of renewables in electricity markets. This paper investigates the impact of strategic offering by an ESS operator in the day-ahead and balancing market....... The offering strategy of a price-maker ESS operator is formulated as a bilevel model, where the upper-level problem represents the profit maximization of the ESS operator and the lower-level problem simulates the market-clearing outcome. This methodological framework can be used either to assess market...

  5. Energy from Ocean Waves, River Currents, and Wind

    Science.gov (United States)

    Guha, Shyamal

    2006-05-01

    The earth we live in is surrounded by fluids, which are in perpetual motion. There is air in the atmosphere, water in lakes, oceans and rivers. The air and water around us form our natural environment. Much of the fluid medium is in constant motion. The kinetic energy of this moving fluid is astronomical in magnitude. Over the years, I considered methods of converting a fraction of the vast reserve of this kinetic energy into electro-mechanical energy. I conceived a few schemes of such conversion. The fluids whose kinetic energy can be converted into electro-mechanical energy are: ocean waters, river current and atmospheric air. In a book to be published in 2006, I have described different techniques of energy conversion. In the APS meeting, I plan to discuss some of these techniques.

  6. Method and device for current driven electric energy conversion

    DEFF Research Database (Denmark)

    2012-01-01

    configurations such as half bridge buck, full bridge buck, half bridge boost, or full bridge boost. A current driven conversion is advantageous for high efficient energy conversion from current sources such as solar cells or where a voltage source is connected through long cables, e.g. powerline cables for long......Device comprising an electric power converter circuit for converting electric energy. The converter circuit comprises a switch arrangement with two or more controllable electric switches connected in a switching configuration and controlled so as to provide a current drive of electric energy from...... the output from the switch arrangement and designed such that a high impedance at a frequency range below the switching frequency is obtained, seen from the output terminals. Switches implemented by normally-on-devices are preferred, e.g. in the form of a JFET. The converter circuit may be in different...

  7. Dutch house price fundamentals

    OpenAIRE

    Haffner, M.E.A.; De Vries, P.

    2009-01-01

    This paper discusses house price developments in the Netherlands, specifically focussing on the question whether current house prices in the Dutch owner-occupied market are likely to decrease. We analyse three aspects of the question based on a literature review: (1) whether there is a house price bubble ready to burst; (2) whether house prices will decline in response to the credit crisis that started in 2007; and (3) whether it is likely that house prices will decrease as a result of reform...

  8. Return currents and energy transport in the solar flaring atmosphere

    CERN Document Server

    Codispoti, Anna; Piana, Michele; Pinamonti, Nicola

    2013-01-01

    According to a standard ohmic perspective, the injection of accelerated electrons into the flaring region violates local charge equilibrium and therefore, in response, return currents are driven by an electric field to equilibrate such charge violation. In this framework, the energy loss rate associated to these local currents has an ohmic nature and significantly shortens the acceleration electron path. In the present paper we adopt a different viewpoint and, specifically, we study the impact of the background drift velocity on the energy loss rate of accelerated electrons in solar flares. We first utilize the Rutherford cross-section to derive the formula of the energy loss rate when the collisional target has a finite temperature and the background instantaneously and coherently moves up to equilibrate the electron injection. We then use the continuity equation for electrons and imaging spectroscopy data provided by RHESSI to validate this model. Specifically, we show that this new formula for the energy l...

  9. Geothermal Energy Technology: a current-awareness bulletin

    Energy Technology Data Exchange (ETDEWEB)

    Smith, L.B. (ed.)

    1983-01-15

    This bulletin announces on a semimonthly basis the current worldwide information available on the technology required for economic recovery of geothermal energy and its use either directly or for production of electric power. The subject content encompasses: resource status and assessment, geology and hydrology of geothermal systems, geothermal exploration, legal and institutional aspects, economic and final aspects, environmental aspects and waste disposal, by-products, geothermal power plants, geothermal engineering, direct energy utilization, and geothermal data and theory.

  10. Wind Energy Facilities and Residential Properties: The Effect of Proximity and View on Sales Prices

    Energy Technology Data Exchange (ETDEWEB)

    San Diego State University; Bard Center for Environmental Policy at Bard College; Hoen, Ben; Wiser, Ryan; Cappers, Peter; Thayer, Mark; Sethi, Gautam

    2011-06-23

    With increasing numbers of communities considering wind power developments, empirical investigations regarding related community concerns are needed. One such concern is that proximate property values may be adversely affected, yet relatively little research exists on the subject. The present research investigates roughly 7,500 sales of single-family homes surrounding 24 existing U.S. wind facilities. Across four different hedonic models, and a variety of robustness tests, the results are consistent: neither the view of the wind facilities nor the distance of the home to those facilities is found to have a statistically significant effect on sales prices, yet further research is warranted.

  11. Energy use and production, demography and the world-market oil price-influencing twenty years of economic performance and environment degradation in Mexico

    Energy Technology Data Exchange (ETDEWEB)

    Lopez Lemus, Luis Gerardo [SUNY College of Environmental Science & Forestry (United States)

    1997-07-01

    I present a compilation of data describing Mexico's economic performance as it relates to demographic and natural resource characteristics. Statistical correlations suggest that long term economic output and energy efficiency are influenced mostly by human population numbers and fuel consumption rate, although its fluctuations have been clearly driven by those of the world-market oil price throughout 1970-90. Neither energy production, agricultural yield, OPEC's oil price or forest coverage appeared important in determining Mexican GDP response for this 20-year period. Significant relations of these fluctuations were found also in the rates of deforestation, air pollution and agricultural production, being all of these variables seemingly independent of the intrinsic human population growth rate. I discuss how Mexico could bridge the GDP gap with its current Nafta partners from this system-energy perspective. [Spanish] Presento una coleccion de datos que describen el comportamiento de la economia de Mexico relacionado con las caracteristicas demograficas y de sus recursos naturales. Las correlaciones estadisticas sugieren que la produccion economica a largo plazo y la eficiencia de la energia estan influenciadas principalmente por las cifras de poblacion humana y por el regimen de consumo de combustible, si bien sus fluctuaciones han sido claramente impulsadas por los precios del petroleo en mercado mundial a traves de 1970 a 1990. Ni la produccion de energia, el rendimiento agricola, el precio del petroleo de OPEC o la extension de los bosques resultaron importantes en la determinacion de la respuesta del PIB de Mexico para este periodo de 20 anos. Se encontraron relaciones significativas de estas fluctuaciones tambien en los regimenes de deforestacion, contaminacion del aire y produccion agricola, siendo todas esta variables de forma similar independientes de regimen intrinseco del crecimiento de la poblacion humana. Analizo como podria Mexico salvar la

  12. Efficiency of pulse high-current generator energy transfer into plasma liner energy

    Science.gov (United States)

    Oreshkin, V. I.

    2013-08-01

    The efficiency of capacitor-bank energy transfer from a high-current pulse generator into kinetic energy of a plasma liner has been analyzed. The analysis was performed using a model including the circuit equations and equations of the cylindrical shell motion. High efficiency of the energy transfer into kinetic energy of the liner is shown to be achieved only by a low-inductance generator. We considered an "ideal" liner load in which the load current is close to zero in the final of the shell compression. This load provides a high (up to 80%) efficiency of energy transfer and higher stability when compressing the liner.

  13. Feasibility of Tidal and Ocean Current Energy in False Pass, Aleutian Islands, Alaska final report

    Energy Technology Data Exchange (ETDEWEB)

    Wright, Bruce Albert [Aleutian Pribilof Islands Association, Inc., Anchorage, AK (United States)

    2014-05-07

    , the Project Team developed a conceptual tidal energy project design utilizing ORPC’s TidGen® Power System. While the Project Team has not committed to ORPC technology for future development of a False Pass project, this conceptual design was critical to informing the Project’s economic analysis. The results showed that power from a tidal energy project could be provided to the City of False at a rate at or below the cost of diesel generated electricity and sold to commercial customers at rates competitive with current market rates, providing a stable, flat priced, environmentally sound alternative to the diesel generation currently utilized for energy in the community. The Project Team concluded that with additional grants and private investment a tidal energy project at False Pass is well-positioned to be the first tidal energy project to be developed in Alaska, and the first tidal energy project to be interconnected to an isolated micro grid in the world. A viable project will be a model for similar projects in coastal Alaska.

  14. Streaming current of a rotary atomizer for energy harvesting

    NARCIS (Netherlands)

    Nguyen, Trieu; de Boer, Hans L.; Tran, T.; van den Berg, Albert; Eijkel, Jan C.T.; Zengerle, R.

    2013-01-01

    We present the experimental results of an energy conversion system based on a rotary atomizer and the streaming current phenomenon. The advantage of using a rotary atomizer instead of a channel or membrane micropore as in conventional pressure-driven approached is that the centrifugal force exerted

  15. Streaming current of a rotary atomizer for energy harvesting

    NARCIS (Netherlands)

    Nguyen, Trieu; Boer, de H.; Tran, T.; Berg, van den A.; Eijkel, J.C.T.; Zengerle, R.

    2013-01-01

    We present the experimental results of an energy conversion system based on a rotary atomizer and the streaming current phenomenon. The advantage of using a rotary atomizer instead of a channel or membrane micropore as in conventional pressure-driven approached is that the centrifugal force exerted

  16. Energy current loss instability model on a computer

    Science.gov (United States)

    Edighoffer, John A.

    1995-04-01

    The computer program called Energy Stability in a Recirculating Accelerator (ESRA) Free Electron Laser (FEL) has been written to model bunches of particles in longitudinal phase space transversing a recirculating accelerator and the associated rf changes and aperture current losses. This energy-current loss instability was first seen by Los Alamos's FEL group in their energy recovery experiments. This code addresses these stability issues and determines the transport, noise, feedback and other parameters for which these FEL systems are stable or unstable. Two representative systems are modeled, one for the Novosibirisk high power FEL racetrack microtron for photochemical research, the other is the CEBAF proposed UV FEL system. Both of these systems are stable with prudent choices of parameters.

  17. Fluid Dynamical Consequences of Current and Stress-Energy Conservation

    Science.gov (United States)

    Scofield, Dillon; Huq, Pablo

    The dynamical consequences of fluid current conservation combined with the conservation of fluid stress-energy are used to develop the geometrodynamical theory of fluid flow (GTF). In the derivation of the GTF, we highlight the fact the continuity equation, equivalently the conservation of current density, implies the existence of the fluid dynamical vortex field. The vortex field transports part of the stress-energy; the other part of the stress-energy is transported by the fluid inertia field. Two channels of energy dissipation are determined by the GTF. One is an analog of the Joule heating found in electrodynamics. This follows from the conservation of stress-energy. The other dissipation channel arises from mechanisms leading to complex-valued constitutive parameters described in the electrodynamical analogy as due to a lossy medium. The dynamical consequences of the continuity equation, combined with the conservation of total stress-energy, then lead to a causal, covariant, theory of fluid flow, consistent with thermodynamics for all physically possible flow rates.

  18. Optimal Energy Management for SmartGrids Considering Thermal Load and Dynamic Pricing

    OpenAIRE

    Nguyen, Duong Tung

    2016-01-01

    More active participation of the demand side and efficient integration of distributed energy resources (DERs) such as electric vehicles (trVs), energy storage (ES), and renewable energy sources (RESs) into the existing power systems are important design objectives of the future smart grid. In general, effective demand side management (DSM) would benefit both system operators (e.g., peak demand reduction) and electricity customers (e.g., cost saving). For building and home energy scheduling de...

  19. Dirac Field in FRW Spacetime: Current and Energy Momentum

    CERN Document Server

    Dhungel, P R

    2011-01-01

    The behaviour of the Dirac field in FRW space-time is investigated. The relevant equations are solved to determine the particle and energy distribution. The angular and radial parts are solved in terms of Jacobi polynomials. The time dependence of the massive field is solved in terms of known function only for the radiation filled flat space. WKB method is used for approximate solution in general Friedmann-Le Maitre space. The negative energy solution is found decay in time as the Universe expands, while the positive energy solution grows. This could be the source of the local particle current. The behaviour of the particle number and energy density are also investigated. It is found that the particles arrange themselves in a number and density distribution pattern that produces a constant Newtonian potential as required for the flat rotation curves of galaxies. Further, density contrast is found to grow with the expansion.

  20. 10 CFR 218.12 - Pricing.

    Science.gov (United States)

    2010-01-01

    ... 10 Energy 3 2010-01-01 2010-01-01 false Pricing. 218.12 Section 218.12 Energy DEPARTMENT OF ENERGY OIL STANDBY MANDATORY INTERNATIONAL OIL ALLOCATION Supply Orders § 218.12 Pricing. The price for oil subject to a supply order issued pursuant to this subpart shall be based on the price...

  1. Current perspectives on energy and mass fluxes in volcanic arcs

    Science.gov (United States)

    Leeman, William; Davidson, Jon; Fischer, Tobias; Grunder, Anita; Reagan, Mark; Streck, Martin

    Volcanoes of the Pacific Ring of Fire and other convergent margins worldwide are familiar manifestations of nature's energy, account for about 25% of global volcanic outputs, dominate volcanic gas emissions to the atmosphere, and pose significant physical threats to a large human population. Yet the processes behind this prolific activity remain poorly understood.An international “State of the Arc” (SOTA) conference was held in August on the slopes of Mt. Hood, Oregon, to address current views on the energy and mass fluxes in volcanic arcs. This meeting brought together some 90 leading experts and students of subduction zones and their related magmatism.

  2. Compilation of current high-energy-physics experiments

    Energy Technology Data Exchange (ETDEWEB)

    Wohl, C.G.; Kelly, R.L.; Armstrong, F.E.

    1980-04-01

    This is the third edition of a compilation of current high energy physics experiments. It is a collaborative effort of the Berkeley Particle Data Group, the SLAC library, and ten participating laboratories: Argonne (ANL), Brookhaven (BNL), CERN, DESY, Fermilab (FNAL), the Institute for Nuclear Study, Tokyo (INS), KEK, Rutherford (RHEL), Serpukhov (SERP), and SLAC. The compilation includes summaries of all high energy physics experiments at the above laboratories that (1) were approved (and not subsequently withdrawn) before about January 1980, and (2) had not completed taking of data by 1 January 1976.

  3. Study the Fuel Price on Optimal Planning of Distributed Energy Resources as Private Sector in Supplying Electrical Energy

    Directory of Open Access Journals (Sweden)

    Mehdi Nafar

    2012-02-01

    Full Text Available This study presents an optimized design of Hybrid Power System in a distribution system including sources like, photovoltaic array, fuel cell and battery bank. In this study the effect of Fuel Price on optimal results is investigated.In this research, an algorithm has been developed for evaluation and cost optimization Hybrid Power System. The costs include capital cost, replacement cost, operation and maintenance cost, fuel cost and production cost for Hybrid Power System and DG power during different load profile. Then an objective function with aim to minimizing of total costs has been considered. A genetic algorithm approach is employed to obtain the best cost value of Hybrid Power System construction. This study tested on case study network on Mardasht city in Iran.

  4. Intermediate energy semileptonic probes of the hadronic neutral current

    Energy Technology Data Exchange (ETDEWEB)

    Musolf, M.J. [Massachusetts Inst. of Tech., Cambridge, MA (United States)]|[Old Dominion Univ., Norfolk, VA (United States). Dept. of Physics]|[CEBAF Theory Group, Newport News, VA (United States); Donnelly, T.W. [Massachusetts Inst. of Tech., Cambridge, MA (United States); Dubach, J. [Massachusetts Univ., Amherst, MA (United States). Dept. of Physics and Astronomy; Pollock, S.J. [Washington Univ., Seattle, WA (United States). Inst. for Nuclear Theory]|[Nationaal Inst. voor Kernfysica en Hoge-Energiefysica (NIKHEF), Amsterdam (Netherlands). Sectie K; Kowalski, S. [Massachusetts Inst. of Tech., Cambridge, MA (United States); Beise, E.J. [California Inst. of Tech., Pasadena, CA (United States). W.K. Kellogg Radiation Lab.]|[Maryland Univ., College Park, MD (United States). Dept. of Physics

    1993-06-01

    The present status and future prospects of intermediate-energy semileptonic neutral current studies are reviewed. Possibilities for using parity-violating electron scattering from nucleons and nuclei to study hadron structure and nuclear dynamics are emphasized, with particular attention paid to probes of strangeness content in the nucleon. Connections are drawn between such studies and tests of the electroweak gauge theory using electron or neutrino scattering. Outstanding theoretical issues in the interpretation of semileptonic neutral current measurements are highlighted and the prospects for undertaking parity-violating electron or neutrino scattering experiments in the near future are surveyed.

  5. Short and Long-Term Perspectives: The Impact on Low-Income Consumers of Forecasted Energy Price Increases in 2008 and A Cap & Trade Carbon Policy in 2030

    Energy Technology Data Exchange (ETDEWEB)

    Eisenberg, Joel Fred [ORNL

    2008-01-01

    The Department of Energy's Energy Information Administration (EIA) recently released its short-term forecast for residential energy prices for the winter of 2007-2008. The forecast indicates increases in costs for low-income consumers in the year ahead, particularly for those using fuel oil to heat their homes. In the following analysis, the Oak Ridge National Laboratory has integrated the EIA price projections with the Residential Energy Consumption Survey (RECS) for 2001 in order to project the impact of these price increases on the nation's low-income households by primary heating fuel type, nationally and by Census Region. The report provides an update of bill estimates provided in a previous study, "The Impact Of Forecasted Energy Price Increases On Low-Income Consumers" (Eisenberg, 2005). The statistics are intended for use by policymakers in the Department of Energy's Weatherization Assistance Program and elsewhere who are trying to gauge the nature and severity of the problems that will be faced by eligible low-income households during the 2008 fiscal year. In addition to providing expenditure forecasts for the year immediately ahead, this analysis uses a similar methodology to give policy makers some insight into one of the major policy debates that will impact low-income energy expenditures well into the middle decades of this century and beyond. There is now considerable discussion of employing a cap-and-trade mechanism to first limit and then reduce U.S. emissions of carbon into the atmosphere in order to combat the long-range threat of human-induced climate change. The Energy Information Administration has provided an analysis of projected energy prices in the years 2020 and 2030 for one such cap-and-trade carbon reduction proposal that, when integrated with the RECS 2001 database, provides estimates of how low-income households will be impacted over the long term by such a carbon reduction policy.

  6. Ampere Average Current Photoinjector and Energy Recovery Linac

    CERN Document Server

    Ben-Zvi, Ilan; Calaga, R; Cameron, P; Chang, X; Gassner, D M; Hahn, H; Hershcovitch, A; Hseuh, H C; Johnson, P; Kayran, D; Kewisch, J; Lambiase, R F; Litvinenko, Vladimir N; McIntyre, G; Nicoletti, A; Rank, J; Roser, T; Scaduto, J; Smith, K; Srinivasan-Rao, T; Wu, K C; Zaltsman, A; Zhao, Y

    2004-01-01

    High-power Free-Electron Lasers were made possible by advances in superconducting linac operated in an energy-recovery mode, as demonstrated by the spectacular success of the Jefferson Laboratory IR-Demo. In order to get to much higher power levels, say a fraction of a megawatt average power, many technological barriers are yet to be broken. BNL’s Collider-Accelerator Department is pursuing some of these technologies for a different application, that of electron cooling of high-energy hadron beams. I will describe work on CW, high-current and high-brightness electron beams. This will include a description of a superconducting, laser-photocathode RF gun employing a new secondary-emission multiplying cathode and an accelerator cavity, both capable of producing of the order of one ampere average current.

  7. The age of alternative energies: the current status of new energy technology development

    Energy Technology Data Exchange (ETDEWEB)

    Kawaguchi, Y.

    1986-01-01

    This paper outlines Japan's Sunshine Project and presents the current status of the principal research and development programs involved. These are as follows: 1) solar energy (solar photovoltaic power generation, solar energy systems for industrial use); 2) geothermal energy (technology for geothermal exploration and excavation, hydrothermal power generation, discovery of high-temperature rock); 3) coal energy (coal liquefaction and gasification technology); 4) hydrogen energy (technology for production, transport, storage and utilization of hydrogen); 5) others (wind power and ocean thermal power generation). 7 figs., 3 tabs.

  8. Impact of Fluctuating Energy Prices on the Operation Strategy of a Trigeneration System

    Directory of Open Access Journals (Sweden)

    Dražen Balić

    2015-09-01

    The optimization method is based on two criteria – energy and economic criterion, which were applied hierarchically. Therefore, two optimal operation strategies are introduced. A mixed integer non-linear programming model provides energy and cost savings up to 32% and 28% respectively in comparison with conventional system. In addition, optimal capacity of trigeneration system is explored.

  9. Current status of high energy nucleon-meson transport code

    Energy Technology Data Exchange (ETDEWEB)

    Takada, Hiroshi; Sasa, Toshinobu [Japan Atomic Energy Research Inst., Tokai, Ibaraki (Japan). Tokai Research Establishment

    1998-03-01

    Current status of design code of accelerator (NMTC/JAERI code), outline of physical model and evaluation of accuracy of code were reported. To evaluate the nuclear performance of accelerator and strong spallation neutron origin, the nuclear reaction between high energy proton and target nuclide and behaviors of various produced particles are necessary. The nuclear design of spallation neutron system used a calculation code system connected the high energy nucleon{center_dot}meson transport code and the neutron{center_dot}photon transport code. NMTC/JAERI is described by the particle evaporation process under consideration of competition reaction of intranuclear cascade and fission process. Particle transport calculation was carried out for proton, neutron, {pi}- and {mu}-meson. To verify and improve accuracy of high energy nucleon-meson transport code, data of spallation and spallation neutron fragment by the integral experiment were collected. (S.Y.)

  10. Periodicals Price Survey 2002: Doing the Digital Flip.

    Science.gov (United States)

    Van Orsdel, Lee; Born, Kathleen

    2002-01-01

    Presents the annual periodicals price study. Highlights include average prices; cost histories; cost projections for future budgeting; electronic journal issues; flip pricing, defined as online access at the core of pricing negotiations; various pricing models; purchasing print at deeply discounted prices; and current trends in pricing and in the…

  11. Extremely High Current, High-Brightness Energy Recovery Linac

    CERN Document Server

    Ben-Zvi, Ilan; Beavis, Dana; Blaskiewicz, Michael; Bluem, Hans; Brennan, Joseph M; Burger, Al; Burrill, Andrew; Calaga, Rama; Cameron, Peter; Chang, Xiangyun; Cole, Michael; Connolly, Roger; Delayen, Jean R; Favale, Anthony; Gassner, David M; Grimes, Jacob T; Hahn, Harald; Hershcovitch, Ady; Holmes, Douglas; Hseuh Hsiao Chaun; Johnson, Peter; Kayran, Dmitry; Kewisch, Jorg; Kneisel, Peter; Lambiase, Robert; Litvinenko, Vladimir N; McIntyre, Gary; Meng, Wuzheng; Nehring, Thomas; Nicoletti, Tony; Oerter, Brian; Pate, David; Phillips, Larry; Preble, Joseph P; Rank, Jim; Rao, Triveni; Rathke, John; Roser, Thomas; Russo, Thomas; Scaduto, Joseph; Schultheiss, Tom; Segalov, Zvi; Smith, Kevin T; Todd, Alan M M; Warren-Funk, L; Williams, Neville; Wu, Kuo-Chen; Yakimenko, Vitaly; Yip, Kin; Zaltsman, Alex; Zhao, Yongxiang

    2005-01-01

    Next generation ERL light-sources, high-energy electron coolers, high-power Free-Electron Lasers, powerful Compton X-ray sources and many other accelerators were made possible by the emerging technology of high-power, high-brightness electron beams. In order to get the anticipated performance level of ampere-class currents, many technological barriers are yet to be broken. BNL's Collider-Accelerator Department is pursuing some of these technologies for its electron cooling of RHIC application, as well as a possible future electron-hadron collider. We will describe work on CW, high-current and high-brightness electron beams. This will include a description of a superconducting, laser-photocathode RF gun and an accelerator cavity capable of producing low emittance (about 1 micron rms normalized) one nano-Coulomb bunches at currents of the order of one ampere average.

  12. Output Current Ripple Reduction Algorithms for Home Energy Storage Systems

    Directory of Open Access Journals (Sweden)

    Jin-Hyuk Park

    2013-10-01

    Full Text Available This paper proposes an output current ripple reduction algorithm using a proportional-integral (PI controller for an energy storage system (ESS. In single-phase systems, the DC/AC inverter has a second-order harmonic at twice the grid frequency of a DC-link voltage caused by pulsation of the DC-link voltage. The output current of a DC/DC converter has a ripple component because of the ripple of the DC-link voltage. The second-order harmonic adversely affects the battery lifetime. The proposed algorithm has an advantage of reducing the second-order harmonic of the output current in the variable frequency system. The proposed algorithm is verified from the PSIM simulation and experiment with the 3 kW ESS model.

  13. A stock-flow consistent input-output model with applications to energy price shocks, interest rates, and heat emissions

    Science.gov (United States)

    Berg, Matthew; Hartley, Brian; Richters, Oliver

    2015-01-01

    By synthesizing stock-flow consistent models, input-output models, and aspects of ecological macroeconomics, a method is developed to simultaneously model monetary flows through the financial system, flows of produced goods and services through the real economy, and flows of physical materials through the natural environment. This paper highlights the linkages between the physical environment and the economic system by emphasizing the role of the energy industry. A conceptual model is developed in general form with an arbitrary number of sectors, while emphasizing connections with the agent-based, econophysics, and complexity economics literature. First, we use the model to challenge claims that 0% interest rates are a necessary condition for a stationary economy and conduct a stability analysis within the parameter space of interest rates and consumption parameters of an economy in stock-flow equilibrium. Second, we analyze the role of energy price shocks in contributing to recessions, incorporating several propagation and amplification mechanisms. Third, implied heat emissions from energy conversion and the effect of anthropogenic heat flux on climate change are considered in light of a minimal single-layer atmosphere climate model, although the model is only implicitly, not explicitly, linked to the economic model.

  14. Prices and costs of energy sources; Les prix et les couts des sources d'energie

    Energy Technology Data Exchange (ETDEWEB)

    Martin-Amouroux, J.M. [Institut d' Economie et de Politique de l' Energie (CNRS- UPMF), 38 - Grenoble (France)

    2005-07-01

    An evaluation of the complete social energy cost should result from the sum of the production marginal cost, of the external marginal cost and of the marginal cost of substitution of non-renewable energy sources. This last parameter is difficult to estimate because of theoretical and methodological obstacles. The two others are evaluated for different energy sources, in the present day situation, and in the perspective of a probable evolution. Today, fossil fuels have the lowest internal costs whatever their use. Thus, in 'business as usual' energy scenarios, fossil fuels represent more than 80% of the energy supply at the 2050 prospects. However, several uncertainties can affect the future evolution of these costs, some are of geopolitical origin (political fragility of some exporting countries), and some are of environmental origin (internalized costs of CO{sub 2} emissions). Finally, the depletion of some resources should be anticipated. (J.S.)

  15. 面向能源互联网的热电联供系统节点能价研究%Research on Nodal Energy Price of Combined Heat and Power System for Energy Internet

    Institute of Scientific and Technical Information of China (English)

    邓莉荣; 孙宏斌; 陈润泽; 郭庆来

    2016-01-01

    ABSTRACT:In order to more accurately reflect the value of different energy sources in the integrated energy system, better motivate users to a reasonable energy use behavior, a new multiple energy coupling pricing mechanism—nodal energy price, was put forward. Detailed research on the nodal energy price in the combined heat and power system was conducted. Firstly, according to nodal price, the definition and classification of nodal energy price were given. The energy price could be divided into three parts: energy demand component, congestion component and multi-energy coupling component. An optimal power flow model of cogeneration system was proposed and the primal dual interior point method was used to solve this problem. The Lagrange multipliers of corresponding node power balance equations in power system and heat-supply system could be taken as nodal electricity price and nodal heat price, separately. Simulation results show that the nodal energy price well explain the energy price influencing factors in integrated energy system: the energy supply node price can be determined by the energy demand component and multi-energy coupling component, while the load node price on the basis of the energy supply node price can be superimposed congestion component.%为更准确地体现综合能源系统中不同能源的价值,更好地激励用户合理用能,提出了一种新的多种能源耦合定价机制——节点能价,并在热电联供系统中对节点能价进行了研究。首先,类比节点电价,给出了节点能价的定义和分类。将节点能价分为3部分:生产边际成本、传输阻塞成本和多能耦合成本。建立了热电联供系统的最优潮流模型,采用原对偶内点法进行求解,以电力系统节点功率平衡方程和热力系统节点功率平衡方程所对应的拉格朗日乘子作为各节点的节点电价和节点热价。算例结果表明节点能价很好地解释了综合能源系统中

  16. Canada ocean energy atlas phase 1 : potential tidal current energy resources analysis background

    Energy Technology Data Exchange (ETDEWEB)

    Tarbotton, M.; Larson, M. [Triton Consultants Ltd., Vancouver, BC (Canada)

    2006-05-15

    This report was prepared as a background document for a preliminary tidal current resource inventory for Canadian waters. Energy calculations in the study were based on preliminary estimates of known tidal flows. The inventory was based on nautical charts, Canadian sailing directions, tide and tidal current constituent data, and numerical tidal modelling data. A finite element harmonic tidal model tool was used to provide tidal height and current velocities data for a varying number of tidal constituents. The study identified several major tidal current power resources throughout Canada. It was concluded that modelling studies should concentrate on Minas Basin in Nova Scotia; Georgia and Johnstone Straits in British Columbia; and Hudson's Strait and Ungava Bay. Modelling studies should provide estimates of extractable energy as well as provide initial assessments of the environmental impacts of tidal energy extraction in all 3 regions. 3 refs., 8 tabs., 16 figs.

  17. An energy-efficient, adiabatic electrode stimulator with inductive energy recycling and feedback current regulation.

    Science.gov (United States)

    Arfin, Scott K; Sarpeshkar, Rahul

    2012-02-01

    In this paper, we present a novel energy-efficient electrode stimulator. Our stimulator uses inductive storage and recycling of energy in a dynamic power supply. This supply drives an electrode in an adiabatic fashion such that energy consumption is minimized. It also utilizes a shunt current-sensor to monitor and regulate the current through the electrode via feedback, thus enabling flexible and safe stimulation. Since there are no explicit current sources or current limiters, wasteful energy dissipation across such elements is naturally avoided. The dynamic power supply allows efficient transfer of energy both to and from the electrode and is based on a DC-DC converter topology that we use in a bidirectional fashion in forward-buck or reverse-boost modes. In an exemplary electrode implementation intended for neural stimulation, we show how the stimulator combines the efficiency of voltage control and the safety and accuracy of current control in a single low-power integrated-circuit built in a standard .35 μm CMOS process. This stimulator achieves a 2x-3x reduction in energy consumption as compared to a conventional current-source-based stimulator operating from a fixed power supply. We perform a theoretical analysis of the energy efficiency that is in accord with experimental measurements. This theoretical analysis reveals that further improvements in energy efficiency may be achievable with better implementations in the future. Our electrode stimulator could be widely useful for neural, cardiac, retinal, cochlear, muscular and other biomedical implants where low power operation is important.

  18. Gridless, very low energy, high-current, gaseous ion source

    Energy Technology Data Exchange (ETDEWEB)

    Vizir, A. V.; Oks, E. M. [High Current Electronics Institute, Russian Academy of Sciences, Tomsk 634055 (Russian Federation); State University of Control Systems and Radioelectronics, Tomsk 634050 (Russian Federation); Shandrikov, M. V.; Yushkov, G. Yu. [High Current Electronics Institute, Russian Academy of Sciences, Tomsk 634055 (Russian Federation)

    2010-02-15

    We have made and tested a very low energy gaseous ion source in which the plasma is established by a gaseous discharge with electron injection in an axially diverging magnetic field. A constricted arc with hidden cathode spot is used as the electron emitter (first stage of the discharge). The electron flux so formed is filtered by a judiciously shaped electrode to remove macroparticles (cathode debris from the cathode spot) from the cathode material as well as atoms and ions. The anode of the emitter discharge is a mesh, which also serves as cathode of the second stage of the discharge, providing a high electron current that is injected into the magnetic field region where the operating gas is efficiently ionized. In this discharge configuration, an electric field is formed in the ion generation region, accelerating gas ions to energy of several eV in a direction away from the source, without the use of a gridded acceleration system. Our measurements indicate that an argon ion beam is formed with an energy of several eV and current up to 2.5 A. The discharge voltage is kept at less than 20 V, to keep below ion sputtering threshold for cathode material, a feature which along with filtering of the injected electron flow, results in extremely low contamination of the generated ion flow.

  19. Compilation of current high energy physics experiments - Sept. 1978

    Energy Technology Data Exchange (ETDEWEB)

    Addis, L.; Odian, A.; Row, G. M.; Ward, C. E. W.; Wanderer, P.; Armenteros, R.; Joos, P.; Groves, T. H.; Oyanagi, Y.; Arnison, G. T. J.; Antipov, Yu; Barinov, N.

    1978-09-01

    This compilation of current high-energy physics experiments is a collaborative effort of the Berkeley Particle Data Group, the SLAC library, and the nine participating laboratories: Argonne (ANL), Brookhaven (BNL), CERN, DESY, Fermilab (FNAL), KEK, Rutherford (RHEL), Serpukhov (SERP), and SLAC. Nominally, the compilation includes summaries of all high-energy physics experiments at the above laboratories that were approved (and not subsequently withdrawn) before about June 1978, and had not completed taking of data by 1 January 1975. The experimental summaries are supplemented with three indexes to the compilation, several vocabulary lists giving names or abbreviations used, and a short summary of the beams at each of the laboratories (except Rutherford). The summaries themselves are included on microfiche. (RWR)

  20. Distributed Storage Management Using Dynamic Pricing in a Self-Organized Energy Community

    NARCIS (Netherlands)

    Negeri, E.; Baken, N.

    2012-01-01

    We consider a future self-organized energy community that is composed of “prosumer” households that can autonomously generate, store, import and export power, and also selfishly strive to minimize their cost by adjusting their load profiles using the flexibly of their distributed storage. In such

  1. Vietnam's energy sector: A review of current energy policies and strategies

    Energy Technology Data Exchange (ETDEWEB)

    Tien Minh Do, E-mail: tmdo@eng.uts.edu.au [Hanoi University of Science and Technology (HUST), 1 Dai Co Viet Street, Hai Ba Trung District, Hanoi (Viet Nam); Sharma, Deepak [University of Technology, Sydney (UTS), Broadway, Ultimo, NSW 2007 (Australia)

    2011-10-15

    Since the introduction of market-oriented economy in 1986, Vietnam has made noticeable socio-economic progress. In this progress, the energy sector has played a vital role. This role is likely to deepen in the years to come as Vietnam strives to achieve even higher levels in economic progress. Such deepening in the role of energy, this paper argues, will heighten concerns about the security of energy supply, and economic, environmental, social and political consequences. In order to address these issues, Vietnam has over the last decade, developed a suite of energy policies. A deeper review of these policies suggests that they are typified by economic-growth orientation, exclusive focus on a single-sector or single issue, and largely neglect the significance of cross-sectoral and cross-thematic issues arising from the interdependencies between energy, economy, and the polity at large. The existing energy policy settings are, therefore, unlikely to be able to provide a satisfactory redress to the challenges noted above. This paper provides an overview of the current energy policies with a view to identify areas where further policy effort is needed in order to facilitate a sustainable development of the Vietnamese energy sector. - Highlights: > Identifying challenges faced by the Vietnamese energy sector. > Analyzing limitations of the existing energy policy settings (policies, strategies and institutions) in addressing these challenges. > Developing recommendations on improving the existing energy policy settings to provide a satisfactory redress for the challenges noted above.

  2. Zero Energy With an Affordable Price Tag: Friends School of Portland

    Energy Technology Data Exchange (ETDEWEB)

    Torcellini, Paul A [National Renewable Energy Laboratory (NREL), Golden, CO (United States)

    2017-08-09

    More than half of all operating school districts in the U.S. are in rural areas. These small schools operate at a different scale and have different needs than their city counterparts. In 2003-2004, 20% of public schools in the U.S. served fewer than 200 students(1). Although the Friends School of Portland - which was designed to achieve both zero energy performance and Passivhaus certification - is an independent school, it faced financial constraints similar to those faced by many other small schools throughout the country. The project was financed through a capital campaign and a mortgage that forced a hard cost cap on the project, so the project team had to be diligent about every dollar that was spent. In its first year of operation, the school site energy use intensity was just 12 kbtu/ft2, a bit more than the 9 kbtu/ft2 predicted.

  3. Evaluating impacts of energy prices release on urban planning of Iran

    Energy Technology Data Exchange (ETDEWEB)

    Babaei Aghdam, Feridoun [Mohaghegh Ardabili University (Iran, Islamic Republic of)], email: Fbabei@uma.ac.ir, email: freydoun2001@yahoo.com

    2011-07-01

    The Parliament of Iran adopted a subsidy reform plan in January, 2010. This reform constitutes one of the most significant changes to Iran's economy in the last 50 years, as it aims to replace subsidies on food and energy with social assistance. This will have important effects on the sectors consuming the most energy such as transport, buildings, industry and agriculture. The aim of this paper is to determine both the positive and negative impacts of this reform. A review of the available information was carried out using library resources, the press and the Internet; interviews with experts were also conducted. Then field investigations were conducted and a comparative survey was done. Results of this research showed that the subsidy reform plan will result in economic, social, political and traffic benefits but will also raise socio-economic issues in urban areas. This study pointed out that the subsidy reform will have more positive than negative impacts.

  4. Price Discrimination

    OpenAIRE

    Armstrong, Mark

    2008-01-01

    This paper surveys recent economic research on price discrimination, both in monopoly and oligopoly markets. Topics include static and dynamic forms of price discrimination, and both final and input markets are considered. Potential antitrust aspects of price discrimination are highlighted throughout the paper. The paper argues that the informational requirements to make accurate policy are very great, and with most forms of price discrimination a laissez-faire policy may be the best availabl...

  5. Transfer Pricing

    DEFF Research Database (Denmark)

    Nielsen, Søren Bo

    2014-01-01

    Against a background of rather mixed evidence about transfer pricing practices in multinational enterprises (MNEs) and varying attitudes on the part of tax authorities, this paper explores how multiple aims in transfer pricing can be pursued across four different transfer pricing regimes. A MNE h...

  6. Commodity Price Volatility: Causes, Effects and Implications

    OpenAIRE

    Mugera, Harriet Kasidi

    2015-01-01

    Agricultural commodities experienced substantial increases in prices over the most recent decade with major surges in both 2007-08 and again in 2010-11. These price movements coincided with sharp rises in energy prices, in particular crude oil. Sharp increases in agricultural prices were not uncommon, but it is the short period between the recent two price surges that has drawn concerns and raised questions. What were the causes of the increase in world agricultural prices and what are the pr...

  7. The Current Energetics of Earth's Interior: A Gravitational Energy Perspective

    Science.gov (United States)

    Morgan, Jason; Rüpke, Lars; White, William

    2016-05-01

    The Earth's mantle convects to lose heat (Holmes, 1931); doing so drives plate tectonics (Turcotte and Oxburgh, 1967). Significant gravitational energy is created by the cooling of oceanic lithosphere atop hotter, less dense mantle. When slabs subduct, this gravitational energy is mostly (~86% for whole mantle flow in a PREM-like mantle) transformed into heat by viscous dissipation. Using this perspective, we reassess the energetics of Earth's mantle. We also reconsider the terrestrial abundances of heat producing elements U, Th, and K, and argue they are lower than previously considered and that consequently the heat produced by radioactive decay within the mantle is comparable to the present-day potential gravitational energy release by subducting slabs — both are roughly ~10-12 TW. We reassess possible core heat flow into the base of the mantle, and determine that the core may be still losing a significant amount of heat from its original formation, potentially more than the radioactive heat generation within the mantle. These factors are all likely to be important for Earth's current energetics, and argue that strong plume-driven upwelling is likely to exist within the convecting mantle.

  8. Battery Energy Storage Sizing When Time of Use Pricing Is Applied

    Directory of Open Access Journals (Sweden)

    Guido Carpinelli

    2014-01-01

    Full Text Available Battery energy storage systems (BESSs are considered a key device to be introduced to actuate the smart grid paradigm. However, the most critical aspect related to the use of such device is its economic feasibility as it is a still developing technology characterized by high costs and limited life duration. Particularly, the sizing of BESSs must be performed in an optimized way in order to maximize the benefits related to their use. This paper presents a simple and quick closed form procedure for the sizing of BESSs in residential and industrial applications when time-of-use tariff schemes are applied. A sensitivity analysis is also performed to consider different perspectives in terms of life span and future costs.

  9. Battery energy storage sizing when time of use pricing is applied.

    Science.gov (United States)

    Carpinelli, Guido; Khormali, Shahab; Mottola, Fabio; Proto, Daniela

    2014-01-01

    Battery energy storage systems (BESSs) are considered a key device to be introduced to actuate the smart grid paradigm. However, the most critical aspect related to the use of such device is its economic feasibility as it is a still developing technology characterized by high costs and limited life duration. Particularly, the sizing of BESSs must be performed in an optimized way in order to maximize the benefits related to their use. This paper presents a simple and quick closed form procedure for the sizing of BESSs in residential and industrial applications when time-of-use tariff schemes are applied. A sensitivity analysis is also performed to consider different perspectives in terms of life span and future costs.

  10. Get Current: Switch on Clean Energy Activity Book

    Energy Technology Data Exchange (ETDEWEB)

    None

    2014-06-01

    Switching on clean energy technologies means strengthening the economy while protecting the environment. This activity book for all ages promotes energy awareness, with facts on different types of energy and a variety of puzzles in an energy theme.

  11. CURRENT TRENDS IN THE USE OF SOLAR ENERGY

    Directory of Open Access Journals (Sweden)

    Vanya Zhivkova

    2013-06-01

    Full Text Available Solar energy represents the amount of solar radiation per unit time on unit area. Solar energy is used to obtain thermal energy through solar, and electrical energy through exist for solar energy: passive and active. The utilization of solar energy is essential for the development of human civilization.

  12. Current Source Converter Based Wind Energy Conversion Systems

    Institute of Scientific and Technical Information of China (English)

    Samir Kouro; Jing-ya DAI; Bin WU

    2011-01-01

    The increase in the installed capacity of wind energy conversion systems (WECS) has triggered the development of more demanding grid codes and additional requirements on performance.In order to meet these requirements the industry trend has shifted to full-scale power converter interfaces in modern multi-megawatt WECS.As consequence,a wide variety of new power converter topologies and WECS configurations have been introduced in recent years.Among them,current source converter(CSC) based configurations have attracted attention due to a series of advantages like:simple structure,grid friendly waveforms,controllable power factor,and reliable grid short-circuit protection.This paper presents the latest developments in CSC interfaces for WECS and related technologies such as modulation methods,control schemes and grid code compatibility.

  13. Photon emission in neutral current interactions at intermediate energies

    CERN Document Server

    Wang, E; Nieves, J

    2014-01-01

    Neutral current photon emission reactions with nucleons and nuclei are studied. These processes are important backgrounds for nu_mu to nu_e (bar(nu)_mu to bar(nu)_e) appearance oscillation experiments where electromagnetic showers instigated by electrons (positrons) and photons are not distinguishable. At intermediate energies, these reactions are dominated by the weak excitation of the Delta(1232) resonance and its subsequent decay into Ngamma There are also non-resonant contributions that, close to threshold, are fully determined by the effective chiral Lagrangian of strong interactions. In addition, we have also included mechanisms mediated by nucleon excitations (N*) from the second resonance region above the Delta(1232). From these states, the contribution of the D13 N*(1520) turns out to be sizable for (anti)neutrino energies above 1.5 GeV. We have extended the model to nuclear targets taking, into account Pauli blocking, Fermi motion and the in-medium Delta resonance broadening. We present our predicti...

  14. CURRENT WAYS TO HARVEST ENERGY USING A COMPUTER MOUSE

    Directory of Open Access Journals (Sweden)

    Frantisek Horvat

    2014-02-01

    Full Text Available This paper deals with the idea of an energy harvesting (EH system that uses the mechanical energy from finger presses on the buttons of a computer mouse by means of a piezomaterial (PVF2. The piezomaterial is placed in the mouse at the interface between the button and the body. This paper reviews the parameters of the PVF2 piezomaterial and tests their possible implementation into EH systems utilizing these types of mechanical interactions. The paper tests the viability of two EH concepts: a battery management system, and a semi-autonomous system. A statistical estimate of the button operations is performed for various computer activities, showing that an average of up to 3300 mouse clicks per hour was produced for gaming applications, representing a tip frequency of 0.91 Hz on the PVF2 member. This frequency is tested on the PVF2 system, and an assessment of the two EH systems is reviewed. The results show that fully autonomous systems are not suitable for capturing low-frequency mechanical interactions, due to the parameters of current piezomaterials, and the resulting very long startup phase. However, a hybrid EH system which uses available power to initiate the circuit and eliminate the startup phase may be explored for future studies.

  15. Twisted Savonius turbine based marine current energy conversion system

    Science.gov (United States)

    Hassan, Md. Imtiaj

    The Ocean Network Seafloor Instrumentation (ONSFI) Project is a multidisciplinary research and development project that aims to design, fabricate and validate a proof-of-concept seafloor array of wireless marine sensors for use in monitoring seabed processes. The sensor pods, known as Seaformatics, will be powered by ocean bottom currents and will be able to communicate with each other and to the Internet through surface master units to facilitate observation of the ocean floor from the shore. This thesis explores the use of the twisted Savonius turbine as a means of converting the kinetic energy of the free flowing water into electrical energy for the pods. This will eliminate the need for battery replacement. A physical model of the turbine was constructed and tested in the Water Flume at the Marine Institute of Memorial University and in the Wind Tunnel in the Engineering Building at Memorial University. A mathematical model of the turbine was constructed in SolidWorks. This was tested in the Computational Fluid Dynamics or CFD software FLOW-3D. Experimental results were compared with CFD results and the agreement was reasonable. A twisted Savonius turbine emulator was developed to test a dc-dc boost converter. A low cost microcontroller based MPPT algorithm was developed to obtain maximum power from the turbine. Overall the thesis shows that the twisted Savonius turbine can provide the power needed by the sensor pods. It also shows that CFD is a viable way to study the performance of the Savonius type of turbine.

  16. Transition from monopoly pricing to competitive pricing

    Energy Technology Data Exchange (ETDEWEB)

    Perera, L. [Eastern Energy Ltd., Melbourne, VIC (Australia)

    1995-12-31

    The Victorian Government has embarked on a program to restructure the State electricity supply industry, that will be the precursor to reform throughout the whole of Australia. The Government is depending on competition to drive efficiency improvements to both generation and distribution businesses. Retail pricing will be the key determinant to a future assessment of the success or failure of these reforms. The paper examines electricity pricing before and after the restructuring from the viewpoint of a practitioner at the cutting edge of the reform process. Economic rationale is put forward why the Value Proposition will replace the Cost Recovery basis previously used in electricity pricing. It is concluded that limitations of interstate links will temper intestate competition unless innovative solution can be found. The current method of setting market prices based on a `Pool System` is only efficient if the generators bid their marginal price on a regular basis. In essence the pool replaces the `merit order` previously used to load generators and is basically a scheduling mechanism. Serious consideration needs to be given to the question whether this mechanism should be also setting the price of electricity. (author). 5 tabs.

  17. Cost and Price Metrics for Automotive Lithium-Ion Batteries

    Energy Technology Data Exchange (ETDEWEB)

    None

    2017-02-01

    Values of current energy technology costs and prices, available from a variety of sources, can sometimes vary. While some of this variation can be due to differences in the specific materials or configurations assumed, it can also reflect differences in the definition and context of the terms "cost" and "price." This fact sheet illustrates and explains this latter source of variation in a case study of automotive lithium-ion batteries.

  18. Resource-Optimal Scheduling Using Priced Timed Automata

    DEFF Research Database (Denmark)

    Larsen, Kim Guldstrand; Rasmussen, Jacob Illum; Subramani, K.

    2004-01-01

    In this paper, we show how the simple structure of the linear programs encountered during symbolic minimum-cost reachability analysis of priced timed automata can be exploited in order to substantially improve the performance of the current algorithm. The idea is rooted in duality of linear progr......-80 percent performance gain. As a main application area, we show how to solve energy-optimal task graph scheduling problems using the framework of priced timed automata....

  19. Review of the current wind energy technologies and global market

    OpenAIRE

    Komarov, Dragan; Stupar, Slobodan; Posteljnik, Zorana

    2011-01-01

    The modern wind energy technologies and recent global wind energy market trends are reviewed in the paper. Basic principles of conversion of wind energy to electricity are described with brief overview of the state-of-the-art technologies for subassemblies such as wind turbine blades and drive trains. Global wind energy market was reviewed in order to attain notion of wind power market developments in the future. The most developed countries in terms of wind energy utilization such as Denmark...

  20. Research on Electricity Pricing Mechanism of NaS Battery Based Energy Storage System%钠硫电池储能系统的电价机制研究

    Institute of Scientific and Technical Information of China (English)

    孙波; 廖强强; 陆宇东; 周国定; 陈飞杰; 葛红花

    2014-01-01

    A cost-benefit analysis model of NaS battery based energy storage system was established to study the electricity pricing mechanism during load shifting of power grid. The energy storage pricing strategies under three electricity pricing mechanisms, namely the capacity pricing mechanism, the energy pricing mechanism and the two-part electricity pricing mechanism, were discussed. Research results show that the energy pricing mechanism and the two-part electricity pricing mechanism are more suitable for the NaS battery based energy storage system than the energy pricing mechanism. Along with the reduction of specific energy construction cost for NaS battery based energy storage system from 3 000 RMB/kWh to 1 000 RMB/kWh, the discharge price of NaS battery based energy storage system, which is set by the energy pricing mechanism and the two-part electricity pricing mechanism, could be controlled to about 1 RMB/kWh, thus it may possess the elementary capability to compete with the Shanghai industrial and commercial electricity price in peak periods.%采用成本收益模型研究了钠硫电池储能系统在电网削峰填谷作用中的电价机制。从单一容量电价、单一电度电价、两部制电价3种电价机制讨论了固定投资回报期下的储能电价策略。研究结果表明,对于能量型的钠硫电池储能系统,采用单一容量电价机制来制定储能电价不太合适,而采用单一电度电价和两部制电价机制则更为合适。随着钠硫电池储能系统单位能量建设成本从3000元/kW·h降至1000元/kW·h,采用单一电度电价和两部制电价机制制定的放电电价可控制在1元/kW·h左右,初步具备了与上海工商业高峰时段电度电价竞争的优势。

  1. Nuclear aspects of neutrino energy reconstruction in current oscillation experiments

    Energy Technology Data Exchange (ETDEWEB)

    Leitner, Tina; Buss, Oliver; Mosel, Ulrich [Institut fuer Theoretische Physik, Universitaet Giessen (Germany); Alvarez-Ruso, Luis [Departamento de Fisica Teorica and IFIC, Universidad de Valencia - CSIC (Spain)

    2008-07-01

    There is an extensive experimental effort aiming at a precise determination of neutrino oscillation parameters. A critical quantity is the neutrino energy which can not be measured directly but has to be reconstructed from observables. A good knowledge of neutrino-nucleus interactions is thus necessary to minimize the systematic uncertainties in neutrino fluxes, backgrounds and detector responses. A reliable reconstruction has to account for in-medium modifications. We find that in particular final-state interactions inside the target nucleus modify considerably the distributions through rescattering, charge-exchange and absorption. These effects can be simulated with our coupled channel GiBUU transport model where the neutrino first interacts with a bound nucleon producing secondary particles which are then transported out of the nucleus. We consider, besides Fermi motion and Pauli blocking, full in-medium kinematics, mean-field potentials and in-medium spectral functions. In this contribution, we compare the reconstructed quantities obtained within our model to the ones obtained by the current experiments like MiniBooNE, which mostly rely on simple two-body kinematics. We then discuss how these uncertainties influence not only the cross section measurements but also the oscillation results.

  2. Residential, Commercial, and Utility-Scale Photovoltaic (PV) System Prices in the United States: Current Drivers and Cost-Reduction Opportunities

    Energy Technology Data Exchange (ETDEWEB)

    Goodrich, A.; James, T.; Woodhouse, M.

    2012-02-01

    The price of photovoltaic (PV) systems in the United States (i.e., the cost to the system owner) has dropped precipitously in recent years, led by substantial reductions in global PV module prices. However, system cost reductions are not necessarily realized or realized in a timely manner by many customers. Many reasons exist for the apparent disconnects between installation costs, component prices, and system prices; most notable is the impact of fair market value considerations on system prices. To guide policy and research and development strategy decisions, it is necessary to develop a granular perspective on the factors that underlie PV system prices and to eliminate subjective pricing parameters. This report's analysis of the overnight capital costs (cash purchase) paid for PV systems attempts to establish an objective methodology that most closely approximates the book value of PV system assets.

  3. 48 CFR 52.215-10 - Price Reduction for Defective Certified Cost or Pricing Data.

    Science.gov (United States)

    2010-10-01

    ... complete, accurate, and current as certified in its Certificate of Current Cost or Pricing Data; (2) A... complete, accurate, and current as certified in the Contractor's Certificate of Current Cost or Pricing... been modified even if accurate, complete, and current certified cost or pricing data had been...

  4. Subsidised energy prices in France: TPN – Tarif de Première Nécessité (“basic needs” electricity price) and TSS – Tarif Spécial de Solidarité (special solidarity price for natural gas)

    CERN Multimedia

    2014-01-01

    Some members of the CERN personnel residing in France have received a letter informing them that they are eligible for the “TPN” and/or “TSS” subsidised energy prices.   The Organization has contacted the French authorities and it seems that these subsidised energy prices, for which the eligibility criteria have recently been modified, are not applicable to members of the CERN personnel. The Organization therefore asks the members of the personnel concerned to call the freephone number (numéro vert)* given on the letter that they received to say that they do not wish to benefit from these subsidised energy prices. On this matter, the Organization would like to recall that most social benefits and subsidies are granted only when the financial means of the individual concerned are below fixed ceilings. This is generally not the case for members of the CERN personnel. For this reason, and notably in line with the Code of Conduct, the Organization...

  5. Transfer Pricing

    DEFF Research Database (Denmark)

    Rohde, Carsten; Rossing, Christian Plesner

    trade internally as the units have to decide what prices should be paid for such inter-unit transfers. One important challenge is to uncover the consequences that different transfer prices have on the willingness in the organizational units to coordinate activities and trade internally. At the same time...

  6. Pricing Options.

    Science.gov (United States)

    Tenopir, Carol

    1998-01-01

    Presents results of a recent survey of over 100 public and academic libraries about pricing options from online companies. Most options fall into three categories: pay-as-you-go, fixed-rate, and user-based. Results are discussed separately for public and academic libraries and for consortial discounts. Trends in pricing options preferred by…

  7. The Energy Films Index. An Educator's Guide to Current Energy Films.

    Science.gov (United States)

    Scherner, Sharon; And Others

    This guide cites and describes 241 films on energy. The categories are: general films on energy, conservation of energy, history of energy development, coal, electricity, food and energy, geothermal, natural gas, nuclear energy, oil/petroleum, oil shale, solar energy, tar sands, tidal energy, wind, impacts of energy, and future of energy. For each…

  8. Current Work in Energy Analysis (Energy Analysis Program -1996 Annual Report)

    Energy Technology Data Exchange (ETDEWEB)

    Energy Analysis Program

    1998-03-01

    This report describes the work that Environmental Energy Technologies Division of Lawrence Berkeley National Laboratory has been doing most recently. One of our proudest accomplishments is the publication of Scenarios of U.S. Carbon Reductions, an analysis of the potential of energy technologies to reduce carbon emissions in the U.S. This analysis played a key role in shaping the U.S. position on climate change in the Kyoto Protocol negotiations. Our participation in the fundamental characterization of the climate change issue by the IPCC is described. We are also especially proud of our study of ''leaking electricity,'' which is stimulating an international campaign for a one-watt ceiling for standby electricity losses from appliances. This ceiling has the potential to save two-thirds of the 5% of U.S. residential electricity currently expended on standby losses. The 54 vignettes contained in the following pages summarize results of research. activities ranging in scale from calculating the efficacy of individual lamp ballasts to estimating the cost-effectiveness of the national ENERGY STAR{reg_sign} labeling program, and ranging in location from a scoping study of energy-efficiency market transformation in California to development of an energy-efficiency project in the auto parts industry in Shandong Province, China. These are the intellectual endeavors of a talented team of researchers dedicated to public service.

  9. Price increase and credit crunch: a double punishment for the financing of energy projects. Review of the Ifri Energy Breakfast Roundtable, 25 November 2008 in Brussels; Hausse des prix et baisse des credits: double peine pour le financement de l'energie - Compte-rendu du 'Ifri Energy Breakfast Roundtable' du 25 Novembre 2008 a Bruxelles

    Energy Technology Data Exchange (ETDEWEB)

    Schulke, Ch.

    2009-07-01

    The roundtable starts by giving an overview of the consequences of the sharp decrease of the oil price and the credit crunch for the financing of energy projects. Some analysts say that under-investment will be the main result and they hence predict a major supply crunch in some year's time. Others are more optimistic and point to the compensation and mitigating effects of the current situation, e.g. demand destruction and substitution. So a major question for the future is the extent of demand destruction that has happened: will this demand come back once the economic crisis is over? Furthermore, as developing costs decrease, will lower cost pressure allow some important projects to go forward? Finally, will the low oil revenue have an influence on producer countries stance on foreign investment by International Oil Companies? A discussion with the audience follows the presentations

  10. Prospective energy sources and their comparison with current supplies

    Science.gov (United States)

    Voitsekhovskii, B. V.

    1980-10-01

    The comparative physical-technical and economic characteristics of renewable energy sources are analyzed. The significant advantages of wind energy for future use over oil, gas, and coal are demonstrated. Costs of wind electrical energy are compared in the U.S., Denmark, and the U.S.S.R.

  11. 78 FR 72874 - Revision of a Currently Approved Information Collection for the Energy Efficiency and...

    Science.gov (United States)

    2013-12-04

    ... Revision of a Currently Approved Information Collection for the Energy Efficiency and Conservation Block... information and reporting guidance concerning the Energy Efficiency and Conservation Block Grant (EECBG...: ``Energy Efficiency and Conservation Block Grant (EECBG) Program Status Report''; (3) Type of...

  12. Wind Plant Preconstruction Energy Estimates. Current Practice and Opportunities

    Energy Technology Data Exchange (ETDEWEB)

    Clifton, Andrew [National Renewable Energy Lab. (NREL), Golden, CO (United States); Smith, Aaron [National Renewable Energy Lab. (NREL), Golden, CO (United States); Fields, Michael [National Renewable Energy Lab. (NREL), Golden, CO (United States)

    2016-04-19

    Understanding the amount of energy that will be harvested by a wind power plant each year and the variability of that energy is essential to assessing and potentially improving the financial viability of that power plant. The preconstruction energy estimate process predicts the amount of energy--with uncertainty estimates--that a wind power plant will deliver to the point of revenue. This report describes the preconstruction energy estimate process from a technical perspective and seeks to provide insight into the financial implications associated with each step.

  13. Cost prices and partially fixed factor proportions in energy substitution. Institut fuer Gesellschafts- und Wirtschaftswissenschaften der Universitaet Bonn. Bericht

    Energy Technology Data Exchange (ETDEWEB)

    Conrad, K.

    1980-06-01

    The objective of this paper is to propose an approach in production economics which incroporates the aspect of substitutability in the neoclassical theory as well as the aspect of partially fixed factor proportions in the Walras-Leontief approach. The crucial idea is to decompose the input quantity in a component bound by the use of other inputs and in a component unbound or free for substitution. From the cost side this partitioning implies that the effective price of a factor consists of the own price as well as of weighted prices of the other inputs with weights indicating which inputs are bound in which order of magnitude to the use of a unit of the corresponding factor of production.

  14. Price and Income Elasticities of Fuel Demand in Kosova

    Directory of Open Access Journals (Sweden)

    Valon Kastrati

    2015-02-01

    Full Text Available Gasoline and diesel are the main sources of fuel required for modern life and transportation, and the adjustment of gasoline and diesel prices has become a major public issue. The drastic fluctuations in recent international oil prices have affected retail gasoline and diesel prices also in the Western Balkan countries and prompted public opinion to question the pricing behaviors of oil companies. Kosova, in the period of 17 years, has gone from a post-conflict  environment  into a state which is considered to be under transition. It has passed the reconstruction period by orienting itself toward the economic development  and European Integrations.  Price and income elasticities of gasoline demand show whether the price policy, pursued by the Kosova government, can decrease the high gasoline consumption sufficiently or not. The high deficit of the current account of balance of payments is also a concern for the Kosova’s economy; which is estimated up to 17.3% of the GDP after the foreign intervention.   The deficit of current account is being considered is related to the energy dependency. Therefore, in order to overcome such problems, control over the gasoline demand is needed to control the deficit of current accounts.Keywords:  oil price, economic development, imports, trade deficit.

  15. Energy power forward prices. Are forward prices rationally determined by agents in the Colombian market? Los precios forward sobre electricidad. ¿Determinados racionalmente por los agentes del mercado colombiano?

    Directory of Open Access Journals (Sweden)

    Gloria Stella Salazar Marín

    2011-06-01

    Full Text Available This article considers fixed-terms transactions made by agents, in diverse segments of the Colombian energy power market, using forward contracts in order to secure buying/selling prices. The random behavior of prices and quantities, which is handled in the energy power flux, implies the sacrifice of agents according to the transaction segment (regulated, non-regulated or intermediary. In addition to this, the premium, which is paid in the commercial exchange with forwards, is defined by the agents’ expectations and is a reflection of their risk aversion level. This involves financial rationality in the establishment of the premium in order to secure a price on uncertain energy power quantity in the future. Thus, the measurement of such expectation becomes useful, as it is defined by the type of market in which the transaction is being made.El artículo considera las transacciones a plazo sobre electricidad que los agentes del mercado eléctrico en Colombia, en sus diferentes segmentos, hacen por medio de contratos forward, con el fin de asegurar el precio de compra/venta. El comportamiento aleatorio de los precios y las cantidades que se manejan de flujo eléctrico implican el sacrificio de alguno de los agentes, dependiendo del segmento —regulado, no-regulado o intermediación— en el que se realice la operación. Además, la prima que se paga en los intercambios comerciales con forwards está definida por las expectativas de los agentes y es un reflejo de su grado de aversión al riesgo, lo que involucra racionalidad financiera en el establecimiento de la misma, con el propósito de asegurar un precio sobre una cantidad incierta de electricidad a futuro. Así, resulta de mucha utilidad tener una medición de dicha expectativa, definida por el tipo de mercado en el cual se realiza el negocio.

  16. Artificial Shortages and Strategic Pricing

    Directory of Open Access Journals (Sweden)

    Partha Gangopadhyay

    2012-01-01

    Full Text Available Problem statement: We consider a monopolist who manipulates the market by artificially creating shortages that result in an increase in current price that, in turn, boosts demand for the product in subsequent periods. The approach is to develop an intertemporal model of pricing strategy for a monopolist. Approach: The postulated pricing strategy creates an incentive for producers to reduce current supply and raise current prices and sacrifice current profits in order to increase future profits. The main problem is to explain the precise mathematical conditions under which the pricing strategy will be chosen by a monopolist. Results: We derive the optimal pricing strategy to argue that the monopolist has an incentive to adopt simple market manipulation that calls forth a close examination of issues concerning deregulation. Conclusion: The paper examines two possible strategies for a typical monopolist-strategic pricing vis-a-vis a myopic pricing. The intuition is that the monopolist can manipulate the market by artificially creating shortages that result in an increase in current price that, in turn, boosts demand for the product in subsequent periods.

  17. Approximate option pricing

    Energy Technology Data Exchange (ETDEWEB)

    Chalasani, P.; Saias, I. [Los Alamos National Lab., NM (United States); Jha, S. [Carnegie Mellon Univ., Pittsburgh, PA (United States)

    1996-04-08

    As increasingly large volumes of sophisticated options (called derivative securities) are traded in world financial markets, determining a fair price for these options has become an important and difficult computational problem. Many valuation codes use the binomial pricing model, in which the stock price is driven by a random walk. In this model, the value of an n-period option on a stock is the expected time-discounted value of the future cash flow on an n-period stock price path. Path-dependent options are particularly difficult to value since the future cash flow depends on the entire stock price path rather than on just the final stock price. Currently such options are approximately priced by Monte carlo methods with error bounds that hold only with high probability and which are reduced by increasing the number of simulation runs. In this paper the authors show that pricing an arbitrary path-dependent option is {number_sign}-P hard. They show that certain types f path-dependent options can be valued exactly in polynomial time. Asian options are path-dependent options that are particularly hard to price, and for these they design deterministic polynomial-time approximate algorithms. They show that the value of a perpetual American put option (which can be computed in constant time) is in many cases a good approximation to the value of an otherwise identical n-period American put option. In contrast to Monte Carlo methods, the algorithms have guaranteed error bounds that are polynormally small (and in some cases exponentially small) in the maturity n. For the error analysis they derive large-deviation results for random walks that may be of independent interest.

  18. Current Status and Prospects of Biomass Energy Industry in China

    Institute of Scientific and Technical Information of China (English)

    2009-01-01

    At present biomass energy industry is in its infancy in China and it has a bright future. Biomass energy production used grain as raw materials has entered industrialization phase.Some key technologies of biomass energy industry are coming to mature.China has issued relevant industrial standards laws and regulations,and has provided support in finance,loan,tax,etc.But China's biomass energy industry is faced with many problems which need to be solved.For example,taking grain as raw materials is unsustain...

  19. Price increase

    CERN Multimedia

    2006-01-01

    Please take note that after five years of stable prices at Restaurant No 1 a price increase will come into force on 1st January 2006. This increase has been agreed after discussions between the CSR (Comité de Surveillance des Restaurants) and the catering company Novae and will reflect the inflation rate of the last few years. In addition, a new children's menu will be introduced, as well as 'Max Havelaar' fair-trade coffee at a price of 1.70 CHF.

  20. Price increase

    CERN Multimedia

    2005-01-01

    Please take note that after five years of stable prices at Restaurant No 1 a price increase will come into force on 1st January 2006. This increase has been agreed after discussions between the CSR (Comité de Surveillance des Restaurants) and the catering company Novae and will reflect the inflation rate of the last few years. In addition, a new children's menu will be introduced as well as 'Max Havelaar' fair-trade coffee at a price of 1.70 CHF.

  1. Patients' views on price shopping and price transparency.

    Science.gov (United States)

    Semigran, Hannah L; Gourevitch, Rebecca; Sinaiko, Anna D; Cowling, David; Mehrotra, Ateev

    2017-06-01

    Driven by the growth of high deductibles and price transparency initiatives, patients are being encouraged to search for prices before seeking care, yet few do so. To understand why this is the case, we interviewed individuals who were offered access to a widely used price transparency website through their employer. Qualitative interviews. We interviewed individuals enrolled in a preferred provider organization product through their health plan about their experience using the price transparency tool (if they had done so), their past medical experiences, and their opinions on shopping for care. All interviews were transcribed and manually coded using a thematic coding guide. In general, respondents expressed frustration with healthcare costs and had a positive opinion of the idea of price shopping in theory, but 2 sets of barriers limited their ability to do so in reality. The first was the salience of searching for price information. For example, respondents recognized that due to their health plan benefits design, they would not save money by switching to a lower-cost provider. Second, other factors were more important than price for respondents when choosing a provider, including quality and loyalty to current providers. We found a disconnect between respondents' enthusiasm for price shopping and their reported use of a price transparency tool to shop for care. However, many did find the tool useful for other purposes, including checking their claims history. Addressing the barriers to price shopping identified by respondents can help inform ongoing and future price transparency initiatives.

  2. Energy Sustainability and the Army: The Current Transformation

    Science.gov (United States)

    2009-04-01

    States’ Oil Addiction , p. 186. 11 . “1979 Energy Crisis”, Wikipedia, p. 2-3, http://en.wikipedia.org/wiki/1979_energy_crisis. 12 . “1980’s Oil Glut...From Sugar And Carbohydrates ”, Science News, 19 September 2008. Available From Http://Www.Sciencedaily,Com/Releases/2008/09/080918170827.Htm. Accessed

  3. Current perspective of the renewable energy development in Malaysia

    Energy Technology Data Exchange (ETDEWEB)

    Ahmad, Salsabila [Department of Electrical and Electronics Engineering, Faculty of Engineering, Universiti Putra Malaysia, 43400 Serdang, Selangor (Malaysia); Department of Electrical System Engineering, Universiti Malaysia Perlis, 02000 Kuala Perlis, Perlis (Malaysia); Kadir, Mohd Zainal Abidin Ab [Alternative and Renewable Energy Laboratory, Institute of Advanced Technology, Universiti Putra Malaysia, 43400 Serdang, Selangor (Malaysia); Shafie, Suhaidi [Department of Electrical and Electronics Engineering, Faculty of Engineering, Universiti Putra Malaysia, 43400 Serdang, Selangor (Malaysia)

    2011-02-15

    It is estimated that oil reserves will not last very much longer; thus, a switch to alternative energy solutions is crucial. The Malaysian government has already prepared to face the situation decades before. Many policies have been implemented, as well as programmes and initiative. Now, Malaysia is waiting for the ultimate solutions, the Malaysian Fit-in Tariff (FiT), which is scheduled to be implemented second quarter of 2011. This paper presents the main sources of alternative renewable energy in Malaysia and its potential as well as the main reasons Malaysia is turning to alternative energy solutions; to fully utilize its renewable energy (RE) resources, fulfill the energy demand in the future and to reduce carbon emissions. This paper also discusses the steps taken by the government in preparation for FiT and overcoming the barriers in RE development. (author)

  4. Entropy, pricing and macroeconomics of pumped-storage systems

    Science.gov (United States)

    Karakatsanis, Georgios; Mamassis, Nikos; Koutsoyiannis, Demetris; Efstratiadis, Andreas

    2014-05-01

    We propose a pricing scheme for the enhancement of macroeconomic performance of pumped-storage systems, based on the statistical properties of both geophysical and economic variables. The main argument consists in the need of a context of economic values concerning the hub energy resource; defined as the resource that comprises the reference energy currency for all involved renewable energy sources (RES) and discounts all related uncertainty. In the case of pumped-storage systems the hub resource is the reservoir's water, as a benchmark for all connected intermittent RES. The uncertainty of all involved natural and economic processes is statistically quantifiable by entropy. It is the relation between the entropies of all involved RES that shapes the macroeconomic state of the integrated pumped-storage system. Consequently, there must be consideration on the entropy of wind, solar and precipitation patterns, as well as on the entropy of economic processes -such as demand preferences on either current energy use or storage for future availability. For pumped-storage macroeconomics, a price on the reservoir's capacity scarcity should also be imposed in order to shape a pricing field with upper and lower limits for the long-term stability of the pricing range and positive net energy benefits, which is the primary issue of the generalized deployment of pumped-storage technology. Keywords: Entropy, uncertainty, pricing, hub energy resource, RES, energy storage, capacity scarcity, macroeconomics

  5. Corn prices and alcohol production

    Energy Technology Data Exchange (ETDEWEB)

    Wangsness, W.

    1979-09-01

    Corn has attracted the most attention as a feedstock for alcohol production. The economics are computed on the basis of fixed costs for labor, taxes, depreciation, heat, and enzymes. Changes in feedstock prices are shown to determine whether corn is used for energy or protein as cattle feed. Comparisons of gasoline refined from imported oil and gasohol are made for a range of prices per bushel and oil prices per barrel. (DCK)

  6. 从广义虚拟经济角度对能源价格改革的建议%Proposals of Energy Price Reform under the Perspective of Generalized Virtual Economy

    Institute of Scientific and Technical Information of China (English)

    刘喜梅; 温桂芳

    2014-01-01

    Energy is essential in a strategic position in the country's economic development. Promoting energy price reform is the key to improving energy efficiency. At present time, to perfect the market mecha-nism becomes the predominant direction of the reform of energy prices. Based on extended virtual economy research, the new era of energy price reforms status in China and issues are analyzed and a number of recom-mendations are put forward. Suggestions included:setting up the values of humanism in the reform of energy prices, paying more attention to the energy value of virtual property, accelerating the process of energy price reform, perfecting the market mechanism for energy prices, constituting compensation costs in energy pric-es and promoting energy virtual market system construction, and so on.%能源在一国经济发展中的战略地位至关重要。推进能源价格改革是提高能源经济效率的关键,当前完善市场价格机制成为能源价格改革的主导方向。基于广义虚拟经济视角,对新时期我国能源价格改革的现状与问题进行了分析,并提出若干建议。建议包括:树立能源价格改革的人本价值观,重视能源虚拟价值属性,加快能源价格改革进程,完善能源价格的市场形成机制,能源价格构成要补偿虚拟成本以及推进能源虚拟金融市场体系建设等。

  7. Current Status and Challenges in Wind Energy Assessment

    DEFF Research Database (Denmark)

    Gryning, Sven-Erik; Badger, Jake; Hahmann, Andrea N.

    2014-01-01

    Here we discuss the status and challenges in the development of atlases for the assessment of the regional and global wind resources. The text more specifically describes a methodology that is under development at DTU Wind Energy in Denmark. As the wind assessment is based on mesoscale modelling,......, some of the specific challenges in mesoscale modelling for wind energy purposes are discussed such as wind profiles and long-term statistics of the wind speed time series. Solutions to these challenges will help secure an economic and effective deployment of wind energy....

  8. Impact of European pharmaceutical price regulation on generic price competition: a review.

    Science.gov (United States)

    Puig-Junoy, Jaume

    2010-01-01

    Although economic theory indicates that it should not be necessary to intervene in the generic drug market through price regulation, most EU countries intervene in this market, both by regulating the maximum sale price of generics (price cap) and by setting the maximum reimbursement rate, especially by means of reference pricing systems. We analyse current knowledge of the impact of direct price-cap regulation of generic drugs and the implementation of systems regulating the reimbursement rate, particularly through reference pricing and similar tools, on dynamic price competition between generic competitors in Europe. A literature search was carried out in the EconLit and PubMed databases, and on Google Scholar. The search included papers published in English or Spanish between January 2000 and July 2009. Inclusion criteria included that studies had to present empirical results of a quantitative nature for EU countries of the impact of price capping and/or regulation of the reimbursement rate (reference pricing or similar systems) on price dynamics, corresponding to pharmacy sales, in the generic drug market. The available evidence indicates that price-cap regulation leads to a levelling off of generic prices at a higher level than would occur in the absence of this regulation. Reference pricing systems cause an obvious and almost compulsory reduction in the consumer price of all pharmaceuticals subject to this system, to a varying degree in different countries and periods, the reduction being greater for originator-branded drugs than for generics. In several countries with a reference pricing system, it was observed that generics with a consumer price lower than the reference price do not undergo price reductions until the reference price is reduced, even when there are other lower-priced generics on the market (absence of price competition below the reference price). Beyond the price reduction forced by the price-cap and/or reference pricing regulation itself

  9. Cost minimization and asset pricing

    OpenAIRE

    Robert G. Chambers; John Quiggin

    2005-01-01

    A cost-based approach to asset-pricing equilibrium relationships is developed. A cost function induces a stochastic discount factor (pricing kernel) that is a function of random output, prices, and capital stockt. By eliminating opportunities for arbitrage between financial markets and the production technology, firms minimize the current cost of future consumption. The first-order conditions for this cost minimization problem generate the stochastic discount factor. The cost-based approach i...

  10. Demand-Side Energy Management

    NARCIS (Netherlands)

    Molderink, Albert; Iniewski, K.

    2012-01-01

    Concerns about climate change, increasing energy prices and dependability of energy supply ask for drastic changes in the energy supply chain, but also in the current demand-supply philosophy. Current trends in energy consumptions result in an increasing and more fluctuating electricity usage, causi

  11. Aquantis Ocean Current Turbine Development Project Report

    Energy Technology Data Exchange (ETDEWEB)

    Fleming, Alex J.

    2014-08-23

    The Aquantis® Current Plane (“C-Plane”) technology developed by Dehlsen Associates, LLC (DA) and Aquantis, Inc. is an ocean current turbine designed to extract kinetic energy from ocean currents. The technology is capable of achieving competitively priced base-load, continuous, and reliable power generation from a source of renewable energy not before possible in this scale or form.

  12. Meson exchange currents in pion double charge exchange at high energies

    CERN Document Server

    Alvarez-Ruso, L

    1995-01-01

    In this letter we study the high energy behavior of the forward differential cross section for the O(18)(pi+,pi-)Ne(18) double charge exchange reaction. We have evaluated the sequential and the meson exchange current mechanisms. The meson exchange current contribution shows a very weak energy dependence and becomes dominant at incident pion kinetic energies above 600 MeV.

  13. Fair pricing, and pricing paradoxes

    Directory of Open Access Journals (Sweden)

    Barbara Swart

    2016-05-01

    Full Text Available The St Petersburg Paradox revolves round the determination of a fair price for playing the St Petersburg Game. According to the original formulation, the price for the game is infinite, and, therefore, paradoxical. Although the St Petersburg Paradox can be seen as concerning merely a game, Paul Samuelson (1977 calls it a “fascinating chapter in the history of ideas”, a chapter that gave rise to a considerable number of papers over more than 200 years involving fields such as probability theory and economics. In a paper in this journal, Vivian (2013 undertook a numerical investigation of the St Petersburg Game. In this paper, the central issue of the paradox is identified as that of fair (risk-neutral pricing, which is fundamental in economics and finance and involves important concepts such as no arbitrage, discounting, and risk-neutral measures. The model for the St Petersburg Game as set out in this paper is new and analytical and resolves the so-called pricing paradox by applying a discounting procedure. In this framework, it is shown that there is in fact no infinite price paradox, and simple formulas for obtaining a finite price for the game are also provided.

  14. Challenges and Strength of Current Industrial Energy Efficiency Management Practices in Steam Industries

    Science.gov (United States)

    Nkosi, S. B.; Pretorius, J. H. C.

    2017-07-01

    The aim of this study is to achieve greater output by examining the existing way of coordinating the determined attempts of Steam Industries in South Africa to successfully reach a sustainable industrial development by using energy source adequately in a more competent way. Furthermore into the study we look at obstacles that prevent and those that leads to maximum utilization of energy management measures and also highlights the effects of implementing cheap available energy source in South Africa. The investigation and analysis have shown that energy is not well managed in Steam Industries and that the use of energy is minimized and not fully utilized due to poor management and lack of knowledge. Another detection was that lack of government structured and strategic measures of implementing and motivating the use of energy effectively. The effective and rational use of available power by Steam Industries in South Africa is a key player in developing a sustainable industrial development. The use of energy efficiency management strategies has contributed an increase in economic and improve environmentally friendly in the industrial sector. The slow pace adoption of energy saving and cost effective management programmes are negatively impacting on the benefits to Steam Industries in South Africa. In conclusion the study finds that the economy can be boosted by implementing energy efficiency management programmes and environmentally friendly. These will also stabilize the negative impact of energy raising prices.

  15. Le futur prix de l'énergie : faut-il orienter les prix du pétrole vers la hausse? The Future Price of Energy. Should Oil Prices Be Allowed to Driff Upwards?

    Directory of Open Access Journals (Sweden)

    Desprairies P.

    2006-11-01

    rise in crude oil prices or for them to be brought into line, in the near future, with the prise of the most expensive unconventional oils. In the years to come, the supply and demand of conventional oil are what will govern oil prices, i. e. the rate of investments in conventional oil, cool and nuclear electricity. It will be difficult to bring about a further rise in constant prices before the production capacity surplus has disappeared, i. e. hardly before 1983/1985 if economic growth and the oil supply continue to evolve ai the rates now being forecast. Although it is tempting to evaluate the long-range price of oil ai about 50 % more than the current selling price, i. e. about g 20 (1978 dollars per barrel, this is done much more by reference ta the assumed desires of the producing countries and to the purchasing power of importing countries thon ta the production cost of unconventional ail. It is now not very likely that the dialogue between ail exporting and purchasing countries, as the point of departure for a controlled price escalation, will corne into being before a more or less severe supplycrisis has made the need for such a dialogue obvious.

  16. Reform Trend of China Natural Gas Price Policy

    Institute of Scientific and Technical Information of China (English)

    Du Wei; Liu Xinping

    2012-01-01

    China's natural gas price policy reform lags behind refined oil price reform comparatively, and current natural gas price policy could not adapt to the new situation of large scale import of foreign natural gas. Natural gas price reform could refer to the reform mode of refined oil price.

  17. Trend of Price and Economic Development in 2005

    Institute of Scientific and Technical Information of China (English)

    2005-01-01

    @@ The situation of the four major kinds of price in 2004-residents' con sumption price, price of production means, interest rate, foreign exchange rate-became main concern from the domestic and international personages. By reviewing the market price in 2004, and analyzing the current price variables, we will easily find the prospects of Chinese economy and people's life in 2005.

  18. MARCH 2005 PRICES

    Institute of Scientific and Technical Information of China (English)

    2005-01-01

    Continuous cold RE market has been a headache for producers. Markup of raw materials, energy and transportation expense is a disaster in succession. Entering March, there is a trend of warm-up in the market, and some RE products have got higher prices than last year. Details are listed below.

  19. Survey on utility technology of a tidal and ocean current energy

    Science.gov (United States)

    Hirose, Manabu; Kadoyu, Masataka; Tanaka, Hiroyoshi

    1987-06-01

    A study is made to show the current technological levels in Japan and other nations regarding the conversion of tidal current or ocean current energy to electric power and to determine the latent energy quantities and energy-related characteristics of tidal and ocean currents. In Japan, relatively large-scale experiments made so far mostly used one of the following three types of devices: Savonius-wheel type, Darrieus-wheel type, and cross-flow-wheel type. Field experiments of tidal energy conversion have been performed at the Naruto and Kurushima Straits. The energy in the Kuroshio current is estimated at about 170 billion kWh per year. Ocean current energy does not undergo large seasonal variations. The total energy in major straits and channels in the Inland Sea and other sea areas to the west is estimated at about 124 billion kWh per year. Tidal current energy shows large seasonal variations, but it is possible to predict the changes. A survey is made to determine energy-related characteristics of a tidal current at Chichino-seto, Kagoshima Prefecture. At Chichino-seto, the flow velocity ranges from 0 to 2.2m/s, with a latent tidal current energy of about 70 kW, of which about 20 kW can actually be utilized.

  20. Current status and future potential of energy derived from Chinese agricultural land: a review.

    Science.gov (United States)

    Zhai, Ningning; Mao, Chunlan; Feng, Yongzhong; Zhang, Tong; Xing, Zhenjie; Wang, Yanhong; Zou, Shuzhen; Yin, Dongxue; Han, Xinhui; Ren, Guangxin; Yang, Gaihe

    2015-01-01

    Energy crisis is receiving attention with regard to the global economy and environmental sustainable development. Developing new energy resources to optimize the energy supply structure has become an important measure to prevent energy shortage as well as achieving energy conservation and emission reduction in China. This study proposed the concept of energy agriculture and constructed an energy agricultural technical support system based on the analysis of energy supply and demand and China's foreign dependence on energy resources, combined with the function of agriculture in the energy field. Manufacturing technology equipment and agricultural and forestry energy, including crop or forestry plants and animal feces, were used in the system. The current status and future potential of China's marginal land resources, energy crop germplasm resources, and agricultural and forestry waste energy-oriented resources were analyzed. Developing the function of traditional agriculture in food production may promote China's social, economic, and environmental sustainable development and achieve energy saving and emission reduction.

  1. Energy Generation Potential of West African Ocean Current ...

    African Journals Online (AJOL)

    PROF. OLIVER OSUAGWA

    2015-12-01

    Dec 1, 2015 ... Department of Marine Engineering, Faculty of Technology, Federal University of Petroleum Resources, P.M.B. 1221 ... West Africa in a streamed regular supply. ... system; Design of ocean current generating system whose efficiency relies .... Offloading Liquefied Natural Gas Facility for Offshore West Africa.

  2. Analysis of China's Renewable Energy Development under the Current Economic and Technical Circumstances

    Institute of Scientific and Technical Information of China (English)

    Dan Shi

    2009-01-01

    At present, the development of renewable energy relies mainly on government support. The government invests in a considerable number of projects to improve public welfare and to assist in poverty relief. If China is to replace fossil fuels on a large scale with renewable energy sources, the production costs und prices of renewable energy must he brought down. All countries are facing the challenge of moving to a more secure and low-carbon energy system without weakening economic and social development. In this regard, China is facing an even greater challenge in terms of economic cost, as cheap coal remains the main energy form. Technical innovation and industrialization in the area of renewable energy is an important means of lowering cost. China is in for a period of high-speed development of its economy and the rising demand for energy is irreversible. If the technical progress and development speed of renewable energy lags behind the growth in demand, it will be difficult to realize the improvement of its energy structure.

  3. Ground-state entanglement in a three-spin transverse Ising model with energy current

    Institute of Scientific and Technical Information of China (English)

    Zhang Yong; Liu Dan; Long Gui-Lu

    2007-01-01

    The ground-state entanglement associated with a three-spin transverse Ising model is studied. By introducing an energy current into the system, a quantum phase transition to energy-current phase may be presented with the variation of external magnetic field; and the ground-state entanglement varies suddenly at the critical point of quantum phase transition. In our model, the introduction of energy current makes the entanglement between any two qubits become maximally robust.

  4. The current status of wind energy in Turkey and in the world

    Energy Technology Data Exchange (ETDEWEB)

    Ilkilic, Cumali [Department of Automotive, Faculty of Technical Education, Firat University, Elazig 23119 (Turkey); Aydin, Hueseyin; Behcet, Rasim [Department of Automotive, Faculty of Technical Education, Batman University, Batman 72060 (Turkey)

    2011-02-15

    The rapid increase in world energy demand, the depletion of conventional energy sources and the pollution caused by conventional fuels have increased the importance of developing new and renewable energy sources. Additionally, technological developments have resulted in increased energy demand for the entire world, including Turkey, especially for electrical energy. At present, wind energy is receiving considerable attention. This report focuses on the current status of wind energy in Turkey and in the world. An overview of wind energy in Turkey is presented, and its current status, application, support mechanisms and associated legislation in Turkey are described. Wind energy and its status in the world are also addressed. It can be concluded from this analysis that wind energy utilization in Turkey and throughout world has sharply increased. Turkey has an abundance of wind energy sources. (author)

  5. Effects of high energy prices on scenarios for greenhouse gas emissions. Final report; Energiepreise und Klimaschutz. Wirkung hoher Energietraegerpreise auf die CO{sub 2}-Emissionsminderung bis 2030. Abschlussbericht

    Energy Technology Data Exchange (ETDEWEB)

    Matthes, Felix Christian; Graichen, Verena; Harthan, Ralph O.; Repenning, Julia [Oeko-Institut, Berlin (Germany); Horn, Manfred [DIW Berlin (Germany); Krey, Volker; Markewitz, Peter; Martinsen, Dag [Forschungszentrum Juelich (Germany). Programmgruppe STE

    2008-05-15

    Against the background of high increases in the prices of the primary energy carriers crude oil, natural gas and hard coal, which are traded on international markets, three scenarios of the price development of the most important energy carriers are developed. Using energy price assumptions, a scenario analysis is undertaken with regard to the development of CO{sub 2} emissions in Germany as a whole as well as in terms of the different energy sectors. The emission scenarios are analysed with respect to the electricity industry in Germany using both IKARUS, the energy system model geared towards macroeconomic optimisation, and ELIAS, the sector model based on microeconomic considerations. The model analyses are supplemented by an overview of literature with regard to similar model analyses. (orig.)

  6. 价格规制、煤炭资源与能源约束:最优开发路径试解%Price Regulation, Coal Resources, Energy Constraints:Optimization Model of Development

    Institute of Scientific and Technical Information of China (English)

    张建斌

    2011-01-01

    The coal plays an important role of in China's energy economy. There are some problems in the cost accounting elements of the sustainable utilization of coal resources and the current cost accounting of coal resources. Therefore, the government price regu%煤炭在国民经济具有重要的战略地位。煤炭资源可持续利用的成本核算构成要素和现阶段我国煤炭资源成本核算存在一些问题。政府必须对煤炭资源进行价格规制,使煤炭价格能充分体现煤炭产业科学发展的要求,形成煤炭资源可持续利用的价格机制。

  7. Neutral current neutrino-nucleus interactions at intermediate energies

    CERN Document Server

    Leitner, T; Mosel, U

    2006-01-01

    We have extended our model for charged current neutrino-nucleus interactions to neutral current reactions. For the elementary neutrino-nucleon interaction, we take into account quasielastic scattering, Delta excitation and the excitation of the resonances in the second resonance region. Our model for the neutrino-nucleus collisions includes in-medium effects such as Fermi motion, Pauli blocking, nuclear binding, and final-state interactions. They are implemented by means of the Giessen Boltzmann-Uehling-Uhlenbeck (GiBUU) coupled-channel transport model. This allows us to study exclusive channels, namely pion production and nucleon knockout. We find that final-state interactions modify considerably the distributions through rescattering, charge-exchange and absorption. Side-feeding induced by charge-exchange scattering is important in both cases. In the case of pions, there is a strong absorption associated with the in-medium pionless decay modes of the Delta, while nucleon knockout exhibits a considerable enh...

  8. Based on the Current Bidding Situation, General Situation of The Drug Prices in Our Analysis%基于当前招标形势下医院的药品价格概况分析

    Institute of Scientific and Technical Information of China (English)

    黄好武; 林伟杰; 孟茜

    2016-01-01

    目的:了解在当前招标形式下医院药品价格的波动情况,为指导药事管理人员及药学人员掌握当前医院药品价格情况提供参考。方法以启动新招标模式前后医院的药品价格做比较,比较时间从2013年1月至2015年12月,从竞价品种的价格、议价品种的价格以及基本用药及非基本用药进入低价目录后的价格等进行统计分析。结果药品价格下降品种有107个,价格上升品种有82个,价格无变化品种520个,厂家/通用名/规格完全一致的药品总费用下降了211.85万元。结论从目前该院药品价格统计信息可以看出,启动新的招标模式后,纳入低价目录及采购困难品种的大部分药品价格上涨,参与竞价采购模式的药品价格下降,药品总费用也在下降。%Objective In order to understand the fluctuation of prices in our hospital in the form of the current bidding and offer some reference of the hospital drug price at present to pharmacy management personnel and pharmacists.Methods Compare the hospital drug price before and after the new bidding mode from January 2013 to December 2015,analyze the statistic from multiple aspects such as the price of the bidding varieties,the price of the bargaining varieties,the price of the basic medicine and non essential drugs in the low-cost directory.Results There were reduction in drug price of 107 varieties and price rise of 82 varieties,there were 520 varieties without price fluctuation.The overal cost decreased about 211.85 milion yuan.Conclusion As can be seen from the current drug prices in our statistical information, start a new bidding mode,in low price catalog and procurement difficulties most varieties of drug prices,participate in the bidding model drug prices fal, drugs total cost is faling.

  9. Managing Current Complexity: Critical Energy Infrastructure Failures in North America

    Directory of Open Access Journals (Sweden)

    Colin MacDonald

    2012-04-01

    Full Text Available

    This paper applies the competing theories of High Reliability Organizations (HRO and Normal Accidents Theory (NAT, two competing views of risk management in highly-complex and tightly-coupled systems, in analyzing the 1998 Ice Storm and the 2003 Blackout to examine vulnerabilities in North America’s critical energy infrastructure (CEI. Inferences are then made by highlighting the similarities and differences in the two cases, which are then used to draw lessons for public managers regarding the protection of CEIs.

     

    As CEIs are highly-complex and tightly-coupled systems, failures stemming from complex and uncertain risks are inevitable. There is an increasingly low tolerance for failure in energy infrastructure because society’s critical infrastructures have become increasingly interdependent. Public managers must regulate CEIs in order to ensure an emphasis is placed on safety and security while also finding ways to reduce unnecessary complexities. It is through the adoption of such measures that public managers will aid in minimizing the cascading effects of inevitable failures.

     

  10. Effects of coal prices on merchandise prices in China

    Institute of Scientific and Technical Information of China (English)

    Ding Zhihua; Zhou Meihua; Liu Yan

    2011-01-01

    Coal is the principal form of energy used in China.Hence,coal price variations are expected to have some influence on merchandise prices.Monthly data from January,2002,to October,2010,were used to construct a varying-parameter state space model,and an error correction model,to estimate the influence of coal prices on Chinese merchandise prices.The time lag and the dynamic relationship were determined from the data.A long term equilibrium relationship between coal price and the PPI,and the CPI,can be observed.The long term influence of coal price fluctuations on the PPI is 0.263%.The corresponding value for the CPI is 0.157%.The PPI shows an influence from coal price change in the first period of observation:by eight periods the influence is obvious,after which it diminishes.The effect of coal price change on the CPI is rather weak and has no long term memory.Analysis of variance shows a similar situation.The elasticity coefficient of coal prices on the CPI,or the PPI,fluctuates over the 2002-2004 period.From 2002 to 2007 the influence elasticity on the CPI declined and subsequently levelled off after 2009.

  11. Current-driven plasma acceleration versus current-driven energy dissipation. I - Wave stability theory

    Science.gov (United States)

    Kelly, A. J.; Jahn, R. G.; Choueiri, E. Y.

    1990-01-01

    The dominant unstable electrostatic wave modes of an electromagnetically accelerated plasma are investigated. The study is the first part of a three-phase program aimed at characterizing the current-driven turbulent dissipation degrading the efficiency of Lorentz force plasma accelerators such as the MPD thruster. The analysis uses a kinetic theory that includes magnetic and thermal effects as well as those of an electron current transverse to the magnetic field and collisions, thus combining all the features of previous models. Analytical and numerical solutions allow a detailed description of threshold criteria, finite growth behavior, destabilization mechanisms and maximized-growth characteristics of the dominant unstable modes. The lower hybrid current-driven instability is implicated as dominant and was found to preserve its character in the collisional plasma regime.

  12. Electrical energy generation in Europe the current and future role of conventional energy sources in the regional generation of electricity

    CERN Document Server

    Morales Pedraza, Jorge

    2014-01-01

    Maximizing reader insights into the current use of conventional energy sources (such as fossil fuels) in the generation of electricity in the European region, this book addresses several key issues including: potential ways European countries could expand their energy sector in the coming years; the impact on the climate, the level of energy reserves, different efficiency measures that could be adopted to reduce the consumption of fossil fuels in the generation of electricity, and current and future energy production and consumption trends, amongst other topics.   Covering both how the use

  13. Subsidised energy prices in France: TPN – Tarif de première nécessité (“Basic needs” electricity price) and TSS – Tarif spécial de solidarité (special solidarity price for natural gas)

    CERN Multimedia

    2014-01-01

    Some members of the CERN personnel residing in France have once again received a letter informing them that they are eligible for the “TPN” and/or “TSS” subsidised energy prices (see Bulletin No. 08-09/2014). At the beginning of the year, the Organization contacted the French authorities, who confirmed that these subsidies are not applicable to members of the CERN personnel. The Organization therefore asks the members of its personnel who receive such a letter to call the freephone number (numéro vert) provided* to say that they do not wish to benefit from these subsidised energy prices. The Organization would like to remind the members of its personnel that, notably in line with the Code of Conduct, they are expected to refrain from unduly seeking to obtain such social benefits or subsidies and, where necessary, to take the necessary steps to relinquish them. The French authorities and the Organization are working closely to ensure that these letters a...

  14. Optimal dynamic pricing for deteriorating items with reference-price effects

    Science.gov (United States)

    Xue, Musen; Tang, Wansheng; Zhang, Jianxiong

    2016-07-01

    In this paper, a dynamic pricing problem for deteriorating items with the consumers' reference-price effect is studied. An optimal control model is established to maximise the total profit, where the demand not only depends on the current price, but also is sensitive to the historical price. The continuous-time dynamic optimal pricing strategy with reference-price effect is obtained through solving the optimal control model on the basis of Pontryagin's maximum principle. In addition, numerical simulations and sensitivity analysis are carried out. Finally, some managerial suggestions that firm may adopt to formulate its pricing policy are proposed.

  15. Charged Current Neutrino Nucleus Interactions at Intermediate Energies

    CERN Document Server

    Leitner, T; Mosel, U

    2006-01-01

    We have developed a model to describe the interactions of neutrinos with nucleons and nuclei, focusing on the region of the quasielastic and Delta(1232) peaks. We describe neutrino nucleon collisions with a fully relativistic formalism which incorporates state-of-the-art parametrizations of the form factors for both the nucleon and the N-Delta transition. The model has then been extended to finite nuclei, taking into account nuclear effects such as Fermi motion, Pauli blocking (both within the local density approximation), nuclear binding and final state interactions. The in-medium modification of the Delta resonance due to Pauli blocking and collisional broadening have also been included. Final state interactions are implemented by means of the Boltzmann-Uehling-Uhlenbeck (BUU) coupled-channel transport model. Results for charged current inclusive cross sections and exclusive channels as pion production and nucleon knockout are presented and discussed.

  16. High Penetrated Wind Farm Impacts on the Electricity Price: The Danish Case

    DEFF Research Database (Denmark)

    Haji Bashi, Mazaher; Yousefi, G. R.; Bak, Claus Leth;

    2016-01-01

    fossil fuel free overview in Danish energy policies, and the currently great share of wind power (more than 100% for some hours) in supplying the load, it is an interesting benchmark for the future electricity markets. Negative prices, price spikes, and price volatility are considered as the main effects......Energy trading policies, intermittency of wind farm output power, low marginal cost of the production, are the key factors that cause the wind farms to be effective on the electricity price. In this paper, the Danish electricity market is studied as a part of Nord Pool. Considering the completely...... of the high penetrated wind farm integration into electricity markets. Then, stochastic programming approach is employed to compare the volume of trades for a typical wind farm in a high and low wind penetrated market. Although increasing price spikes and volatility was reported in the literature...

  17. CO2 Allowance and Electricity Price Interaction

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    2007-07-01

    With the introduction of CO2 emission constraints on power generators in the European Union, climate policy is starting to have notable effects on energy markets. This paper sheds light on the links between CO2 prices, electricity prices, and electricity costs to industry. It is based on a series of interviews with industrial and electricity stakeholders, as well as a rich literature seeking to estimate the exact effect of CO2 prices on electricity prices.

  18. Assessment of Energy Production Potential from Ocean Currents along the United States Coastline

    Energy Technology Data Exchange (ETDEWEB)

    Haas, Kevin A. [Georgia Inst. of Technology, Atlanta, GA (United States)

    2013-10-03

    Increasing energy consumption and depleting reserves of fossil fuels have resulted in growing interest in alternative renewable energy from the ocean. Ocean currents are an alternative source of clean energy due to their inherent reliability, persistence and sustainability. General ocean circulations exist in the form of large rotating ocean gyres, and feature extremely rapid current flow in the western boundaries due to the Coriolis Effect. The Gulf Stream system is formed by the western boundary current of the North Atlantic Ocean that flows along the east coastline of the United States, and therefore is of particular interest as a potential energy resource for the United States.

  19. The current perspectives of nuclear energy and non-proliferation

    Energy Technology Data Exchange (ETDEWEB)

    Gilinsky, Victor

    2012-07-01

    The main reason given nowadays for supporting nuclear plant construction around the world is that the plants do not produce CO{sub 2}. The negative aspects are costs so high as to require subsidies, the possible connection with proliferation, and since the Fukushima accident, a renewed concern about nuclear safety. To make a dent on global climate, we would need many power reactors, perhaps a thousand worldwide, perhaps more. Such a scale-up is not likely in view of nuclear power's high cost. Fukushima demonstrated that LWRs are capable of large accidental releases of radioactivity, roughly comparable to that at Chernobyl. While effective evacuation can protect people, the evacuates may never be able to return. The half- life of cesium 137, the main contaminant, is about 30 years, and it may take several half-lives to make an area acceptable for rehabilitation. In Fukushima about 100,000 persons were evacuated from an area of about 1000 square kilometer. When it comes to proliferation, there are strong arguments over whether we can have nuclear power without nuclear weapons. The 1946 US Acheson-Lilienthal Report argued that gaining nuclear energy's benefits without proliferation required strict international control. Inspection alone couldn't afford any reasonable security against the diversion of such materials to the purposes of war. The authors view is that the connection between technologies for nuclear power and nuclear weapons is still so close that you can't get the benefits of power without increasing the risks of weapons spread. Up to now we have allowed our interest in nuclear power to trump our bomb worries. It is time to rethink the proliferation risk of a large increase in nuclear power capacity.

  20. Studies of breakeven prices and electricity supply potentials of nuclear fusion by a long-term world energy and environment model

    Science.gov (United States)

    Tokimatsu, K.; Asaoka, Y.; Konishi, S.; Fujino, J.; Ogawa, Y.; Okano, K.; Nishio, S.; Yoshida, T.; Hiwatari, R.; Yamaji, K.

    2002-11-01

    In response to social demand, this paper investigates the breakeven price (BP) and potential electricity supply of nuclear fusion energy in the 21st century by means of a world energy and environment model. We set the following objectives in this paper: (i) to reveal the economics of the introduction conditions of nuclear fusion; (ii) to know when tokamak-type nuclear fusion reactors are expected to be introduced cost-effectively into future energy systems; (iii) to estimate the share in 2100 of electricity produced by the presently designed reactors that could be economically selected in the year. The model can give in detail the energy and environment technologies and price-induced energy saving, and can illustrate optimal energy supply structures by minimizing the costs of total discounted energy systems at a discount rate of 5%. The following parameters of nuclear fusion were considered: cost of electricity (COE) in the nuclear fusion introduction year, annual COE reduction rates, regional introduction year, and regional nuclear fusion capacity projection. The investigations are carried out for three nuclear fusion projections one of which includes tritium breeding constraints, four future CO2 concentration constraints, and technological assumptions on fossil fuels, nuclear fission, CO2 sequestration, and anonymous innovative technologies. It is concluded that: (1) the BPs are from 65 to 125 mill kW-1 h-1 depending on the introduction year of nuclear fusion under the 550 ppmv CO2 concentration constraints; those of a business-as-usual (BAU) case are from 51 to 68 mill kW-1h-1. Uncertainties resulting from the CO2 concentration constraints and the technological options influenced the BPs by plus/minus some 10 30 mill kW-1h-1, (2) tokamak-type nuclear fusion reactors (as presently designed, with a COE range around 70 130 mill kW-1h-1) would be favourably introduced into energy systems after 2060 based on the economic criteria under the 450 and 550 ppmv CO2

  1. 78 FR 49736 - Revision of a Currently Approved Information Collection for the Energy Efficiency and...

    Science.gov (United States)

    2013-08-15

    ... Revision of a Currently Approved Information Collection for the Energy Efficiency and Conservation Block... information and reporting guidance concerning the Energy Efficiency and Conservation Block Grant (EECBG... information collection request contains: (1) 1910-5150; (2) ``Energy Efficiency and Conservation Block...

  2. High-energy tritium beams as current drivers in tokamak reactors

    Energy Technology Data Exchange (ETDEWEB)

    Mikkelsen, D.R.; Grisham, L.R.

    1983-04-01

    The effect on neutral-beam design and reactor performance of using high-energy (approx. 3-10 MeV) tritium neutral beams to drive steady-state tokamak reactors is considered. The lower current of such beams leads to several advantages over lower-energy neutral beams. The major disadvantage is the reduction of the reactor output caused by the lower current-drive efficiency of the high-energy beams.

  3. The impact of Energy Performance Certificate level on house listing prices. First evidence from Italian real estate

    National Research Council Canada - National Science Library

    Elena Fregonara; Diana Rolando; Patrizia Semeraro; Marta Vella

    2014-01-01

      The recent dispositions related to the energy performance of buildings, launched by the European Directives 2002/91/EC and 2010/31/EU, turned attention to the Energy Performance Certificate (EPC...

  4. Changes in energy price and the international competitiveness of Japanese industries. Energy kakaku no hendo to wagakuni sangyo no kokusai kyosoryoku

    Energy Technology Data Exchange (ETDEWEB)

    Kuroda, M.; Shimpo, K.; Kawai, H. (Keio Univ., Tokyo, (Japan))

    1990-03-05

    This report studies changes in international competitiveness of individual industry in Japan and the U.S. between 1960 and 1985 by using time series data in Japan and the U.S. on the basis of the measurement of productivity in both countries and the measuring rule for the absolute comparison of their level. The conclusion is summarized as follows: 1. Technological advance rate in both countries dropped rapidly after the oil crisis, but showed an average tendency to recover in 1980s; that is, it does not necessarily indicate a time series tendency to decline. 2. A technological gap between Japan and the U.S. expanded in 1970s, reached the peak in 1980, and reduced again during 1980s, however, dispersion among industries has tended to expand. 3. The future trend of a technological gap between Japan and the U.S. shows bipolarity. In Japan, technologies with big trade scale in the field of chemicals, electric machines, and precision machines attain superiority. 4. The price competitiveness reflects a gap of technological efficiency and factor prices respectively. Nevertheless, there are some Japanese industries having an advantage over the U.S. since they offset a gap of factor prices against a technological gap. 9 figs., 4 tabs.

  5. Energy extraction from ocean currents and waves: Mapping the most promising locations

    Science.gov (United States)

    Ordonez, A.; Hamlington, P.; Fox-Kemper, B.

    2012-12-01

    Concerns about fossil fuel supplies and an ever-increasing demand for energy have prompted the search for alternative power sources. One option is the ocean, a power-dense and renewable source of energy, but its capacity to meet human energy demands is poorly understood. Although raw wave energy resources have been investigated at many scales, there is still substantial uncertainty regarding how much useful power can be extracted. Even less is known about the energy available in ocean currents, especially on a global scale. Moreover, no studies have attempted to examine wave and current energy simultaneously while at the same time taking into account geographical, environmental, and technical factors that can substantially limit the amount of extractable energy. In this study, we use high fidelity oceanographic model data to assess the availability, recoverability, and value of energy in ocean wind waves and currents. Global wave energy transport, coastal wave energy flux, and current energy are calculated and mapped using the model data. These maps are then incorporated into a geographic information system (GIS) in order to assess the U.S. recoverable ocean energy resource. In the GIS, the amount of recoverable energy is estimated by combining the power output from realistic wave and current energy farms with physical and ecological data such as bathymetry and environmentally protected areas. This holistic approach is then used to examine the distribution and value of extractable wave and current energy along the U.S. coast. The results support previous studies that show that the U.S. West Coast has large potential for wave energy extraction and that the Florida Strait has high potential for current energy extraction. We also show that, at any particular location, the amount of available ocean energy is only one factor of many that determines the ultimate feasibility and value of the energy. We outline ways in which the GIS framework used in this assessment can be

  6. Factors that influence consumers' acceptance of future energy systems : the effects of adjustment type, production level, and price

    NARCIS (Netherlands)

    Leijten, Fenna R. M.; Bolderdijk, Jan Willem; Keizer, Kees; Gorsira, Madelijne; van der Werff, Ellen; Steg, Linda

    2014-01-01

    To promote the successful introduction of sustainable energy systems, more insight is needed into factors influencing consumer's acceptance of future energy systems. A questionnaire study among 139 Dutch citizens (aged 18-85) was conducted. Participants rated the acceptability of energy systems made

  7. Factors that influence consumers' acceptance of future energy systems : the effects of adjustment type, production level, and price

    NARCIS (Netherlands)

    Leijten, Fenna R. M.; Bolderdijk, Jan Willem; Keizer, Kees; Gorsira, Madelijne; van der Werff, Ellen; Steg, Linda

    2014-01-01

    To promote the successful introduction of sustainable energy systems, more insight is needed into factors influencing consumer's acceptance of future energy systems. A questionnaire study among 139 Dutch citizens (aged 18-85) was conducted. Participants rated the acceptability of energy systems made

  8. Energy in Sweden 1998

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    1998-06-01

    Statistical data on supply and consumption of energy are presented together with information on the current energy situation, developments in energy use and supply, prices and environmental data. International aspects are also treated 37 figs, 4 tabs. Also available in Swedish as STEM-ET--25-98

  9. New Concept for Assessment of Tidal Current Energy in Jiangsu Coast, China

    Directory of Open Access Journals (Sweden)

    Ji-Sheng Zhang

    2013-01-01

    Full Text Available Tidal current energy has attracted more and more attentions of coastal engineers in recent years, mainly due to its advantages of low environmental impact, long-term predictability, and large energy potential. In this study, a two-dimensional hydrodynamic model is applied to predict the distribution of mean density of tidal current energy and to determine a suitable site for energy exploitation in Jiangsu Coast. The simulation results including water elevation and tidal current (speed and direction were validated with measured data, showing a reasonable agreement. Then, the model was used to evaluate the distribution of mean density of tidal current energy during springtide and neap tide in Jiangsu Coast. Considering the discontinuous performance of tidal current turbine, a new concept for assessing tidal current energy is introduced with three parameters: total operating time, dispersion of operating time, and mean operating time of tidal current turbine. The operating efficiency of tidal current turbine at three locations around radial submarine sand ridges was taken as examples for comparison, determining suitable sites for development of tidal current farm.

  10. 对目前中药材价格上涨因素的一些分析%The analysis of the current Chinese herbal medicines prices factors

    Institute of Scientific and Technical Information of China (English)

    印敏

    2013-01-01

    Objective To use to predict the moving average method, in order to understand the Chinese herbal medicine prices trend, analysis of Chinese herbal medicines prices faced by various factors. Methods Moving average method to forecast the years can reflect the balance of supply and demand in the market, and consumer accumulation relationship of Chinese herbal medicines and proprietary Chinese medicine retail price index uses. Results The Chinese herbal medicines prices trend existed for a long time. Conclusion Chinese herbal medicine prices face Various factors and rising pressure. And through the analysis of these factors, promote the perfection of regulating supervision mechanism of the traditional Chinese medicine production and prices.%目的:运用移动平均法进行预测,以了解中药材价格的趋势,分析中药材价格上涨面临的各种因素。方法对这几年能反映市场供需的平衡、消费与积累关系的中药材及中成药零售价格指数部分运用移动平均法预测。结果中药材价格上涨趋势存在。结论中药材价格面临各种因素,上涨压力明显。并通过对这些因素的分析,促进完善中药生产和价格调节监督机制。

  11. Study to assess the application of shadow pricing techniques to national energy resource planning. Year I final report

    Energy Technology Data Exchange (ETDEWEB)

    1976-06-01

    A Dynamic Energy System Optimization Model is described that can analyze optimal allocation of exhaustible energy resources over time. It is a multi-period representation of the nation's energy supply and utilization system that incorporates cost and time elements associated with new capital facilities, the discount rate, internal selection of new energy technologies, and internal determination of primary energy resource allocation over time. Two demonstration applications of a single-period energy model are also presented. The first estimates benefit/cost ratios for Federal R and D investment in high-Btu coal-gasification technology. The second evaluates the economic impact of a sulfur dioxide emission constraint in certain end uses.

  12. Agricultural commodity prices and oil prices: mutual causation

    OpenAIRE

    McFarlane, Ian

    2016-01-01

    The world market price of many commodities including US corn (maize) peaked sharply in 2008. The US Energy Policy Act (2005) led to a rapid rise in demand for corn ethanol as a partial substitute for gasoline in the USA. In this paper we report analysis of weekly prices of corn, wheat, sugar and crude oil, together with monthly series derived from those and other weekly prices, for two consecutive seven year periods: 1999-2005 and 2006-2012. We find strong evidence of cointegration between pr...

  13. 10 CFR 8.2 - Interpretation of Price-Anderson Act, section 170 of the Atomic Energy Act of 1954.

    Science.gov (United States)

    2010-01-01

    ... upon the legislative history, stated that the problem of a reactor accident in the United States... Atomic Energy Act of 1954. 8.2 Section 8.2 Energy NUCLEAR REGULATORY COMMISSION INTERPRETATIONS § 8.2... caused outside the United States by a nuclear incident occurring within the United States. (b)...

  14. The Eco-Refurbishment of a 19th Century Terraced House: Energy and Cost Performance for Current and Future UK Climates

    Directory of Open Access Journals (Sweden)

    Haniyeh Mohammadpourkarbasi

    2013-02-01

    Full Text Available The UK government, responding to concerns over climate change impacts, has undertaken to reduce CO2 emissions to 80% of 1990 levels by 2050. This scale of reduction will require major improvements in the energy efficiency of the existing UK building stock, which is the dominant consumer of fossil fuel-generated energy. Housing is a key sector, and since 70% of all current homes in the UK will still exist in 2050 then low carbon refurbishment is critical if CO2 reduction goals are to be met. This paper uses computer modeling to examine the annual operational energy performance, long term energy cost savings and internal thermal conditions for a 19th century terraced house that was eco-refurbished to near a Passivhaus standard. The dwelling was modeled for three locations (Edinburgh, Manchester and London using current and future climate scenarios (2020s and 2050s under high carbon emission scenarios. Simulation results suggest that there would be very little diminution in heating demand in the future for the house with no refurbishment, whilst the eco-refurbishment produced a significant reduction in energy demand and CO2 emissions. Analysis of the payback period and net present value indicate that the economic optimum varies according to energy prices and that the high construction costs incurred for an eco-refurbishment to a near Passivhaus standard could not be justified in terms of a cost/benefit analysis.

  15. Gas Price Formation, Structure and Dynamics

    Energy Technology Data Exchange (ETDEWEB)

    Davoust, R.

    2008-07-01

    Our study, focused on gas prices in importing economies, describes wholesale prices and retail prices, their evolution for the last one or two decades, the economic mechanisms of price formation. While an international market for oil has developed thanks to moderate storage and transportation charges, these costs are much higher in the case of natural gas, which involves that this energy is still traded inside continental markets. There are three regional gas markets around the world: North America (the United States, importing mainly from Canada and Mexico), Europe (importing mainly from Russia, Algeria and Norway) and Asia (Japan, Korea, Taiwan, China and India, importing mainly from Indonesia, Malaysia and Australia). A market for gas has also developed in South America, but it will not be covered by our paper. In Europe and the US, due to large domestic resources and strong grids, natural gas is purchased mostly through pipelines. In Northeast Asia, there is a lack of such infrastructures, so imported gas takes mainly the form of Liquefied Natural Gas (LNG), shipped on maritime tankers. Currently, the LNG market is divided into two zones: the Atlantic Basin (Europe and US) and the Pacific Basin (Asia and the Western Coast of America). For the past few years, the Middle East and Africa have tended to be crucial suppliers for both LNG zones. Gas price formation varies deeply between regional markets, depending on several structural factors (regulation, contracting practises, existence of a spot market, liquidity, share of imports). Empirically, the degree of market opening (which corresponds to the seniority in the liberalization process) seems to be the primary determinant of pricing patterns. North America has the most liberalized and well-performing natural gas industry in the world. Gas pricing is highly competitive and is based on supply/demand balances. Spot and futures markets are developed. The British gas sector is also deregulated and thus follows a

  16. Price volatility in wind dominant electricity markets

    DEFF Research Database (Denmark)

    Farashbashi-Astaneh, Seyed-Mostafa; Chen, Zhe

    2013-01-01

    High penetration of intermittent renewable energy sources causes price volatility in future electricity markets. This is specially the case in European countries that plan high penetration levels. This highlights the necessity for revising market regulations and mechanisms in accordance to genera......High penetration of intermittent renewable energy sources causes price volatility in future electricity markets. This is specially the case in European countries that plan high penetration levels. This highlights the necessity for revising market regulations and mechanisms in accordance...... electricity markets. High price volatility is unappreciated because it imposes high financial risk levels to both electricity consumers and producers. Additionally high price variations impede tracking price signals by consumers in future smart grid and jeopardize implementation of demand response concepts....... The main contribution of this paper is to quantify volatility patterns of electricity price, as penetration level of wind power increases. Results explain a direct relationship between wind penetration and electricity price volatility in a quantitative manner....

  17. A Countrywide House Price Index for 152 Years

    DEFF Research Database (Denmark)

    Lunde, Jens; Helding Madsen, Anders; Lundbæk Laursen, Maria

    for creating the house price index arose, especially in converting the previous registered house prices in the statistics into current market prices. In real terms, the average sale price index increased more than the SPAR index for the years where the two indices were compared, and the difference express...... in house prices is depicted. The Danish house price index covering all the 152 years is in reality a simple average sale price index for houses. From 1920 on it was possible to construct another and a “pure” house price index, based on the Sales Price Appraisal Ratio (SPAR) method. Several challenges...... the qualitative improvement of the sold house through the years. The SPAR index contains long house price cycles, and the unique recent bubble is observed. The development in real prices holds no arguments for the SPAR index will increase in the long run. Already published long house price indices exist...

  18. The effect of pulse current on energy saving during Electrochemical Chloride Extraction (ECE) in concrete

    DEFF Research Database (Denmark)

    Sun, Tian R.; Geiker, Mette R.; Ottosen, Lisbeth M.

    2012-01-01

    Energy consumption is a factor influencing the cost of Electrochemical Chloride Extraction (ECE) in concrete. The aims of this work were to investigate the possibility for energy saving when using a pulsed electric field during ECE and the effect of the pulsed current on removal of chloride. Four...... experiments with artificially polluted concrete under same charge transfer were conducted. Results showed that the energy consumption was decreased 15% by pulse current in experiments with 0.2 mA/cm2 current density, which was higher than that of 0.1 mA/cm2 experiments with a decrease of 9.6%. When comparing...... the voltage drop at different parts of the experimental cells, it was found that the voltage drop of the area across the concrete was the major contributor to energy consumption, and results indicated that the pulse current could decrease the voltage drop of this part by re-distribution of ions in pore fluid...

  19. 48 CFR 52.215-11 - Price Reduction for Defective Certified Cost or Pricing Data-Modifications.

    Science.gov (United States)

    2010-10-01

    ... subcontractor furnished certified cost or pricing data that were not complete, accurate, and current as certified in its Certificate of Current Cost or Pricing Data, (2) a subcontractor or prospective... current as certified in the Contractor's Certificate of Current Cost or Pricing Data, or (3) any of...

  20. 48 CFR 52.214-27 - Price Reduction for Defective Certified Cost or Pricing Data-Modifications-Sealed Bidding.

    Science.gov (United States)

    2010-10-01

    ... were not complete, accurate, and current as certified in its Certificate of Current Cost or Pricing... Current Cost or Pricing Data, or (3) any of these parties furnished data of any description that were not... accurate, complete, and current certified cost or pricing data had been submitted; (ii) The...

  1. Agricultural Water Pricing: United States

    OpenAIRE

    2010-01-01

    In summary, irrigation costs and prices are rising in most regions of the United States, due to a combination of increasing scarcity, changes in public preferences regarding water allocation among competing uses, increasing budget scrutiny in the national and state legislatures, rising energy prices, and increasing awareness of climate change and the potential implications for rainfall and the availability of surface water resources. These issues likely will continue encouraging public offici...

  2. Essays on price dynamics and consumer search

    Science.gov (United States)

    Lewis, Matthew Stephen

    It has been documented that retail gasoline prices respond more quickly to increases in wholesale price than to decreases. However, there is very little theoretical or empirical evidence identifying the market characteristics responsible for this behavior. Chapter 2 presents a new theoretical model of asymmetric adjustment that empirically matches observed retail gasoline price behavior better than previously suggested explanations. I develop a "reference price" consumer search model that assumes consumers' expectations of prices are based on prices observed during previous purchases. The model predicts that consumers search less when prices are falling. This reduced search results in higher profit margins and therefore causes a slower price response to cost decreases than to cost increases. Chapter 3 discusses the robustness of some of the important assumptions of the reference price search model, and describes the effects of altering these assumptions. Chapter 4 develops testable implications that distinguish my model from two alternative explanations of asymmetric adjustment. The first is a model in which firms temporarily collude using past prices as a focal price. The second theory suggests that increases in wholesale cost volatility reduce consumer search behavior. Using a panel of gas station prices, I estimate the response pattern of prices to a change in costs. Estimates are consistent with the predictions of the reference price search model and contradict the previously suggested explanations of asymmetric price adjustment. Chapter 5 examines the empirical fact that price response varies depending on the current level of profit margins. This fact is contrasted with the common empirical observation that response differs based on the direction of the change in cost. I go on to document that this relationship between price response and margins is observed in gasoline markets across the country.

  3. Energy distributions of the large-scale horizontal currents caused by wind in the baroclinic ocean

    Institute of Scientific and Technical Information of China (English)

    ZHOU; Lei; TIAN; Jiwei; WANG; Dongxiao

    2005-01-01

    Ocean current data for nearly 3 months in the South China Sea (SCS), combined with the NCEP/NCAR reanalysis wind data, are analyzed. The results indicate that the wind energy enters the upper mixed layer in a wide continuous frequency band. In addition, the interaction between the low-frequency wind anomaly and the low-frequency current anomaly is the most ‘effective’ way for the energy input from the wind to the upper ocean. However, only the inertial and the near inertial energy propagate downwards through the upper mixed layer. The downward-propagating energy is distributed into the barotropic currents, the baroclinic currents and each mode of the baroclinic currents following the normal distributions. The energy change ratios between the barotropic motion to the baroclinic motion induced by the wind present a normal distribution of N (0.0242, 0.3947). The energy change ratios of the first 4 baroclinic modes to the whole baroclinic currents also follow the normal distributions. The first baroclinic mode follows N (0.2628, 0.1872), the second N (0.1979, 0.1504), the third N (0.1331, 0.1633), and the fourth N (0.0650, 0.1540), respectively.

  4. The Research on the Price Transmitting through Production Cost Channel from Energy to Food%国际能源对粮食价格传导的生产成本渠道研究

    Institute of Scientific and Technical Information of China (English)

    尹靖华

    2016-01-01

    This paper adopted the VAR model to make an empirical analysis on price transmitting through production cost channel from energy to food.The conclusions are as follows:First,the energy price fluc-tuation leads to food prices change in the same direction through production costs channel;and grain out-put elasticity with energy inputs and factors substitution elasticity affect the price transmitting.Second, international energy prices conduct smoothly to rice and corn through the diesel and gasoline channel, while the domestic fertilizer channel is blocked,which may due to the speeding process of China’s agri-cultural mechanization,the change of energy factor structure in food production,fertilizer subsidies and so on.Third,the international energy prices impose positive influence on corn price through diesel chan-nel and negative impact on corn price through the gas channel,which may be caused by ethanol market segmentation.%分析国际能源对粮食价格传导的生产成本渠道,并采取 VAR 模型进行了实证分析,得出结论:能源价格波动通过生产成本渠道导致粮食价格发生同向变化,能源投入要素的产出弹性、粮食生产要素替代弹性影响能源对粮食的价格传导;国际能源价格通过柴油和汽油渠道向国内大米和玉米价格的传导畅通,通过化肥渠道向国内粮食价格的传导不畅通,可能是由于我国农机化进程加快、粮食生产能源要素结构变化、政府补贴等因素造成的;国际能源价格上升,通过柴油渠道对玉米价格产生正向影响,通过汽油渠道对玉米价格产生负向影响,可能是乙醇市场的分割性所导致的。

  5. Japan Returns to Atom. Current Status and Prospects of the Japanese Nuclear Energy

    Directory of Open Access Journals (Sweden)

    Łukasz Tolak

    2015-12-01

    Full Text Available In a year and a half after the events of March 2011, Japan excluded all their nuclear reactors, returning to fossil fuels as a basis in the energy field. The shock associated with nuclear disaster seemed to indicate an ultimate end of Japanese adventure with the atom. The situation has, however, significantly changed during the last several months, and the first nuclear reactor connected again to the electric network, is a proof of the change of the energy policy. The article aims to identify the current state of knowledge on the future of nuclear energy in the Japanese energy sector and adjustments proposed in the future energy mix. At the same time, it is an attempt to analyze the reasons that led the current Government of Prime Minister Abe to take very unpopular decisions to return to nuclear energy.

  6. A Survey on Renewable Energy Development in Malaysia: Current Status, Problems and Prospects

    Directory of Open Access Journals (Sweden)

    Alam Syed Shah

    2016-05-01

    Full Text Available Energy demand in Malaysia is increasing over seven per cent a year, while forty per cent of the energy is supplied from conventional fossil fuel. However, a number of social barriers have mired the social acceptance of renewable energy among the users. This study investigates the current status of renewable energy, problems and future outlook of renewable energy in Malaysia. A total of 200 respondents were surveyed from Klang Valley in Malaysia. Majority of the respondents use energy to generate electricity. Although some respondents reported using solar energy, there is lack of retail availability for solar energy. The findings show that limited information on renewable energy technologies, lack of awareness, and limited private sector engagement emerged as major barriers to sustainable renewable energy development. In addition, the respondents suggest for increasing policy support from the government to make information more accessible to mass users, provide economic incentives to investors and users, and promote small-community based renewable energy projects. The study suggests that the government begin small scale projects to build awareness on renewable energy, while academically, higher learning institutions include renewable energy syllabus in their academic curriculum. The study concluded that to have sustainable renewable energy development, government’s initiative, private sector engagement and users awareness must be given priority.

  7. A Survey on Renewable Energy Development in Malaysia: Current Status, Problems and Prospects

    Science.gov (United States)

    Alam, Syed Shah; Nor, Nor Fariza Mohd; Ahmad, Maisarah; Hashim, Nik Hazrul Nik

    2016-05-01

    Energy demand in Malaysia is increasing over seven per cent a year, while forty per cent of the energy is supplied from conventional fossil fuel. However, a number of social barriers have mired the social acceptance of renewable energy among the users. This study investigates the current status of renewable energy, problems and future outlook of renewable energy in Malaysia. A total of 200 respondents were surveyed from Klang Valley in Malaysia. Majority of the respondents use energy to generate electricity. Although some respondents reported using solar energy, there is lack of retail availability for solar energy. The findings show that limited information on renewable energy technologies, lack of awareness, and limited private sector engagement emerged as major barriers to sustainable renewable energy development. In addition, the respondents suggest for increasing policy support from the government to make information more accessible to mass users, provide economic incentives to investors and users, and promote small-community based renewable energy projects. The study suggests that the government begin small scale projects to build awareness on renewable energy, while academically, higher learning institutions include renewable energy syllabus in their academic curriculum. The study concluded that to have sustainable renewable energy development, government's initiative, private sector engagement and users awareness must be given priority.

  8. Current Status and Future Potential of Energy Derived from Chinese Agricultural Land: A Review

    Directory of Open Access Journals (Sweden)

    Ningning Zhai

    2015-01-01

    Full Text Available Energy crisis is receiving attention with regard to the global economy and environmental sustainable development. Developing new energy resources to optimize the energy supply structure has become an important measure to prevent energy shortage as well as achieving energy conservation and emission reduction in China. This study proposed the concept of energy agriculture and constructed an energy agricultural technical support system based on the analysis of energy supply and demand and China’s foreign dependence on energy resources, combined with the function of agriculture in the energy field. Manufacturing technology equipment and agricultural and forestry energy, including crop or forestry plants and animal feces, were used in the system. The current status and future potential of China’s marginal land resources, energy crop germplasm resources, and agricultural and forestry waste energy-oriented resources were analyzed. Developing the function of traditional agriculture in food production may promote China’s social, economic, and environmental sustainable development and achieve energy saving and emission reduction.

  9. Assessment of Current Practice for Tank Testing of Small Marine Energy Devices

    DEFF Research Database (Denmark)

    Kofoed, Jens Peter; Frigaard, Peter

    Discussion Report. Equitable Testing and Evaluation of Marine Energy Extraction Devices in terms of Performance, Cost and Environmental Impact. The report is a contribution by Aalborg University (AAU) to the deliverable on Assessment of current practice for tank testing of small marine energy...

  10. Preliminary determination of the energy potential of ocean currents along the southern coast of Brazil

    Energy Technology Data Exchange (ETDEWEB)

    Fischer, Andrea; Beluco, Alexandre; de Almeida, Luiz Emilio B. [Inst. Pesquisas Hidraulicas, Univ. Fed Rio Grande do Sul, Porto Alegre (Brazil)

    2013-07-01

    The ocean can be a strategic alternative for obtaining energy supplies, both from ocean waves as from sea currents and tides. Among these features, the power generation projects based on ocean currents are still under development. Generating energy from ocean can have great impact on the Brazilian energy grid, since Brazil has a vast coastline, with more than 9,000 km long, with potential for generating energy from ocean currents not fully estimated. This article presents a preliminary determination of the energy potential for power generation from ocean currents along the coast of Rio Grande do Sul, the southernmost state of Brazil, and also presents notes that contribute to the characterization of the system of ocean currents in the region. The data used were obtained in two areas near Tramandai, allowing the determination of velocities and directions of the currents on a seasonal basis. The maximum speeds obtained rarely exceed 0.750 m/s, while the average speeds do not exceed 0.200 m/s. A relationship with the prevailing winds in the region was identified. Unfortunately, the results do not allow optimism about the power generation from ocean currents on the southern coast of Brazil, at least over the continental shelf.

  11. Prototypes of Self-Powered Radiation Detectors Employing Intrinsic High-Energy Current (HEC) (POSTPRINT)

    Science.gov (United States)

    2016-01-01

    external circuit is the electric current that constitutes the signal in the device. In the case of nonvacuum media high-energy leakage electrons from the...of spatial coordinate were computed and compared to experimental measurements. Net current is the arithmetic difference between the forward and the

  12. Increase of energy efficiency of testing of traction electric machines of direct and pulsating current

    Directory of Open Access Journals (Sweden)

    A.M. Afanasov

    2015-03-01

    Full Text Available The results of the analysis of the effect of the load current of traction electric machines when tested for heating on the total electricity consumption for the test are presented. It is shown that increase of load current at the heating test permits to significantly reduce the consumption of electrical energy, and reduce the testing time without reducing its quality.

  13. Estimating Hedonic Price Indices for Ground Vehicles

    Science.gov (United States)

    2015-06-01

    organizations use price indices to distinguish sector-specific real price growth from general inflation  OMB uses price indices to estimate the relative...I N S T I T U T E F O R D E F E N S E A N A L Y S E S Estimating Hedonic Price Indices for Ground Vehicles (Presentation) David M. Tate Stanley...currently valid OMB control number. 1. REPORT DATE JUN 2015 2. REPORT TYPE 3. DATES COVERED 4. TITLE AND SUBTITLE Estimating Hedonic Price

  14. Oil price and food price volatility dynamics: The case of Nigeria

    Directory of Open Access Journals (Sweden)

    Ijeoma C. Nwoko

    2016-12-01

    Full Text Available This study examines the long and short run relationships between oil price and food price volatility as well as the causal link between them. The study used annual food price volatility index from FAO from 2000 to 2013 and crude oil price from U.S. Energy Information and Administration (EIA from 2000 to 2013. The Johansen and Jesulius co-integration test revealed that there is a long run relationship between oil price and domestic food price volatility. The vector error correction model indicated a positive and significant short run relationship between oil price and food price volatility. The Granger causality test revealed a unidirectional causality with causality running from oil price to food price volatility but not vice versa. It is recommended that policies and interventions that will help reduce uncertainty about food prices such as improved market information, trade policies and investment in research and development among others should be encouraged. Also to reduce the effect of oil price shock, it is recommended that government should subsidise pump price of refined oil, seek alternative sources of energy and there should be less dependence on oil for fertilizer production.

  15. Evolution of Wave Energy Deposition Profile in HT-7 Lower Hybrid Current Drive Experiment

    Institute of Scientific and Technical Information of China (English)

    方瑜德; 石跃江; 匡光力; 刘岳修; 沈慰慈; 丁伯江

    2001-01-01

    Lower hybrid waves (LHWs) with a selected n‖ spectrum have been used to control the energy deposition profiles, and then the wave driven current profiles effectively in tokamak discharges. In our lower hybrid current drive experiment in the HT-7 tokamak, it was found that the set-up of the wave energy deposition profile is a graduation process. In the beginning phase of the wave injection duration, the waves (with different n‖ spectra)deposit almost all their energy in the central region of the plasma column, even if their n‖ are very different. Up to around one hundred milliseconds, the wave energy deposition profiles can only take their corresponding shapes according to the n‖ spectra of LHWs. It also shown that this evolution process is affected obviously by the LHW driven current profile, which has been formed early.

  16. Analysis of Discharge Spark Energy in Buck Converter of a Continuous Mode of Inductive Current

    Institute of Scientific and Technical Information of China (English)

    CUI Bao-chun; CHENG Hong; WANG Cong; LU Huan-yu; SHI Yun

    2006-01-01

    The basic idea of intrinsically safe circuit and the discharge spark in the Buck converter in the explosive atmospheres were introduced. The Buck converter is the main topological structure of the switch type of intrinsically safe circuit, which has two working modes: continuous inductive current (CCM - continuous conduction mode) and discrete inductance current (DCM - discontinuous conduction mode). The operating state of the continuous inductive current mode is analyzed in detail and the energy of discharge spark in various operating modes is discussed. The total energy will decrease with the increase of switch frequency, in a switching cycle; the discharge spark energy has a maximum and a minimum value. Therefore, the Buck converter has smaller discharge spark energy than the linear power circuit and the switch type of intrinsically safe circuit can enhance the output power and the conversion efficiency of the intrinsically safe power.

  17. Transfer of Energy, Potential, and Current by Alfv\\'en Waves in Solar Flares

    CERN Document Server

    Melrose, D B

    2013-01-01

    Alfv\\'en waves play three related roles in the impulsive phase of a solar flare: they transport energy from a generator region to an acceleration region; they map the cross-field potential (associated with the driven energy release) from the generator region onto the acceleration region; and within the acceleration region they damp by setting up a parallel electric field that accelerates electrons and transfers the wave energy to them. The Alfv\\'en waves may also be regarded as setting up new closed current loops, with field-aligned currents that close across field lines at boundaries. A model is developed for large-amplitude Alfv\\'en waves that shows how Alfv\\'en waves play these roles in solar flares. A picket-fence structure for the current flow is incorporated into the model to account for the "number problem" and the energy of the accelerated electrons.

  18. Leakage current and induced electrical energy dissipation in nonlinear oscillation of dielectric elastomer actuators

    Science.gov (United States)

    Zhang, Junshi; Chen, Hualing; Li, Dichen

    2017-09-01

    Subject to a high voltage, leakage current and induced electrical energy dissipation inevitably occur during the actuation of dielectric elastomers (DEs). In this article, a theoretical model is developed to investigate the dissipative performance of DEs in dynamic actuation. Effects of three different actuation conditions, including DE materials’ viscoelasticity intensity, amplitude of applied voltage, and mechanical tensile force, are considered. Numerical calculations are employed to detect the dynamic dissipative performance of DEs including leakage current, electrical power density, and electrical energy density in certain vibrational periods. Leakage current and induced electrical energy dissipation are enhanced with the enlargement of amplitude of applied voltage and mechanical force, and are suppressed as the intensity of DEs’ viscoelastic creep increases. The electrical energy for dissipation and actuation is also analyzed and compared.

  19. Estimating Price Elasticity using Market-Level Appliance Data

    Energy Technology Data Exchange (ETDEWEB)

    Fujita, K. Sydny [Lawrence Berkeley National Lab. (LBNL), Berkeley, CA (United States)

    2015-08-04

    This report provides and update to and expansion upon our 2008 LBNL report “An Analysis of the Price Elasticity of Demand for Appliances,” in which we estimated an average relative price elasticity of -0.34 for major household appliances (Dale and Fujita 2008). Consumer responsiveness to price change is a key component of energy efficiency policy analysis; these policies influence consumer purchases through price both explicitly and implicitly. However, few studies address appliance demand elasticity in the U.S. market and public data sources are generally insufficient for rigorous estimation. Therefore, analysts have relied on a small set of outdated papers focused on limited appliance types, assuming long-term elasticities estimated for other durables (e.g., vehicles) decades ago are applicable to current and future appliance purchasing behavior. We aim to partially rectify this problem in the context of appliance efficiency standards by revisiting our previous analysis, utilizing data released over the last ten years and identifying additional estimates of durable goods price elasticities in the literature. Reviewing the literature, we find the following ranges of market-level price elasticities: -0.14 to -0.42 for appliances; -0.30 to -1.28 for automobiles; -0.47 to -2.55 for other durable goods. Brand price elasticities are substantially higher for these product groups, with most estimates -2.0 or more elastic. Using market-level shipments, sales value, and efficiency level data for 1989-2009, we run various iterations of a log-log regression model, arriving at a recommended range of short run appliance price elasticity between -0.4 and -0.5, with a default value of -0.45.

  20. The ability of battery second use strategies to impact plug-in electric vehicle prices and serve utility energy storage applications

    Science.gov (United States)

    Neubauer, Jeremy; Pesaran, Ahmad

    The high cost of lithium ion batteries is a major impediment to the increased market share of plug-in hybrid electric vehicles (PHEVs) and full electric vehicles (EVs). The reuse of PHEV/EV propulsion batteries in second use applications following the end of their automotive service life may have the potential to offset the high initial cost of these batteries today. Accurately assessing the value of such a strategy is exceedingly complex and entails many uncertainties. This paper takes a first step toward such an assessment by estimating the impact of battery second use on the initial cost of PHEV/EV batteries to automotive consumers and exploring the potential for grid-based energy storage applications to serve as a market for used PHEV/EV batteries. It is found that although battery second use is not expected to significantly affect today's PHEV/EV prices, it has the potential to become a common component of future automotive battery life cycles and potentially to transform markets in need of cost-effective energy storage. Based on these findings, the authors advise further investigation focused on forecasting long-term battery degradation and analyzing second-use applications in more detail.

  1. Food price policies improve diet quality while increasing socioeconomic inequalities in nutrition.

    Science.gov (United States)

    Darmon, Nicole; Lacroix, Anne; Muller, Laurent; Ruffieux, Bernard

    2014-05-20

    Prices are an important determinant of food choices. Consequently, food price policies (subsidies and/or taxes) are proposed to improve the nutritional quality of diets. The aim of the present study was to explore the impact of food price policies on the expenditures and nutritional quality of the food baskets chosen by low- and medium-income households. Experimental economics was used to examine two price manipulations: i) a fruit and vegetable price subsidy named "fruit and vegetables condition"; ii) a healthy-product subsidy coupled with an unhealthy-product tax named "nutrient profile condition". The nutrient profiling system called SAIN,LIM was used. This system classifies each individual food according to its overall nutritional quality which then allows for a food item to be taxed or subsidized. Women from low- (n = 95) and medium-incomes (n = 33) selected a daily food basket, first, at current prices and then at manipulated prices. The redistributive effects of experimental conditions were assessed by comparing the extent of savings induced by subsidies and of costs generated by the tax on the two income groups. Energy density (kcal/100 g), free sugars (% energy) and the mean adequacy ratio (MAR) were used as nutritional quality indicators. At baseline (before price manipulations), low-income women selected less expensive and less healthy baskets than medium-income ones. After price manipulations expenditures for both income group decreased significantly, whereas, the nutritional quality improved (energy density decreased, the MAR increased). Additionally, the redistributive effects were less favourable for low-income women and their nutritional quality improvements from baseline were significantly lower. Low-income women derived fewer financial and nutritional benefits from implemented food subsidies and taxes than medium-income women. This outcome suggests that food price policies may improve diet quality while increasing socio

  2. High energy, low inductance, high current fiberglass energy storage capacitor for the Atlas Machine Marx modules

    CERN Document Server

    Cooper, R A; Ennis, J B; Cochrane, J C; Reass, W A; Parsons, W M

    1999-01-01

    The Los Alamos National Laboratory's Atlas Marx design team envisioned a double ended plastic case 60 kV, 15 nH, 650 kA, energy storage capacitor. A design specification was established and submitted to various vendors. Maxwell Energy Products drew from its development of large fiberglass case, high voltage, low inductance "FASTCAP" capacitors manufactured for Maxwell Technologies' ACE II, ACE III and ACE IV machines. This paper discusses the LANL specification and Maxwell Energy Products' successful design, Model No. 39232, 34.1 mu F, 60 kV, 13*29*27", the only capacitor qualified by LANL for the 23 Mega Joule Atlas application. Maxwell's past experience in this type of capacitor is covered. The performance data is reviewed and the life test data compared to the original calculated design life. Challenges included Maxwell's "keep it simple " design goal which was maintained to minimize the effort required to create and manufacture a nearly 600 pound capacitor. (1 refs).

  3. Current Status and Future Scenarios of Residential Building Energy Consumption in China

    Energy Technology Data Exchange (ETDEWEB)

    Zhou, Nan; Nishida, Masaru; Gao, Weijun

    2008-12-01

    China's rapid economic expansion has propelled it into the ranks of the largest energy consuming nation in the world, with energy demand growth continuing at a pace commensurate with its economic growth. Even though the rapid growth is largely attributable to heavy industry, this in turn is driven by rapid urbanization process, by construction materials and equipment produced for use in buildings. Residential energy is mostly used in urban areas, where rising incomes have allowed acquisition of home appliances, as well as increased use of heating in southern China. The urban population is expected to grow by 20 million every year, accompanied by construction of 2 billion square meters of buildings every year through 2020. Thus residential energy use is very likely to continue its very rapid growth. Understanding the underlying drivers of this growth helps to identify the key areas to analyze energy efficiency potential, appropriate policies to reduce energy use, as well as to understand future energy in the building sector. This paper provides a detailed, bottom-up analysis of residential building energy consumption in China using data from a wide variety of sources and a modeling effort that relies on a very detailed characterization of China's energy demand. It assesses the current energy situation with consideration of end use, intensity, and efficiency etc, and forecast the future outlook for the critical period extending to 2020, based on assumptions of likely patterns of economic activity, availability of energy services, technology improvement and energy intensities.

  4. The Weird Vegetable Price

    Institute of Scientific and Technical Information of China (English)

    2011-01-01

    The Chinese Government faces the task of stabilizing vegetable prices to avoid steep increases and dips Fluctuations of vegetable prices in China have recently caused near panic in the domestic market.Purchase prices for farm produce are decreasing dramatically

  5. 7 CFR 1000.50 - Class prices, component prices, and advanced pricing factors.

    Science.gov (United States)

    2010-01-01

    ... 7 Agriculture 9 2010-01-01 2009-01-01 true Class prices, component prices, and advanced pricing... advanced pricing factors. Class prices per hundredweight of milk containing 3.5 percent butterfat, component prices, and advanced pricing factors shall be as follows. The prices and pricing factors...

  6. 对当前外方股权转让价款管理的思考%Thinking of the Current Price Management of Foreign Equity Transfer

    Institute of Scientific and Technical Information of China (English)

    张轶慧

    2012-01-01

    外方股权转让是指外商投资企业的外方将所持有的股权按照一定的价格转让给中方的行为。允许外商投资企业自由转让外方股权是市场经济制度的一个特征,但在目前资本项目实施管制的框架下,对外方股权转让价款的运用受到外汇政策上的限制。为了规避外汇管理,企业利用交易双方的关系、定价机制的不完善,通过私下交割等手段运作股权转让价款,并将其滞留在境内,谋求人民币升值的收益,隐蔽性较强,一旦外汇形势发生变化,容易出现资金集中流出冲击实体经济的后果。所以进一步完善对此类业务的管理,具有现实意义。%The transfer of foreign equity referring to foreign-invested enterprises, means that foreign shareholding is transferred to Chinese shareholder with a certain price. Free transfer of foreign equity is a feature of the market economy system, but under the framework of capital account control, the use of foreign shareholding transfer price is subjected to the restrictions of foreign exchange policy. To avoid foreign exchange management,the operation of transfer is often by means of private delivery and at other equity transfer price, and transfer fund remains in the territory, seeking RMB appreciation. Once the foreign exchange situation change, there may be the consequences of intense capital outflows impacting the real economy. So it has practical significance to further improve the price management of foreign equity transfer.

  7. Identifying of risks in pricing using a regression model of demand on price dependence

    Directory of Open Access Journals (Sweden)

    O.I. Yashkina

    2016-09-01

    Full Text Available The aim of the article. The main purpose of the article is to describe scientific and methodological approaches of determining the price elasticity of demand as a regression model based on the price and risk assessment of price variations on the received model. The results of the analysis. The study is based on the assumption that the index of price elasticity of demand on high-tech innovation is not constant as it is commonly understood in the classical sense. On the stage of commodity market release and subsequent sales growth, the index of price elasticity of demand may vary within certain limits. Index value and thereafter market response are closely related to the current price. Achieving the stated purpose of the article is possible when having factual information about prices and corresponding volumes of sales of new high-tech products for a short period of time, on the basis of which types of demand and prices interrelation are modeled. Risk assessment of pricing and profit optimization by the regression of demand depending on price consists of three stages: a obtaining of a regression model of the demand on the price; b obtaining of function of demand price elasticity and risk assessment of pricing depending on behavior of the function; c determination of the price of company to receive a maximum operating profit based on the specific model of price to demand function. To receive the regression model of dependence of demand on price it is recommended to use specific reference models. The article includes linear, hyperbolic and parabolic models. The regression dependence of price elasticity of demand on price for each of the reference models of demand is obtained on the basis of the function elasticity concept in mathematical analysis. The concept of «function of price elasticity of demand» expresses this dependence. For the received functions of price elasticity of demand, the article provides intervals with the highest and lowest

  8. Drug Pricing Reforms

    DEFF Research Database (Denmark)

    Kaiser, Ulrich; Mendez, Susan J.; Rønde, Thomas

    2015-01-01

    Reference price systems for prescription drugs have found widespread use as cost containment tools. Under such regulatory regimes, patients co-pay a fraction of the difference between pharmacy retail price of the drug and a reference price. Reference prices are either externally (based on drug...... prices in other countries) or internally (based on domestic drug prices) determined. In a recent study, we analysed the effects of a change from external to internal reference pricing in Denmark in 2005, finding that the reform led to substantial reductions in prices, producer revenues, and expenditures...

  9. Pricing and Trust

    DEFF Research Database (Denmark)

    Huck, Steffen; Ruchala, Gabriele K.; Tyran, Jean-Robert

    We experimentally examine the effects of flexible and fixed prices in markets for experience goods in which demand is driven by trust. With flexible prices, we observe low prices and high quality in competitive (oligopolistic) markets, and high prices coupled with low quality in non-competitive...... (monopolistic) markets. We then introduce a regulated intermediate price above the oligopoly price and below the monopoly price. The effect in monopolies is more or less in line with standard intuition. As price falls volume increases and so does quality, such that overall efficiency is raised by 50%. However...

  10. PRICING STRATEGY IN THE INDONESIAN CONSTRUCTION INDUSTRY

    Directory of Open Access Journals (Sweden)

    Krishna Mochtar

    2002-01-01

    Full Text Available Issues related to pricing strategy in the Indonesian construction industry are covered%2C including problems of current pricing strategy in construction%2C exploration of pricing strategies with a market-based approach%2C and survey findings of the top Indonesian contractors regarding their current pricing practices and the applicability of market-based pricing strategy models developed by Mochtar and Arditi. Comparisons with similar survey findings of the top U.S. contractors are conducted whenever possible. In conclusion%2C the belief that current pricing strategy in construction is predominantly cost-based is confirmed by the survey findings%3B indeed%2C in setting the markup%2C most contractors rely on subjective assessment of the competition. Using simulated bidding scenarios%2C it is discovered that Indonesian contractors tend to be more market-based as they know more about the owner%5C%27s characteristics%2C competitors%5C%27 characteristics%2C and market demand. Consequently%2C the implementation of bidding procedure proposed by Mochtar and Arditi is supported. To maximize the benefits of market-based pricing strategies%2C the bidding procedure change should be explored by all parties involved in the Indonesian construction industry. Abstract in Bahasa Indonesia : Cost-based+pricing%2C+market-based+pricing%2C+pricing+variables%2C+bidding+procedure.

  11. 48 CFR 52.215-20 - Requirements for Certified Cost or Pricing Data and Data Other Than Certified Cost or Pricing Data.

    Science.gov (United States)

    2010-10-01

    ... Certificate of Current Cost or Pricing Data, as prescribed by FAR 15.406-2. (End of provision) Alternate I... Cost or Pricing Data and Data Other Than Certified Cost or Pricing Data. 52.215-20 Section 52.215-20... Certified Cost or Pricing Data and Data Other Than Certified Cost or Pricing Data. As prescribed in...

  12. 48 CFR 52.215-21 - Requirements for Certified Cost or Pricing Data and Data Other Than Certified Cost or Pricing...

    Science.gov (United States)

    2010-10-01

    ... Contractor shall submit a Certificate of Current Cost or Pricing Data, as prescribed by FAR 15.406-2. (End of... Cost or Pricing Data and Data Other Than Certified Cost or Pricing Data-Modifications. 52.215-21... Requirements for Certified Cost or Pricing Data and Data Other Than Certified Cost or Pricing...

  13. Determining Price Reasonableness in Federal ESPCs

    Energy Technology Data Exchange (ETDEWEB)

    Shonder, J.A.

    2005-03-08

    This document reports the findings and implementation recommendations of the Price Reasonableness Working Group to the Federal ESPC Steering Committee. The working group was formed to address concerns of agencies and oversight organizations related to pricing and fair and reasonable price determination in federal energy savings performance contracts (ESPCs). This report comprises the working group's recommendations and is the proposed draft of a training curriculum on fair and reasonable price determination for users of federal ESPCs. The report includes: (1) A review of federal regulations applicable to determining price reasonableness of federal ESPCs (section 2), (2) Brief descriptions of the techniques described in Federal Acquisition Regulations (FAR) 15.404-1 and their applicability to ESPCs (section 3), and (3) Recommended strategies and procedures for cost-effectively completing price reasonableness determinations (sections 4). Agencies have struggled with fair and reasonable price determinations in their ESPCs primarily because this alternative financing vehicle is relatively new and relatively rare in the federal sector. The methods of determining price reasonableness most familiar to federal contracting officers (price competition based on the government's design and specifications, in particular) are generally not applicable to ESPCs. The regulatory requirements for determining price reasonableness in federal ESPCs have also been misunderstood, as federal procurement professionals who are inexperienced with ESPCs are further confused by multiple directives, including Executive Order 13123, which stresses life-cycle cost-effectiveness. Uncertainty about applicable regulations and inconsistent practice and documentation among agencies have fueled claims that price reasonableness determinations have not been sufficiently rigorous in federal ESPCs or that the prices paid in ESPCs are generally higher than the prices paid for similar goods and

  14. ECONOMICAL PLANS EFFECTS ON CHARCOAL PRICES

    Directory of Open Access Journals (Sweden)

    José Luiz Pereira Rezende

    2007-06-01

    Full Text Available Energy is essential for human needs satisfaction. With the evolution of machinery, man becomes more and more dependent on the energy stocked in fossil fuels, comparatively to the primitive economy. Wood charcoal is a thermal-reducer used in Brazilian pig iron and steel industries, and its price is formed in an oligopsonic market. Over time, the charcoal prices have varied in function of endogenous and exogenous factors, needing, therefore, to be deflated so that they can be compared in two or more points in time. This work analyzed the variations of charcoal real prices, in national currency; compared and analyzed the real charcoal price in nominal and in real US Dollar and; analyzed the real prices of charcoal, comparatively to the real oil prices. The analyses were accomplished in the period from January 1975 to December 2002. The time series of charcoal prices, in domestic currency were deflated using IGP-DI, considering august, 1994=100, and charcoal prices were also converted to American dollar and deflated using CPI, considering the period 1982-84=100. It was compared, then, the real and nominal charcoal prices. It concluded that the real charcoal prices in Brazilian domestic currency, or in American dollar, presented a decreasing tendency along time. The inflationary disarray, in the 80´s and the first half of the 90 ´s, provoked a big price variation in the period; from the beginning the XXI century, charcoal prices were more influenced by the exchange rate; in the energy crisis period, charcoal prices suffered big changes that, however, did not persist along time.

  15. Appliance Efficiency Standards and Price Discrimination

    Energy Technology Data Exchange (ETDEWEB)

    Spurlock, Cecily Anna [Univ. of California, Berkeley, CA (United States)

    2013-05-08

    I explore the effects of two simultaneous changes in minimum energy efficiency and ENERGY STAR standards for clothes washers. Adapting the Mussa and Rosen (1978) and Ronnen (1991) second-degree price discrimination model, I demonstrate that clothes washer prices and menus adjusted to the new standards in patterns consistent with a market in which firms had been price discriminating. In particular, I show evidence of discontinuous price drops at the time the standards were imposed, driven largely by mid-low efficiency segments of the market. The price discrimination model predicts this result. On the other hand, in a perfectly competition market, prices should increase for these market segments. Additionally, new models proliferated in the highest efficiency market segment following the standard changes. Finally, I show that firms appeared to use different adaptation strategies at the two instances of the standards changing.

  16. Effects of pulse current on energy consumption and removal of heavy metals during electrodialytic soil remediation

    DEFF Research Database (Denmark)

    Sun, Tian R.; Ottosen, Lisbeth M.

    2012-01-01

    exchange membrane was the major contributor of energy consumption, and the pulse current could decrease the voltage drop of this part effectively. The overall removal of heavy metals in soil 1 (6–54%) was much higher than soil 2 (1–17%) due to the different acidification process and chemical speciation......The aims of this paper were to investigate the possibility for energy saving when using a pulsed electric field during electrodialytic soil remediation (EDR) and the effect of the pulsed current on removal of heavy metals. Eight experiments with constant and pulse current in the different...... industrially polluted soils were performed. At a current density of 0.1mA/cm2 in soil 1 and 0.2mA/cm2 in soil 2, there was no difference on energy consumption and removal of heavy metals between pulse current and constant current experiments, but at higher current experiments (i.e., 0.2mA/cm2 in soil 1 and 0...

  17. Development of Energy and Reserve Pre-dispatch and Re-dispatch Models for Real-time Price Risk and Reliability Assessment

    DEFF Research Database (Denmark)

    Ding, Yi; Xie, Min; Wu, Qiuwei

    2014-01-01

    of securing proper balancing between generation and demand. The high penetration of renewable energy sources will also increase the burden of system operator for maintaining system reliabilities. However the current strategy of reliability management developed for conventional power systems and existing...... electricity market design may not cope with the future challenges the power system faces. The development of smart grid will enable power system scheduling and the electricity market to operate in a shorter time horizon for better integrating renewable energy sources into power systems. This paper presents...... the real time operation, the energy re-dispatch model is used for contingency management and providing balancing services based on the results of the energy and reserve pre-dispatch model. The energy re-dispatch model is formulated as a single-period AC OPF model, which is used to determine generation re...

  18. Studies of the energy and power of current commercial prismatic and cylindrical Li-ion cells

    Science.gov (United States)

    Sit, Kevin; Li, P. K. C.; Ip, C. W.; Li, C. W.; Wan, Levin; Lam, Y. F.; Lai, P. Y.; Fan, Jiang; Magnuson, Doug

    We studied the specific energy, energy density, specific power, and power density of current commercial 18650 cylindrical and 103450 prismatic Li-ion cells. It was found that the specific energy, energy density, specific power, and power density have been increased dramatically since 1999. The highest specific energy obtained in this study is 193 Wh/kg, which is 90% more than that reported in 1999 and is only 5% lower than 200 Wh/kg, the long-term DOE goal [The International Energy Agency Implementing Agreement for Electric Vehicle Technologies and Programs, Annex V, Outlook Document, 1996-1997, p. 16.]. The cell energy density has also doubled since 1999 and is as much as about 70% more than 300 Wh/l, the long-term DOE goal. The cells studied here can deliver over 80% of their designed energy at the specific power 200 W/kg while the 18650 cell studied previously could only deliver 10% of their designed energy at the same specific power. Various kinds of the factors in the cell-specific energy and energy density were studied. It seems that the geometric difference can cause as much as a 9% difference in the specific energy and a 12% difference in the energy density between 18650 cylindrical and 103450 prismatic cells. Use of an aluminum can seems to lead to about a 16% improvement in the specific energy of 103450 cells compared with steel can. The decrease in the cell discharge voltage can cause as much as a 9% decrease in the cell energy at the 2 C rate while it has a relatively small effect on the cell energy or specific energy at the 0.2 C rate. Compared with what has been obtained at room temperature, there are 17-35% at -20 °C, 43-76% at -30 °C, and 78-100% decreases at -40 °C, respectively, in the cell discharge energy and specific energy depending on the cell manufacturer. The decrease in the cell average discharge voltage during the cycling test can contribute as much as a 6% decrease in the cell energy at the 1 C rate after 300 cycles, which is 21% of

  19. Trend of Price and Economic Development in 2005

    Institute of Scientific and Technical Information of China (English)

    2005-01-01

      The situation of the four major kinds of price in 2004-residents' con sumption price, price of production means, interest rate, foreign exchange rate-became main concern from the domestic and international personages. By reviewing the market price in 2004, and analyzing the current price variables, we will easily find the prospects of Chinese economy and people's life in 2005.……

  20. 10 CFR Appendix II to Part 504 - Fuel Price Computation

    Science.gov (United States)

    2010-01-01

    ... provide the procedure to: (1) Calculate fuel price and inflation indices; (2) account for projected real... example fuel price and inflation indices based on the latest data appearing in the Energy Information Administration's (EIA) Annual Energy Outlook (AEO). The fuel price and inflation indices will change yearly with...

  1. Retrospective Evaluation of Appliance Price Trends

    Energy Technology Data Exchange (ETDEWEB)

    Dale, Larry; Antinori, Camille; McNeil, Michael; McMahon, James E.; Fujita, K. Sydny

    2008-07-20

    Real prices of major appliances (refrigerators, dishwashers, heating and cooling equipment) have been falling since the late 1970s despite increases in appliance efficiency and other quality variables. This paper demonstrates that historic increases in efficiency over time, including those resulting from minimum efficiency standards, incur smaller price increases than were expected by Department of Energy (DOE) forecasts made in conjunction with standards. This effect can be explained by technological innovation, which lowers the cost of efficiency, and by market changes contributing to lower markups and economies of scale in production of higher efficiency units. We reach four principal conclusions about appliance trends and retail price setting: 1. For the past several decades, the retail price of appliances has been steadily falling while efficiency has been increasing. 2. Past retail price predictions made by DOE analyses of efficiency standards, assuming constant prices over time, have tended to overestimate retail prices. 3. The average incremental price to increase appliance efficiency has declined over time. DOE technical support documents have typically overestimated this incremental price and retail prices. 4. Changes in retail markups and economies of scale in production of more efficient appliances may have contributed to declines in prices of efficient appliances.

  2. Maxwell–Dirac stress–energy tensor in terms of Fierz bilinear currents

    Energy Technology Data Exchange (ETDEWEB)

    Inglis, Shaun, E-mail: sminglis@utas.edu.au; Jarvis, Peter, E-mail: Peter.Jarvis@utas.edu.au

    2016-03-15

    We analyse the stress–energy tensor for the self-coupled Maxwell–Dirac system in the bilinear current formalism, using two independent approaches. The first method used is that attributed to Belinfante: starting from the spinor form of the action, the well-known canonical stress–energy tensor is augmented, by extending the Noether symmetry current to include contributions from the Lorentz group, to a manifestly symmetric form. This form admits a transcription to bilinear current form. The second method used is the variational derivation based on the covariant coupling to general relativity. The starting point here at the outset is the transcription of the action using, as independent field variables, both the bilinear currents, together with a gauge invariant vector field (a proxy for the electromagnetic vector potential). A central feature of the two constructions is that they both involve the mapping of the Dirac contribution to the stress–energy from the spinor fields to the equivalent set of bilinear tensor currents, through the use of appropriate Fierz identities. Although this mapping is done at quite different stages, nonetheless we find that the two forms of the bilinear stress–energy tensor agree. Finally, as an application, we consider the reduction of the obtained stress–energy tensor in bilinear form, under the assumption of spherical symmetry. -- Highlights: •Maxwell–Dirac stress–energy tensor derived in manifestly gauge invariant bilinear form. •Dirac spinor Belinfante tensor transcribed to bilinear fields via Fierz mapping. •Variational stress–energy obtained via bilinearized action, in contrast to Belinfante case. •Independent derivations via the Belinfante and variational methods agree, as required. •Spherical symmetry reduction given as a working example for wider applications.

  3. ACCOUNTING ASPECTS OF PRICING AND TRANSFER PRICING

    Directory of Open Access Journals (Sweden)

    TÜNDE VERES

    2011-01-01

    Full Text Available The pricing methods in practice need really complex view of the business situation and depend on the strategy and market position of a company. The structure of a price seems simple: cost plus margin. Both categories are special area in the management accounting. Information about the product costs, the allocation methodologies in cost accounting, the analyzing of revenue and different level of the margin needs information from accounting system. This paper analyzes the pricing methods from management accounting aspects to show out the role of the accounting system in the short term and long term pricing and transfer pricing decisions.

  4. Energy Resolution of Large Area Current-mode Si-PIN Detector

    Institute of Scientific and Technical Information of China (English)

    SU; Dan; ZHANG; Guo-guang; WANG; Guo-bao

    2013-01-01

    Large area current-mode Si-PIN detector is fabricated by adopting planar technology.Diameter are ?20 mm,?50 mm,?60 mm,and thickness is 300μm.Energy resolution and peak position of 226Ra-αparticles are measured in the vacuum chamber.The peak energy of the 226Ra-αparticle is 4 784.4,5 304.5,

  5. Energy-dependent evolution of the ring current during the magnetic storms

    Science.gov (United States)

    Temporin, Ayako; Ebihara, Yusuke; Fritz, Theodore A.

    The ring current is known to mainly consist of two components of ions; one having energy from keV to tens of keV (low-energy), and the other having energy from 100keV to several hundreds keV(high-energy) in the quiet time. According to the past observations, the low-energy component increases during the storm main phase, and decreases during the storm recovery phase. However, the behavior of the high-energy component and the relationship between the two components are less known. For the purpose of understanding the behavior of the ring current in detail, we use data from the ion mass spectrometer called MICS and the magnetometer called MFE aboard the Polar satellite. We focus on the differential flux of protons with 31-80keV (as a proxy of the low-energy component) and those with 125-173keV (as a proxy of the high-energy component) at a pitch angle of 90 degrees when the Polar satellite crossed the magnetic equatorial plane. Pre-storm condition (t1), intense phase of magnetic storm (t2), and decline phase (t3) are identified based on the Dst index. We selected 27 subsets from January 1997 to March 2000 and from April 2001 to April 2002. We obtained the following major results. (1) In the low-energy component, the proton flux tends to increase during the intense phase, and decrease during the decline phase with an exception in the pre-noon sector. (2) In the high-energy component, the proton flux tends to be stationary during the intense phase. During the decline phase, the flux tends to increase, and occasionally, exceeds that in the pre-storm condition. (3) The magnetic field tends to decrease during the intense phase, and increase during the decline phase. The anti-correlation between the low-energy component and the magnetic field may indicate a diamagnetic response. The weak correlation between the high-energy component and the magnetic field during the decline phase may indicate an adiabatic variation of high-energy component. It is suggested that the high-energy

  6. Optimum Peak Current Hysteresis Control for Energy Recovering Converter in CDI Desalination

    Directory of Open Access Journals (Sweden)

    Alberto M. Pernía

    2014-06-01

    Full Text Available Capacitive De-Ionization (CDI is becoming a suitable alternative for desalination. The low cost of the materials required and its reduced energy consumption can be critical factors for developing this technique. CDI technology does not require a high-pressure system and the energy storage capability of CDI cells allows it to be reused in other CDI cells, thus minimizing consumption. The goal of the power stage responsible of the energy recovery is transferring the stored energy from one cell to another with the maximum possible efficiency, thus allowing the desalination process to continue. Assuming hysteresis current control is implemented at the DC/DC (direct current converter, this paper aims to determine the optimum peak current through the inductor in each switching period with a view to maximizing overall efficiency. The geometrical parameters of the desalination cell and the NaCl concentration modify the cell electrical properties. The peak current control of the power stage should be adapted to the cell characteristics so that the efficiency behavior of the whole CDI system can be improved. The mathematical model defined in this paper allows the CDI plant automation using the peak inductor current as control variable, adapting its value to the salt concentration during the desalination process.

  7. A Cryogenic Current Comparator for the Low Energy Antiproton Facilities at CERN

    CERN Document Server

    Fernandes, M; Welsch, CP

    2014-01-01

    Several laboratories have shown the potential of using Superconducting QUantum Interference Device (SQUID) magnetometers together with superconductor magnetic shields to measure beam current intensities in the submicro-Ampere regime. CERN, in collaboration with GSI, Jena university and Helmholtz Institute Jena, is currently working on developing an improved version of such a current monitor for the Antiproton Decelerator (AD) and Extra Low ENergy Antiproton (ELENA) rings at CERN, aiming for better current resolution and overall system availability. This contribution will present the current design, including theoretical estimation of the current resolution; stability limits of SQUID systems and adaptation of the coupling circuit to the AD beam parameters; the analysis of thermal and mechanical cryostat modes.

  8. Computation of reduced energy input current stimuli for neuron phase models.

    Science.gov (United States)

    Anyalebechi, Jason; Koelling, Melinda E; Miller, Damon A

    2014-01-01

    A regularly spiking neuron can be studied using a phase model. The effect of an input stimulus current on the phase time derivative is captured by a phase response curve. This paper adapts a technique that was previously applied to conductance-based models to discover optimal input stimulus currents for phase models. First, the neuron phase response θ(t) due to an input stimulus current i(t) is computed using a phase model. The resulting θ(t) is taken to be a reference phase r(t). Second, an optimal input stimulus current i(*)(t) is computed to minimize a weighted sum of the square-integral `energy' of i(*)(t) and the tracking error between the reference phase r(t) and the phase response due to i(*)(t). The balance between the conflicting requirements of energy and tracking error minimization is controlled by a single parameter. The generated optimal current i(*)t) is then compared to the input current i(t) which was used to generate the reference phase r(t). This technique was applied to two neuron phase models; in each case, the current i(*)(t) generates a phase response similar to the reference phase r(t), and the optimal current i(*)(t) has a lower `energy' than the square-integral of i(t). For constant i(t), the optimal current i(*)(t) need not be constant in time. In fact, i(*)(t) is large (possibly even larger than i(t)) for regions where the phase response curve indicates a stronger sensitivity to the input stimulus current, and smaller in regions of reduced sensitivity.

  9. A Case Study of Pharmaceutical Pricing in China: Setting the Price for Off-Patent Originators.

    Science.gov (United States)

    Hu, Shanlian; Zhang, Yabing; He, Jiangjiang; Du, Lixia; Xu, Mingfei; Xie, Chunyan; Peng, Ying; Wang, Linan

    2015-08-01

    This article aims to define a value-based approach to pricing and reimbursement for off-patent originators using a multiple criteria decision analysis (MCDA) approach centered on a systematic analysis of current pricing and reimbursement policies in China. A drug price policy review was combined with a quantitative analysis of China's drug purchasing database. Policy preferences were identified through a MCDA performed by interviewing well-known academic experts and industry stakeholders. The study findings indicate that the current Chinese price policy includes cost-based pricing and the establishment of maximum retail prices and premiums for off-patent originators, whereas reference pricing may be adopted in the future. The literature review revealed significant differences in the dissolution profiles between originators and generics; therefore, dissolution profiles need to be improved. Market data analysis showed that the overall price ratio of generics and off-patent originators was around 0.54-0.59 in 2002-2011, with a 40% price difference, on average. Ten differentiating value attributes were identified and MCDA was applied to test the impact of three pricing policy scenarios. With the condition of implementing quality consistency regulations and controls, a reduction in the price gap between high-quality off-patent products (including originator and generics) seemed to be the preferred policy. Patents of many drugs will expire within the next 10 years; thus, pricing will be an issue of importance for off-patent originators and generic alternatives.

  10. A normative price for energy from an electricity generation system: An Owner-dependent Methodology for Energy Generation (system) Assessment (OMEGA). Volume 1: Summary

    Science.gov (United States)

    Chamberlain, R. G.; Mcmaster, K. M.

    1981-01-01

    The utility owned solar electric system methodology is generalized and updated. The net present value of the system is determined by consideration of all financial benefits and costs (including a specified return on investment). Life cycle costs, life cycle revenues, and residual system values are obtained. Break even values of system parameters are estimated by setting the net present value to zero. While the model was designed for photovoltaic generators with a possible thermal energy byproduct, it applicability is not limited to such systems. The resulting owner-dependent methodology for energy generation system assessment consists of a few equations that can be evaluated without the aid of a high-speed computer.

  11. Proposal of a resolution aiming at creating an inquiry commission about the conditions of formation and the evolution mechanisms of energy prices; Proposition de resolution tendant a la creation d'une commission d'enquete sur les conditions de formation et les mecanismes d'evolution des prix de l'energie

    Energy Technology Data Exchange (ETDEWEB)

    NONE

    2008-07-01

    The aim of this proposal is to create a commission with the following missions: 1 - defining the different elements which compose the prices of petroleum, gas, electricity and alternative energies; 2 - describing the mechanisms of their evolution; 3 - studying the impact for consumers of the European deregulation of energy markets; 4 - identifying the short- and medium-term manoeuvre margin of the public authority in the control of prices change effects on households budget; 5 - determining, by analysing other European country policies, the medium- and long-term means necessary to implement a policy of energy efficiency. (J.S.)

  12. Exporter Price Premia?

    DEFF Research Database (Denmark)

    Jäkel, Ina Charlotte; Sørensen, Allan

    -cut prediction on the sign of the exporter price premium. However, the model unambiguously predicts a negative exporter price premium in terms of quality-adjusted prices, i.e. prices per unit of quality. This prediction is broadly borne out in the Danish data: while the magnitude of the premium varies across...

  13. Pricing and Trust

    DEFF Research Database (Denmark)

    Huck, Steffen; Ruchala, Gabriele K.; Tyran, Jean-Robert

    We experimentally examine the effects of flexible and fixed prices in markets for experience goods in which demand is driven by trust. With flexible prices, we observe low prices and high quality in competitive (oligopolistic) markets, and high prices coupled with low quality in non...

  14. Solar energy in buildings: Implications for California energy policy

    Science.gov (United States)

    Hirshberg, A. S.; Davis, E. S.

    1977-01-01

    An assessment of the potential of active solar energy systems for buildings in California is summarized. The technology used for solar heating, cooling, and water heating in buildings is discussed. The major California weather zones and the solar energy designs are described, as well as the sizing of solar energy systems and their performance. The cost of solar energy systems is given both at current prices and at prices consistent with optimistic estimates for the cost of collectors. The main institutional barriers to the wide spread use of solar energy are summarized.

  15. Non-Destructive Current Sensing for Energy Efficiency Monitoring in Buildings with Environmental Certification.

    Science.gov (United States)

    Mota, Lia Toledo Moreira; Mota, Alexandre de Assis; Coiado, Lorenzo Campos

    2015-07-10

    Nowadays, buildings environmental certifications encourage the implementation of initiatives aiming to increase energy efficiency in buildings. In these certification systems, increased energy efficiency arising from such initiatives must be demonstrated. Thus, a challenge to be faced is how to check the increase in energy efficiency related to each of the employed initiatives without a considerable building retrofit. In this context, this work presents a non-destructive method for electric current sensing to assess implemented initiatives to increase energy efficiency in buildings with environmental certification. This method proposes the use of a sensor that can be installed directly in the low voltage electrical circuit conductors that are powering the initiative under evaluation, without the need for reforms that result in significant costs, repair, and maintenance. The proposed sensor consists of three elements: an air-core transformer current sensor, an amplifying/filtering stage, and a microprocessor. A prototype of the proposed sensor was developed and tests were performed to validate this sensor. Based on laboratory tests, it was possible to characterize the proposed current sensor with respect to the number of turns and cross-sectional area of the primary and secondary coils. Furthermore, using the Least Squares Method, it was possible to determine the efficiency of the air core transformer current sensor (the best efficiency found, considering different test conditions, was 2%), which leads to a linear output response.

  16. Low energy high current pulsed electron beam treatment for improving surface microstructure and properties

    Energy Technology Data Exchange (ETDEWEB)

    Wu, J; Allain-Bonasso, N; Zhang, X D; Hao, S Z; Grosdider, T; Dong, C [Laboratoire d' Etude des Textures et Applications aux Materiaux (LETAM, UMR-CNRS 3143), Universite Paul Verlaine-Metz, Ile du Saulcy, 57045 Metz (France); Zou, J X, E-mail: jiang.wu@univ-metz.fr, E-mail: thierry.grosdidier@univ-metz.fr [National Engineering Research Center of Light Alloy Net Forming, Shanghai Jiao Tong University, Shanghai 200240 (China)

    2010-06-15

    Low energy high current pulsed electron beam (LEHCPEB) is a fairly new technique for surface modifications authorizing improvement in wear and corrosion properties as well as texture changes and hardening. This contribution highlights some microstructure modifications encountered at the surface of HCPEB treated steels and bulk metallic glasses taking into account the effects of surface melting and the effects of the induced stress.

  17. Stored Energy of Coupled Electric and Magnetic Currents and the Lower Bound on Q

    DEFF Research Database (Denmark)

    Kim, Oleksiy S.

    2015-01-01

    —New expressions for the stored energy and radiated power of an arbitrary combination of electric and magnetic currents in free space are presented. These expressions enable the calculation of the fundamental lower bound on Q for arbitraryshaped electrically small antennas of finite size....

  18. Exact Dragging of Inertial Axes by Cosmic Energy-Currents on the Past Light-Cone

    CERN Document Server

    Schmid, Christoph

    2014-01-01

    We prove exact rotational dragging of local inertial axes (= spin axes of gyroscopes) by arbitrary cosmic energy-currents on the past light-cone of the gyroscope for linear perturbations of Friedmann-Robertson-Walker cosmologies. Hence the principle formulated by Mach holds for arbitrary linear cosmological perturbations.

  19. Integration of Renewable Energy for the Harmonic Current and Reactive Power Compensation

    DEFF Research Database (Denmark)

    Pouresmaeil, Edris; Shaker, Hamid Reza; Mehrasa, Majid;

    2015-01-01

    This paper deals with a control technique for multilevel converter topologies base on Direct Lyapunov Control Method (DLCM) for integration of Renewable Energy Resources (RER) into the power grid. The compensation of variations in reference current components is considered properly in this control...

  20. Non-Destructive Current Sensing for Energy Efficiency Monitoring in Buildings with Environmental Certification

    Directory of Open Access Journals (Sweden)

    Lia Toledo Moreira Mota

    2015-07-01

    Full Text Available Nowadays, buildings environmental certifications encourage the implementation of initiatives aiming to increase energy efficiency in buildings. In these certification systems, increased energy efficiency arising from such initiatives must be demonstrated. Thus, a challenge to be faced is how to check the increase in energy efficiency related to each of the employed initiatives without a considerable building retrofit. In this context, this work presents a non-destructive method for electric current sensing to assess implemented initiatives to increase energy efficiency in buildings with environmental certification. This method proposes the use of a sensor that can be installed directly in the low voltage electrical circuit conductors that are powering the initiative under evaluation, without the need for reforms that result in significant costs, repair, and maintenance. The proposed sensor consists of three elements: an air-core transformer current sensor, an amplifying/filtering stage, and a microprocessor. A prototype of the proposed sensor was developed and tests were performed to validate this sensor. Based on laboratory tests, it was possible to characterize the proposed current sensor with respect to the number of turns and cross-sectional area of the primary and secondary coils. Furthermore, using the Least Squares Method, it was possible to determine the efficiency of the air core transformer current sensor (the best efficiency found, considering different test conditions, was 2%, which leads to a linear output response.

  1. Slow electron energy balance for hybrid models of direct-current glow discharges

    Science.gov (United States)

    Eliseev, S. I.; Bogdanov, E. A.; Kudryavtsev, A. A.

    2017-09-01

    In this paper, we present the formulation of slow electron energy balance for hybrid models of direct current (DC) glow discharge. Electrons originating from non-local ionization (secondary) contribute significantly to the energy balance of slow electrons. An approach towards calculating effective energy brought by a secondary electron to the group of slow electrons by means of Coulomb collisions is suggested. The value of effective energy shows a considerable dependence on external parameters of a discharge, such as gas pressure, type, and geometric parameters. The slow electron energy balance was implemented into a simple hybrid model that uses analytical formulation for the description of non-local ionization by fast electrons. Simulations of short (without positive column) DC glow discharge in argon are carried out for a range of gas pressures. Comparison with experimental data showed generally good agreement in terms of current-voltage characteristics, electron density, and electron temperature. Simulations also capture the trend of increasing electron density with decreasing pressure observed in the experiment. Analysis shows that for considered conditions, the product of maximum electron density ne and electron temperature Te in negative glow is independent of gas pressure and depends on the gas type, cathode material, and discharge current. Decreasing gas pressure reduces the heating rate of slow electrons during Coulomb collisions with secondary electrons, which leads to lower values of Te and, in turn, higher maximum ne.

  2. Wave-current interactions at the FloWave Ocean Energy Research Facility

    Science.gov (United States)

    Noble, Donald; Davey, Thomas; Steynor, Jeffrey; Bruce, Tom; Smith, Helen; Kaklis, Panagiotis

    2015-04-01

    Physical scale model testing is an important part of the marine renewable energy development process, allowing the study of forces and device behaviour in a controlled environment prior to deployment at sea. FloWave is a new state-of-the-art ocean energy research facility, designed to provide large scale physical modelling services to the tidal and wave sector. It has the unique ability to provide complex multi-directional waves that can be combined with currents from any direction in the 25m diameter circular tank. The facility is optimised for waves around 2s period and 0.4m height, and is capable of generating currents upwards of 1.6m/s. This offers the ability to model metocean conditions suitable for most renewable energy devices at a typical scale of between 1:10 and 1:40. The test section is 2m deep, which can be classed as intermediate-depth for most waves of interest, thus the full dispersion equation must be solved as the asymptotic simplifications do not apply. The interaction between waves and currents has been studied in the tank. This has involved producing in the tank sets of regular waves, focussed wave groups, and random sea spectra including multi-directional sea states. These waves have been both inline-with and opposing the current, as well as investigating waves at arbitrary angles to the current. Changes in wave height and wavelength have been measured, and compared with theoretical results. Using theoretical wave-current interaction models, methods have been explored to "correct" the wave height in the central test area of the tank when combined with a steady current. This allows the wave height with current to be set equal to that without a current. Thus permitting, for example, direct comparison of device motion response between tests with and without current. Alternatively, this would also permit a specific wave height and current combination to be produced in the tank, reproducing recorded conditions at a particular site of interest. The

  3. Current-induced changes of migration energy barriers in graphene and carbon nanotubes

    KAUST Repository

    Obodo, Tobechukwu Joshua

    2016-04-29

    An electron current can move atoms in a nanoscale device with important consequences for the device operation and breakdown. We perform first principles calculations aimed at evaluating the possibility of changing the energy barriers for atom migration in carbon-based systems. In particular, we consider the migration of adatoms and defects in graphene and carbon nanotubes. Although the current-induced forces are large for both the systems, in graphene the force component along the migration path is small and therefore the barrier height is little affected by the current flow. In contrast, the same barrier is significantly reduced in carbon nanotubes as the current increases. Our work also provides a real-system numerical demonstration that current-induced forces within density functional theory are non-conservative. © 2016 The Royal Society of Chemistry.

  4. Current Source Converter Based Multi-terminal DC Wind Energy Conversion System

    Institute of Scientific and Technical Information of China (English)

    Shixiong FAN; Guangyi LIU; Zhanyong YANG; Weiwei MA; Barry W.WILLIAMS

    2013-01-01

    A current source converter based multi-terminal direct current (DC) wind energy conversion system (WECS) is proposed.The current source DC/DC converter is adopted to connect a wind turbine to an inverter with maximum power point control.Each turbine is associated with a DC source by parallel-connected to a common DC link.After DC power collection,a current source inverter (CSI) using gate turn-off components is used for the grid connection due to its flexible reactive power control and short circuit protection capabilities.For such a parallel connection configuration,the CSI operates in an input voltage control mode,which maintains the DC link voltage constant.The dynamic responses of combined mechanical and electrical systems are investigated with three different operation cases.Simulation and experimental results demonstrate the feasibility and stability of the current source DC/DC converter based multi-terminal DC WECS.

  5. Strategic Transfer Pricing

    OpenAIRE

    Michael Alles; Srikant Datar

    1998-01-01

    Most research into cost systems has focused on their motivational implications. This paper takes a different approach, by developing a model where two oligopolistic firms strategically select their cost-based transfer prices. Duopoly models frequently assume that firms game on their choice of prices. Product prices, however, are ultimately based on the firms' transfer prices that communicate manufacturing costs to marketing departments. It is for this reason that transfer prices will have a s...

  6. The Pricing of Payments

    OpenAIRE

    Krueger, Malte

    2009-01-01

    The pricing of payments has received increasing attention of regulators. In many cases, regulators are concerned that consumers do not face cost based prices. They argue that without cost based prices consumers will make inefficient choices. In this paper, it is argued that both, economics of scale and the particular laws governing pricing in two-sided markets provide a case against cost based pricing.

  7. Current and future industrial energy service characterizations. Volume III. Energy data on 15 selected states' manufacturing subsector

    Energy Technology Data Exchange (ETDEWEB)

    Krawiec, F.; Thomas, T.; Jackson, F.; Limaye, D.R.; Isser, S.; Karnofsky, K.; Davis, T.D.

    1980-11-01

    An examination is made of the current and future energy demands, and uses, and cost to characterize typical applications and resulting services in the US and industrial sectors of 15 selected states. Volume III presents tables containing data on selected states' manufacturing subsector energy consumption, functional uses, and cost in 1974 and 1976. Alabama, California, Illinois, Indiana, Louisiana, Michigan, Missouri, New Jersey, New York, Ohio, Oregon, Pennsylvania, Texas, West Virginia, and Wisconsin were chosen as having the greatest potential for replacing conventional fuel with solar energy. Basic data on the quantities, cost, and types of fuel and electric energy purchased by industr for heat and power were obtained from the 1974 and 1976 Annual Survey of Manufacturers. The specific indutrial energy servic cracteristics developed for each selected state include. 1974 and 1976 manufacturing subsector fuels and electricity consumption by 2-, 3-, and 4-digit SIC and primary fuel (quantity and relative share); 1974 and 1976 manufacturing subsector fuel consumption by 2-, 3-, and 4-digit SIC and primary fuel (quantity and relative share); 1974 and 1976 manufacturing subsector average cost of purchsed fuels and electricity per million Btu by 2-, 3-, and 4-digit SIC and primary fuel (in 1976 dollars); 1974 and 1976 manufacturing subsector fuels and electric energy intensity by 2-, 3-, and 4-digit SIC and primary fuel (in 1976 dollars); manufacturing subsector average annual growth rates of (1) fuels and electricity consumption, (2) fuels and electric energy intensity, and (3) average cost of purchased fuels and electricity (1974 to 1976). Data are compiled on purchased fuels, distillate fuel oil, residual ful oil, coal, coal, and breeze, and natural gas. (MCW)

  8. On the structure of the energy-momentum and the spin currents in Dirac's electron theory

    CERN Document Server

    Hehl, F W; Mielke, E W; Obukhov, Yu N; Obukhov, Yu.N.

    1997-01-01

    We consider a classical Dirac field in flat Minkowski spacetime. We perform a Gordon decomposition of its canonical energy-momentum and spin currents, respectively. Thereby we find for each of these currents a convective and a polarization piece. The polarization pieces can be expressed as exterior covariant derivatives of the two-forms $\\check M_\\alpha$ and $M_{\\alpha\\beta}=-M_{\\beta\\alpha}$, respectively. In analogy to the magnetic moment in electrodynamics, we identify these two-forms as gravitational moments connected with the translation group and the Lorentz group, respectively. We point out the relation between the Gordon decomposition of the energy-momentum current and its Belinfante-Rosenfeld symmetrization. In the non-relativistic limit, the translational gravitational moment of the Dirac field is found to be proportional to the spin covector of the electron.

  9. Ion energy spread and current measurements of the rf-driven multicusp ion source

    Energy Technology Data Exchange (ETDEWEB)

    Lee, Y.; Gough, R.A.; Kunkel, W.B.; Leung, K.N.; Perkins, L.T.; Pickard, D.S.; Sun, L.; Vujic, J.; Williams, M.D.; Wutte, D. [Lawrence Berkeley National Laboratory, University of California, Berkeley, California 94720 (United States)

    1997-03-01

    Axial energy spread and useful beam current of positive ion beams have been carried out using a radio frequency (rf)-driven multicusp ion source. Operating the source with a 13.56 MHz induction discharge, the axial energy spread is found to be approximately 3.2 eV. The extractable beam current of the rf-driven source is found to be comparable to that of filament-discharge sources. With a 0.6 mm diameter extraction aperture, a positive hydrogen ion beam current density of 80 mA/cm{sup 2} can be obtained at a rf input power of 2.5 kW. The expected source lifetime is much longer than that of filament discharges. {copyright} {ital 1997 American Institute of Physics.}

  10. Ion energy spread and current measurements of the rf-driven multicusp ion source

    Science.gov (United States)

    Lee, Y.; Gough, R. A.; Kunkel, W. B.; Leung, K. N.; Perkins, L. T.; Pickard, D. S.; Sun, L.; Vujic, J.; Williams, M. D.; Wutte, D.

    1997-03-01

    Axial energy spread and useful beam current of positive ion beams have been carried out using a radio frequency (rf)-driven multicusp ion source. Operating the source with a 13.56 MHz induction discharge, the axial energy spread is found to be approximately 3.2 eV. The extractable beam current of the rf-driven source is found to be comparable to that of filament-discharge sources. With a 0.6 mm diameter extraction aperture, a positive hydrogen ion beam current density of 80 mA/cm2 can be obtained at a rf input power of 2.5 kW. The expected source lifetime is much longer than that of filament discharges.

  11. Energy transfer, orbital angular momentum, and discrete current in a double-ring fiber array

    Energy Technology Data Exchange (ETDEWEB)

    Alexeyev, C. N.; Volyar, A. V. [Taurida National V.I. Vernadsky University, Vernadsky Prospekt, 4, Simferopol, 95007, Crimea (Ukraine); Yavorsky, M. A. [Taurida National V.I. Vernadsky University, Vernadsky Prospekt, 4, Simferopol, 95007, Crimea (Ukraine); Universite Bordeaux and CNRS, LOMA, UMR 5798, FR-33400 Talence (France)

    2011-12-15

    We study energy transfer and orbital angular momentum of supermodes in a double-ring array of evanescently coupled monomode optical fibers. The structure of supermodes and the spectra of their propagation constants are obtained. The geometrical parameters of the array, at which the energy is mostly confined within the layers, are determined. The developed method for finding the supermodes of concentric arrays is generalized for the case of multiring arrays. The orbital angular momentum carried by a supermode of a double-ring array is calculated. The discrete lattice current is introduced. It is shown that the sum of discrete currents over the array is a conserved quantity. The connection of the total discrete current with orbital angular momentum of discrete optical vortices is made.

  12. 48 CFR 970.1504 - Contract pricing.

    Science.gov (United States)

    2010-10-01

    ... 48 Federal Acquisition Regulations System 5 2010-10-01 2010-10-01 false Contract pricing. 970.1504 Section 970.1504 Federal Acquisition Regulations System DEPARTMENT OF ENERGY AGENCY SUPPLEMENTARY REGULATIONS DOE MANAGEMENT AND OPERATING CONTRACTS Contracting by Negotiation 970.1504 Contract pricing....

  13. Pricing Software and Information on CD-ROM.

    Science.gov (United States)

    Gibbins, Patrick

    1987-01-01

    Examines the relationships between purchases of optical data disk products, publishers, and software suppliers. The discussion covers current pricing strategies for optical data disk software and information products, and possible future developments in marketing and pricing. (CLB)

  14. Real-time Pricing in Power Markets

    DEFF Research Database (Denmark)

    Boom, Anette; Schwenen, Sebastian

    We examine welfare eects of real-time pricing in electricity markets. Before stochastic energy demand is known, competitive retailers contract with nal consumers who exogenously do not have real-time meters. After demand is realized, two electricity generators compete in a uniform price auction...... to satisfy demand from retailers acting on behalf of subscribed customers and from consumers with real-time meters. Increasing the number of consumers on real-time pricing does not always increase welfare since risk-averse consumers dislike uncertain and high prices arising through market power...

  15. Real-time Pricing in Power Markets

    DEFF Research Database (Denmark)

    Boom, Anette; Schwenen, Sebastian

    We examine welfare e ects of real-time pricing in electricity markets. Before stochastic energy demand is known, competitive retailers contract with nal consumers who exogenously do not have real-time meters. After demand is realized, two electricity generators compete in a uniform price auction...... to satisfy demand from retailers acting on behalf of subscribed customers and from consumers with real-time meters. Increasing the number of consumers on real-time pricing does not always increase welfare since risk-averse consumers dislike uncertain and high prices arising through market power...

  16. From tariffs to prices

    Energy Technology Data Exchange (ETDEWEB)

    Baena, D. Eduardo Martin [Endesa, Principe de Vergara 187, Madrid (Spain)

    1998-07-01

    It looks like that all over the World things are changing. Many countries, Spain among them, where electricity regulations were usual, are changing their regulatory mainframe. Since January 1, 1998, electricity production is a deregulated activity in Spain. There has to be open market competition. Prices that are very important for the time coming, have to cover the production cost plus some profits in order to maintain the company profitability. This cultural change applies to all our production facilities, including nuclear power plants. Taking into account this new situation and the nuclear competitiveness, it is important for all of us to understand this issue. As it is well known, nuclear energy is capital intensive, that means it has to compete as base load units due to their low operating costs and their large capital ones. For that reason it is important to reduce as much as possible the operating and maintenance cost as well as the fuel one, which will allow nuclear plants to compete in marginal costs with others units. Nuclear energy, in Spain, is not going to fix the pool price but it has to recover some depreciation through it, the remaining being recovered by the recognition of an important part of the stranded cost. (author)

  17. A Current Mode Energy-Resolved CT Using Several Kinds of Scintillators

    Science.gov (United States)

    Hamaguchi, Takumi; Kanno, Ikuo; Hotta, Kazuhiro; Nakamura, Masaaki; Adachi, Ryuji

    For computed tomography (CT) with the energy information of X-rays (energy-resolved CT), the authors have been developed a new detector system, "transXend" detector. The transXend detector measures X-rays as electric current and gives energy distribution after analysis. To apply the principle of the transXend detector for the use of fan or cone beam X-rays, the authors have reported two-dimensional transXend detector using stripe metal absorbers and a flat panel detector (FPD). In this paper, the energy-resolved CT is demonstrated using a FPD with different kinds of scintillator plates. Next, the possibility of using a scintillator plate which consists of various stripe scintillators instead of stripe metal absorbers for a two-dimensional transXend detector is shown.

  18. ACCOUNTING ASPECTS OF PRICING AND TRANSFER PRICING

    OpenAIRE

    TÜNDE VERES

    2011-01-01

    The pricing methods in practice need really complex view of the business situation and depend on the strategy and market position of a company. The structure of a price seems simple: cost plus margin. Both categories are special area in the management accounting. Information about the product costs, the allocation methodologies in cost accounting, the analyzing of revenue and different level of the margin needs information from accounting system. This paper analyzes the pricing methods from m...

  19. Accounting Aspects of Pricing and Transfer Pricing

    OpenAIRE

    TÜNDE VERES

    2011-01-01

    The pricing methods in practice need really complex view of the business situation and depend on the strategy and market position of a company. The structure of a price seems simple: cost plus margin. Both categories are special area in the management accounting. Information about the product costs, the allocation methodologies in cost accounting, the analyzing of revenue and different level of the margin needs information from accounting system. This paper analyzes the pricing methods from m...

  20. Price strategy and pricing strategy: terms and content identification

    OpenAIRE

    Panasenko Tetyana

    2015-01-01

    The article is devoted to the terminology and content identification of seemingly identical concepts "price strategy" and "pricing strategy". The article contains evidence that the price strategy determines the direction, principles and procedure of implementing the company price policy and pricing strategy creates a set of rules and practical methods of price formation in accordance with the pricing strategy of the company.

  1. Energy extraction from ocean currents using straight bladed cross-flow hydrokinetic turbine

    Directory of Open Access Journals (Sweden)

    Prasad Dudhgaonkar

    2017-04-01

    Full Text Available Harvesting marine renewable energy remains to be a prime focus of researchers across the globe both in environmental and in commercial perspectives. India is blessed with a long coastline, and the seas around Indian peninsula offer ample potential to tap various ocean energy forms. National Institute of Ocean Technology carries out research and various ocean energy technologies, out of which harnessing kinetic energy in seawater currents is one. This article presents the open sea trials recently carried out on National Institute of Ocean Technology’s cross-flow hydrokinetic ocean current turbine in South Andaman. The turbine was designed to generate 100 W electricity at 1.2 m/s current speed and was built in-house. The turbine was initially tested in a seawater channel and then was deployed in Macpherson Strait in Andaman. It was fitted below a floating platform designed especially for this purpose, and the performance of the turbine was continuously logged inside an on-board data acquisition system. The trials were successful and in line with computations.

  2. Oil-import contracts, prices discussed

    Energy Technology Data Exchange (ETDEWEB)

    Nedeljkovic, D.

    1986-01-01

    The author accuses Yugoslavia of a sluggish response to changing world oil markets that will repeat the situation of 1973, when Yugoslavia's failure to raise oil prices led to increased consumption. Reviewing the composition of imports and their sources, the author suggests that Yugoslavia cannot be buying on the spot market at such low prices. Instead, intergovernmental agreements set prices which are independent of the market, and these contracts remain in effect until new ones are concluded. The high value of the dollar relative to the dinar and the high cost of refining are other components of the current price problem.

  3. Assessment of Energy Production Potential from Ocean Currents along the United States Coastline

    Energy Technology Data Exchange (ETDEWEB)

    Haas, Kevin

    2013-09-15

    Increasing energy consumption and depleting reserves of fossil fuels have resulted in growing interest in alternative renewable energy from the ocean. Ocean currents are an alternative source of clean energy due to their inherent reliability, persistence and sustainability. General ocean circulations exist in the form of large rotating ocean gyres, and feature extremely rapid current flow in the western boundaries due to the Coriolis Effect. The Gulf Stream system is formed by the western boundary current of the North Atlantic Ocean that flows along the east coastline of the United States, and therefore is of particular interest as a potential energy resource for the United States. This project created a national database of ocean current energy resources to help advance awareness and market penetration in ocean current energy resource assessment. The database, consisting of joint velocity magnitude and direction probability histograms, was created from data created by seven years of numerical model simulations. The accuracy of the database was evaluated by ORNL?s independent validation effort documented in a separate report. Estimates of the total theoretical power resource contained in the ocean currents were calculated utilizing two separate approaches. Firstly, the theoretical energy balance in the Gulf Stream system was examined using the two-dimensional ocean circulation equations based on the assumptions of the Stommel model for subtropical gyres with the quasi-geostrophic balance between pressure gradient, Coriolis force, wind stress and friction driving the circulation. Parameters including water depth, natural dissipation rate and wind stress are calibrated in the model so that the model can reproduce reasonable flow properties including volume flux and energy flux. To represent flow dissipation due to turbines additional turbine drag coefficient is formulated and included in the model. Secondly, to determine the reasonableness of the total power

  4. Municipal solid waste (MSW) as a renewable source of energy: current and future practices in China.

    Science.gov (United States)

    Cheng, Hefa; Hu, Yuanan

    2010-06-01

    With rapid economic growth and massive urbanization, China faces the problem of municipal solid waste (MSW) disposal and the pressing need for development of alternative energy. Waste-to-energy (WTE) incineration, which recovers energy from discarded MSW and produces electricity and/or steam for heating, is recognized as a renewable source of energy and is playing an increasingly important role in MSW management in China. This article provides an overview of the WTE industry, discusses the major challenges in expanding WTE incineration in China, namely, high capital and operational costs, equipment corrosion, air pollutant emissions, and fly ash disposal. A perspective on MSW as a renewable energy source in China is also presented. Currently, only approximately 13% of MSW generated in China is disposed in WTE facilities. With the significant benefits of environmental quality, the reduction of greenhouse gas (GHG) emissions, and government policies and financial incentives as a renewable energy source, WTE incineration industry is expected to experience significant growth in the coming decade and make greater contribution to supplying renewable energy in China. Copyright 2010 Elsevier Ltd. All rights reserved.

  5. The current status of the development of renewable energy sources worldwide and in Russia

    Science.gov (United States)

    Fortov, V. E.; Popel', O. S.

    2014-06-01

    Resorting to renewable energy sources (RESs) as one of the bases of the promising world energy industry has become a logical result of the historical development and the recognition that is necessary to diversify primary energy sources being used, with the aim of enhancing both energy and ecological security of countries, regions, and concrete energy consumers. The review of the development of new technologies used for conversion of RESs, the progress of which can be characterized by the fact that by the year 2013 the total generating capacity of RES-based power plants now in operation has amounted to 500 GW—by a factor of 1.5 more than the total generating capacity of all nuclear power stations in the world. The paper presents an analysis of the current status of RESs and problems that restrain their development in Russia. It is noted that the peculiarities of the energy situation in Russia impose the specific requirements upon drawing up the programs of the development of RESs. Along with the use of RESs as part of systems of centralized energy supply, which is a priority for most industrially developed countries and promises the most large-scale introduction of RESs in Russia, it is necessary, first of all, to give attention to the development and creation of systems for independent supply of consumers with power and heat and the development of distributed powergenerating systems using RESs.

  6. A Comparative Study of Activity-Based Costing vs. Current Pricing System for Pathology Examinations at Okmeydani Training and Research Hospital, Turkey.

    Science.gov (United States)

    Yarikkaya, Enver; Özekinci, Selver; Sargan, Aytül; Durmuş, Şenay Erdoğan; Yildiz, Fetin Rüştü

    2017-01-01

    To provide real cost data for pathology examinations by using activity-based costing method, in order to provide means to departments, health administrators and the social security institution to achieve improvements in financial planning, quality and cost control. The cost of the histopathological examinations, which were accepted by the Department of Pathology at Okmeydanı Training and Research Hospital during August 2014, was calculated using the activity-based costing method. The costs were compared with the amounts specified in the Healthcare Implementation Notification Tariff and the conventional volume-based costing. Most pathology examinations listed within a given band in the Healthcare Implementation Notification Tariff show variations in unit costs. The study found that the costs of 77.4% of the examinations were higher than the prices listed in the Healthcare Implementation Notification Tariff. The pathology examination tariffs specified in the Healthcare Implementation Notification do not reflect the real costs of the examinations. The costs that are calculated using the activity-based costing system may vary according to the service types and levels of health care institutions. However, the main parameters of the method used in the study reflect the necessity of a more accurate banding of pathology examinations. The banding specified by the Healthcare Implementation Notification Tariff needs to be revised to reflect the real costs in Turkey.

  7. Numerical experiments on the detailed energy conversion and spectrum studies in a corona current sheet

    CERN Document Server

    Ni, Lei; Mei, Zhixing; Li, Yan

    2015-01-01

    In this paper, we study the energy conversion and spectra in a corona current sheet by 2.5-dimensional MHD numerical simulations. Numerical results show that many Petschek-like fine structures with slow-mode shocks mediated by plasmoid instabilities develop during the magnetic reconnection process. The termination shocks can also be formed above the primary magnetic island and at the head of secondary islands. These shocks play important roles in generating thermal energy in a corona current sheet. For a numerical simulation with initial conditions close to the solar corona environment, the ratio of the generated thermal energy to the total dissipated magnetic energy is around $1/5$ before secondary islands appear. After secondary islands appear, the generated thermal energy starts to increase sharply and this ratio can reach a value about $3/5$. In an environment with a relatively lower plasma density and plasma $\\beta$, the plasma can be heated to a much higher temperature. After secondary islands appear, t...

  8. An eddy current-induced magnetic plucking for piezoelectric energy harvesting

    Science.gov (United States)

    Do, Nam Ho; Baek, Yoon Su

    2016-04-01

    Frequency up-conversion is a very efficient method of energy harvesting in order to overcome low, non-periodic, or altered ambient vibration. In order to perform frequency up-conversion and transference of mechanical energy without contact, an eddy current-induced magnetic drag force is used. In this paper, we present a novel configuration of eddy current-induced magnetic plucking for piezoelectric energy harvesting. Our method consists of two permanent magnets, a piezoelectric beam, and a copper disk piece. We design our harvesting method to achieve loading, sudden release, and free vibration using the actuation of the piezoelectric beam through the magnetic mutual coupling between the magnet and copper disk piece. We present the principle of magnetic drag force-generation, characterize the energy harvesting performance of our harvesting method, and demonstrate our harvesting method’s capability of frequency up-conversion and transference of mechanical energy without contact under low, non-periodic, or altered ambient vibration. To that end, we describe the calculation of magnetic drag force with various geometric dimensions and material properties, model of the piezoelectric cantilever beam, comparison between estimation response and measured experiment response, and the measured voltage and power responses.

  9. Ocean Current Energy Conversion System in Wallacea Region Using Variable Speed Control Approach

    Directory of Open Access Journals (Sweden)

    Aditya Sukma Nugraha

    2012-03-01

    Full Text Available Ocean Current Energy Conversion System (OCECS is a promising green energy resource in this globe. The Thermohaline circulation data indicates that the Wallacea region has the potential of ocean current energy resources. This paper is aimed to propose research and development of OCECSs to be implemented in the Wallacea region. Firstly, four types of green energy conversion systems extracted from ocean are reviewed. Their advantages and disadvantages are discussed. Secondly, the potential of OCECS in the Wallacea region is described. Third, many types of turbines used for OCECS are reviewed and the turbine type for OCECS is selected to be implemented in the Wallacea region. Fourth, control strategy is proposed.From the work reported in this paper it is concluded that it is appropriate to implement OCECSs using axial flow water turbines in the Wallacea region, and that to maximize energy conversion variable speed control approach is selected together with control of mechanism to move the turbine vertically as well as to rotate the turbine in yaw direction. 

  10. Food waste-to-energy conversion technologies: current status and future directions.

    Science.gov (United States)

    Pham, Thi Phuong Thuy; Kaushik, Rajni; Parshetti, Ganesh K; Mahmood, Russell; Balasubramanian, Rajasekhar

    2015-04-01

    Food waste represents a significantly fraction of municipal solid waste. Proper management and recycling of huge volumes of food waste are required to reduce its environmental burdens and to minimize risks to human health. Food waste is indeed an untapped resource with great potential for energy production. Utilization of food waste for energy conversion currently represents a challenge due to various reasons. These include its inherent heterogeneously variable compositions, high moisture contents and low calorific value, which constitute an impediment for the development of robust, large scale, and efficient industrial processes. Although a considerable amount of research has been carried out on the conversion of food waste to renewable energy, there is a lack of comprehensive and systematic reviews of the published literature. The present review synthesizes the current knowledge available in the use of technologies for food-waste-to-energy conversion involving biological (e.g. anaerobic digestion and fermentation), thermal and thermochemical technologies (e.g. incineration, pyrolysis, gasification and hydrothermal oxidation). The competitive advantages of these technologies as well as the challenges associated with them are discussed. In addition, the future directions for more effective utilization of food waste for renewable energy generation are suggested from an interdisciplinary perspective. Copyright © 2014 Elsevier Ltd. All rights reserved.

  11. Current Harmonics Compensation in Microgrids Exploiting the Power Electronics Interfaces of Renewable Energy Sources

    Directory of Open Access Journals (Sweden)

    Ioannis Bouloumpasis

    2015-03-01

    Full Text Available This work presents a method of current harmonic reduction in a distorted distribution system. In order to evaluate the proposed method a grid with high-order current harmonics is assumed. The reduction of current distortion is feasible due to the pulse modulation of an active filter, which consists of a buck-boost converter connected back-to-back to a polarity swapping inverter. For a practical application, this system would be the power electronic interface of a Renewable Energy Source (RES and therefore it changes a source of harmonics to a damping harmonics system. Using the proposed method, the current Total Harmonic Distortion (THD of the grid is reduced below the acceptable limits and thus the general power quality of the system is improved. Simulations in the MATLAB/SIMULINK platform and experiments have been performed in order to verify the effectiveness of the proposed method.

  12. International Transfer Pricing in Multinational Enterprises

    DEFF Research Database (Denmark)

    Rossing, Christian Plesner; Cools, Martine; Rohde, Carsten

    2017-01-01

    Current curricula in management accounting stress the role of transfer pricing as a tool for measuring the performance of responsibility centers and their managers. Recently, however, multinational enterprises (MNEs) have felt increasing pressure to comply with transfer pricing tax regulation....... As a result, tax risk management considerations play a key role in the transfer pricing decisions of MNEs today. This case seeks to provide you with examples of the core principles of international transfer pricing, as well as to allow you to discuss international transfer pricing in the context...... of responsibility accounting. Specifically, the case study is a fictional MNE, allowing you to apply the OECD Guidelines in practice to cross-border transfers within an MNE, and to discuss the implications of tax-based transfer pricing for responsibility accounting. As a basis for working on the case study...

  13. Assessment of Current State of Mooring Design in the Danish Wave Energy Sector

    DEFF Research Database (Denmark)

    Thomsen, Jonas Bjerg; Ferri, Francesco; Kofoed, Jens Peter

    2015-01-01

    The mooring system is a vital part of any floating wave energy converter, both in terms of ensuring station keeping but also as it constitutes a significant share of the total cost. Motivatedby the considerable amount of failures due to insufficient mooring and the cost of mooring today......, the present study outlines the design procedure recommended by design standards and provides considerations on choice of tools for analysis. This is compared to the procedure used by four wave energy converter developers, to illustrate the state of their current mooring design. The study shows a clear...

  14. Cost price and energy consumption of tulip overheating. Water overheating offers bulb sector perspective on energy consumption; Kostprijs en energieverbruik bij tulpenbroei. Waterbroei biedt bollensector perspectief op energiebesparing

    Energy Technology Data Exchange (ETDEWEB)

    Van Rijssel, E.; Snoek, A.J.

    2003-07-01

    A switch from tulip overheating in boxes to overheating on water can save energy in the bulb sector. The result of a study on the subject are presented. [Dutch] Er is onderzocht in hoeverre de overschakeling van de broei van tulp op kisten naar de broei op water kan bijdragen aan energiebesparing in de sector. Deze onderzoeksvraag is opgesplitst in twee delen: (1) Hoe groot is de energiebesparing bij overschakeling per m{sup 2} kas en per 1000 gebroeide bollen?; en (2) Wat is het economisch perspectief van waterbroei ten opzichte van de traditionele broei op kisten met potgrond? Overeenkomstig met de huidige ontwikkelingen is voor waterbroei zowel de broei op stilstaand als de broei op stromend water in het project betrokken.

  15. Eddy Current Analysis and Optimization for Superconducting Magnetic Bearing of Flywheel Energy Storage System

    Science.gov (United States)

    Arai, Yuuki; Yamashita, Tomohisa; Hasegawa, Hitoshi; Matsuoka, Taro; Kaimori, Hiroyuki; Ishihara, Terumasa

    Levitation and guidance force is electromagnetic generated between a superconducting coil and zero field cooled bulk superconductors used in our flywheel energy storage system (FESS). Because the magnetic field depends on the configuration of the coil and the bulks, the eccentricity and the vibration of a rotor cause fluctuation in the magnetic field which induces eddy current and consequent Joule heat on electric conductors such as cooling plates. Heat generation in the cryogenic region critically reduces the efficiency of the FESS. In this paper, we will report the result of the electromagnetic analysis of the SMB and propose an optimal divided cooling plate for reducing the eddy current and Joule heat.

  16. Food prices and obesity: a review.

    Science.gov (United States)

    Finkelstein, Eric A; Strombotne, Kiersten L; Zhen, Chen; Epstein, Leonard H

    2014-11-01

    In response to rising rates of obesity in the United States due in part to excess food consumption, researchers and policy makers have argued that levying food taxes on obesity-promoting foods, perhaps combined with subsidies on healthier options, would be an effective tool to stem the obesity epidemic. The extent to which overall energy intake or weight outcomes will improve as a result of these policies is ultimately an empirical question. This review examines the link between food or beverage price changes and energy intake or weight outcomes among U.S. consumers. Current evidence indicates that, by themselves, targeted food taxes and subsidies as considered to date are unlikely to have a major effect on individual weight or obesity prevalence. While research suggests that the effects are modest, food taxes and subsidies may play an important role in a multifaceted approach to reducing obesity incidence. © 2014 American Society for Nutrition.

  17. Artificial neural networks applied to the prediction of spot prices in the market of electric energy; Redes neurais artificiais aplicadas na previsao de precos spot no mercado de energia eletrica

    Energy Technology Data Exchange (ETDEWEB)

    Rodrigues, Alcantaro Lemes; Grimoni, Jose Aquiles Baesso [Univesidade de Sao Paulo (USP), SP (Brazil). Inst. de Eletrotecnica e Energia], emails: alcantaro@iee.usp.br, aquiles@iee.usp.br

    2010-07-01

    The commercialization of electricity in Brazil as well as in the world has undergone several changes over the past 20 years. In order to achieve an economic balance between supply and demand of the good called electricity, stakeholders in this market follow both rules set by society (government, companies and consumers) and set by the laws of nature (hydrology). To deal with such complex issues, various studies have been conducted in the area of computational heuristics. This work aims to develop a software to forecast spot market prices in using artificial neural networks (ANN). ANNs are widely used in various applications especially in computational heuristics, where non-linear systems have computational challenges difficult to overcome because of the effect named 'curse of dimensionality'. This effect is due to the fact that the current computational power is not enough to handle problems with such a high combination of variables. The challenge of forecasting prices depends on factors such as: (a) foresee the demand evolution (electric load); (b) the forecast of supply (reservoirs, hydrology and climate), capacity factor; and (c) the balance of the economy (pricing, auctions, foreign markets influence, economic policy, government budget and government policy). These factors are considered be used in the forecasting model for spot market prices and the results of its effectiveness are tested and huge presented. (author)

  18. Palbociclib as a first-line treatment in oestrogen receptor-positive, HER2-negative, advanced breast cancer not cost-effective with current pricing: a health economic analysis of the Swiss Group for Clinical Cancer Research (SAKK).

    Science.gov (United States)

    Matter-Walstra, K; Ruhstaller, T; Klingbiel, D; Schwenkglenks, M; Dedes, K J

    2016-07-01

    Endocrine therapy continues to be the optimal systemic treatment for metastatic ER(+)HER2(-) breast cancer. The CDK4/6 inhibitor palbociclib combined with letrozole has recently been shown to significantly improve progression-free survival. Here we examined the cost-effectiveness of this regimen for the Swiss healthcare system. A Markov cohort simulation based on the PALOMA-1 trial (Finn et al. in Lancet Oncol 16:25-35, 2015) was used as the clinical course. Input parameters were based on summary trial data. Costs were assessed from the Swiss healthcare system perspective. Adding palbociclib to letrozole (PALLET) compared to letrozole monotherapy was estimated to cost an additional CHF342,440 and gain 1.14 quality-adjusted life years, resulting in an incremental cost-effectiveness ratio (ICER) of CHF301,227/QALY gained. In univariate sensitivity analyses, no tested variation in key parameters resulted in an ICER below a willingness-to-pay threshold of CHF100,000/QALY. PALLET had a 0 % probability of being cost-effective in probabilistic sensitivity analyses. Lowering PALLET's price by 75 % resulted in an ICER of CHF73,995/QALY and a 73 % probability of being cost-effective. At current prices, PALLET would cost the Swiss healthcare system an additional CHF155 million/year. Palbociclib plus letrozole cannot be considered cost-effective for the first-line treatment of patients with metastatic breast cancer in the Swiss healthcare system.

  19. On current ambiguity in the interpretation of fission at intermediate excitation energy

    Energy Technology Data Exchange (ETDEWEB)

    Schmitt, C., E-mail: schmitt@ganil.fr [Grand Accélérateur National d' Ions Lourds, CEA/DSM–CNRS/IN2P3, 14076 Caen (France); Mazurek, K. [The Niewodniczański Institute of Nuclear Physics – PAN, 31-342 Kraków (Poland); Nadtochy, P.N. [Omsk State University, Department of Theoretical Physics, 644077 Omsk (Russian Federation)

    2014-10-07

    Various approaches are currently used to interpret experimental data on fission. We critically examine a wide set of observables measured for fission of {sup 206,210}Po nuclei at medium excitation energy, and illustrate the ambiguity in current analysis. Dynamical calculations based on the four-dimensional Langevin equation using a macroscopic potential energy landscape are performed, and found to consistently describe available measurements. This observation calls into question the robustness of recent analysis based on statistical-model calculations and concluding, on the contrary, to substantial shell effects at the fission saddle point in {sup 206,210}Po. The inconsistency in interpretation reached by the two approaches shows that, depending on the system, the conclusion can be strongly model-dependent. Although this may not be surprising, it emphasizes the today still limited reliability of firmly extracting fundamental nuclear properties from customary analysis.

  20. On current ambiguity in the interpretation of fission at intermediate excitation energy

    Directory of Open Access Journals (Sweden)

    C. Schmitt

    2014-10-01

    Full Text Available Various approaches are currently used to interpret experimental data on fission. We critically examine a wide set of observables measured for fission of Po206,210 nuclei at medium excitation energy, and illustrate the ambiguity in current analysis. Dynamical calculations based on the four-dimensional Langevin equation using a macroscopic potential energy landscape are performed, and found to consistently describe available measurements. This observation calls into question the robustness of recent analysis based on statistical-model calculations and concluding, on the contrary, to substantial shell effects at the fission saddle point in Po206,210. The inconsistency in interpretation reached by the two approaches shows that, depending on the system, the conclusion can be strongly model-dependent. Although this may not be surprising, it emphasizes the today still limited reliability of firmly extracting fundamental nuclear properties from customary analysis.