Tariff System and Electricity Price in the Republic if Croatia

International Nuclear Information System (INIS)

Topic, J.; Jurisic, S.

1995-01-01

This paper describes the origin and development of Electricity Tariff System in Croatia with special emphasis on the tariff system established in 1991. The analyzed period of the application of the tariff system in force and all other tariff rates from 1991 to 1995 are the basis for the assessment of required and possible alternations of tariff rates till the year 2000. (author). 4 refs., 5 figs., 7 tabs., 1 plan

The tariff policy in Romania - strategic elements for developing electricity supply

International Nuclear Information System (INIS)

Manea, D.; Indre, G.; Gugu, F.; Vilceanu, M.

1995-01-01

This paper presents the guiding lines of the Romanian policy for electricity rates and tariffs. The main constraints and difficulties of the electricity rates and tariffs designing activity in a transitional economy are analysed, focusing on: financial and economic aspects, such as the dramatic decrease of economic activity, high inflation, scarcity of financial resources...; technical aspects related to the existing metering equipment and obsolete electricity generation, transmission and distribution facilities; social aspects regarding the impact of using energy tariffs designed taking into account the real costs of the electricity company; regulatory policy, legal and administrative aspects

EDF: The revision of the electrical supply tariff system

International Nuclear Information System (INIS)

Kaczmarek, A.M.

1982-01-01

The article deals with proposals by EDF for restructuring their tariffs for the supply of electricity. The objective is to take account of probable developments in demand, notably the steadily increasing gap between the summer and winter rates of consumption, and in generation, notably the large increase in the fraction of the total load that is met by nuclear stations. It is estimated that by 1990 generation will be 70% nuclear, 16% hydraulic, 9% by coal and 4% by oil, nuclear generation being by far the cheapest. The general philosophy of the new tariffs is: to retain the two-part (kW and kWh) structure; to simplify tariffs for small consumers; to apply to large consumers sophisticated tariffs that accurately reflect true costs of supply; to make maximum demand rather than supply voltage the determining factor; tariffs will be geographically uniform except for a few very large consumers favourably situated with respect to key points in the network; to adopt special means to spread peak loads. The new tariffs and some additional related measures for influencing the incidence of electricity consumption are described in some detail. (C.J.O.G.)

Prices and tariffs in a liberalized electricity market

International Nuclear Information System (INIS)

Rijkers, F.; Wals, A.; Battjes, C.; Scheepers, M.

2000-01-01

First, it is described how prices and tariffs were determined before the introduction of the liberalization. Next, a brief overview is given of the transfer to the liberalized market and how the situation is on this market at present. Special attention is paid to the pricing of electricity in a free market, which is determined by competition between electricity producers in the Netherlands and abroad. Finally, a comparison is made between the expected prices and tariffs in a liberalized market and the prices before the liberalization

The analysis of Taiwan's residential electricity demand under the electricity tariff policy

Science.gov (United States)

Chen, Po-Jui

In October 2013, the Taiwan Power Company (Taipower), the monopolized state utility service in Taiwan, implemented an electricity tariff adjustment policy to reduce residential electricity demand. Using bi-monthly billing data from 6,932 electricity consumers, this study examine how consumers respond to an increase in electricity prices. This study employs an empirical approach that takes advantage of quasi-random variation over a period of time when household bills were affected by a change in electricity price. The study found that this price increase caused a 1.78% decline in residential electricity consumption, implying a price elasticity of -0.19 for summer-season months and -0.15 for non-summer-season months. The demand for electricity is therefore relatively inelastic, likely because it is hard for people to change their electricity consumption behavior in the short-term. The results of this study highlight that demand-side management cannot be the only lever used to address Taiwan's forecasted decrease in electricity supply.

Electricity tariff systems for informatics system design regarding consumption optimization in smart grids

Directory of Open Access Journals (Sweden)

Simona Vasilica OPREA

2016-01-01

Full Text Available High volume of data is gathered via sensors and recorded by smart meters. These data are processed at the electricity consumer and grid operators' side by big data analytics. Electricity consumption optimization offers multiple advantages for both consumers and grid operators. At the electricity customer level, by optimizing electricity consumption savings are significant, but the main benefits will come from indirect aspects such as avoiding onerous grid investments, higher volume of renewable energy sources' integration, less polluted environment etc. In order to optimize electricity consumption, advanced tariff systems are essential due to the financial incentive they provide for electricity consumers' behaviour change. In this paper several advanced tariff systems are described in details. These systems are applied in England, Spain, Italy, France, Norway and Germany. These systems are compared from characteristics, advantages/disadvantages point of view. Then, different tariff systems applied in Romania are presented. Romanian tariff systems have been designed for various electricity consumers' types. Different tariff systems applied by grid operators or electricity suppliers will be included in the database model that is part of an informatics system for electricity consumption optimization.

Tariff regulation with energy efficiency goals

International Nuclear Information System (INIS)

Abrardi, Laura; Cambini, Carlo

2015-01-01

We study the optimal tariff structure that could induce a regulated utility to promote energy efficiency by its customers given that it is privately informed about the effectiveness of its effort on demand reduction. The regulator should optimally offer a menu of incentive compatible two-part tariffs. If the firm's energy efficiency activities have a high impact on demand reduction, the consumer should pay a high fixed fee but a low per unit price, approximating the tariff structure to a decoupling policy, which strengthens the firm's incentives to pursue energy conservation. Instead, if the firm's effort to adopt energy efficiency actions is scarcely effective, the tariff is characterized by a low fixed fee but a high price per unit of energy consumed, thus shifting the incentives for energy conservation on consumers. The optimal tariff structure also depends on the cost of the consumer's effort (in case the consumer can also adopt energy efficiency measures) and on the degree of substitutability between the consumer's and the firm's efforts. - Highlights: • We study the optimal tariff structure that induces an utility to adopt energy efficiency activities. • The regulator optimally offer a menu of incentive compatible two-part tariffs. • If energy efficiency activities have a high effectiveness, decoupling emerges as a solution. • If the energy efficiency actions are less effective, the tariff has a higher per unit price and lower fixed fee. • The optimal tariff structure also depends on the degree of substitutability between the consumer's and the firm's efforts

Efficient buyer groups for prediction-of-use electricity tariffs

OpenAIRE

Robu, V; Vinyals, M; Rogers, A; Jennings, NR

2014-01-01

Copyright ? 2014, Association for the Advancement of Artificial Intelligence.Current electricity tariffs do not reflect the real cost that customers incur to suppliers, as units are charged at the same rate, regardless of how predictable each customers consumption is. A recent proposal to address this problem are prediction-of-use tariffs. In such tariffs, a customer is asked in advance to predict her future consumption, and is charged based both on her actual consumption and the deviation fr...

Electricity price and tariff problems and approaches to their solving

International Nuclear Information System (INIS)

Piha, M.

1994-01-01

The following problems are discussed: (i) integrity of the tariff system, price setting and price control in relation to the secondary market; (ii) long-term contracting relations between the subjects - primary and secondary market entities; (iii) the setting of electricity purchase prices from independent producers; (iv) international integration of national systems, including electricity import prices; (v) cross-subsidies within the system; (vi) identification of adverse environmental impacts and their remediation by incorporating the associated costs into electricity prices; (vii) the cost basis of prices; (viii) objectivization of the cost basis; (ix) unification/diversification of the price and tariff levels and the associated distribution rent problem; (x) rational structure of the tariff system with respect to its complexity and ties to the measuring and control instrumentation and their efficiency; and (xi) breakdown of the costs of heat and electricity cogeneration and a fair price setting. (J.B.)

Electricity tariff design for transition economies. Application to the Libyan power system

Energy Technology Data Exchange (ETDEWEB)

Reneses, Javier; Gomez, Tomas; Rivier, Juan [Universidad Pontificia Comillas, Madrid (Spain); Angarita, Jorge L. [Europraxis Operations, Madrid (Spain)

2011-01-15

This paper presents a general electricity tariff design methodology, especially applicable for transition economies. These countries are trying to modernize their power systems from a centralized environment (with normally, a public vertically integrated electric company) to a liberalized framework (unbundling electricity companies and, eventually, starting a privatization process). Two issues arise as crucial to achieving a successful transition: (1) ensuring cost recovery for all future unbundled activities (generation, transmission, distribution and retailing), and (2) sending the right price signals to electricity customers, avoiding cross-subsidies between customer categories. The design of electricity tariffs plays a pivotal role in achieving both objectives. This paper proposes a new tariff design methodology that, complying with these two aforementioned criteria, requires a low amount of information regarding system data and customer load profiles. This is important since, typically, volume and quality of data are poor in those countries. The presented methodology is applied to computing tariffs for the Libyan power system in 2006, using real data. (author)

Community ideology vs national realism? The tricky problem of electricity tariffs

International Nuclear Information System (INIS)

Alavoine, Ivoa; Veyrenc, Thomas

2008-01-01

In this article, the authors first outline that regulated electricity tariffs trend to crystallize oppositions between European and national political legitimacies. In this respect, they comment the obviously diverging and incompatible positions of France and of the European Union on the regulation of electricity prices: legal procedures against France exist for a defect of transposition of a European directive; another procedure concerns the control of State subsidies; France has maintained a tariff regulation. The authors outline that these oppositions will have to be solved by national and European judges, and then comment that this opposition is related to the strong attachment of France to a tariff system built as a protection against European harmonisation: tariffs are considered as the most efficient and fairest regulation system

Wright tariffs in the Spanish electricity industry: the case of residential consumption

International Nuclear Information System (INIS)

Castro-Rodriguez, F.

1999-01-01

In this paper a capacity price model is developed for the Spanish electricity industry which allows the presentation of the Spanish utilization level tariffs as an example of duration tariffs (Wright tariffs) when duration is approximated by the ratio of consumption to power used. Using this model and data on the residential consumption of electricity, several optimal two-part tariffs are computed, considering different hypothesis on the configuration of the generating equipment. It has been found that the optimal tariff maintaining universal service increases welfare if the generating equipment and the output assignment to the different technologies are taken as given. Furthermore, if the regulator is concerned not only with efficiency, but also with distributive issues, then welfare losses associated with the existing regulatory regime are even larger

Tariff regulation models of the electric sector; Modelos de regulacao tarifaria do setor eletrico

Energy Technology Data Exchange (ETDEWEB)

Pires, Jose Claudio Linhares; Piccinini, Mauricio Serrao

2003-07-01

This article discusses the tariff regulation models adopted in the electricity utility sector, with a focus on the innovations introduced as a result of the liberalization of the sector that began in the 1980s. The principal tariff criteria are discussed: tariffs determined by the both the rate of return regulation and by marginal cost, and price-caps. Instruments complementary to tariffs are also examined. The main aim of the article is to contribute to a better understanding of the tariff rules adopted in the electricity sector. (author)

How much do electricity tariff increases in Ukraine hurt the poor?

International Nuclear Information System (INIS)

Dodonov, B.; Pfaffenberger, W.

2004-01-01

Increasing the electricity tariffs for private consumers to cost-covering levels has been a very sensitive issue for all transition countries. The likely negative social consequences are the central argument why the necessary tariff corrections have not yet been implemented in Ukraine by the political decision makers. Since official data is not available, there is insufficient knowledge regarding the electricity consumption behaviour of private households. This makes it difficult to counter the official arguments with hard evidence. A survey was carried out by the authors giving a more detailed picture. Basic data of the survey was used in evaluating the impact of possible tariff increases on the household expenditures of different income groups, using both the compensating (CV) and the equivalent variation (EV) methods. The findings confirm that an electricity tariff increase up to the level which would cover ''officially'' measured costs, as defined by the Ukrainian electricity regulatory authority, would not cause severe social problems. However, further increases up to a level, which would cover the ''true'' costs, i.e. up to a level comparable to the average OECD level, should only be realised in steps. (author)

How much do electricity tariff increases in Ukraine hurt the poor?

International Nuclear Information System (INIS)

Dodonov, Boris; Opitz, Petra; Pfaffenberger, Wolfgang

2004-01-01

Increasing the electricity tariffs for private consumers to cost-covering levels has been a very sensitive issue for all transition countries. The likely negative social consequences are the central argument why the necessary tariff corrections have not yet been implemented in Ukraine by the political decision makers. Since official data is not available, there is insufficient knowledge regarding the electricity consumption behaviour of private households. This makes it difficult to counter the official arguments with hard evidence. A survey was carried out by the authors giving a more detailed picture. Basic data of the survey was used in evaluating the impact of possible tariff increases on the household expenditures of different income groups, using both the compensating (CV) and the equivalent variation (EV) methods. The findings confirm that an electricity tariff increase up to the level which would cover 'officially' measured costs, as defined by the Ukrainian electricity regulatory authority, would not cause severe social problems. However, further increases up to a level, which would cover the 'true' costs, i.e. up to a level comparable to the average OECD level, should only be realised in steps

Basic Assumptions of the New Price System and Supplements to the Tariff System for Electricity Sale

International Nuclear Information System (INIS)

Klepo, M.

1995-01-01

The article outlines some basic assumptions of the new price system and major elements of the latest proposition for the changes and supplements to the Tariff system for Electricity Sale in the Republic of Croatia, including the analysis of those elements which brought about the present unfavourable and non-productive relations within the electric power system. The paper proposes measures and actions which should by means of a price system and tariff policy improve the present unfavourable relations and their consequences and achieve a desirable consumption structure and characteristics, resulting in rational management and effective power supply-economy relationships within the electric power system as a subsystem of the power supply sector. (author). 2 refs., 3 figs., 4 tabs

Italian electricity supply contracts optimization: ECO computer code

International Nuclear Information System (INIS)

Napoli, G.; Savelli, D.

1993-01-01

The ECO (Electrical Contract Optimization) code written in the Microsoft WINDOWS 3.1 language can be handled with a 286 PC and a minimum of RAM. It consists of four modules, one for the calculation of ENEL (Italian National Electricity Board) tariffs, one for contractual time-of-use tariffs optimization, a table of tariff coefficients, and a module for monthly power consumption calculations based on annual load diagrams. The optimization code was developed by ENEA (Italian Agency for New Technology, Energy and the Environment) to help Italian industrial firms comply with new and complex national electricity supply contractual regulations and tariffs. In addition to helping industrial firms determine optimum contractual arrangements, the code also assists them in optimizing their choice of equipment and production cycles

Investigating preferences for dynamic electricity tariffs: The effect of environmental and system benefit disclosure

International Nuclear Information System (INIS)

Buryk, Stephen; Mead, Doug; Mourato, Susana; Torriti, Jacopo

2015-01-01

Dynamic electricity pricing can produce efficiency gains in the electricity sector and help achieve energy policy goals such as increasing electric system reliability and supporting renewable energy deployment. Retail electric companies can offer dynamic pricing to residential electricity customers via smart meter-enabled tariffs that proxy the cost to procure electricity on the wholesale market. Current investments in the smart metering necessary to implement dynamic tariffs show policy makers’ resolve for enabling responsive demand and realizing its benefits. However, despite these benefits and the potential bill savings these tariffs can offer, adoption among residential customers remains at low levels. Using a choice experiment approach, this paper seeks to determine whether disclosing the environmental and system benefits of dynamic tariffs to residential customers can increase adoption. Although sampling and design issues preclude wide generalization, we found that our environmentally conscious respondents reduced their required discount to switch to dynamic tariffs around 10% in response to higher awareness of environmental and system benefits. The perception that shifting usage is easy to do also had a significant impact, indicating the potential importance of enabling technology. Perhaps the targeted communication strategy employed by this study is one way to increase adoption and achieve policy goals. - Highlights: • We evaluate preferences for domestic dynamic electricity tariffs in the US and EU. • We use an online choice experiment approach with two dynamic tariff options. • People are more likely to switch if shown environmental and system benefits. • People are more likely to switch if they find shifting demand easy to do. • Our results imply the importance of targeted communication and enabling technology

Two-band tariff for domestic use: Italian Electricity Board rate structure

International Nuclear Information System (INIS)

Barteselli, R.

1992-01-01

ENEL (the Italian National Electricity Board) has begun to introduce a new rate structure for households: the 'two-band tariff'. This article is an effort to examine in principle how the new tariff could optimize load management when applied to the whole household sector

Envisaging feed-in tariffs for solar photovoltaic electricity: European lessons for Canada

International Nuclear Information System (INIS)

Rowlands, I.H.

2005-01-01

While it is widely agreed that support schemes need to be put in place to promote the use of renewable electricity, there is less consensus as to what are the best kinds of strategies to use. What is attracting increasing attention in Canada is a system of renewable portfolio standards. In this, all power suppliers are under an obligation to ensure that a certain percentage of the electricity they generate is from renewable resources. They can either generate that electricity themselves or purchase 'green certificates' from those who have used renewables to generate electricity. Recent experience from Europe, however, suggests that a whole-hearted commitment to this single strategy could be premature and potentially damaging for the development of all kinds of renewable electricity in Canada, solar photovoltaics included. On the other side of the Atlantic Ocean, the use of so-called 'feed-in tariffs' (that is, an obligation for utilities to purchase, at a set price, the electricity generated by any renewable energy resource) is widely credited with accelerating the development of renewable electricity in many countries. The purpose of this article is to reflect upon this European experience with feed-in tariffs, to stimulate discussions regarding what promise they might hold for the development of solar photovoltaic electricity in Canada. The article is divided into three main sections. In the first section, policies to promote renewable electricity, presently in place in different parts of Canada, are reviewed. Attention is then focused, more specifically, in the second section of this article, upon 'feed-in tariffs'. After defining and describing this alternative system, experiences in the countries of the European Union are reviewed. The main strengths and weaknesses of feed-in tariffs - in the European experience - are also examined. The focus then moves back to Canada in the third section of the article. In this, a system of feed-in tariffs is proposed for the

Metering apparatus and tariffs for electricity supply

International Nuclear Information System (INIS)

1990-01-01

Conference papers presented cover system economies and tariff structure with papers on pricing of electricity and new metering technologies. Other topics reviewed include metering apparatus design, electronic metering apparatus and solid phase metering technology. Meter data retrieval, bulk supply metering, test equipment and maintenance, and legal requirements and standards are discussed. (author)

Grid-tied photovoltaic and battery storage systems with Malaysian electricity tariff

DEFF Research Database (Denmark)

Subramani, Gopinath; Ramachandaramurthy, Vigna K.; Padmanaban, Sanjeevikumar

2017-01-01

Under the current energy sector framework of electricity tariff in Malaysia, commercial and industrial customers are required to pay the maximum demand (MD) charge apart from the net consumption charges every month. The maximum demand charge will contribute up to 20% of the electricity bill......, and will hence result in commercial and industrial customers focussing on alternative energy supply to minimize the billing cost. This paper aims to review the technical assessment methods of a grid-connected solar photovoltaic (PV)-battery storage system-with respect to maximum demand shaving. An effective......, technical, and economic aspects of the solar PV-battery system and the Malaysian electricity tariff for commercial and industrial customers....

Turning green: Agent-based modeling of the adoption of dynamic electricity tariffs

International Nuclear Information System (INIS)

Kowalska-Pyzalska, Anna; Maciejowska, Katarzyna; Suszczyński, Karol; Sznajd-Weron, Katarzyna; Weron, Rafał

2014-01-01

Using an agent-based modeling approach we study the temporal dynamics of consumer opinions regarding switching to dynamic electricity tariffs and the actual decisions to switch. We assume that the decision to switch is based on the unanimity of τ past opinions. The resulting model offers a hypothetical, yet plausible explanation of why there is such a big discrepancy between consumer opinions, as measured by market surveys, and the actual participation in pilot programs and the adoption of dynamic tariffs. We argue that due to the high indifference level in today's retail electricity markets, customer opinions are very unstable and change frequently. The conducted simulation study shows that reducing the indifference level can result in narrowing the intention–behavior gap. A similar effect can be achieved by decreasing the decision time that a consumer takes to make a decision. - Highlights: • We propose an agent-based model to study the adoption of dynamic electricity tariffs. • The decision to change the tariff is based on the unanimity of τ past opinions. • The model explains why the empirically observed intention–behavior gap exists. • The adoption of dynamic tariffs is impossible due to the high level of indifference in today's societies. • Reducing the indifference level or decreasing the decision time can result in narrowing the gap

International perspectives on the importance of electric tariff transitioning to cost-based levels in Bulgaria

International Nuclear Information System (INIS)

Simpson, T.; Davis, F.; Dilovska, I.

1996-01-01

The traditional cost-of-service approach to power pricing has been replaced in many countries by market pricing mechanisms that compensate power producers at the marginal cost of production established collectively in the marketplace. The paper stresses the importance of cost-based tariff setting pointing out two main pricing principles of utility services: 1) Revenues must meet or exceed the utility average cost of production; 2) Marginal cost pricing for incremental consumption must ensure efficient allocation of resources. Examples describing the factors encouraging transition to economically efficient tariffs at a small utility are given for: Northwest U.S., MINENERGO in Belarus, Pacific Gas and Electric Co in California and the National Electric Co (NEK) in Bulgaria.The analysis of the Bulgarian electric sector is based on ongoing work being funded by the U.S. Agency for International Development. Each of the four utilities described faces a different challenge for transitioning tariffs to cost- based levels. However, one and the same broad conclusion applies in all cases: utility pricing must take into account the underlying average and marginal cost structures of the regional power industry. Bulgaria needs transition to cost-based tariffs to recover the electricity cost-of-service and to ensure that the electric sector operates efficiently and consumers are treated fairly. Measures that facilitate the process of tariff transitioning include: 1) Developing a transparent process of tariff setting with clear objectives, a plan and timetable, and roles of organizations; 2) Establishing of independent regulation to ensure that tariff setting objectives are achieved; 3) Instituting mechanisms to reward organizations for performance that achieves electric sector objectives. 3 figs

Introducing a demand-based electricity distribution tariff in the residential sector: Demand response and customer perception

International Nuclear Information System (INIS)

Bartusch, Cajsa; Wallin, Fredrik; Odlare, Monica; Vassileva, Iana; Wester, Lars

2011-01-01

Increased demand response is essential to fully exploit the Swedish power system, which in turn is an absolute prerequisite for meeting political goals related to energy efficiency and climate change. Demand response programs are, nonetheless, still exceptional in the residential sector of the Swedish electricity market, one contributory factor being lack of knowledge about the extent of the potential gains. In light of these circumstances, this empirical study set out with the intention of estimating the scope of households' response to, and assessing customers' perception of, a demand-based time-of-use electricity distribution tariff. The results show that households as a whole have a fairly high opinion of the demand-based tariff and act on its intrinsic price signals by decreasing peak demand in peak periods and shifting electricity use from peak to off-peak periods. - Highlights: → Households are sympathetic to demand-based tariffs, seeing as they relate to environmental issues. → Households adjust their electricity use to the price signals of demand-based tariffs. → Demand-based tariffs lead to a shift in electricity use from peak to off-peak hours. → Demand-based tariffs lead to a decrease in maximum demand in peak periods. → Magnitude of these effects increases over time.

Distributed Generation Dispatch Optimization under Various Electricity Tariffs

OpenAIRE

Firestone, Ryan; Marnay, Chris

2007-01-01

The on-site generation of electricity can offer building owners and occupiers financial benefits as well as social benefits such as reduced grid congestion, improved energy efficiency, and reduced greenhouse gas emissions. Combined heat and power (CHP), or cogeneration, systems make use of the waste heat from the generator for site heating needs. Real-time optimal dispatch of CHP systems is difficult to determine because of complicated electricity tariffs and uncertainty in CHP equipment...

High-efficiency electric motors: An analysis of a feasible tariff policy for Brazil

International Nuclear Information System (INIS)

Paiva Delgado, M.A. de; Tolmasquim, M.T.

1997-01-01

The main objective is to calculate an average value for an electricity tariff which will facilitate the introduction of high-efficiency electric motors in the production sector. Two computational models will be developed for technical-economic evaluation to assess economic attractiveness by calculating feasible average electricity tariffs in order to create a market for substitution of standard motors by new high-efficiency models (Purchase Decision Model) as well as to determine if retrofitting of standard installed motors by others with high-efficiency characteristics is viable, and, if so, to specify the optimum timing for such substitution (Substitution Decision Model). It should be noted that the Purchase Decision Model takes into account power factor adjustment and the Substitution Decision Model incorporates considerations as to reduction in the electromechanical performance of operating motors. Results indicate that even where average electricity tariffs are low, as in Brazil, high-efficiency motors are economically attractive compared to standard motors. There is an obvious need for complementary instruments to assist massive market penetration

Hearing of Francois Loos, ministry delegated to the Industry, on the electricity tariffs

International Nuclear Information System (INIS)

2007-01-01

The ministry answers questions relative to the electricity price: the position of the tariffs in Europe, the tariffs for the industry, the margins, EDF, the energy policy and the part of the nuclear, the fight against the CO 2 . (A.L.B.)

Technical Barriers, Licenses and Tariffs as Means of Limiting Market Access

DEFF Research Database (Denmark)

Schröder, Philipp J.H.; Jørgensen, Jan Guldager

2006-01-01

Technical barriers (standards), import licenses and tariffs may be deployed as means of limiting the market access of foreign firms. The present paper examines these measures in a setting of monopolistic competition. We find that, if protection focuses predominantly on the number of foreign firms...... accessing the domestic market, a technical barrier (an import license) may dominate a tariff (tariff and a tech- nical barrier) in terms of consumer welfare, even when tariff revenues are fully redistributed. However, if protection pays su±cient focus on limiting the total import volume, then tariffs...

The electric tariff in the residential sector; Tarificacion electrica en el sector residencial

Energy Technology Data Exchange (ETDEWEB)

Sheinbaum Pardo, Claudia [Instituto de Ingenieria, Universidad Nacional Autonoma de Mexico (UNAM), Mexico, D. F. (Mexico)

1997-12-31

The main objective of this paper is to make an historical revision and analyze the current condition of the electric tariffs in the Mexican residential sector and ask ourselves if the equalization of tariffs generates the possibility that the entire population has access to the electricity service. The document is divided into three parts. The first one presents the history and the tendencies of the tariffs in the domestic sector in Mexico since 1973 until 1996 and the current tariff structure. The second one describes the characteristics of the residential users and mention is made of how the increment of the electric tariffs would affect the various population sectors. The last part of this paper presents some tariff criteria, that take into account energy conservation measures [Espanol] El objetivo principal de este trabajo es hacer una revision historica y analizar la situacion actual de las tarifas electricas en el sector residencial mexicano y preguntarnos si la igualdad de tarifas genera la posibilidad de que toda la poblacion tenga acceso al servicio electrico. El documento se divide en tres partes. La primera presenta la historia y tendencias de las tarifas del sector domestico en Mexico desde 1973 hasta 1996 y la estructura tarifaria actual. La segunda describe las caracteristicas de los usuarios residenciales y se menciona como afectaria el incremento de las tarifas electricas a los distintos sectores de la poblacion. La ultima parte de este trabajo presenta algunos criterios de tarificacion, que toman en cuenta medidas de ahorro de energia

Comparing the feed-in tariff incentives for renewable electricity in Ontario and Germany

International Nuclear Information System (INIS)

Mabee, Warren E.; Mannion, Justine; Carpenter, Tom

2012-01-01

The development of feed-in tariff (FIT) programs to support green electricity in Ontario (the Green Energy and Green Economy Act of 2009) and Germany (the Erneuerbare Energien-Gesetz of 2000) is compared. The two policies are highly comparable, offering similar rates for most renewable electricity technologies. Major differences between the policies include the level of differentiation found in the German policy, as well as the use of a price degression strategy for FIT rates in Germany compared to an escalation strategy in Ontario. The German renewable electricity portfolio is relatively balanced, compared to Ontario where wind power dominates the portfolio. At the federal level, Canada does not yet have a policy similar to the European Directive on Renewable Energy, and this lack may impact decisions taken by manufacturers of renewable technologies who consider establishing operations in the province. Ontario's Green Energy and Green Economy Act could be benefit from lessons in the German system, especially with regard to degression of feed-in tariff rates over time, which could significantly reduce payments to producers over the course of a contract, and in turn encourage greater competitiveness among renewable power providers in the future. - Highlights: ► We compare two jurisdictions that utilize feed-in tariffs to support renewable electricity. ► Complementary policy such as mandated renewable energy use in conjunction with tariffs increases certainty for investors. ► Targeted incentives in the form of adders can deliver more diversity in renewable generation capacity. ► Degression of tariff rates delivers renewable generation capacity at lower cost.

Pilot experience yellow tariff

International Nuclear Information System (INIS)

Cassanti, W.A.; Esteves Junior, L.

1990-01-01

In the search for alternatives to reduce the probability of a electric energy shortage, the National Electric Sector decided to apply Real Cost Supply Tariff. The implementation of this tariff method to consumers supplied on low tension, Group B (lower than 2300 Volts), demands a better knowledge of measurement equipment, tariff values and consumers receptivity for energy modulation and/or conservation, all objects of this Yellow Tariff Experience. (author)

A survey of transmission tariffs in North America

International Nuclear Information System (INIS)

Lusztig, C.; Feldberg, P.; Orans, R.; Olson, A.

2006-01-01

One goal of electricity restructuring is to facilitate voluntary transactions in workably competitive wholesale electricity markets. Unfettered wholesale trading, however, can only take place under open and comparable access to transmission by all market participants at non-discriminatory tariffs. Since a rich body of literature exists for topics like nodal pricing, transmission rights, ancillary services, and optimal dispatch, this paper's focus is to survey the transmission tariffs actually used in North America to achieve open and comparable transmission access. In doing so, it provides a practical guide to developing a transmission tariff, illustrated by the survey's role in shaping the tariff filed by a company like the British Columbia Transmission Company (BCTC) with its regulator, the British Columbia Utilities Commission (BCUC). (author)

New experimental electricity tariff systems for household end use

NARCIS (Netherlands)

Wolsink, M.

1997-01-01

A significant tool in Demand Side Management is the structure of tariffs. Price incentives can be directed at different parts of the efficiency-concept: efficiency in capacity planning, efficiency in total electricity consumption, efficiency in total fossil fuel use, efficiency in total energy

An analysis of a demand charge electricity grid tariff in the residential sector

International Nuclear Information System (INIS)

Stokke, A. V.; Doorman, G.L.; Ericson, T.

2010-01-01

This paper analyzes the demand response from residential electricity consumers to a demand charge grid tariff. The tariff charges the maximum hourly peak consumption in each of the winter months Dec, Jan, and Feb, thus giving incentives to reduce peak consumption. We use hourly electricity consumption data from 443 households, as well as data on their grid and power prices, the local temperature, wind speed, and hours of daylight. The panel data set is analyzed with a fixed effects regression model. The estimates indicate average demand reductions up to 0.37 kWh/h per household in response to the tariff. This is on average a 5% reduction, with a maximum reduction of 12% in hour 8 in Dec. The consumers did not receive any information on their continuous consumption or any reminders when the tariff was in effect. It is likely that the consumption reductions would have been even higher with more information to the consumers.

WTO Agricultural Tariffication with Lessons for Tariff Adoption

Directory of Open Access Journals (Sweden)

Jeong¡-Bin Im

2005-06-01

Full Text Available According to the Uruguay Round Agreement on Agriculture (URAA, all agricultural non-tariff trade barriers should be converted into equivalent tariffs and further, reduced over time. However each member country has the authority to choose the tariff types when it converts NTBs to tariffs such as ad valorem tariff and specific tariff. The paper tries to find the reason for the choice of a certain type of tariff in the process of tariffication after the UR negotiation on agriculture. To achieve this goal, the paper analyses the effects of tariffication of a fixed quota into tariffs on price, trade and welfare in a number of scenarios related to the sources of uncertainty. In this paper, we examine the nonequivalence of specific tariff and ad valorem tariff, which are general type of tariffs used in the most of countries. The paper has shown that the two types of tariffs selected by tariffication of import quota are not generally equivalent in both their effects on price and trade stability and welfare with the trade model under uncertainty. The main conclusion of this study is that there is no general presumption that one tariff regime is superior to the other tariff regime under conditions of uncertainty. The precise source of uncertainty and the properties of the relevant demand and supply functions might affect the determination of tariff type selected after tariffication of non-tariff barriers.

Integrated Electricity Planning Comprise Renewable Energy and Feed-In Tariff

OpenAIRE

Ho Wai Shin; Haslenda Hashim

2012-01-01

Problem statement: Mitigation of global warming and energy crisis has called upon the need of an efficient tool for electricity planning. This study thus presents an electricity planning tool that incorporates RE with Feed in-Tariff (FiT) for various sources of Renewable Energy (RE) to minimize grid-connected electricity generation cost as well as to satisfy nominal electricity demand and CO2 emission reduction target. Approach: In order to perform these tasks, a general Mixed Integer Linear ...

Modelling altered revenue function based on varying power consumption distribution and electricity tariff charge using data analytics framework

Science.gov (United States)

Zainudin, W. N. R. A.; Ramli, N. A.

2017-09-01

In 2010, Energy Commission (EC) had introduced Incentive Based Regulation (IBR) to ensure sustainable Malaysian Electricity Supply Industry (MESI), promotes transparent and fair returns, encourage maximum efficiency and maintains policy driven end user tariff. To cater such revolutionary transformation, a sophisticated system to generate policy driven electricity tariff structure is in great need. Hence, this study presents a data analytics framework that generates altered revenue function based on varying power consumption distribution and tariff charge function. For the purpose of this study, the power consumption distribution is being proxy using proportion of household consumption and electricity consumed in KwH and the tariff charge function is being proxy using three-tiered increasing block tariff (IBT). The altered revenue function is useful to give an indication on whether any changes in the power consumption distribution and tariff charges will give positive or negative impact to the economy. The methodology used for this framework begins by defining the revenue to be a function of power consumption distribution and tariff charge function. Then, the proportion of household consumption and tariff charge function is derived within certain interval of electricity power. Any changes in those proportion are conjectured to contribute towards changes in revenue function. Thus, these changes can potentially give an indication on whether the changes in power consumption distribution and tariff charge function are giving positive or negative impact on TNB revenue. Based on the finding of this study, major changes on tariff charge function seems to affect altered revenue function more than power consumption distribution. However, the paper concludes that power consumption distribution and tariff charge function can influence TNB revenue to some great extent.

Principles of tariff determination for NPP electric power generation

International Nuclear Information System (INIS)

Ratnikov, B.E.; Gitel'man, L.D.; Artemov, Yu.N.; Fiantsev, V.S.

1988-01-01

Foundations of price-setting and order of accounting arrangement for NPP electric power are considered. NPP tariffs are established proceeding from standard costs of power generation. The standards are differentiated as to NPP groups, depending on technical, regional and natural geographic factors, taking into account the facility type, unit capacity and the number of similar NPP units. The conclusion is made that under conditions of NPP economic independence expansion and creation of prerequisites for going over to self-financing principles and also due to the qualitatively new stage of nuclear power generation development the level of efficiency, forseen by the tariffs, should be increased

Estimating the Economic Effects of Reducing Non-Tariff Barriers in the EEU

OpenAIRE

Vinokurov, Evgeny; Demidenko, Mikhail; Pelipas, Igor; Tochitskaya, Irina; Shymanovich, Gleb; Lipin, Andrey; Movchan, Veronika

2015-01-01

The report provides the first comprehensive assessment of the effects of non-tariff barriers on mutual trade in the EEU and gives recommendations as to how to remove them. It is based on a poll of 530 Russian, Kazakh and Belarusian exporters. In the research non-tariff barriers are divided into two groups. The first group includes non-tariff barriers such as sanitary and phytosanitary measures, technical barriers to trade, quotas, prohibitions, and quantitative controls. The second group comp...

Pricing and tariffs

International Nuclear Information System (INIS)

Dyrelund, A.

1993-01-01

Danish suppliers of electricity and district heating are with a few exceptions either public utilities or cooperatives owned by consumers. The basic tariff regulations for electricity and heat in Denmark state that the tariff has to cover all costs and that only a reasonable interest of invested capital may be included in the tariff. Consequently, all profit has to be used to lower prices. For municipality-owned utilities the consumer prices would be the same if the consumers were the owners. It is typical for the district heating and electricity sector that the technical system, the organizations involved and the tariff levels show the same structure: Plants - transmission - distribution - consumer. E.g. the price of energy from the transmission system includes costs of plants and transmission, but not costs of distribution. Concerning energy saving measures in buildings it is important to note that energy saving measures should not be evaluated on the basis of saved GJ (Giga Joule) thermal energy and GJ electricity because the fuel energy consumption and the share of variable costs depend on the supply system. To find least-cost solutions to satisfy the basic demand for energy services, it is necessary to be aware of the whole chain of elements from fuel to services: fuel - plant - network - consumer installations - building envelope - services. The consumer tariff is the most important link between the supply systems and the buildings. A reasonably designed incentive tariff may work for least-cost solutions, whereas other tariffs may encourage a waste of resources, either waste of fuel energy or waste of investments. (AB)

Electricity tariffs in France: price list

International Nuclear Information System (INIS)

Pinta, J.C.

1999-01-01

On April 20, 1997, Electricite de France (EdF) started the first step of its tariffs change as planned in the 1997-2000 company contractual agreement. A second step followed on May 1, 1998. The 1997 tariffs represent an average decay of 6% explained in constant currency while the 1998 average decay is of 3.5%. The average decay over the whole 1997-2000 period will be of 14%. These decays are followed by changes in the tariffs structure which are summarized in this paper as a series of tables: tariff of sales (domestic customers and farmers, professionals, public, communal and inter-communal organizations, overseas departments and Corsica) and tariffs of purchase (hydraulic and wind producers in mother country and overseas departments). (J.S.)

Valuation of switchable tariff for wind energy

International Nuclear Information System (INIS)

Yu, Wang; Sheble, Gerald B.; Lopes, Joao A. Pecas; Matos, Manuel Antonio

2006-01-01

The current fixed tariff remuneration for wind energy is not compatible with the deregulation of the electric power industry. The time-varying and location-dependent value of renewable energy is not acknowledged. The newly announced switchable tariff for wind energy in the Spanish electricity market provides a promising solution to compensating renewable energy within the deregulated electric power industry. The new switchable tariff provides wind generators more flexibility in operating wind generation assets. Such flexibilities provide option value in coordinating the seasonality of wind energy, demand on electric power and electricity prices movement. This paper models and valuates the flexibility on switching tariff as real compound options for wind generators. Numerical examples valuate wind generation assets under fixed tariff, spot market price taking, and yearly and monthly switchable tariffs. The optimal switching strategies are identified. The impacts of the switchable tariff on sitting criteria and values of wind generation assets are investigated. An improvement on the yearly switchable tariff is suggested to further reduce the operation risk of wind generators and fully explore the efficiency provided by competitive electricity markets. (author)

Structure of tariffs for natural gas, electricity and heat for bound customers in the Netherlands

International Nuclear Information System (INIS)

2000-04-01

As a result of the new Dutch Electricity Law and the Natural Gas Law energy consumers in the Netherlands are or will be free to choose an energy supplier. The freedom of choice for small-scale consumers (e.g. households, small businesses) will be realized in a few years. For them, this booklet gives insight into the structure which forms the basis of tariffs for natural gas, electricity and heat in the Netherlands. How final consumption tariffs are determined is explained on the basis of the related starting points, tariffs for buying and selling, taxes and surcharges on the markets for the fore-mentioned energy carriers

Design of grid tariffs in electricity systems with variable renewable energy and power to heat

DEFF Research Database (Denmark)

Skytte, Klaus; Bergaentzlé, Claire; Soysal, Emilie Rosenlund

2017-01-01

electricity market and diminish the business cases for these technologies by increasing the costs of their electricity consumption. With the present tariff structure, only a very small part of the flexibility potential is deployed or operated flexible. In this paper we compare two different grid tariff...... designs that facilitate more flexible energy demand of DH operators. This is illustrated by a case study of Denmark that clearly demonstrates that the introduction of innovative tariffs will improve the business case for flexible P2H technologies and increase the value of VRE. In this way larger...... flexibility potentials can be induced and larger shares of VRE become integrated in the energy systems....

Market access through bound tariffs

DEFF Research Database (Denmark)

Sala, Davide; Yalcin, Erdal; Schröder, Philipp

2010-01-01

on the risk that exporters face in destination markets. The present paper formalizes the underlying interaction of risk, fixed export costs and firms' market entry decisions based on techniques known from the real options literature; doing so we highlight the important role of bound tariffs at the extensive...... margin of trade. We find that bound tariffs are more effective with higher risk destination markets, that a large binding overhang may still command substantial market access, and that reductions in bound tariffs generate effective market access even when bound rates are above current and longterm...

Market Access through Bound Tariffs

DEFF Research Database (Denmark)

Sala, Davide; Schröder, Philipp J.H.; Yalcin, Erdal

on the risk that exporters face in destination markets. The present paper formalizes the underlying interaction of risk, fixed export costs and firms' market entry decisions based on techniques known from the real options literature; doing so we highlight the important role of bound tariffs at the extensive...... margin of trade. We find that bound tariffs are more effective with higher risk destination markets, that a large binding overhang may still command substantial market access, and that reductions in bound tariffs generate effective market access even when bound rates are above current and long...

Report on the behalf of the Commission of inquiry on electricity tariffs. Nr 2618

International Nuclear Information System (INIS)

Gaymard, Herve; Valter, Clotilde

2015-01-01

This huge report first proposes a critical overview of the current French electricity tariff system and a new arrangement. In this overview, the authors indicate the various objectives of this tariff: to cover the costs of electricity providers, to cover the costs of grid managers, to ensure the geographical equalization of electricity price, to preserve the household purchasing power, to favour enterprise competitiveness, to implement energy transition, to influence user energy consumption, to make available financial resources for local communities and State, and to finance pensions of staff of electricity and gas industries. They describe the current situation which can be defined as an end of a monopoly without any actual competition: salami slicing of the electricity sector, a marginal and costly competition (limited opening to competition, price increase instead of decrease). They also describe the situation of EDF, its evolution from a golden age to a critical situation, a financial situation on a razor's edge, an incoherent and disturbing State. They present the European legal framework as unanimously contested, and the main challenges of energy transition. Then, the authors describe how to introduce coherence in the tariff system again: by giving means to EDF to face future challenges (by clarifying the State's position, by decreasing EDF's costs, by enabling EDF to play leading role in the world in the field of low-carbon energies), by supporting an integrated vision of a Europe of electricity (by developing a more ambitious European framework), and by revising the electricity tariff structure. The many hearings of various actors of the electricity and energy sectors are reported (these actors belong to public bodies, energy companies, professional associations, consumer associations, and so on)

Calculation of investment cost and electricity tariff on first building of Nuclear power plant in Indonesia

International Nuclear Information System (INIS)

Mochamad Nasrullah; Sudi Arianto

2005-01-01

Nuclear power plant as one alternative power plant for Indonesia is expected to attract interest of investors to invest in electricity sector. Calculation of investment cost and electricity tariff is a nearly necessary Information needed by investors. Spread sheet calculations on construction cost including Interest During Construction and escalation as well as financial viability are implemented. Result of the study show that overnight cost before escalation is US $ 2.682.865.200,- and after IDC and escalation it becomes US $ 3.795.712.088 or 1.807,5 US$/k We. Levelized Tariff is at around 4,57 cents/kWh. Levelized Tariff is 3,5 cents/kWh not feasible to the project of because all financial parameter show negative value. The project is financially feasible if calculated levelized tariff within arrange of 4,0 cents/kWh-5,5 cents/kWh. The most profitable tariff for investor is within arrange of 4,87 cents/kWh - 5,11 cents/kWh. (author)

A Simple Model of Trade with Heterogeneous Firms and Trade Policy

OpenAIRE

Fukushima, Marcelo; Kikuchi, Toru

2008-01-01

This paper builds a Ricardian-Chamberlinian two-country model with heterogeneous firms in a monopolistically competitive sector in which every new entrant faces increasing fixed costs of production. There are efficiency gaps between countries in marginal and fixed costs and a country unilaterally imposes an import tariff. It is shown that an increase in tariff increases the number of firms of the tariff imposing country while decreases the number of firms of the tariff-imposed country, ...

Distribution network tariffs: A closed question?

International Nuclear Information System (INIS)

Rodriguez Ortega, Maria Pia; Perez-Arriaga, J. Ignacio; Rivier Abbad, Juan Rivier; Gonzalez, Jesus Peco

2008-01-01

Electricity regulators are facing new challenges to keep the pace of the liberalization process and the revision of regulatory schemes that is taking place all over the world. The pressure is also felt by regulated activities such as distribution. One of the main objectives of this process is to improve efficiency. Electricity rates and more specifically distribution network tariffs should also be adapted to these new requirements. This paper describes the main rate design approaches that are used to recover distribution costs. Drawbacks of the current methods are highlighted, and a new tariff design methodology based on cost causality is presented. Efficiency achievement as well as compliance with legal and regulatory criteria, such as cost recovery and non-discrimination, is analyzed

Determinants of green electricity tariff uptake in the UK

International Nuclear Information System (INIS)

MacPherson, Ronnie; Lange, Ian

2013-01-01

A number of countries offer domestic consumers the option of buying their electricity supply through a ‘green tariff’, whereby the supplier typically guarantees that all or part of the supply has been generated using renewable energy sources. Previous studies that have sought to identify variables predicting why consumers choose to purchase a green tariff have utilized surveys specifically about the topic. This study builds on previous work by reviewing the UK market using data from the Understanding Society Survey, a general survey of households which should be free from framing or focalism concerns. In addition, this data includes variables that – to the authors’ knowledge – have not been tested through other work. Results find that individuals in the highest income quartile, those with higher qualifications, those supporting the Green political party, and those exhibiting strong environmental behaviour were all more likely to have purchased green tariffs. Significant to a lesser degree were strong environmental attitudes and those households with some form of renewable energy technology installed. -- Highlights: •Model consumer determinants of the uptake of green tariffs. •Utilize behavioural as well as demographic variables to explain outcome. •Highest income quartile and green behaviours most correlated with outcome

Royal Decree 441/1986 of 28 February 1986 on the establishment of new electricity tariffs

International Nuclear Information System (INIS)

1986-01-01

This Decree raises electricity tariffs and prescribes the use to be made of the funds obtained from the sale of electricity: electrical/technical R and D, constitution of uranium stocks and work on the terminal part of the nuclear fuel cycle. (NEA) [fr

A Dynamic Electricity Tariff Survey for Smart Grid in South Korea

Directory of Open Access Journals (Sweden)

Eunjoo Kim

2017-02-01

Full Text Available In this paper, an analysis for consumer perception of the level of electricity price, the amount of household electricity consumption and consumer perception on dynamic electricity pricing system in South Korea are investigated. A survey was conducted between July 24 and August 17, 2015 and then for the preference analysis, Binary Logistic Model is applied for the acceptance, Ordered Probit Model is applied. The major findings say that the less they have monthly income, the more satisfied dynamic pricing. In dynamic electricity tariff, real time pricing is most preferred dynamic pricing system and it reaches about 40% of respondents.

Supplementing an emissions tax by a feed-in tariff for renewable electricity to address learning spillovers

International Nuclear Information System (INIS)

Lehmann, Paul

2013-01-01

In the presence of learning spillovers related to renewable energy technologies, an optimal strategy to mitigate climate change should complement an emissions tax by a subsidy for renewables. This article addresses the question how such subsidy should be designed. It is shown that the widely-used approach of a revenue-neutral fixed feed-in tariff can yield an optimal outcome under restrictive conditions only. It has to be adapted continuously as the electricity price changes. Moreover, funding the tariff by a surcharge on the electricity price has important implications for the design of the emission tax. The optimal tax rate has to be below the Pigovian level, differentiated across fossil fuels and adapted over time as the patterns of technological development change. These requirements may pose a formidable challenge for practical decision-making. However, it is important to point out that the eventual choices made with respect to the design and funding of a feed-in tariff have to be based on a careful and more comprehensive policy assessment, including, inter alia, economic effects beyond the electricity sector and existing institutional constraints. - Highlights: • Learning spillovers may warrant a combination of emissions and technology policies. • A revenue-neutral feed-in tariff can correct learning spillovers efficiently. • Optimal implementation of this approach is tedious in practice though. • Tariff and emissions tax have to be differentiated and adapted continuously. • Eventual policy decision depends on institutional constraints and economy-wide effects

Design of variable energy and price components of electricity tariffs as an incentive for system-efficient energy management of flexible consumers in households

International Nuclear Information System (INIS)

Schreiber, Michael

2017-01-01

To mitigate anthropogenic climate change, both the heating and transport sectors will need to be electrically driven, with the higher electrical demand met by emission-free technologies, in addition to general efficiency improvements. On the generation side, wind and photovoltaic power plants must have a rated power significantly exceeding the current peak demand, in order to cover this increased electrical requirement. On the consumption side, heat pumps and private electric vehicles will increase the percentage of energy withdrawn at the low-voltage level of the new system. Given the right incentives, these customers will shift the energy demand in such a way as to benefit the system. This flexibility can be used as a tool to deal with variable renewable insertion while avoiding simultaneous overloading of the power grid. This thesis analyses and evaluates the effects of different electricity tariff designs on energy consumption. These tariffs should incentivise households to adapt their energy consumption to market prices, without inducing critical peak demands in times of particularly low prices. Therefore, time-varying energy price components and power price components are combined into flexible electricity tariffs and implemented as target functions within an optimization problem. The cost-minimizing effect of household energy management is determined under these flexible tariffs, and the effects of the tariff designs on energy consumption and the induced costs are evaluated. Additionally, the results of the flexible tariff approach are compared with results from a centralized optimization by a virtual power plant. It is possible to develop a design for a suitable flexible tariff that decreases the energy procurement costs of electric vehicles while simultaneously reducing peak demand in comparison to a single real-time pricing incentive. Furthermore, this thesis shows that certain kinds of electricity tariff design do not only fail to support but actually

Method for a national tariff comparison for natural gas, electricity and heat. Set-up and presentation

International Nuclear Information System (INIS)

1998-05-01

Several groups (within distribution companies and outside those companies) have a need for information and data on energy tariffs. It is the opinion of the ad-hoc working group that a comparison of tariffs on the basis of standard cases is the most practical method to meet the information demand of all the parties involved. Those standard cases are formulated and presented for prices of electricity, natural gas and heat, including applied consumption parameters. A comparison of such tariffs must be made periodically

Analysis of reflectivity & predictability of electricity network tariff structures for household consumers

NARCIS (Netherlands)

Nijhuis, M.; Gibescu, M.; Cobben, J. F.G.

2017-01-01

Distribution network operators charge household consumers with a network tariff, so they can recover their network investment and operational costs. With the transition; towards a sustainable energy system, the household load is changing, through the introduction of photovoltaics and electric

Analysis of tariff levels from electric company in relation to financing request

International Nuclear Information System (INIS)

Correa, A.L.S.

1991-11-01

The economic-financial model of the Brazilian electric sector is discussed, considering the compatibility of the practiced tariff levels to the demand of consumption market and the production and operation costs. Some institutional actions are identified as solutions for emergency questions and subsides to the big strategies. The economic-finance indicators are also presented, showing the performance of the electrical companies. (C.G.C.)

Impacts of Tariff and Non-tariff Trade Barriers on Global Forest Products Trade: An Application of the Global Forest Products Model

NARCIS (Netherlands)

Sun, L.; Bogdanski, B.; Stennes, B.; Kooten, van G.C.

2010-01-01

Although there has been considerable analysis on the effects of trade measures on forest product markets, these have tended to focus on tariffs. There is growing concern about the impact of non-tariff trade measures on the global forest product sector. The objective of this study is to fill a gap

Climate change : the case for a carbon tariff/tax

International Nuclear Information System (INIS)

Courchene, T.J.; Allan, J.R.

2008-01-01

Canada's ratification of the Kyoto Protocol will not adequately address the country's contribution to global climatic change. This paper proposed a 2-tier system consisting of internationally imposed carbon import tariffs combined with an equivalent domestic carbon tax. The approach was designed to engage global exporters and importers, while also involving governments and policy commitments related to emissions and cap-and-trade systems. Although a carbon tax on emissions is preferable to an opting-in approach, Canadian government has rejected carbon taxes due to the suspicion that Canadian companies will easily circumvent regulations. It is anticipated that many companies in carbon tax compliant countries will outsource production to non-compliant countries. The proposed approach required that carbon taxes will be applied to all domestically produced and consumed products, while tariffs will be levied against products from exporting firms. Outsourcing to take advantage of lax environmental policies in pollution havens will be subject to a carbon footprint tariff. The tariff will also serve to reduce the carbon content of exports. Proceeds of the tax can be used in a variety of ways to reduce greenhouse gas (GHG) emissions. It was concluded that Canada will need to supplement domestic carbon taxes with a proposed carbon import tariff. 1 fig

Transmission cost allocation for an efficient tariff action of electricity in a liberalised market

International Nuclear Information System (INIS)

Bassi, C.; Caldon, R.; Lorenzoni, A.

1999-01-01

The work is focused on the evaluation of the costs of an electricity transmission system operator and on their allocation among the users of the grid in liberalized market. After a recall of the goals of an efficient tariff for transmission, an original method for the cost allocation is proposed called ZI. Based on the marginal cost approach, this method could be the base for setting an efficient transmission tariff that at the same time covers costs and stimulates efficient behaviours. The performances of such an approach have been tested on a real 47 bus grid and ZI tariffs have been compared to the traditional postage stamp ones, highlighting the strong differences between them [it

Micro economic evaluations of transferal tariffs and income framework

International Nuclear Information System (INIS)

Wangensteen, Ivar; Groenli, Helle

2000-01-01

The report discusses conditions of transferral tariffs as micro economic measures in the income-regulating frameworks of today. The process from aim to implementation of the tariff measures is described and the conditions as the tariff goal, segmenting of the customers and their price sensitivity are discussed. The report deals specifically with construction grants and connection fees. Connection fees are proposed as measures in order to influence dimensioning, while construction grants may be suitable in certain conditions for influencing the localisation. These measures would have different effects on the network companies' incomes and costs also due to the accounting regulations. A selection of tariff measures is proposed that illuminate the problems of the network companies. ''How shall the present income frames be distributed among the customers in order to stimulate the reduction of the costs and an increase of the income framework.'' The tariff measures are illustrated by specific numeric examples and the influence on incomes and costs are discussed. Examples of tariff measures are: Do not use the connection fee but rather the construction grant or increase the firm power part, only use the energy part, effect part or the firm power part. Solely altering of the tariff parts may result in the following: 1) Altering the firm power part: An increase would give a more stable yearly profit. 2) Altering of the energy part: An increase would promote a reduced consumption and thereby negatively influence a possible increase in the income frames. An increase may on the other hand reduce the costs of loss and delay investments. 3) Altering of the effect part: An increase would promote reduced maximal effects, lower the costs of loss and delay investments. 4) Reducing the connection fee would increase the maximum construction grant that could be applied for. This would result in a larger part of the construction costs could be covered within the income frames and would

Tariff design for communication-capable metering systems in conjunction with time-variant electricity consumption rates; Gestaltung von Tarifen fuer kommunikationsfaehige Messsysteme im Verbund mit zeitvariablen Stromtarifen. Eine empirische Analyse von Praeferenzen privater Stromkunden in Deutschland

Energy Technology Data Exchange (ETDEWEB)

Gerpott, Torsten J.; Paukert, Mathias [Duisburg-Essen Univ., Duisburg (Germany). Lehrstuhl Unternehmens- und Technologieplanung, Schwerpunkt Telekommunikationswirtschaft

2013-06-15

In Germany too, communication-capable electricity metering systems (CMS) together with time-based differentiation of kWh-rates for energy consumption are increasingly proliferated among household customers. Nevertheless, empirical evidence with respect to preferences of members of this customer group for the design of CMS tariff elements and of time-variant electricity consumption rates is still scarce. The present study captures such preferences by means of conjoint analysis of data obtained in an online survey of 754 German-speaking adults. Examined CMS tariff elements are a one-off installation fee and monthly recurring use charges. The studied characteristics of time-based rates are the number of time/tariff blocks, the maximum spread between kWh-rates for different time windows and the adaptability/predictability of kWh-rates. Most respondents judged multidimensional CMS and electricity consumption tariff offerings mainly in light of the CMS tariff characteristics. The vast majority of the participants perceived kWh-rates, which may change with a minimum lead time of one day as reducing the benefit of CMS and consumption tariff bundles. Tariff preferences on the one hand were only rarely significantly related to customers' socio-demographic and electricity procurement characteristics as well as their CMS-related expectations/assessments on the other. The willingness to accept CMS-related one-off installation and recurring service charges as well as the propensity to opt for time-dependent electricity consumption tariff variants differing clearly from non-differentiated electricity price schemes appear to be positively affected by customers' practical application experience with CMS and time-variant electricity consumption rates. Conclusions are drawn for energy suppliers seeking to propagate CMS-based time-variant tariffs among household customers in Germany and for future scholarly research. (orig.)

Tariff formulation and equalization

International Nuclear Information System (INIS)

Svartsund, Trond

2003-01-01

The primary goal of the transmission tariff is to provide for socioeconomic use of the transmission grid. The present tariff structure is basically right. The responsibility for the formulation of the tariff resides with the local grid owner. This must take place in agreement with the current regulations which are passed by the authorities. The formulation must be adaptable to the local requirements. EBL (Norwegian Electricity Industry Association) is content with the current regulations

Electric energy tariffs - critical analysis and methodological proposition; Estrutura de tarifas de energia eletrica. Analise critica e proposicoes metodologicas

Energy Technology Data Exchange (ETDEWEB)

Fugimoto, Sergio Kinya

2010-07-01

Currently, the electric energy sector is preparing for the third round of the distributors tariff revisions. Since the regulatory environment is more consolidated in terms of required revenue, the agents are turning their attention to the necessary adjustment and correction of the tariff structure. In fact, ANEEL (regulatory agency) set topics for R and D projects considered strategic for the development of national energy sector, among them, the Tariff Structure Project. Recently, the regulatory agency also announced public hearings dealing with the costs allocation, price signals and tariffs for low-voltage consumers. In line with this debate, the thesis finds to analyze the methodology for calculating tariffs, systematizing knowledge dispersed in various references. For this, it discusses the major aspects of peak pricing theory, including American, British and French approaches, and researches the connection between the logic built into the costs allocation by hour and the criteria for electricity distribution system planning. Aiming to reflect the costs of each customer type, indicating a better utilization of the distribution system, are proposed improvements and innovation whose highlights are: shifting the idea that expansion costs should be only allocated in peak time of the system, setting the periods after calculating the costs, changing how to derive the reference charges by average aggregation of the costs and applying the methodology on altered load curves. Finally, this thesis seeks to prove that the current methodology, although designed by the time in which the electricity sector was aggregated, can be adapted according to the proposed improvements and innovations, and thus applied to the current environment in which electric energy businesses and tariffs are separated in generation, transmission, and distribution and retail areas. (author)

Optimal tariff design under consumer self-selection

Energy Technology Data Exchange (ETDEWEB)

Raesaenen, M.; Ruusunen, J.; Haemaelaeinen, R.

1995-12-31

This report considers the design of electricity tariffs which guides an individual consumer to select the tariff designed for his consumption pattern. In the model the utility maximizes the weighted sum of individual consumers` benefits of electricity consumption subject to the utility`s revenue requirement constraints. The consumers` free choice of tariffs is ensured with the so-called self-selection constraints. The relationship between the consumers` optimal choice of tariffs and the weights in the aggregated consumers` benefit function is analyzed. If such weights exist, they will guarantee both the consumers` optimal choice of tariffs and the efficient consumption patterns. Also the welfare effects are analyzed by using demand parameters estimated from a Finnish dynamic pricing experiment. The results indicate that it is possible to design an efficient tariff menu with the welfare losses caused by the self-selection constraints being small compared with the costs created when some consumers choose tariffs other than assigned for them. (author)

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.

Review of European regulatory and tariff experience with the sale of heat and electricity from combined heat and power plants

International Nuclear Information System (INIS)

Dyrelund, A.

1991-12-01

The Prince Edward Island Energy Corporation, Edmonton Power, Energy, Mines and Resources Canada and the Canadian Electrical Association commissioned a study to understand how electrical power and district heat from combined heat and power (CHP) plants is priced in Europe. Four northern European countries were investigated, Denmark, Germany, Sweden and Finland. These countries produce 45.8 TWh of power from combined heat and power plants, 7.1% of their annual consumption. In the case of Denmark, CHP accounts for 37.5% of its total power production. The energy situation in each country is reviewed using published statistics, and in particular the rapidly changing situation with regard to environmental and fuel taxes is examined. In order to obtain practical insights with regard to tariffs used by the various utilities, a series of generic examples were examined, supported by specific case studies. Technologies reviewed included: CHP from coal-fuelled extraction plant, CHP from coal-fuelled back pressure plant, waste heat from a municipal waste plant, and gas turbine with waste heat recovery. The benefits and risks associated with different tariff designs are discussed in detail including tariff formulae. This should enable interested parties to develop appropriate tariffs for combined heat and power plants in the context of current electrical utility policies. As a complement to the tariffs for combined heat and power plants, the design of district heating tariffs is also addressed. The typical concepts used in different countries are presented and discussed. 23 tabs

Exploring the impact of network tariffs on household electricity expenditures using load profiles and socio-economic characteristics

Science.gov (United States)

Azarova, Valeriya; Engel, Dominik; Ferner, Cornelia; Kollmann, Andrea; Reichl, Johannes

2018-04-01

Growing self-generation and storage are expected to cause significant changes in residential electricity utilization patterns. Commonly applied volumetric network tariffs may induce imbalance between different groups of households and their respective contribution to recovering the operating costs of the grid. Understanding consumer behaviour and appliance usage together with socio-economic factors can help regulatory authorities to adapt network tariffs to new circumstances in a fair way. Here, we assess the effects of 11 network tariff scenarios on household budgets using real load profiles from 765 households. Thus we explore the possibly disruptive impact of applying peak-load-based tariffs on the budgets of households when they have been mainly charged for consumed volumes before. Our analysis estimates the change in household network expenditure for different combinations of energy, peak and fixed charges, and can help to design tariffs that recover the costs needed for the sustainable operation of the grid.

Electricity between monopoly and competition. Selling at the marginal cost. The rational guidance of electric energy consumption by tariffs

International Nuclear Information System (INIS)

Boiteux, Marcel

2015-10-01

Within the perspective of the introduction of competition, the first article comments the issues related to the different professions: distribution (which solutions as multiple grids would be too expensive?), interconnection and transport grids (same questions), and production. The author outlines some characteristics of electricity: it cannot be stored, is a rigid product, has a price elasticity almost null on the short term. Then he discusses different problems to be solved: transport tolls, competition for production, difference between customers (big clients, households, handicraft). In the second article, the author discusses the issue of pricing (why selling at cost price or at marginal cost price?) and discusses the definition of this marginal cost. In the third article, the author comments the common use of tariffs by electricity distribution companies as an incentive for a rational use of electric energy by consumers. He describes how prices are factors of economic choice, the implication of selling at cost price and at marginal cost price. He discusses the relationship between marginal cost price and budget balance, and the practical adaptation of tariffs

Tariff Policy and Transport Costs under Reciprocal Dumping

OpenAIRE

Jun Oshiro

2011-01-01

This paper analyzes tariff competition by investigating the strategic interactions among firms that are highly mobile across national boundaries. Although high transport costs yield a geographic dispersion of the industry, sufficiently low transport costs result in a core-periphery location where nobody bears tariff burdens. In any case, the world economy would be in a much better position under an international coordination scheme. An economy is only required to enforce a weak international ...

Real-Time Tariffs for Electric Vehicles in Wind Power based Power Systems

DEFF Research Database (Denmark)

Morais, Hugo; Sousa, Tiago; Silva, Marco

2013-01-01

’ behaviour and also the impact in load diagram. The paper proposes the energy price variation according to the relation between wind generation and power consumption. The proposed strategy was tested in two different days in the Danish power system. January 31st and August 13th 2013 were selected because......The use of Electric Vehicles (EVs) will change significantly the planning and management of power systems in a near future. This paper proposes a real-time tariff strategy for the charge process of the EVs. The main objective is to evaluate the influence of real-time tariffs in the EVs owners...... of the high quantities of wind generation. The main goal is to evaluate the changes in the EVs charging diagram with the energy price preventing wind curtailment....

Residential dual energy programs: Tariffs and incentives

International Nuclear Information System (INIS)

Doucet, J.A.

1992-01-01

The problem of efficiently pricing electricity has been of concern to economists and policy makers for some time. A natural solution to variable demand is tariffs to smooth demand and reduce the need for excessive reserve margins. An alternative approach is dual energy programs whereby electric space heating systems are equipped with a secondary system (usually oil) which is used during periods of peak demand. Comments are presented on two previous papers (Bergeron and Bernard, 1991; Sollows et al., 1991) published in Energy Studies Review, applying them to Hydro Quebec tariff structure and dual energy programs. The role of tariffs in demand-side management needs to be considered more fully. Hydro-Quebec's bi-energy tariff structure could be modified by using positive incentives to make use of bi-energy attractive below -12 C to give the following benefits. The modified tariff would be easier for consumers to understand, corrects the misallocation problem due to differential pricing in the current tariff, transfers the risk related to price fluctuations of the alternative energy source from the consumer to the utility, and corrects the potential avoidance problem due to the negative incentive of the current tariff. 21 refs

Assessing the strength and effectiveness of renewable electricity feed-in tariffs in European Union countries

International Nuclear Information System (INIS)

Jenner, Steffen; Groba, Felix; Indvik, Joe

2013-01-01

In the last two decades, feed-in tariffs (FIT) have emerged as one of the most popular policies for supporting renewable electricity (RES-E) generation. A few studies have assessed the effectiveness of RES-E policies, but most ignore policy design features and market characteristics (e.g. electricity price and production cost) that influence policy strength. We employ 1992–2008 panel data to conduct the first econometric analysis of the effectiveness of FIT policies in promoting solar photovoltaic (PV) and onshore wind power development in 26 European Union countries. We develop a new indicator for FIT strength that captures variability in tariff size, contract duration, digression rate, and electricity price and production cost to estimate the resulting return on investment. We regress this indicator on added RES-E capacity using a fixed effects specification and find that FIT policies have driven solar PV development in the EU. However, this effect is overstated without controlling for country characteristics and is concealed without accounting for policy design. We do not find robust evidence that FIT policies have driven wind power development. Overall, we show that the interaction of policy design, electricity price, and electricity production cost is a more important determinant of RES-E development than policy enactment alone. - Highlights: ► This is the first econometric study of feed-in tariff (FIT) efficacy in Europe. ► We test the impact of FIT's on photovoltaic (PV) and wind power from 1992 to 2008. ► We calculate country- and year-specific return on investment provided by each FIT. ► FIT policies increased PV installations by ∼0.5% per ROI percentage point. ► Policy design, market traits, and ROI are more important factors than policy alone.

Environmental and international tariffs in a mixed duopoly

Science.gov (United States)

Ferreira, Fernanda A.; Ferreira, Flávio

2013-10-01

In this paper, we study the effects of environmental and trade policies in an international mixed duopoly serving two markets, in which the public firm maximizes the sum of consumer surplus and its profit. We also analyse the effects of privatization. The model has two stages. In the first stage, governments choose environmental taxes and import tariffs, simultaneously. Then, the firms engage in a Cournot competition, choosing output levels for the domestic market and to export. We compare the results obtained in the three different ways of moving on the decision make of the firms.

Tariffs and subsidies in Zimbabwe's reforming electricity industry: steering a utility through turbulent times

International Nuclear Information System (INIS)

Mangwengwende, S.E.

2002-01-01

In 1991, the Government of Zimbabwe adopted a public enterprise reform strategy as part of a World Bank driven Economic Structural Adjustment Programme (ESAP). For the electricity sector, the Government adopted a two-pronged programme of reform - a performance improvement programme (PIP) for the national utility, the Zimbabwe Electricity Supply Authority (ZESA), and a legal and regulatory reform programme for the electricity sector in general. Ten years later, significant success has been achieved in improving the utility's performance in technical operations and customer service. However, there has been very little progress on the legal and regulatory front. This has adversely affected the utility's financial performance, as well as frustrating the Government's efforts in attracting private sector investment. The centrality of the tariff question reflects the importance of the customer or end-user to the power sector reform process. This article outlines the power sector reform experiences in Zimbabwe with special focus on the tariff question. The paper suggests, from the perspective of a utility executive, reasons for the mixed results at ZESA, and lessons for other countries in the region undertaking similar reforms. (Author)

Progressive electricity tariffs for consumers in Germany?; Progressive Stromtarife fuer Verbraucher in Deutschland?

Energy Technology Data Exchange (ETDEWEB)

Tews, Kerstin [Freie Univ. Berlin (Germany). Forschungszentrum fuer Umweltpolitik

2011-10-15

More than a quarter of electricity use in Germany is accounted for by private households. This market segment holds vast saving potentials which are not sufficiently made use of to date. If efficiency of electricity use is to serve as a bridge to an era of a nuclear-free power supply, the political realm must find ways of addressing the existing saving potentials more effectively. One possible instrument for creating incentives to save electricity on the demand side is seen in a system of progressive tariffs. How such a system would need to be designed in order to be compatible with the regime of a liberalised electricity market has yet to be investigated however.

Tariff Considerations for Micro-Grids in Sub-Saharan Africa

Energy Technology Data Exchange (ETDEWEB)

Reber, Timothy J. [National Renewable Energy Lab. (NREL), Golden, CO (United States); Booth, Samuel S. [National Renewable Energy Lab. (NREL), Golden, CO (United States); Cutler, Dylan S. [National Renewable Energy Lab. (NREL), Golden, CO (United States); Li, Xiangkun [National Renewable Energy Lab. (NREL), Golden, CO (United States); Salasovich, James A. [National Renewable Energy Lab. (NREL), Golden, CO (United States)

2018-02-16

This report examines some of the key drivers and considerations policymakers and decision makers face when deciding if and how to regulate electricity tariffs for micro-grids. Presenting a range of tariff options, from mandating some variety of national (uniform) tariff to allowing micro-grid developers and operators to set fully cost-reflective tariffs, it examines various benefits and drawbacks of each. In addition, the report and explores various types of cross-subsidies and other transitional forms of regulation that may offer a regulatory middle ground that can help balance the often competing goals of providing price control on electricity service in the name of social good while still providing a means for investors to ensure high enough returns on their investment to attract the necessary capital financing to the market. Using the REopt tool developed by the U.S. Department of Energy's National Renewable Energy Laboratory to inform their study, the authors modeled a few representative micro-grid systems and the resultant levelized cost of electricity, lending context and scale to the consideration of these tariff questions. This simple analysis provides an estimate of the gap between current tariff regimes and the tariffs that would be necessary for developers to recover costs and attract investment, offering further insight into the potential scale of subsidies or other grants that may be required to enable micro-grid development under current regulatory structures. It explores potential options for addressing this gap while trying to balance This report examines some of the key drivers and considerations policymakers and decision makers face when deciding if and how to regulate electricity tariffs for micro-grids. Presenting a range of tariff options, from mandating some variety of national (uniform) tariff to allowing micro-grid developers and operators to set fully cost-reflective tariffs, it examines various benefits and drawbacks of each. In

Determining appropriate feed-in tariff rates to promote biomass-to-electricity generation in Eastern Ontario, Canada

International Nuclear Information System (INIS)

Moore, Steven; Durant, Vincent; Mabee, Warren E.

2013-01-01

On-site data collection, interviews, and financial models were used to determine the feed-in tariff (FIT) rate required to encourage investment in the generation of electricity from currently unused biomass from the Eastern Ontario forest industry. A financial model was adapted and run to determine the net present value, internal rate of return, and payback period associated with a 15 MW biomass-to-electricity facility. The analysis suggests that Ontario should consider a stronger incentive than the recently-offered CDN$ 0.13 kW −1 h −1 for biomass-to-electricity. If no customer for heat generated from the plant can be found, FIT rates between CDN$ 0.17–0.22 kW −1 h −1 are necessary to achieve a 15% internal rate of return and a simple payback of approximately 5 yr; achieving a price of CDN$ 0.013 kW −1 of thermal output still requires elevated FIT rates between CDN$ 0.15–0.21 kW −1 h −1 to meet economic performance criteria. Other barriers, particularly regulations regarding the use of operating engineers in steam plants, should also be addressed to facilitate development of biomass-to-electricity. Without these changes, it is likely that biomass will be significantly under-used and will not contribute to the renewable energy goals of Ontario. - Highlights: • Economic performance of biomass-to-electricity generation in Ontario is assessed. • Feed-in tariffs needed to meet industrial payback and IRR targets are determined. • Existing feed-in tariff rates for biomass must be raised to meet industrial targets. • Incentives that adjust feedstock price might be explored to increase biomass use

18 CFR 35.28 - Non-discriminatory open access transmission tariff.

Science.gov (United States)

2010-04-01

... 18 Conservation of Power and Water Resources 1 2010-04-01 2010-04-01 false Non-discriminatory open access transmission tariff. 35.28 Section 35.28 Conservation of Power and Water Resources FEDERAL ENERGY... available supply falls short ofdemand plus the operating reserve requirement. (7) Market Monitoring Unit...

Smart Meter Tariff Design to Minimise Wholesale Risk

OpenAIRE

Rogers, William; Carroll, Paula

2016-01-01

Smart metering in electricity markets offers an opportunity to explore more diversetariff structures. In this article a Genetic Algorithm (GA) is used to design Time ofUse tariffs that minimise the wholesale risk to the supplier in residential markets.Residential demand and the System Marginal Price of Ireland's Single ElectricityMarket are simulated to estimate the wholesale risk associated with each tariff.

CRE orientations regarding tariffs for the use of public electricity grids. Report to the Parliament. June 2016

International Nuclear Information System (INIS)

2016-06-01

After a presentation of the applicable legal framework, this report analyses the stakes of the elaboration of the future tariffs for the use of public electricity networks (TURPE): a strong increase of the production of renewable energies, a low growth of consumptions, a still high electric power peak, the existence of flexibility technologies which could allow a greater pro-activity of consumers, and an always higher number of consumers-producers. It presents the TURPE as a tool that goes along the evolution of network use modes: presentation of its main principles, discussion of power and energy as the both relevant variables for network tariffing. Then, the report describes how the TURPE will implement evolutions to face the stakes of energy transition: a higher taking into account of time and season in tariffs, the question of articulation between electric vehicles and networks, and the question of the articulation between self-production and networks. Several specific cost issues and aspects are more precisely addressed in appendix

Formulas for Industrial Tariff Reduction and Policy Implications

OpenAIRE

Moonsung Kang

2005-01-01

A key element of the Doha Development Agenda (DDA) negotiations under the WTO is the liberalization of trade in industrial products, so-called non-agricultural market access (NAMA). The mandate on the NAMA negotiations is contained in Paragraph 16 of the Doha Ministerial Declaration which aim(s), by modalities to be agreed, to reduce or as appropriate eliminate tariffs, including the reduction or elimination of tariff peaks, high tariffs, and tariff escalation, as well as non-tariff barriers,...

A welfare ranking of multilateral reductions in real and tariff trade barriers when firms are heterogenous

DEFF Research Database (Denmark)

Schröder, Philipp; Sørensen, Allan

Trade liberalization comes about through reductions in various types of trade costs. This paper introduces, apart from real variable (i.e. iceberg) and fixed export costs, two partially redistributed tariffs into a Melitz (2003) model. We present comparable results for welfare effects and changes...... to the most preferred mode of liberalization as the fraction of tariffs wasted moves from zero to unity. Apart from a situation with no tariff redistribution, reductions in iceberg trade costs are preferred to reductions in real fixed trade costs which again are preferred to cuts in unit tariffs....

The Value of Distributed Generation under Different Tariff Structures

OpenAIRE

Firestone, Ryan; Magnus Maribu, Karl; Marnay, Chris

2006-01-01

Distributed generation (DG) may play a key role in a modern energy system because it can improve energy efficiency. Reductions in the energy bill, and therefore DG attractiveness, depend on the electricity tariff structure; a system created before widespread adoption of distributed generation. Tariffs have been designed to recover costs equitably amongst customers with similar consumption patterns. Recently, electric utilities began to question the equity of this electricity pricing stru...

Energy tariff project - Latvia. Summary report

International Nuclear Information System (INIS)

Harne, N.J.

1996-05-01

Latvia has only a few indigenous energy resources that are concentrated on hydro-power, wood and peat. The country is therefore strongly dependant on imports of natural gas, oil, coal and electricity. After independence the supply of natural gas, oil and electricity were organised by three state owned joint-stock companies, Latvijas Gaze, Latvijas Nafta and Latvenergo. Partial privatisation of the gas and oil companies has been decided by the Latvian government but so far not implemented. Two types of models have been used within the Energy Tariff Project: The EFOM model that was developed and implemented for Latvia as a part of the EURIO project has been adapted to describe the long term reactions for the electricity and district heating sectors; A system of Customer Calculation Sheets for the analysis of consumer expenditure and utility revenue. The optimization model for the electricity and CHP system is also used to analyze the impact of gas tariffs for the electricity and district heating sector within geographical or institutional limits. In this report the following regions are specified: City of Riga; Other district heating areas; Rest of Latvia. The Danish tariff structure for natural gas was reviewed. The present structure is presently market orientated with direct links to the price movements of alternative fuels for all customer groups. (EG) 50 refs

Gas transportation tariffs in the european union market

International Nuclear Information System (INIS)

Bianchi, A.

2001-01-01

In a liberalised market, it is an indubitable competitive advantage for a firm to accede at the gas grid with a low cost. The comparison among gas transportation tariffs of 18 European gas transportation companies for a big industrial consumer, shows that Italy is in the medium-high position of the ranking [it

Firm size and productivity. Evidence from the electricity distribution industry in Brazil

International Nuclear Information System (INIS)

Tovar, Beatriz; Javier Ramos-Real, Francisco; De Almeida, Edmar Fagundes

2011-01-01

In this paper we apply Stochastic Frontier Analysis through a distance function to investigate the impact of firm size on productivity development in electricity distribution. We use a sample of seventeen Brazilian firms from 1998 to 2005 and decompose productivity into technical efficiency, scale efficiency and technical change. Moreover, a further step is to decompose the technical change measurement into several components. The results indicate that firm size is important for industry's productivity, and therefore a key aspect to consider when making decisions that affect the market structure in the electricity distribution industry. (author)

Agent-based model for electricity consumption and storage to evaluate economic viability of tariff arbitrage for residential sector demand response

International Nuclear Information System (INIS)

Zheng, Menglian; Meinrenken, Christoph J.; Lackner, Klaus S.

2014-01-01

Highlights: • Storage-based demand response (loadshifting) is underutilized in residential sector. • Economics (arbitrage savings versus equipment cost) are not well understood. • Stochastic demand models and real-life tariffs can illuminate economic viability. • A range of available storage options provide economically viable DR. • Daily/seasonal stochastic demand variations crucial to understanding optimum capacity. - Abstract: Demand response (DR) is one of many approaches to address temporal mismatches in demand and supply of grid electricity. More common in the commercial sector, DR usually refers to reducing consumption at certain hours or seasons, thus reducing peak demand from the grid. In the residential sector, where sophisticated appliance-level controls such as automatic dimming of lights or on-demand lowering of air conditioning are less common, building-based electricity storage to shift grid consumption from peak to off-peak times could provide DR without requiring consumers to operate their appliances on shifted or reduced schedules: Storage would be dispatched to appliances as needed while still shaving peaks on the grid. Technologically, storage and two-way-inverters are readily available to enable such residential DR. Economically, however, the situation is less clear. Specifically, are time-varying electricity tariffs available such that electricity cost reduction via arbitrage could offset manufacturing, financing, and installation costs of the required storage? To address this question we (i) devise an agent-based appliance-level stochastic model to simulate the electricity demand of an average U.S. household; (ii) loadshift the demand via simple dispatch strategies; and (iii) determine potential profits to the building owner, i.e. reduced electricity cost of the modified demand with realistic tariffs (Con Edison, NY) minus storage cost. We determine the economic viability for a range of traditional and advanced storage technologies

Tariffs by marginal cost are the real economic values

International Nuclear Information System (INIS)

Santos, A.M. dos

1989-01-01

An analysis of the electric power tariffs by marginal cost in Brazilian sectors is presented with some considerations bout the economy, politics and a forecasting for 1995. Two tables with tariffs and costs are also shown. (author)

R and D investment of electricity-generating firms following industry restructuring

International Nuclear Information System (INIS)

Kim, Jihwan; Kim, Yeonbae; Flacher, David

2012-01-01

Since electricity market restructuring, questions over adequate levels of R and D investments persisted. Using an unbalanced panel data of 70 electricity-generating firms across 15 Organisations of Economic Co-operation and Development countries from 1990 to 2008, this paper empirically examines the impacts of entry liberalization (allowing third party access, establishing a wholesale market, and deregulating a retail market), vertical unbundling, privatization, and firm size on R and D investments. Entry liberalization is associated with a decline in R and D investment. Establishing a wholesale market exhibits the greatest negative effects on R and D investment. Regulated TPA and retail market deregulation also decrease R and D. The effect of privatization is not independently salient but interacts with a wholesale pool to lower R and D investments. Large firms spend more on R and D investment than small firms. Results indicate that the restructuring of the electricity industry reduces R and D investment, which may be detrimental to the reliability and the efficiency of the electricity system as well as to the creation and maintenance of the innovation capabilities necessary to address demand and environmental concerns. - Highlights: ► Entry liberalization decreases R and D outlays of electricity generating utilities. ► Establishment of a wholesale market leads to a substantial decline in R and D spending. ► Private ownership interacts with entry liberalization to lower R and D investment.

Solar feed-in tariffs and the merit order effect: A study of the German electricity market

International Nuclear Information System (INIS)

Tveten, Åsa Grytli; Bolkesjø, Torjus Folsland; Martinsen, Thomas; Hvarnes, Håvard

2013-01-01

This study investigates the merit order effect (MOE) of the recent years' implementation of solar power in Germany. Market clearing electricity prices and production levels are compared for the years 2009–2011, and a model for the relationship between the electricity price and price sensitive electricity production is developed and applied to predict electricity prices in Germany from July 2010 to July 2011 with and without solar electricity generation (SEG). The results show that the SEG has caused a 7% reduction in average electricity prices for this period. The average daily maximum price and daily price variation are also found to decrease, by 13% and 23%, respectively. When taking the MOE into account the net consumer's cost of the solar feed-in tariff (FIT) system is found to be 23% less than the charge listed in the electricity bill. The German FIT policy for solar power has been subject to considerable public debate, and a common argument brought up in disfavor of the system is the high cost for the consumers. In this study we demonstrate the importance of including the MOE when evaluating the total costs and benefits of the FIT policy mechanism. - Highlights: • The merit order effect (MOE) of the German solar feed-in tariffs (FITs) is analyzed. • Solar power is found to substitute thermal power on the margin in peak hours. • In a 1 year period, solar power has reduced electricity prices by 7%, on average. • The solar power has also reduced the daily price variation by 23%, on average. • When including the MOE, the net consumer's cost of solar FITs are reduced by 23%

Tariffs on power supply and prices of electricity per 1st January 1994

International Nuclear Information System (INIS)

1994-04-01

The document gives a survey of the most usual types of tariffs connected with the Danish electric-power distribution companies and the prices, valid per January 1st, 1994, set by individual companies and also the cost to consumers of connection to the supply network. A survey of prices set by power plant administrators with regard to the distribution companies is also included in addition to a summary of the modes of calculation in connection with wind turbines not owned by the electricity companies and descriptions of models for calculations related to decentral and industrial plants. Local conditions such as structure, economy etc. must be taken into consideration when comparing prices set by companies in several different areas. (AB)

The Impact of Utility Tariff Evolution on Behind-the-Meter PV Adoption

Energy Technology Data Exchange (ETDEWEB)

Cole, Wesley J [National Renewable Energy Laboratory (NREL), Golden, CO (United States); Gagnon, Pieter J [National Renewable Energy Laboratory (NREL), Golden, CO (United States); Frew, Bethany A [National Renewable Energy Laboratory (NREL), Golden, CO (United States); Margolis, Robert M [National Renewable Energy Laboratory (NREL), Golden, CO (United States)

2017-09-18

This analysis uses a new method to link the NREL Regional Energy Deployment System (ReEDS) capacity expansion model with the NREL distributed generation market demand model (dGen) to explore the impact that the evolution of retail electricity tariffs can have on the adoption of distributed photovoltaics (DPV). The evolution most notably takes the form of decreased mid-day electricity costs, as low-cost PV reduces the marginal cost of electricity during those hours and the changes are subsequently communicated to electricity consumers through tariffs. We find that even under the low PV prices of the new SunShot targets the financial performance of DPV under evolved tariffs still motivates behind-the-meter adoption, despite significant reduction in the costs of electricity during afternoon periods driven by deployment of cheap utility-scale PV. The amount of DPV in 2050 in these low-cost futures ranged from 206 GW to 263 GW, a 13-fold and 16-fold increase over 2016 adoption levels respectively. From a utility planner's perspective, the representation of tariff evolution has noteworthy impacts on forecasted DPV adoption in scenarios with widespread time-of-use tariffs. Scenarios that projected adoption under a portfolio of time-of-use tariffs, but did not represent the evolution of those tariffs, predicted up to 36 percent more DPV in 2050, compared to scenarios that did not represent that evolution. Lastly, we find that a reduction in DPV deployment resulting from evolved tariffs had a negligible impact on the total generation from PV - both utility-scale and distributed - in the scenarios we examined. Any reduction in DPV generation was replaced with utility-scale PV generation, to arrive at the quantity that makes up the least-cost portfolio.

Real versus tariff liberalization: a welfare comparison under monopolistic competition

DEFF Research Database (Denmark)

Schröder, Philipp

2004-01-01

A distinction between real trade costs (e.g. administration, border formalities, transport costs) and tariff costs is introduced into a standard monopolistic competition trade model. Driven by the number of firms, welfare under real trade barriers turns out to be lower than under an equivalent...

New tariffs of BKW Energie AG (Switzerland)

International Nuclear Information System (INIS)

Guillelmon, B.

1995-01-01

The tariff increase of BKW Energie AG in October 1994 was, seen as a chance to review the tariff structure. First of all, the different products delivered to the customers were clearly defined, according to the following criteria: quantity of electricity intake at high tariff, degree of freedom at intake as well as supply and measurement point of the intake. In a second step the objectives to be fulfilled with the new structure were set: the tariffs should be customer-friendly easy to understand and to apply, foreseeable, cost-related as well as take into account the new findings in energy economics and finally give the right signals for a sparing use of natural resources. Some more considerations, especially on the allocation of the demand costs on demand and consumption rates were made. The new tariffs of BKW offer more flexibility and choices for the customers: retail customers can choose between single and two-rate tariffs. Moreover, they can choose a tariff for interruptable intake as a supplementary subscription. Big customers can choose among different options according to the utilisation time. The setting up of clear names and good information as well as specific offer of energy advice to the customers at the moment of the tariff increase were considered as highly valuable. The new tariff structure is one step in the right direction. The structure must still be ameliorated in the future. The trend will possibly be in a higher differentiation of tariffs for big customers and a high valuation of simplicity for the tariffs for retail customers. (author)

Grid-tied photovoltaic and battery storage systems with Malaysian electricity tariff:A review on maximum demand shaving

OpenAIRE

Subramani, Gopinath; Ramachandaramurthy, Vigna K.; Padmanaban, Sanjeevikumar; Mihet-Popa, Lucian; Blaabjerg, Frede; Guerrero, Josep M.

2017-01-01

Under the current energy sector framework of electricity tariff in Malaysia, commercial and industrial customers are required to pay the maximum demand (MD) charge apart from the net consumption charges every month. The maximum demand charge will contribute up to 20% of the electricity bill, and will hence result in commercial and industrial customers focussing on alternative energy supply to minimize the billing cost. This paper aims to review the technical assessment methods of a grid-conne...

Willingness to pay for renewable energy: implications for UK green tariff offerings

International Nuclear Information System (INIS)

Batley, S.L.; Fleming, P.D.; Urwin, P.

2000-01-01

Although financial support for renewable electricity sources has existed via the non-fossil fuel obligation since 1990, the UK 'green power' market is still in its infancy. This paper looks at attitudes to tariffs for 'green power' in light of the proposed phase-out of the non-fossil fuel obligation. The hypothesis tested was the consumer's willingness to pay for electricity generated from renewable energy sources and to see if this was related to income and attitude. Data for analysis were taken from replies to a questionnaire sent to an energy-aware subpopulation of Leicester which were analysed by a variety of statistical tests. Results of multiple regression analysis indicated that whether someone was willing to pay more was significantly correlated with attitude, experience (whether they had visited an environmental centre) and the purchasing power placed on GBP 5.00. This finding has implications for the methods by which support for green tariffs can be increased. Education and raising people's awareness through experience should be able to change attitudes and so increase their willingness to pay. (author)

A definition model of electric power tariff based on marginal cost: case study at CERON - the electric company of Rondonia, Brazil; Um modelo de definicao de tarifa de energia eletrica baseada no custo marginal: estudo de caso na CERON - Centrais Eletricas de Rondonia, Brasil

Energy Technology Data Exchange (ETDEWEB)

Domiciano, Jose Antonio

2002-07-01

The present competition circumstances (ambient) require enterprises (companies or undertaking) like CERON to have understanding of all conditions to propose tariffs which give correct signal the consumers. Objective. Thus, search for valuations of model to define the tariff of electric energy based on marginal cost though a study in case of CERON. Method. Develop an investigation of a model of definition of tariffs of electric energy based on marginal costs to start the study in case of CERON and followed by analysis of its tariff structure. Results. With application of the signal (sign or indication) of tariffs, can measure the degree of separation of tariffs and to propose new modalities of alternate tariffs which offer conditions to reflect the real form of costs imposed by clients who form subgroups of tariffs of CERON. With final results, it offers parameters to trace (seek) important strategy for the company. Conclusion: The model gives condition's to identify and quantify of subsidies inside the tariff structure. It is a base which permits to create alternatives to resolve tariff distortions. It permits to have a better understanding which category (class) of consumers who are free will try to seek companies with tariffs which reflect really its costs. (author)

A definition model of electric power tariff based on marginal cost: case study at CERON - the electric company of Rondonia, Brazil; Um modelo de definicao de tarifa de energia eletrica baseada no custo marginal: estudo de caso na CERON - Centrais Eletricas de Rondonia, Brasil

Energy Technology Data Exchange (ETDEWEB)

Domiciano, Jose Antonio

2002-07-01

The present competition circumstances (ambient) require enterprises (companies or undertaking) like CERON to have understanding of all conditions to propose tariffs which give correct signal the consumers. Objective. Thus, search for valuations of model to define the tariff of electric energy based on marginal cost though a study in case of CERON. Method. Develop an investigation of a model of definition of tariffs of electric energy based on marginal costs to start the study in case of CERON and followed by analysis of its tariff structure. Results. With application of the signal (sign or indication) of tariffs, can measure the degree of separation of tariffs and to propose new modalities of alternate tariffs which offer conditions to reflect the real form of costs imposed by clients who form subgroups of tariffs of CERON. With final results, it offers parameters to trace (seek) important strategy for the company. Conclusion: The model gives condition's to identify and quantify of subsidies inside the tariff structure. It is a base which permits to create alternatives to resolve tariff distortions. It permits to have a better understanding which category (class) of consumers who are free will try to seek companies with tariffs which reflect really its costs. (author)

Non-Financial Dimensions of Family Firm Ownership

DEFF Research Database (Denmark)

Sluhan, Anne

to an overarching research question about how non-financial dimensions of family firm ownership—exemplified by socioemotional wealth (SEW) and familiness—influence family firm internationalization. The dissertation contributes to varying literatures including family business, corporate governance, strategic...... of an acquisition is lower when family ownership is relatively balanced vis à vis non-family ownership. The final empirical chapter studies family firm behavior differently by exploring the notion of familiness within the context of an international acquisition. This study applies an action research methodology...... to an understanding of familiness in general, and specifically familiness in a context of internationalization. From a methodological perspective, the paper contributes rich data showing how action research can be used in a business setting, presenting a process that facilitates integration between two distinct...

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.

Effect of the non-tariff barriers in the trade of Colombian mining goods

International Nuclear Information System (INIS)

Gamba Saavedra, Gloria Patricia

2007-01-01

The objective of this study is to identify and to provide information on the non tariff barriers NTB to a group of mining products on the excellent international markets for the Colombian case, and to analyze its magnitude and incidence on the external sales of this products, to advance toward this objective is defined which measures they can be considered as non tariff restrictions, its different mensuration methodologies are analyzed and finally a qualitative and quantitative approach of the NTB is made that face the exports of Colombian mining products in their main markets, by means of a survey carried out the managers of the sector in the country. Among the main discoveries, they were evidences of the application of NTB, although they turned out to be not very significant for the sector exporter of mining products; the most frequent are the technical obstacles to the trade, but of relatively moderate incidence

Multinational Firms and The New Trade Theory

OpenAIRE

James R. Markusen; Anthony J. Venables

1995-01-01

A model is constructed in which multinational firms may arise endogenously. Multinationals exist in equilibrium when transport and tariff costs are high, incomes are high, and firm-level scale economies are important relative to plant-level scale economies. Less obvious, multinationals are more important in total economic activity when countries are more similar in incomes, relative factor endowments, and technologies. The model may thus be useful in explaining several stylized facts, includi...

Electricity tariffs in India: an assessment of consumers' ability and willingness to pay in Gujarat

International Nuclear Information System (INIS)

Ranjan Kumar Bose; Megha Shukla

2001-01-01

A sample of electricity consumers covering agricultural, residential and industrial consumers, in the Indian State of Gujarat was surveyed in 1997 to investigate the consumers' ability and willingness to pay for electricity supplied from the grid. The ability to pay was estimated using the weight of the cost of electricity to meet at least the basic household needs in relation to the overall income or expenditure. The willingness to pay was estimated using the costs of meeting the needs by alternative sources of energy, namely diesel in the case of farmers to pump water for irrigation and captive power generation using diesel generators in the case of industrial users. Survey results reveal the proportion of consumers in different categories, which do not have the ability to pay more or are even not willing to pay more for electricity. The survey findings have been used as a guideline in the proposed adjustment of tariffs charged by the Gujarat Electricity Board. (author)

Technical barriers, import licenses and tariffs as means of limiting market access

DEFF Research Database (Denmark)

Jørgensen, Jan G.; Schröder, Philipp

2003-01-01

Technical barriers (standards), import licenses and tariffs may be deployed as means of limiting the market entry of foreign firms. The present paper examines these measures in a setting of monopolistic competition. It is established that -- contrary to what one would expect -- a technical barrier...

Development of a three-part time-of-day electrical energy tariff

Energy Technology Data Exchange (ETDEWEB)

Ahmed, S.S. [Bangladesh University of Engineering and Technology, Dhaka (Bangladesh). Dept. of Electrical and Electronic Engineering; Hossain, A.K.M.T. [Bangladesh Power Development Board, Narayangganj (Bangladesh). Siddhirganj Power Station

1998-10-10

This paper presents an analytical technique for determining peak, offpeak and midpeak hours tariffs for various durations of these three periods. The technique considers the existing flat rate tariff, an hourly generation scenario of a utility on an average yearly demand day, the weighted average life time, annutised capital cost and fuel cost of base and peak load plants, and a break even point condition in the utility's revenue. The developed tariff has been applied to 30 representative industrial consumers served by the Bangladesh Power Development Board (BPDB) to estimate the minimum possible shift in consumption pattern and hence corresponding reduction in peak generation capacity requirements as well as peak time load shedding by BPDB. (author)

Audit report on GDF Suez's supply costs and non-supply related costs in natural gas regulated sale tariffs - May 2014

International Nuclear Information System (INIS)

2014-05-01

After having recalled the legal context of objectives of this audit performed by the French Commission for Energy Regulation (CRE), this report proposes an analysis of GDF Suez's dissociated accounting which showed that costs are covered by natural gas regulated sale tariffs. In the second part, it comments the current market indexing used in tariff formula, comments current and present negotiations and their consequences for the market indexing share in long term contracts, discusses the issue of tariff volatility related to an increased market indexing share, discusses the possible re-examination of indices at the occasion of formula reviewing, and outlines that the diversified supplier portfolio allows optimisation operations. The third part addresses non-supply related costs: evolution of different infrastructure costs (related to distribution, transport, and storage) to be taken into account in regulated sale tariffs, evolution of commercial costs. Some recommendations are then made regarding the perspective of a tariff formula revision, and the perspectives of evolution of non-supply related costs

Firm Type, Feed-in Tariff, and Wind Energy Investment in Germany : An Investigation of Decision Making Factors of Energy Producers Regarding Investing in Wind Energy Capacity

NARCIS (Netherlands)

Werner, Lone; Scholtens, Lambertus

2017-01-01

The development of renewable and sustainable energy is advanced by public financial support. This is particularly so in the German Energiewende, which seeks to replace nuclear and fossil electricity generation with wind, sun, and biomass. We study the impact of the (changes in the) feed-in tariff

Energy efficiency and exporting: Evidence from firm-level data

International Nuclear Information System (INIS)

Roy, Jayjit; Yasar, Mahmut

2015-01-01

While exporting firms and non-exporters have been compared across several dimensions, empirical comparisons on the basis of environmental performance are relatively few. Moreover, analyzing the environmental implications of firm-level exports is not trivial due to non-random selection into exporting. In this light, we examine the impact of exporting on firms' energy efficiency by resorting to an instrumental variables strategy based on a differencing approach (Pitt and Rosenzweig, 1990). Utilizing data from Indonesia, we find (i) exporting to reduce the use of fuels (relative to electricity) and (ii) concerns over endogeneity of exporting status to be relevant. - Highlights: • We examine the impact of exporting on firms' energy efficiency. • We employ cost share equations, firm-level data from Indonesia, and an instrumental variables strategy. • Exporting is found to reduce the use of fuels (relative to electricity).

Tailored emails prompt electric vehicle owners to engage with tariff switching information

Science.gov (United States)

Nicolson, Moira; Huebner, Gesche M.; Shipworth, David; Elam, Simon

2017-06-01

The carbon intensity of the electricity used to charge an electric vehicle (EV) is dependent on when in the day charging occurs. However, persuading EV owners to adopt incentives to charge during off-peak hours is challenging. Here we show that governments could exploit the 'window of opportunity' created when people purchase their first EV to promote time-of-use tariffs. Email recipients (n = 7,038 EV owners) were more likely to click-through to an information webpage when the email emphasized specific reductions in home-charging costs versus general bill savings. However, the 'window of opportunity' for maximizing potential adoption is short; email open rates declined from over 70% immediately after purchase to 40% for recipients owning their EV for over three months. These results demonstrate the potential of prompts to change behaviours for which opt-out enrolment (where enrolment is automatic unless people explicitly opt out) would be unethical or less effective.

Design of variable energy and price components of electricity tariffs as an incentive for system-efficient energy management of flexible consumers in households; Design variabler Energie- und Leistungspreiskomponenten von Stromtarifen als Anreiz fuer ein systemdienliches Energiemanagement flexibler Verbraucher in Haushalten

Energy Technology Data Exchange (ETDEWEB)

Schreiber, Michael

2017-11-01

To mitigate anthropogenic climate change, both the heating and transport sectors will need to be electrically driven, with the higher electrical demand met by emission-free technologies, in addition to general efficiency improvements. On the generation side, wind and photovoltaic power plants must have a rated power significantly exceeding the current peak demand, in order to cover this increased electrical requirement. On the consumption side, heat pumps and private electric vehicles will increase the percentage of energy withdrawn at the low-voltage level of the new system. Given the right incentives, these customers will shift the energy demand in such a way as to benefit the system. This flexibility can be used as a tool to deal with variable renewable insertion while avoiding simultaneous overloading of the power grid. This thesis analyses and evaluates the effects of different electricity tariff designs on energy consumption. These tariffs should incentivise households to adapt their energy consumption to market prices, without inducing critical peak demands in times of particularly low prices. Therefore, time-varying energy price components and power price components are combined into flexible electricity tariffs and implemented as target functions within an optimization problem. The cost-minimizing effect of household energy management is determined under these flexible tariffs, and the effects of the tariff designs on energy consumption and the induced costs are evaluated. Additionally, the results of the flexible tariff approach are compared with results from a centralized optimization by a virtual power plant. It is possible to develop a design for a suitable flexible tariff that decreases the energy procurement costs of electric vehicles while simultaneously reducing peak demand in comparison to a single real-time pricing incentive. Furthermore, this thesis shows that certain kinds of electricity tariff design do not only fail to support but actually

Feed-in tariff in Ukraine: The only driver of renewables' industry growth?

International Nuclear Information System (INIS)

Trypolska, Galyna

2012-01-01

The paper aims to review the recently adopted legislation on feed-in tariffs in Ukraine, focusing on its advantages and drawbacks, as well as on the related challenges. The recommendations listed in the paper will help to change the existing legislation regarding green electricity by means of eliminating its main drawbacks. The best prospects for renewable electricity production are related to the energy from the wind and the sun, nonetheless energy from the sun and biomass is used mostly for heating purposes, whereas the number of plans for the construction of wind farms and solar plants is growing tremendously. Despite policies and legislation being in place for the inclusion of electricity from renewables in the grid, technical and financial obstacles exist. There are plenty of plans to build new generating facilities, but at the same time there is absolutely no information about the construction of power backup. The existing regulatory policy regarding green electricity production and consumption still has significant potential for improvement. Compared to other measures, feed-in tariff implementation has spurred green electricity production in Ukraine, because feed-in tariff rates are high, and grid access is guaranteed by law, a major advantage of the current legislation on renewables in Ukraine. - Highlights: ► The number of wind farms and solar plants construction plans in Ukraine is growing. ► Guarantees to obtain feed-in tariff investors get after completion of construction. ► The definition of the term “biomass” in Ukrainian legislation needs to be reviewed. ► The investments in renewables are mostly commenced by Ukrainian investors. ► Feed-in tariff is the most efficient measure for green electricity production.

Earnings Management and CSR Disclosure. Family vs. Non-Family Firms

Directory of Open Access Journals (Sweden)

Giovanna Gavana

2017-12-01

Full Text Available Building on Institutional theory and Signaling theory, integrated with the socioemotional wealth (SEW approach, we studied the effect of earnings management (EM practices on a firm’s Corporate Social Responsibility (CSR disclosure behavior. In so doing, we analyzed a sample of 226 non-financial, family and non-family listed firms for the period, 2006–2015. Our results suggest that family firms, in instances of downward earnings management, are more prone to diverting attention from these practices by means of CSR disclosure, compared to non-family firms, although the level of family ownership exerts a moderating effect. Moreover, we found that a firm’s visibility, in terms of size, significantly enhances this behavior and that the effect is higher for family firms.

Feed-in tariff and market electricity price comparison. The case of cogeneration units in Croatia

International Nuclear Information System (INIS)

Uran, Vedran; Krajcar, Slavko

2009-01-01

In August 2007, the Government of the Republic of Croatia instituted a feed-in tariff system, requiring the Croatian Electricity Market Operator (HROTE) to off-take the electricity produced from renewable energy sources or cogeneration units fueled by natural gas. Analysis of the off-take electricity price range, which depends on the net electrical output and electricity market trends, indicates that it is more cost effective for cogeneration units greater than 1 MW to sell their electricity on the exchange market. This was confirmed by developing a mathematical model to calculate the cost-effectiveness ratio of a cogeneration unit. This ratio represents the relation between the profit spread, i.e. the difference between the profit generated from selling the electricity on the exchange market and the profit made from dispatching the electricity to HROTE, as well as the total investment costs. The model can be applied for changes in certain parameters, such as the net electrical output, volatility and spot electricity price. The Monte Carlo method is used to obtain the most probable cost-effectiveness ratio and average future electricity price. Together with these two economic parameters and market price analysis, it is possible to calculate and calibrate an acceptable off-take electricity price. (author)

The transmission tariff - the economic tool for the network infrastructure development

International Nuclear Information System (INIS)

Popescu, Vifor Bogdan; Cirlan, Florica; Mihailescu, Florentina

2004-01-01

The free access to the transmission network is one of the key elements of the electricity market development both at the national and regional levels. The operation of the electricity market needs the appropriate development of its basic infrastructure, the transmission network. In the frame work of the electricity market, the network ensures the electricity transmission under reliable conditions, from the generators to the suppliers and eligible consumers and creates market opportunities for its users. One of the main market tools, which may influence the optimal development of the network structure, by an efficient location signal of the large consumers and generators, is the pricing system. The overall costs of the Transmission System Operator (TSO) for providing the transmission service may be distinctly focused by categories as follows: - Costs of the existing transmission network (fixed costs), maintenance and operation costs, capital costs; - Costs of electricity losses (variable costs); - Development costs needed to eliminate the network congestion (variable costs). The recovery of all costs involved by the transmission service is based on regulated tariff system approved by ANRE. By the tariff system, the transmission and system operator aims both to cover the transmission service cost and provide locational signals for all market players which should lead to the efficient grid operation as well as to the optimal development of its structure. The tariff values reflect the polarization existing in the Romanian Power System (PS), namely: surplus power in the South area of the PS (4G zone) and a power deficit in the North areas of the PS (2G and 5G zones). Electricity demand is more evenly distributed in the territory than the electricity generated. This assertion is based on the following statement: - the tariffs value range of electricity delivered in the transmission network is wider, between 1.13 and 2.39 USD/MWh (51%) than the one related to the zones of

Explaining the inefficiency of electrical distribution companies. Peruvian firms

Energy Technology Data Exchange (ETDEWEB)

Perez-Reyes, Raul [Organismo Supervisor de la Inversion en Energia y Mineria, OSINERGMIN (Peru); Tovar, Beatriz [Infrastructure and Transport Research Group (EIT), Department of Applied Economics, University of Palmas de Gran Canaria (Spain)

2010-09-15

This paper investigates the extent to which the structural reform of the Peruvian electricity market, implemented in the 1990s, has improved the efficiency of the distribution companies; and it evaluates the influence on efficiency of firm specific explanatory variables. To do this, we rely on data from 14 distribution companies between 1996 and 2006. The results indicate that the incentives generated by the reform process led to the firms becoming more efficient. Moreover, the time trend and private management of the distribution companies are variables that positively affect the levels of efficiency, whereas the lower network densities are then the greater the inefficiency. (author)

Explaining the inefficiency of electrical distribution companies. Peruvian firms

International Nuclear Information System (INIS)

Perez-Reyes, Raul; Tovar, Beatriz

2010-01-01

This paper investigates the extent to which the structural reform of the Peruvian electricity market, implemented in the 1990s, has improved the efficiency of the distribution companies; and it evaluates the influence on efficiency of firm specific explanatory variables. To do this, we rely on data from 14 distribution companies between 1996 and 2006. The results indicate that the incentives generated by the reform process led to the firms becoming more efficient. Moreover, the time trend and private management of the distribution companies are variables that positively affect the levels of efficiency, whereas the lower network densities are then the greater the inefficiency. (author)

Electricity distribution tariffs and distributed generation : quantifying cross-subsidies from consumers to prosumers

OpenAIRE

Picciariello, Angela; Vergara, Claudio; Reneses, Javier; Frías, Pablo; Söder, Lennart

2015-01-01

An increasing amount of distributed generation (DG) can cause an increase or a decrease on distribution network costs. Tariff design is the main tool for allocating these costs to customers who own and operate DG resources. Currently, however, either DG units are exempt from paying distribution tariffs or they are subject to tariffs originally designed according to a traditional pricing model without DG in the grids, also known as load-based pricing. Partial recovery of the allowed distributi...

The Impact of Technological and Non-Technological Innovations on Firm Growth

OpenAIRE

Ali-Yrkkö, Jyrki; Martikainen, Olli

2008-01-01

This study investigates the relationship between innovations and firm growth, based on the data of Finnish firms operating in the software industry. We find that in terms of turnover and employment, firms with only technological innovations do not grow more rapidly than other firms. However, firm growth is positively associated with the combination of technological and non-technological innovations.

Evaluation and optimization of feed-in tariffs

International Nuclear Information System (INIS)

Kim, Kyoung-Kuk; Lee, Chi-Guhn

2012-01-01

Feed-in tariff program is an incentive plan that provides investors with a set payment for electricity generated from renewable energy sources that is fed into the power grid. As of today, FIT is being used by over 75 jurisdictions around the world and offers a number of design options to achieve policy goals. The objective of this paper is to propose a quantitative model, by which a specific FIT program can be evaluated and hence optimized. We focus on payoff structure, which has a direct impact on the net present value of the investment, and other parameters relevant to investor reaction and electricity prices. We combine cost modeling, option valuation, and consumer choice so as to simulate the performance of a FIT program of interest in various scenarios. The model is used to define an optimization problem from a policy maker's perspective, who wants to increase the contribution of renewable energy to the overall energy supply, while keeping the total burden on ratepayers under control. Numerical studies shed light on the interactions among design options, program parameters, and the performance of a FIT program. - Highlights: ► A quantitative model to evaluate and optimize feed-in tariff policies. ► Net present value of investment on renewable energy under a given feed-in tariff policy. ► Analysis of the interactions of policy options and relevant parameters. ► Recommendations for how to set policy options for feed-in tariff program.

Electricity transmission pricing: Tracing based point-of-connection tariff

International Nuclear Information System (INIS)

Abhyankar, A.R.; Khaparde, S.A.

2009-01-01

Point-of-connection (POC) scheme of transmission pricing in decentralized markets charges the participants a single rate per MW depending on their point-of-connection. Use of grossly aggregated postage stamp rates as POC charges fails to provide appropriate price signals. The POC tariff based on distribution of network sunk costs by employing conventional tracing assures recovery of sunk costs based on extent of use of network by participants. However, the POC tariff by this method does not accommodate economically efficient price signals which correspond to marginal costs. On the other hand, the POC tariff, if made proportional to marginal costs alone, fails to account for sunk costs and extent of use of network. This paper overcomes these lacunae by combining the above stated desired objectives under the recently proposed optimal tracing framework. Since real power tracing problem is amenable to multiple solutions, it is formulated as linearly constrained optimization problem. By employing this methodology, consideration of extent of network use and sunk cost recovery are guaranteed, while objective function is designed such that the spatial pattern of price signals closely follows the pattern of scaled locational marginal prices. The methodology is tested on IEEE 30 bus system, wherein average power flow pattern is established by running various simulation states on congested and un-congested network conditions. (author)

Ontario feed-in-tariff programs

International Nuclear Information System (INIS)

Yatchew, Adonis; Baziliauskas, Andy

2011-01-01

Recent feed-in-tariff (FIT) programs in Ontario, Canada have elicited a very strong supply response. Within the first year of their inception, the Ontario Power Authority received applications totaling over 15,000 MW, equivalent to about 43% of current Ontario electricity generating capacity. The overwhelming share of applications is for wind-power (69%) and solar photovoltaic (28%) generating facilities. Wind generation is being remunerated at 14-19 cents /kWh. Solar facilities receive from 40 to 80 cents /kWh. The initiative, which responds to Provincial legislation is administratively divided into applications for facilities exceeding 10 kW (the FIT program) and those less than or equal to 10 kW (the microFIT program). This paper describes the programs and their features, compares them to their predecessors in Ontario as well as to programs elsewhere, analyses the reasons for the very strong response, and assesses their efficacy and sustainability. - Research highlights: → Recent feed-in-tariff (FIT) programs in Ontario, Canada have elicited a very strong supply response. Within the first year, applications totaled over 15,000 MW, equivalent to about 43% of current Ontario electricity generating capacity. → Most projects are either solar or wind. → Likely causes of strong supply response-preferred system access and favorable, secure tariffs. (Wind generation is being remunerated at 14-19 cents /kWh. Solar facilities receive from 40 to 80 cents /kWh.) → Long term political sustainability of present program is in question.

Ten years of renewable electricity policies in Spain: An analysis of successive feed-in tariff reforms

International Nuclear Information System (INIS)

Rio Gonzalez, Pablo del

2008-01-01

Spain has been one of the most successful countries in the public promotion of electricity from renewable energy sources (RES-E), particularly wind electricity. This support has been based on a feed-in tariff (FIT) scheme. Although the basic structure of the system was implemented in 1998, it has been modified in 2004 and 2007. This paper provides an overview of the last 10 years of RES-E promotion in Spain, focusing on the FIT system and analysing the main differences and improvements of the three FIT systems. A political economy approach, which considers the interactions between key stakeholders in RES-E promotion, is used to interpret the actual outcomes of successive FIT reforms and their main design elements

Hearing of Francois Loos, ministry delegated to the Industry, on the electricity tariffs; Audition de M. Francois Loos, ministre delegue a l'Industrie, sur les tarifs de l'electricite

Energy Technology Data Exchange (ETDEWEB)

NONE

2007-01-15

The ministry answers questions relative to the electricity price: the position of the tariffs in Europe, the tariffs for the industry, the margins, EDF, the energy policy and the part of the nuclear, the fight against the CO{sub 2}. (A.L.B.)

Incentivizing intelligent customer behavior in smart-grids: a risk-sharing tariff & optimal strategies

NARCIS (Netherlands)

G. Methenitis (Georgios); M. Kaisers (Michael); J.A. La Poutré (Han)

2016-01-01

textabstractCurrent electricity tariffs for retail rarely provide incentives for intelligent demand response of flexible customers. Such customers could otherwise contribute to balancing supply and demand in future smart grids. This paper proposes an innovative risk-sharing tariff to incentivize

Electric energy costs and firm productivity in the countries of the Pacific Alliance

Science.gov (United States)

Camacho, Anamaria

This paper explores the relation between energy as an input of production and firm-level productivity for Chile, Colombia, Mexico and Peru, all country members of the Pacific Alliance economic bloc. The empirical literature, has explored the impact of infrastructure on productivity; however there is limited analysis on the impact of particular infrastructure variables, such as energy, on productivity at the firm level in Latin America. Therefore, this study conducts a quantitative assessment of the responsiveness of productivity to energy cost and quality for Chile, Colombia, Mexico and Peru. For this, the empirical strategy is to estimate a Cobb-Douglas production function using the World Bank's Enterprise Survey to obtain comparable measures of output and inputs of production. This approach provides estimates of input factor elasticities for all of the factors of production including energy. The results indicate that electric energy costs explain cross-country differences in firm level productivity. For the particular case of Colombia, the country exhibits the lowest capital and labor productivity of the PA, and firm output is highly responsive to changes in energy use. As a result, the evidence suggests that policies reducing electric energy costs are an efficient alternative to increase firm performance, particularly in the case of Colombia.

A dynamic model for firm-response to non-credible incentive regulation regimes

International Nuclear Information System (INIS)

Agrell, Per J.; Grifell-Tatjé, Emili

2016-01-01

Economic network regulation increasingly use quantitative performance models (from econometrics and engineering) to set revenues. In theory, high-powered incentive regulation, such as revenue-caps, induces firms to cost-efficient behavior independent of underlying model. However, anecdotal evidence shows regulated firms occasionally maintaining cost-inefficiency under incentive regulation even under slumping profitability. We present a model for firm-level efficiency under a regime with a probability of failure explaining this phenomenon. The model is based on the hypothesis that the regulatory choice of method can be associated with intrinsic flaws leading to judicial repeal and replacement of it by a low-powered regime. The results show that the cost efficiency policy is proportional to the type of firm (cost of effort), value of time (discount factor) and the credibility of the method (risk of failure). A panel data set for 2000–2006 for 128 electricity distributors in Sweden is used to validate the model predictions (radical productivity slowdown, failing profitability and efficiency) at the launch and demise of a non-credible regulation method. The work highlights the fallacy of viewing incentive regulation as a method-independent instrument, a result applicable in any infrastructure regulation. - Highlights: • Incentive regulation relies on fixed revenue for operators. • In existing theory the efficiency-inducing effect is model-independent. • A dynamic game exposes the firm to a regulation that may fail. • One optimal policy is to pad cost and wait for the failure. • The Swedish DSOs show this policy 2003–2006, when the regime failed.

Electricity as a traded good

International Nuclear Information System (INIS)

Srinivasan, Sunderasan

2013-01-01

Electric power has traditionally been classified as a non-traded good, produced and consumed within the country of origin. More recently, electricity has been traded across national borders and in certain cases, viz., Bhutan, has been the dominant export; in other situations, it is used to repay debts owed to neighboring countries. This paper investigates the role of electricity as the primary export, analyzes its valuation, and then goes on to evaluate the impact on the terms of trade. We conclude that in the medium-term, the electric power exporting economy would be better off developing its manufacturing sector to diversify its exposure and to protect its trade interests. The case of Bhutanese hydro-electricity exports to India is studied and the change in trade advantage with every increase in power tariff is ascertained. It is found that a 1.26% annual increase in (non-food) consumer prices is correlated with a 1% increase in electricity export tariff. While the causality from electric power tariff to Indian manufactures prices is not established statistically, a change in manufactures prices feeding back into consumer prices in Bhutan is statistically significant. Suggestions are offered for Bhutan to reduce dependence on Indian imports and to diversify its export market exposure. - Highlights: • Electricity as principal export of small economy. • Bilateral trade with large economy. • Tourism as major income generator for small economy. • Partial equilibrium model involving key variables. • Small economy would need to diversify. • Important subject for inter-temporal and inter-regional trade of power

RISK MANAGEMENT WITH FINANCIAL DERIVATIVES: EMPIRICAL EVIDENCE FROM ROMANIAN NON-FINANCIAL FIRMS

Directory of Open Access Journals (Sweden)

Sorin Gabriel Anton

2016-12-01

Full Text Available Financial risk management has rapidly evolved over the past two decades and has become an indispensable function in many institutions from different area of activities. In the last two decades, as the financial markets have become more and more mature, an increasing number of firms from emerging economies have chosen to use derivatives to hedge financial risks. As a result, risk management with financial derivatives has attracted much attention recently, becoming an important topic in the financial literature. However, we know little about the use of financial derivatives by firms from emerging economies and about the effect of these instruments on firms’ risk and value. The aim of the paper is to provide new insights into the use of financial derivatives for hedging purpose by non-financial firms from emerging markets. We analyzed risk management practices on a sample of 68 non-financial firms listed at Bucharest Stock Exchange (BSE over a long time frame (2001 to 2011. We found that Romanian non-financial firms from our sample are exposed mainly to commodity price risk, currency risk, interest rate risk, and liquidity risk. More than half of the firms in our sample (55.88% publish in their annual reports the goal of risk management process. Our results show that 10.29% of non-financial firms in our sample use financial derivatives to hedge their currency, interest rate or commodity price risks. We also found that the volatility caused by the global financial crisis determined many firms to use financial derivatives over the period 2007-2011. Nevertheless, the use of financial derivatives by Romanian non-financial firms is low relative to values registered for other emerging economies. The most important factors that hindered the use of financial derivatives have been the low liquidity of exchange derivatives markets, high hedging costs, and the lack of risk management expertise. The traditional approach of managing risks individually is

Do generation firms in restructured electricity markets have incentives to support social-welfare-improving transmission investments?

International Nuclear Information System (INIS)

Sauma, Enzo E.; Oren, Shmuel S.

2009-01-01

This paper examines the incentives that generation firms have in restructured electricity markets for supporting long-term transmission investments. In particular, we study whether generation firms, which arguably play a dominant role in the restructured electricity markets, have the incentives to fund or support incremental social-welfare-improving transmission investments. We examine this question in a two-node network and explore how such incentives are affected by the ownership of financial transmission rights (FTRs) by generation firms. In the analyzed two-node network, we show both (1) that the net exporter generation firm has the correct incentives to increase the transmission capacity incrementally up to a certain level and (2) that, although a policy that allocates FTRs to the net exporter generation firm can be desirable from a social point of view, such a policy would dilute the net-importer-generation-firm's incentives to support transmission expansion. Moreover, if all FTRs were allocated or auctioned off to the net exporter generation firm, then it is possible to increase both consumer surplus and social welfare while keeping the net exporter generation firm revenue neutral. (author)

Returns on investment in electricity producing photovoltaic systems under de-escalating feed-in tariffs. The case of Greece

International Nuclear Information System (INIS)

Danchev, Svetoslav; Maniatis, George; Tsakanikas, Aggelos

2010-01-01

Under the threat of ballooning energy bills, the Greek legal framework supporting the electricity producing photovoltaic systems (PVS) changed in January 2009 from a fixed to a de-escalating feed-in tariff schedule. In this paper we investigate the internal rate of return (IRR) on investing in PVS under the new regulatory environment. We find that the new scheme favours strongly the early entry in the market. Unless there is a significant decrease in the equipment cost over the next decade, entering the market from 2015 onwards will be prohibitive. The bias of the current policy design towards early entry in a rapidly developing set of technologies entails the risk of a lock-up with sub-optimal technological option. This outlines the importance for policy design of linking the rate of feed-in-tariff de-escalation to more realistic expectations regarding the technology learning curve. (author)

An incentive mechanism for electricity transmission expansion in Mexico

International Nuclear Information System (INIS)

Rosellon, Juan

2007-01-01

This study proposes an incentive regulatory framework for expanding electricity transmission in Mexico. A two-part pricing model is implemented within a combined merchant-regulatory structure. Three cases are considered. In the first, a monopolist with 'postage stamp tariffs' serves the whole country using uniform prices. In the second case, one firm holds a regional monopoly in each of the five electricity areas. In the third, a monopolist operates in all areas of the national electricity system and discriminates in the prices it charges in each of the regions. This approach is described and then applied to the Mexican electricity transmission network. Using real data, the study compares all three cases in terms of profits, capacity increases, and network expansion. The results are found to depend on two effects: the 'economies-of-scale effect', in which the maximum level is reached with a single network; and the 'discriminatory effect' that results when a firm can discriminate among types of consumers. The economies-of-scale effect produces greater capacity and network expansion, whereas the discriminatory effect increases profits

Time-of-use rates vs. Hopkinson tariffs redux: an analysis of the choice of rate structures in a regulated electricity distribution company

International Nuclear Information System (INIS)

Seeto, Dewey; Woo, C.K.; Horowitz, Ira

1997-01-01

Recent proposals to restructure the electricity industry in North America may effect the disintegration of a vertically integrated company into several smaller entities, including distribution companies (DISCOs) We explore whether time-of-use (TOU) pricing or a Hopkinson tariff would be more suitable for a regulated DISCO. Focusing on the economic efficiency of these alternative rate structures, we argue that a Hopkinson tariff with demand subscription is superior to TOU rates, as it can better handle the limited load diversity of local transmission and distribution (TD) demands made on the contemporary DISCO, while finessing the problem of endogenous marginal costs of local TD capacity. (Author)

When do firms generate? Evidence on in-house electricity supply in Africa

International Nuclear Information System (INIS)

Steinbuks, J.; Foster, V.

2010-01-01

This paper attempts to identify the underlying causes and costs of own generation of electric power in Africa. Rigorous empirical analysis of 8483 currently operating firms in 25 African countries shows that the prevalence of own generation would remain high (at around 20%) even if power supplies were perfectly reliable, suggesting that other factors such as firms' size, emergency back-up and export regulations play a critical role in the decision to own a generator. The costs of own-generation are about three times as high as the price of purchasing (subsidized) electricity from the public grid. However, because these generators only operate a small fraction of the time, they do not greatly affect the overall average cost of power to industry. The benefits of generator ownership are also substantial. Firms with their own generators report a value of lost load of less than US$50 per hour, compared with more than US$150 per hour for those without. Nevertheless, when costs and benefits are considered side by side, the balance is not found to be significantly positive. (author)

The solar photovoltaic feed-in tariff scheme in New South Wales, Australia

International Nuclear Information System (INIS)

Martin, Nigel; Rice, John

2013-01-01

Solar Photovoltaic (PV) electricity systems are part of Australia's energy supply matrix. In the case of New South Wales (NSW), the state government has had to deal with a complex policy problem. In order to play its role in the federal Small-scale Renewable Energy Scheme, the NSW government initiated the 7 year Solar Bonus Scheme in 2010. However, in attempting to maximise community investment in small-scale solar PV systems, it relied on faulty financial modelling that applied a generous Feed-in Tariff (FiT) and underestimated the level of investor participation and installed capacity. Consequently, the scheme has resulted in very high public costs that will require policy changes that bring investors and energy retailers into conflict, and unpopular electricity retail price adjustments. This paper uses a structured case and stakeholder analysis to critically analyse the FiT policy, while also highlighting important lessons for policymakers engaging in FiT design. - highlights: • Describes the design of a feed-in tariff policy for solar PV electricity exports. • Exposes a A$1 billion payment overrun and weaknesses in policy controls. • Identifies policy design flaws and opportunities to improve future tariff designs. • Discusses the importance of developing nationally integrated feed-in tariff policies

The complexity of electricity markets: the limits of the liberalisation of electric industries

International Nuclear Information System (INIS)

Finon, Dominique

2015-12-01

As electric industries have been liberalised or privatised later than other public utilities, notably in developed countries, this article first recalls that this activity has been during a long time a monopoly hold by a public service, and precisely planned with tariffs regulated by public authorities. Then, the author explains how deregulation is performed for such an industry to allow competition to be introduced at all levels of the electric sector. He describes the operation mode of the wholesale market which is structured in an hourly market due to the non-storable characteristic of electricity, describes retail price formation by pilling up the wholesale price, regulated tariffs of transport and distribution, and a tax aimed at paying the cost of public policies. This price can be compared with the regulated tariff which previously encompassed everything without any dissociation. Finally, he highlights the main defects and drawbacks of this market which do not allow long term investments in base equipment, back up equipment and on low carbon equipment (renewable, nuclear, and others)

Proceedings of the Fourth Forum: Energy Day of Croatia, Prices and Tariff Policy in Energy Supply

International Nuclear Information System (INIS)

1995-01-01

The principle topic of the four Forums ''Croatian Energy Day'' was ''prices and tariff policy in energy supply''. 23 papers were presented, which were subdivided into four groups: 16th World Energy Council Congress, planning and prices in energetics, oil and natural gas prices and tariffs, and electric energy prices and tariffs

Feed-in tariffs for renewable energies in Europe - an overview

International Nuclear Information System (INIS)

Wagner, A.

1999-01-01

Tariffs paid for renewable electricity have become the decisive criteria for renewable energy development in Europe. This interdependency has been reflected by the introduction of various legislative schemes for renewable energy sources (RES) in an increasing number of Eu Member States which is being analysed in this paper. The rapidly expanding market for wind power in Europe has been the best example for the success of favourable tariff schemes for renewable energies. Such as supportive framework - especially as in Denmark and Germany - has allowed the emerging industry to develop and expand, with thousands of new jobs created. Taking a closer look at installation rates, it is obvious that many existing regulations and tariff schemes in other Member States do not seem sufficient to allow for an accelerated market introduction of RES. Therefore, favourable framework conditions - especially with regard to financing - are required at European level. This is why this paper proposes the introduction of a common European legislation granting minimum tariffs to renewable energies which are fed into the electricity grids. The proposed directive is in line with several resolutions of the European Parliament and with many documents adopted by the European Commission, the latest the Green Paper on RES. (orig.)

Transmission tariffs - Principles, structure, aims and demands

International Nuclear Information System (INIS)

Groenli, Helle; Sand, Kjell

1997-11-01

The report deals with several optimization techniques for increasing the efficiency of electric grid operation in Norway. Methods and tools used for the determination of transmission costs are discussed such as partial transmission tariffs and Ramsey-pricing etc. 7 refs., 13 figs., 6 tabs

Factors Affecting Corporate Cash Holding of Non-Financial Firms in Pakistan

Directory of Open Access Journals (Sweden)

Atif Kafayat

2014-06-01

Full Text Available The previous researches explore the question of why firms hold cash. But there are few researches done in developing countries like Pakistan. The need for cash is characterized by its policies of firms regarding capital structure, working capital requirements, cash flow management, dividend payments, and asset management. In this paper, the impact of these factors is normally analyzed under the framework of Tradeoff theory, Pecking Order Theory and Free Cash Flow Theory. This paper focuses on determining the level of corporate cash holdings of non-financial Pakistani firms, and cash holding requirement among different industries. The data is set for period of 2008- 2012 by using the data of 40companies and 6 industries. The findings of the study support the theories. Which show that firm size, net working capital, leverage, Capital Expenditure and Dividend significantly affect the cash holdings of non-financial firms in Pakistan.

Gas Transit Tariffs in Selected ECT Countries

International Nuclear Information System (INIS)

2006-01-01

One of the strategic aims of the Energy Charter process is to promote and facilitate efficient and uninhibited transit of energy materials and products across the ECT constituency. The Energy Charter process has recently been focusing its attention on the issues related to the transit of natural gas due to the increasing reliance on gas imports into Europe and other regions from more distant sources and across more borders. The transit tariffs (including their levels, structures and associated conditions) are, in addition to the terms of access to the transit infrastructure, one of the key factors affecting the cross-border gas flows. The main objectives of this study are to: review transit tariff methodologies for existing and new gas transit pipeline systems across selected ECT countries; compare transit tariff regimes for gas with those for domestic gas transport in the same countries; and assess the overall consistency of these transit tariffs with main provisions of ECT and draft Transit Protocol. The scope of this study is limited to transit tariffs for natural gas. Furthermore the study does not address the issue of access to gas pipelines which sometimes is a more important hurdle for gas flows than the levels of transit tariffs. Geographically, the study covers the following key gas transit countries: EU-25 plus Switzerland, and Non-EU: Belarus, Bulgaria, Georgia, Morocco, Tunisia, the Russian Federation, and Ukraine. Chapter 3 describes the existing flows of gas trade and transit across the ECT countries and points out potential deviations between physical and contractual flows. Chapter 4 reviews the theoretical approaches used for setting transit tariffs, including: Typical costs for new gas pipelines: construction costs, financing, operation and maintenance costs, country/project risks and their impact on costs; Valuation approaches for existing pipelines; and Treatment of system expansion. Chapter 5 compares the theory and the practice by describing

Steepest Ascent Tariff Reforms

DEFF Research Database (Denmark)

Raimondos-Møller, Pascalis; Woodland, Alan D.

2006-01-01

a theoretical concept where the focus is upon the size of welfare gains accruing from tariff reforms rather than simply with the direction of welfare effects that has been the concern of theliterature.JEL code: F15.Keywords: Steepest ascent tariff reforms; piecemeal tariff policy; welfare; market access; small......This paper introduces the concept of a steepest ascent tariff reform for a small open economy. By construction, it is locally optimal in that it yields the highest gain in utility of any feasible tariff reform vector of the same length. Accordingly, it provides a convenient benchmark...... for the evaluation of the welfare effectiveness of other well known tariff reform rules, as e.g. the proportional and the concertina rules. We develop the properties of this tariff reform, characterize the sources of the potential welfare gains from tariff reform, use it to establish conditions under which some...

Software for industrial consumers electrical energy tariff optimal selection

OpenAIRE

Simona Ardelean; A. Ceclan; L. Czumbil; D. D. Micu; E. Simion

2008-01-01

This paper briefly presents someelectrical energy management techniques andproposes a software product dedicated forautomatic choose of the optimal tariff structure forindustrial consumers. The optimal choose ofelectrical energy invoicing model proves to be anefficient way to bring quality and economies in anycompanies administration. Advanced description ofthe proposed software is also presented.

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.)

Tariff-based incentives for improving coal-power-plant efficiencies in India

International Nuclear Information System (INIS)

Chikkatur, Ananth P.; Sagar, Ambuj D.; Abhyankar, Nikit; Sreekumar, N.

2007-01-01

Improving the efficiency of coal-based power plants plays an important role in improving the performance of India's power sector. It allows for increased consumer benefits through cost reduction, while enhancing energy security and helping reduce local and global pollution through more efficient coal use. A focus on supply-side efficiency also complements other ongoing efforts on end-use efficiency. The recent restructuring of the Indian electricity sector offers an important route to improving power plant efficiency, through regulatory mechanisms that allow for an independent tariff setting process for bulk purchases of electricity from generators. Current tariffs based on normative benchmarks for performance norms are hobbled by information asymmetry (where regulators do not have access to detailed performance data). Hence, we propose a new incentive scheme that gets around the asymmetry problem by setting performance benchmarks based on actual efficiency data, rather than on a normative basis. The scheme provides direct tariff-based incentives for efficiency improvements, while benefiting consumers by reducing electricity costs in the long run. This proposal might also be useful for regulators in other countries to incorporate similar incentives for efficiency improvement in power generation

Exploring Relationships among Proactiveness, Risk-Taking and Innovation Output in Family and Non-Family Firms

DEFF Research Database (Denmark)

Craig, Justin B.; Pohjola, Mikko; Kraus, Sascha

2014-01-01

In an empirical investigation of 532 Finnish firms, and using the entrepreneurial orientation (EO) literature to frame our arguments, we demonstrate that relationships among proactivity, risk-taking and innovation output differ in family and non-family firms. Specifically, we find evidence...... that risk-taking does not affect innovation output in family firms, whereas in non-family firms, innovation output is increased through risk-taking. Also, proactive family firms influence their innovation output more positively than proactive non-family firms do. This study adds important new insights...... to the growing knowledge of EO, which are discussed in the following for both academic and business audiences....

Dynamic Power Tariff for Congestion Management in Distribution Networks

DEFF Research Database (Denmark)

Huang, Shaojun; Wu, Qiuwei; Shahidehpour, Mohammad

2018-01-01

This paper proposes dynamic power tariff (DPT), a new concept for congestion management in distribution networks with high penetration of electric vehicles (EVs), and heat pumps (HPs). The DPT concept is proposed to overcome a drawback of the dynamic tariff (DT) method, i.e., DPT can replace...... the price sensitivity parameter in the DT method, which is relatively unrealistic in practice. Based on the control theory, a control model with two control loops, i.e., the power flow control and voltage control, is established to analyze the congestion management process by the DPT method. Furthermore...

The effects of average revenue regulation on electricity transmission investment and pricing

International Nuclear Information System (INIS)

Matsukawa, Isamu

2008-01-01

This paper investigates the long-run effects of average revenue regulation on an electricity transmission monopolist who applies a two-part tariff comprising a variable congestion price and a non-negative fixed access fee. A binding constraint on the monopolist's expected average revenue lowers the access fee, promotes transmission investment, and improves consumer surplus. In a case of any linear or log-linear electricity demand function with a positive probability that no congestion occurs, average revenue regulation is allocatively more efficient than a Coasian two-part tariff if the level of capacity under average revenue regulation is higher than that under a Coasian two-part tariff. (author)

Day-ahead tariffs for the alleviation of distribution grid congestion from electric vehicles

DEFF Research Database (Denmark)

O'Connell, Niamh; Wu, Qiuwei; Østergaard, Jacob

2012-01-01

An economically efficient day-ahead tariff (DT) is proposed with the purpose of preventing the distribution grid congestion resulting from electric vehicle (EV) charging scheduled on a dayahead basis. The DT concept developed herein is derived from the locational marginal price (LMP), in particular...... the congestion cost component of the LMP. A step-wise congestion management structure has been developed whereby the distribution system operator (DSO) predicts congestion for the coming day and publishes DTs prior to the clearing of the day-ahead market. EV fleet operators (FOs) optimize their EV charging...... schedules with respect to the predicted day-ahead prices and the published DTs, thereby avoiding congestion while still minimizing the charging cost. A Danish 400V distribution network is used to carry out case studies to illustrate the effectiveness of the developed concept for the prevention...

An incentive mechanism for electricity transmission expansion in Mexico

Energy Technology Data Exchange (ETDEWEB)

Rosellon, Juan [Division de Economia, Centro de Investigacion y Docencia Economicas (CIDE), Carret. Mexico-Toluca 3655, Lomas de Santa Fe, C.P. 01210, Mexico DF (Mexico)

2007-05-15

This study proposes an incentive regulatory framework for expanding electricity transmission in Mexico. A two-part pricing model is implemented within a combined merchant-regulatory structure. Three cases are considered. In the first, a monopolist with ''postage stamp tariffs'' serves the whole country using uniform prices. In the second case, one firm holds a regional monopoly in each of the five electricity areas. In the third, a monopolist operates in all areas of the national electricity system and discriminates in the prices it charges in each of the regions. This approach is described and then applied to the Mexican electricity transmission network. Using real data, the study compares all three cases in terms of profits, capacity increases, and network expansion. The results are found to depend on two effects: the ''economies-of-scale effect'', in which the maximum level is reached with a single network; and the ''discriminatory effect'' that results when a firm can discriminate among types of consumers. The economies-of-scale effect produces greater capacity and network expansion, whereas the discriminatory effect increases profits. (author)

Liberalisation and Corporate Strategic Behaviours: A Taxonomy of the European Electric Firms

OpenAIRE

Schiavone Francesco; Quintano Michele

2012-01-01

Liberalisation in the European electricity market greatly increased the number of corporate mergers and acquisitions. This article proposes a taxonomy of the strategic behaviours of European electricity firms after the recent continental industry liberalisation. We analysed the operations of mergers and acquisitions of these companies. The «five competitive forces» model by Michael Porter was used in order to develop the taxonomy. Our analysis outlines three main strategic types: "omnivorou"s...

Report made on behalf of the commission of economic affairs, of environment and of the territory about the proposal of law, adopted by the Senate, relative to electricity and natural gas regulated tariffs

International Nuclear Information System (INIS)

2007-12-01

This report aims at filling up some gaps in the French legislation relative to the determination of electricity and natural gas regulated tariffs and to the beneficiaries of these tariffs. It makes a synthesis of four proposals of law dealing with: the possibility for end-users and small companies to benefit again of the regulated electricity prices (proposals no 369 and 149), the permission of reversibility in the exercise of the rights relative to the eligibility for the purchase of electric power (proposal no 427), and the preservation of households' purchasing power by keeping up the regulated prices of electricity and natural gas (proposal no 462). The different articles are examined and some amendments are proposed by the commission. (J.S.)

Asymptotic behaviour of firmly non expansive sequences

International Nuclear Information System (INIS)

Rouhani, B.D.

1993-04-01

We introduce the notion of firmly non expansive sequences in a Banach space and present several results concerning their asymptotic behaviour extending previous results and giving an affirmative answer to an open question raised by S. Reich and I. Shafir. Applications to averaged mappings are also given. (author). 16 refs

Performance Measurement Of Public Sector Insurance Units After De-Tariffication

OpenAIRE

Sharma, Seema; Sikidar, Dr. Sujit

2014-01-01

Insurance sector in India was privatised to publicise insurance products. After privatisation of this industry in India in the year 2000, the next important step taken in the general insurance industry was the removal of tariffs on the non-life insurance products with effect from January1, 2007. The introduction of the free price regime has provided an impetus to the non-life sector. Before the introduction of de-tariffication almost 70% of the business of the non-life sector was driven by va...

A FINANCIAL PERFORMANCE COMPARISON OF GROUP AND NON-GROUP FIRMS IN TEXTILE SECTOR OF PAKISTAN

Directory of Open Access Journals (Sweden)

Ishtiaq AHMAD

2016-12-01

Full Text Available Pakistan is a developing economy and business groups are key players of the Pakistan’s economy. Previous research evidence shows that in the emerging economies group affiliation creates value for the firms. This study is intended to empirically investigate to know that whether group affiliated (GA firms perform financially better than non-group affiliated firms or not? GA firms in emerging economies can have better financial performance by sharing tangible and intangible resources at group level. The financial ratio is used to compare performance of affiliated and non-group affiliated firms by using the data of 70 textile firms listed at Karachi Stock Exchange(now Pakistan Stock Exchange covering a period from 2008 to 2012. Based on mean values of return on assets (ROA, results of the study show that GA firms have higher financial performance than non-group affiliated firms in each year and over all five years.

Dynamically consistent oil import tariffs

International Nuclear Information System (INIS)

Karp, L.; Newbery, D.M.

1992-01-01

The standard theory of optimal tariffs considers tariffs on perishable goods produced abroad under static conditions, in which tariffs affect prices only in that period. Oil and other exhaustable resources do not fit this model, for current tariffs affect the amount of oil imported, which will affect the remaining stock and hence its future price. The problem of choosing a dynamically consistent oil import tariff when suppliers are competitive but importers have market power is considered. The open-loop Nash tariff is solved for the standard competitive case in which the oil price is arbitraged, and it was found that the resulting tariff rises at the rate of interest. This tariff was found to have an equilibrium that in general is dynamically inconsistent. Nevertheless, it is shown that necessary and sufficient conditions exist under which the tariff satisfies the weaker condition of time consistency. A dynamically consistent tariff is obtained by assuming that all agents condition their current decisions on the remaining stock of the resource, in contrast to open-loop strategies. For the natural case in which all agents choose their actions simultaneously in each period, the dynamically consistent tariff was characterized, and found to differ markedly from the time-inconsistent open-loop tariff. It was shown that if importers do not have overwhelming market power, then the time path of the world price is insensitive to the ability to commit, as is the level of wealth achieved by the importer. 26 refs., 4 figs

Carbon tariffs and cooperative outcomes

International Nuclear Information System (INIS)

Eyland, Terry; Zaccour, Georges

2014-01-01

In the absence of an international environmental agreement (IEA) on climate change, a country may be reluctant to unilaterally implement environmental actions, as this may lead to the relocation of firms to other, lax-on-pollution countries. To avoid this problem, while still taking care of the environment, a country may impose a carbon tariff that adjusts for the differences between its own carbon tax and the other country's tax. We consider two countries with a representative firm in each one, and characterize and contrast the equilibrium strategies and outcomes in three scenarios. In the first (benchmark) scenario, in a first stage the regulators in the two countries determine the carbon taxes noncooperatively, and in a second stage, the firms compete à la Cournot. In the second scenario, the regulators cooperate in determining the carbon taxes, while the firms still play a noncooperative Cournot game. In the third scenario, we add another player, e.g., the World Trade Organization, which announced a border tax in a prior stage; the game is then played as in the first scenario. Our two major results are (i) a border-tax adjustment (BTA) mimics quite well the cooperative solution in setting the carbon taxes as in scenario two. This means that a BTA may be a way around the lack of enthusiasm for an IEA. (ii) All of our simulations show that a partial correction of the difference in taxes is sufficient to maximize total welfare. In short, the conclusion is that a BTA may be used as a credible threat to achieve an outcome that is very close to the cooperative outcome. - Highlights: • One of the first studies to consider border-tax adjustment in a strategic context. • Border-tax adjustment can lead to an optimal outcome, in cooperative sense. • Optimal outcome is achieved with partial tax adjustment

Impact of large-scale energy efficiency programs on utility finances and consumer tariffs in India

International Nuclear Information System (INIS)

Abhyankar, Nikit; Phadke, Amol

2012-01-01

The objective of this paper is to analyze the effect on utility finances and consumer tariffs of implementing utility-funded demand-side energy efficiency (EE) programs in India. We use the state of Delhi as a case study. We estimate that by 2015, the electric utilities in Delhi can potentially save nearly 14% of total sales. We examine the impacts on utility finances and consumer tariffs by developing scenarios that account for variations in the following factors: (a) incentive mechanisms for mitigating the financial risk of utilities, (b) whether utilities fund the EE programs only partially, (c) whether utilities sell the conserved electricity into spot markets and (d) the level of power shortages utilities are facing. We find that average consumer tariff would increase by 2.2% although consumers participating in EE programs benefit from reduction in their electricity consumption. While utility incentive mechanisms can mitigate utilities’ risk of losing long-run returns, they cannot address the risk of consistently negative cash flow. In case of power shortages, the cash flow risk is amplified (reaching up to 57% of utilities annual returns) and is very sensitive to marginal tariffs of consumers facing power shortages. We conclude by proposing solutions to mitigate utility risks. - Highlights: ► We model implementation of energy efficiency (EE) programs in Delhi, India. ► We examine the impact on utility finances and consumer tariffs from 2012 to 2015. ► We find that average consumer tariffs increase but participating consumers benefit. ► Existing regulatory mechanisms cannot address utilities’ risk of negative cash flow. ► Frequent true-ups or ex-ante revenue adjustment is required to address such risk.

Fair and efficient tariffs for wind energy : principles, method, proposal, data and potential consequences in France

International Nuclear Information System (INIS)

Chabot, B.

2001-01-01

In 2000, the government of France announced a national energy plan that included the installation of 5,000 to 10,000 MW of wind power by 2010. It also announced a new system based on fixed tariffs that would replace the EOLE 2005 calls for tenders for projects under 12 MW. This paper described the principles and methods used to develop this fair and efficient tariff system for wind energy in France. The Agence de l'Environnement et de la Maitrise de l'Energie (ADEME) uses the Profitability Index Method to help define a wind energy tariff system for wind power plants under 12 MW. This paper presents some figures of the related over-cost incurred with the new tariff system which makes it possible for energy developers in France to develop huge wind potential at a pace equal to other countries with fixed premium prices. The over-cost of the new tariff system is not too high, plus it could be passed equally over all consumers of electricity. The tariff system will help France comply with its national, European and international commitments regarding climate change and with the future European directive on electricity generated from renewable energy sources. 8 refs., 1 tab., 4 figs

No way around green tariffs; Oekotarife sind nicht mehr wegzudenken

Energy Technology Data Exchange (ETDEWEB)

Briese, Dirk [trend:research GmbH, Stuttgart (Germany)

2011-05-15

Just like green electricity, meanwhile a classic, so too now does newcomer ''green gas'' offer energy suppliers with an appropriate marketing mix far-reaching opportunities for improving their corporate image, securing customer loyalty and increasing turnover. However the only beneficiaries of this trend to date have been green-only suppliers which specialise in this market. Although most traditional suppliers have now added green tariffs to their product portfolio, this has given them little commercial success, since eco-minded consumers often consider green-only suppliers to be more credible. A recent study shows that the market volume of green electricity and green gas tariffs will grow markedly over the next five years. Energy suppliers should therefore turn their attention to the question of how they can best exploit this potential.

Risk-taking behavior in private family firms: the role of the non-family CEO

OpenAIRE

Huybrechts, Jolien; Voordeckers, Wim; Lybaert, Nadine; Vandemaele, Sigrid

2011-01-01

This paper studies the risk-taking behavior of private family firms in general as well as variations in risk-taking behavior among the group of family firms. We use the agency perspective to theoretically argue that the usually high degree of coupling of ownership and management causes family firms to be on average less risk-taking than non-family firms. The introduction of a non-family CEO who usually has no or only limited legal ownership will have a positive influence on the level of risk-...

Inefficiency persistence and heterogeneity in Colombian electricity utilities

International Nuclear Information System (INIS)

Galán, Jorge E.; Pollitt, Michael G.

2014-01-01

The electricity reform in Colombia has exhibited gains in terms of reliability but its effects on firm efficiency and service quality have not been clear. Previous studies evaluating the performance of distribution companies after the reform have not found evidence of improvements, although large differences in efficiency have been found among firms. This suggests high inefficiency persistence and heterogeneity in the Colombian distribution sector. In this paper, we propose an extension of dynamic stochastic frontier models that accounts for unobserved heterogeneity in the inefficiency persistence and in the technology. The model incorporates total expenses, service quality and energy losses in an efficiency analysis of Colombian distributors over fifteen years after the reform. We identify the presence of high inefficiency persistence in the sector, and important differences between firms. In particular, rural companies and firms with small customers present low persistence and evidence the largest gains in efficiency during the period. However, increases in efficiency are only manifested during thelast five years when the main improvements in service quality and energy losses are presented. Overall, inefficiency persistence, customer density and consumption density are found to be important criteria to be considered for regulatory purposes. - Highlights: • We evaluate efficiency of Colombian electricity distributors after the reform. • We use a stochastic frontier model with dynamic effects and heterogeneity. • We find high inefficiency persistence but important differences among firms. • High persistent and low efficient firms should draw the attention of the regulator. • Recent regulation in quality has increased not only efficiency but also tariffs

Combining tariffs, investment subsidies and soft loans in a renewable electricity deployment policy

International Nuclear Information System (INIS)

Mir-Artigues, Pere; Río, Pablo del

2014-01-01

Policy combinations and interactions have received a considerable attention in the climate and energy policy realm. However, virtually no attention has been paid to the analysis of the combination of different deployment instruments for the same renewable energy technology. This neglect is all the more striking given the existence in current policy practice of combinations of deployment instruments either across technologies or for the same technology, both in the EU and elsewhere. What renewable electricity support policies to use and, therefore, how to combine them in order to promote the deployment of renewable energy technologies cost-effectively is a main concern of governments. The aim of this paper is to provide insight on the cost-effectiveness of combinations of deployment instruments for the same technology. A financial model is developed for this purpose, whereby feed-in tariffs (FITs) are combined with investment subsidies and soft loans. The results show that the policy costs of combinations are the same as for the FITs-only option. Therefore, combining deployment instruments is not a cost-containment strategy. However, combinations may lead to different inter-temporal distributions of the same amount of policy costs and, thus, differently affect the social acceptability and political feasibility of renewable energy support. - Highlights: • Insight on the cost-effectiveness of combinations of deployment instruments for the same technology. • A financial model is developed. • Feed-in tariffs (FITs) are combined with investment subsidies and soft loans. • The policy costs of combinations are the same as for the FITs-only option. • Therefore, combining deployment measures is not a cost-containment strategy

The too expensive invoice of the wind energy. The electric power regulation commission criticizes the State tariff; La facture trop lourde des eoliennes. La commission de regulation de l'electricite critique le tarif fixe par l'Etat

Energy Technology Data Exchange (ETDEWEB)

Nathan, E.; Delbecq, D.; Coroller, C.; Cori, N.; Bernard, C.

2001-07-01

After the order of the 12 june, fixing the purchase tariffs of the wind energy, the CRE (electric power regulation commission) contested this tariff: this wind energy development policy is too expensive for the collectivity. (A.L.B.)

Impact of Large Scale Energy Efficiency Programs On Consumer Tariffs and Utility Finances in India

Energy Technology Data Exchange (ETDEWEB)

Abhyankar, Nikit; Phadke, Amol

2011-01-20

Large-scale EE programs would modestly increase tariffs but reduce consumers' electricity bills significantly. However, the primary benefit of EE programs is a significant reduction in power shortages, which might make these programs politically acceptable even if tariffs increase. To increase political support, utilities could pursue programs that would result in minimal tariff increases. This can be achieved in four ways: (a) focus only on low-cost programs (such as replacing electric water heaters with gas water heaters); (b) sell power conserved through the EE program to the market at a price higher than the cost of peak power purchase; (c) focus on programs where a partial utility subsidy of incremental capital cost might work and (d) increase the number of participant consumers by offering a basket of EE programs to fit all consumer subcategories and tariff tiers. Large scale EE programs can result in consistently negative cash flows and significantly erode the utility's overall profitability. In case the utility is facing shortages, the cash flow is very sensitive to the marginal tariff of the unmet demand. This will have an important bearing on the choice of EE programs in Indian states where low-paying rural and agricultural consumers form the majority of the unmet demand. These findings clearly call for a flexible, sustainable solution to the cash-flow management issue. One option is to include a mechanism like FAC in the utility incentive mechanism. Another sustainable solution might be to have the net program cost and revenue loss built into utility's revenue requirement and thus into consumer tariffs up front. However, the latter approach requires institutionalization of EE as a resource. The utility incentive mechanisms would be able to address the utility disincentive of forgone long-run return but have a minor impact on consumer benefits. Fundamentally, providing incentives for EE programs to make them comparable to supply

Cost efficiency and optimal scale of electricity distribution firms in Taiwan: An application of metafrontier analysis

International Nuclear Information System (INIS)

Huang, Y.-J.; Chen, K.-H.; Yang, C.-H.

2010-01-01

This paper analyzes the cost efficiency and optimal scale of Taiwan's electricity distribution industry. Due to the substantial difference in network density, firms may differ widely in production technology. We employ the stochastic metafrontier approach to estimate the cost efficiency of 24 distribution units during the period 1997-2002. Empirical results find that the average cost efficiency is overestimated using the traditional stochastic frontier model, especially for low density regions. The average cost efficiency of the high density group is significantly higher than that of the low density group as it benefits from network economies. This study also calculates both short-term and long-term optimal scales of electricity distribution firms, lending policy implications for the deregulation of the electricity distribution industry.

On the electricity shortage, price and electricity theft nexus

International Nuclear Information System (INIS)

Jamil, Faisal

2013-01-01

Pakistan is facing severe electricity shortfall of its history since 2006. Several measures have been implemented in order to mitigate electricity shortage. The focus has been on raising the installed capacity of electricity generation and transmission. The present policy results in expensive thermal electricity generation mostly using expensive and environmentally hazardous furnace oil and inability of utilities to recover their cost of supply although there is unprecedented rise in electricity tariffs. This study concentrates on the electricity demand and traces the relationship between electricity shortfalls, tariff rate and electricity theft in the background of recent electricity crisis using the data for the period 1985–2010. We employed the Granger causality test through error correction model and out-of-sample causality through variance decomposition method. Empirical evidence shows that electricity theft greatly influences electricity shortfalls through lowering investment and inefficient use of electricity. The study concludes that electricity crisis cannot be handled without combating rampant electricity theft in the country. - Highlights: ► The study investigates relationship among electricity outages, price and electricity theft. ► It employed Johansen approach, ECM and variance decomposition analysis. ► Empirical evidence shows that electricity theft causes outages and rising tariff rates. ► Variance decomposition analysis results are slightly different from ECM

Impact of Battery Energy Storage System Operation Strategy on Power System: An Urban Railway Load Case under a Time-of-Use Tariff

Directory of Open Access Journals (Sweden)

Hyeongig Kim

2017-01-01

Full Text Available Customer-owned battery energy storage systems (BESS have been used to reduce electricity costs of energy storage owners (ESOs under a time-of-use (TOU tariff in Korea. However, the current TOU tariff can unintentionally induce customer’s electricity usage to have a negative impact on power systems. This paper verifies the impact of different BESS operation strategies on power systems under a TOU tariff by analyzing the TOU tariff structure and the customer’s load pattern. First, several BESS operation strategies of ESO are proposed to reduce the electricity cost. In addition, a degradation cost calculation method for lithium ion batteries is considered for the ESO to determine the optimal BESS operation strategy that maximizes both electricity cost and annual investment cost. The optimal BESS operation strategy that maximizes ESO’s net benefit is illustrated by simulation using an urban railway load data from Namgwangju Station, Korea. The results show that BESS connected to urban railway loads can negative impact power system operation. This is due to the high BESS degradation costs and lack of incentive of differential rates in TOU tariff that can effectively induce proper demand response.

Optimal feed-in tariff for solar photovoltaic power generation in China: A real options analysis

International Nuclear Information System (INIS)

Zhang, M.M.; Zhou, D.Q.; Zhou, P.; Liu, G.Q.

2016-01-01

The feed-in tariff policy is widely used to promote the development of renewable energy. China also adopts feed-in tariff policy to attract greater investment in solar photovoltaic power generation. This study employs real options method to assess the optimal levels of feed-in tariffs in 30 provinces of China. The uncertainties in CO_2 price and investment cost are considered. A method that integrates the backward dynamic programming algorithm and Least-Squares Monte Carlo method is used to solve the model. The results demonstrate that the feed-in tariffs of 30 provinces range from 0.68 RMB/kWh to 1.71 RMB/kWh, and the average level is 1.01 RMB/kWh. On this basis, we find that the levels of sub-regional feed-in tariff announced in 2013 are no longer appropriate and should be adjusted as soon as possible. We have also identified the implications of technological progress and carbon emission trading schemes, as well as the importance of strengthening electricity transmission. It has been suggested that the Chinese government takes diverse measures, including increasing research and development investment, establishing and improving a nationwide carbon emission trading scheme and accelerating the construction of electricity-transmission infrastructure, to reduce the required feed-in tariff and promote the development of solar photovoltaic power generation. - Highlights: • We estimate the optimal levels of feed-in tariffs for 30 provinces in China by using real options method. • The uncertainties in CO_2 price and investment cost are considered. • The feed-in tariffs of 30 provinces range from 0.68 RMB/kWh to 1.71 RMB/kWh, and the average level is 1.01 RMB/kWh.

IFRIC 12, ICPC 01 and Regulatory Accounting: Influences on Formation of Tariffs in the Electricity Sector

Directory of Open Access Journals (Sweden)

Natan Szuster

2012-12-01

Full Text Available The objective of this study was to investigate to what extent the IFRIC12 and ICPC01 accounting characteristics can influence in the formation of tariffs in the electricity sector in Brazil. The choice of this sector is justified by its economic relevance, its importance for the development of the country and mainly because it uses specific regulatory accounting rules. With a purely qualitative approach - justified by the incipient stage of the current research in this area – we conducted a theoretical study, focusing on qualitative information, through research of the literature and documents. The results show that the pricing model may change under the IFRIC 12 and ICPC 01 standards, which makes the effective application of these accounting standards in the environment regulated by the National Electric Energy Agency (ANEEL a difficult and complex task. The study also indicates that the main difference between the regulatory accounting system promoted by ANEEL and the international standards is the impossibility of recognizing regulatory assets and liabilities under the latter system. Therefore, the Brazilian electricity sector is one of those that may have its financial statements most affected by the convergence of Brazilian accounting standards to international standards.

Cost and optimal feed-in tariff for small scale photovoltaic systems in China

International Nuclear Information System (INIS)

Rigter, Jasper; Vidican, Georgeta

2010-01-01

China has recently become a dominant player in the solar photovoltaic (PV) industry, producing more than one-third of the global supply of solar cells in 2008. However, as of 2008, less than 1% of global installations were based in China. Recently, the government has stated its grand ambitions of expanding the share of electricity derived from solar power. As part of this initiative, policy makers are currently in the process of drafting a feed-in tariff policy to support the development of the solar energy market. In this paper, we aim to calculate what the level of such a tariff should be. We develop a closed form equation for the cost of PV, and use forecasts on prices of solar systems to derive an optimal feed-in tariff, including a digression rate. The focus is on the potential of residential and small scale commercial solar PV installations. We show that the cost of small scale PV in China has decreased rapidly during the period 2005-2009. Our analysis also shows that optimal feed-in tariffs vary widely between regions within China, and that grid parity could be reached in large parts of the country depending on the expected escalation in electricity prices. (author)

Industry sector analysis, Mexico: Electric power production and distribution equipment. Export Trade Information

International Nuclear Information System (INIS)

Wood, J.S.; Miller, R.W.

1988-09-01

The Industry Sector Analyses (I.S.A.) for electric power production and distribution equipment contains statistical and narrative information on projected market demand, end-users, receptivity of Mexican consumers to U.S. products, the competitive situation - Mexican production, total import market, U.S. market position, foreign competition, and competitive factors, and market access - Mexican tariffs, non-tariff barriers, standards, taxes and distribution channels. The I.S.A. provides the United States industry with meaningful information regarding the Mexican market for electric power production and distribution equipment

Congestion management of distribution networks with day-ahead dynamic grid tariffs

DEFF Research Database (Denmark)

Huang, Shaojun; Wu, Qiuwei

vehicles (EV) and heat pumps (HP), will be largely deployed in electrical distribution networks. Congestion management will be important in the future active distribution networks. In the IDE4L project, work package 5 is dedicated to develop different kinds of congestion management methods. Demand response...... (DR) is one of the important methods. In this report, as one task of work package 5, the day-ahead dynamic tariff (DADT) method for congestion management in distribution networks is presented. The dynamic tariff (DT) can motivate the flexible demands (EV and HP) to shift their energy consumption...

The Demand Side Response to Multi-zone Tariffs. Consumer Test Results

Directory of Open Access Journals (Sweden)

Adam Olszewski

2015-12-01

Full Text Available Advanced Metering Infrastructure (AMI is a technologically advanced solution currently implemented by the most innovative distribution system operators. ENERGA-OPERATOR SA set about preparing for smart metering implementation in 2010. So far the company has installed over 400,000 meters in its area, and plans to install a further 450,000 in 2015. Kalisz, the first fully AMI-covered city in Poland, was chosen for an in-depth analysis of the system. In particular, a consumer test was conducted there with the intention of answering the question about the strength of the demand side response to multi-zone tariffs and power reduction. Conclusions from the year-long test show the demand side response to multi-zone tariffs – i.e. the maximum temporary percentage reduction of energy consumption in the time zone with the tariff raised by a min. of 80% – stays within the 5–15% range. In the case of power reduction (the maximum temporary reduction of energy consumption in the time zone when the power available to a household is limited to 1 kW – the demand side response stays within the 10–30% range. An additional effect of tariff diversification and smart metering is a reduction in electricity consumption by 1–4% on working days (i.e. this is the effect of either the consumption reduction or shifting it to weekends. During the test energy consumers were subjected to both price incentives and education. Due to the fact that it is difficult to separate the effects of education and tariff structures, the company plans to continue the research related to verifying the effectiveness of individual activation tools in reducing electricity consumption by households.

Capital market financing, firm growth, and firm size distribution

OpenAIRE

Didier Brandao,Tatiana; Levine,Ross Eric; Schmukler,Sergio L.

2015-01-01

How many and which firms issue equity and bonds in domestic and international markets, how do these firms grow relative to non-issuing firms, and how does firm performance vary along the firm size distribution? To evaluate these questions, a new data set is constructed by matching data on firm-level capital raising activity with balance sheet data for 45,527 listed firms in 51 countries. T...

Welfare versus market access : the implications of tariff structure for tariff reform

OpenAIRE

James E. Anderson; J. Peter Neary

2004-01-01

We show that the effects of tariff changes on welfare and import volume can be fully characterised by their effects on the generalised mean and variance of the tariff distribution. Using these tools, we derive new results for welfare- and market-access-improving tariff changes, which imply two "cones of liberalisation" in price space. Because welfare is negatively but import volume positively related to the generalised variance, the cones do not intersect, which poses a dilemma for trad...

Network ownership and optimal tariffs for natural gas transport

International Nuclear Information System (INIS)

Hagen, Kaare P.; Kind, Hans Jarle; Sannarnes, Jan Gaute

2004-11-01

This paper addresses the issue of national optimal tariffs for transportation of natural gas in a setting where national gas production in its entirety is exported to end-user markets abroad. In a situation where the transportation network is owned altogether by a vertically integrated national gas producer, it is shown that the optimal tariff depends on the ownership structure in the integrated transportation company as well as in the non-facility based gas company. There are two reasons why it is possibly optimal with a mark-up on marginal transportation costs. First, there is a premium on public revenue if domestic taxation is distorting. Second, with incomplete national taxation of rents from the gas sector, the transportation tariffs can serve as a second best way of appropriating rents accruing to foreigners. In a situation where the network is run as a separate entity subject to a rate of return regulation, it will be optimal to discriminate the tariffs between shippers for the usual Ramseyean reasons. (Author)

Effect of tariffs on the performance and economic benefits of PV-coupled battery systems

International Nuclear Information System (INIS)

Parra, David; Patel, Martin K.

2016-01-01

Highlights: • Pb-acid and Li-ion batteries are compared under three different retail tariffs. • The battery ageing, i.e. capacity and discharge capability reduction is simulated. • A dynamic tariff (1-h resolution) increases the battery discharge value up to 28%. • A Li-ion cost of 375 CHF/kW h is required for Geneva for PV energy time-shift. • This requirement becomes 500 CHF/kW h if demand peak-shaving is also performed. - Abstract: The use of batteries in combination with PV systems in single homes is expected to become a widely applied energy storage solution. Since PV system cost is decreasing and the electricity market is constantly evolving there is marked interest in understanding the performance and economic benefits of adding battery systems to PV generation under different retail tariffs. The performance of lead-acid (PbA) and lithium-ion (Li-ion) battery systems in combination with PV generation for a single home in Switzerland is studied using a time-dependant analysis. Firstly, the economic benefits of the two battery types are analysed for three different types of tariffs, i.e. a dynamic tariff based on the wholesale market (one price per hour for every day of the year), a flat rate and time-of-use tariff with two periods. Secondly, the reduction of battery capacity and annual discharge throughout the battery lifetime are simulated for PbA and Li-ion batteries. It was found that despite the levelised value of battery systems reaches up to 28% higher values with the dynamic tariff compared to the flat rate tariff, the levelised cost increases by 94% for the dynamic tariff, resulting in lower profitability. The main reason for this is the reduction of equivalent full cycles performed with by battery systems with the dynamic tariff. Economic benefits also depend on the regulatory context and Li-ion battery systems were able to achieve internal rate of return (IRR) up to 0.8% and 4.3% in the region of Jura (Switzerland) and Germany due to

19 CFR 10.420 - Filing of claim for tariff preference level.

Science.gov (United States)

2010-04-01

... cotton or man-made fiber fabric or apparel good described in § 10.421 of this subpart that does not... tariff treatment under the US-CFTA under an applicable tariff preference level (TPL). To make a TPL claim... subheading in Chapter 52 through 62 of the HTSUS under which each non-originating cotton or man-made fiber...

19 CFR 10.520 - Filing of claim for tariff preference level.

Science.gov (United States)

2010-04-01

.... A cotton or man-made fiber apparel good described in § 10.521 of this subpart that does not qualify... tariff treatment under the SFTA under an applicable tariff preference level (TPL). To make a TPL claim... Chapter 61 or 62 of the HTSUS under which each non-originating cotton or man-made fiber apparel good is...

Policy of Tariff Protection in the Light of WTO Accession

Directory of Open Access Journals (Sweden)

MSc. Burim Gashi

2014-06-01

Full Text Available Tariff rates are crucial instrument of trade policy. This paper covers several important issues related to the reforms of this area. First part of the paper explains the key features of tariffs as protection instrument: different policy takers and opposite economic interests; benefits and adverse effects; alternative measures of protection; dependence of tariff policy on the development priorities and the welfare effects, etc. This document explains main World Trade Organization requirements concerning protection policy such as primary role of tariffs, restricted set of non-tariff instruments, limited scope of safeguard measures, comparison on the legal development in the field until now, and an indication of further legislation changes necessary in the period of adjustment. It also gives main elements of the customs-reform strategy: choice and concentration of goals and priorities; criteria for preparation of the alternative scenarios; solving convergence problems; defining conditionality for alternative solutions and interdependence of relevant externalities. The goal of the paper is to give recommendation for trade policy reform in our country necessarily to become member of World Trade Organization.

46 CFR 520.4 - Tariff contents.

Science.gov (United States)

2010-10-01

... places between which cargo will be carried; (2) List each classification of cargo in use; (3) State the... any, used to maintain the organization's tariffs. (c) Tariff record. The tariff record for each tariff... person and address; (6) Default measurement and currency units; (7) Origination and destination scope...

Efficiency and fairness of the terms and conditions under which electricity is sold to British manufacturing establishments. [Optimality of Bulk Supply Tariff questioned

Energy Technology Data Exchange (ETDEWEB)

Cannon, C M

1977-06-01

This paper reports on an inquiry into three aspects of the terms and conditions under which electricity is sold to manufacturing establishments. These aspects are the adequacy of information services; the fairness of the pricing behavior of electricity boards; and the efficiency of one schedule of charges agreed with a large industrial consumer. Except the charge for night-time units, the schedule of charges agreed with the large consumer appears to be efficient. However, regional statistics on the percentage of high-voltage customers that pay agreed terms rather than published tariffs suggest that the pricing behavior by boards is often unfair.

Taxes, Tariffs, and The Global Corporation

OpenAIRE

James Levinsohn; Joel Slemrod

1990-01-01

In this paper we develop some simple models of optimal tax and tariff policy in the presence of global corporations that operate in an imperfectly competitive environment. The models emphasize two important differences in the practical application of tax and tariff policy - tax, but not tariff, policy can apply to offshore output and tariff, but not tax, policy can be industry-specific. Recognizing the multinationals' production decisions are endogenous to the tax and tariff policies they fac...

Welfare Effects of Tariff Reduction Formulas

DEFF Research Database (Denmark)

Guldager, Jan G.; Schröder, Philipp J.H.

WTO negotiations rely on tariff reduction formulas. It has been argued that formula approaches are of increasing importance in trade talks, because of the large number of countries involved, the wider dispersion in initial tariffs (e.g. tariff peaks) and gaps between bound and applied tariff rate....... No single formula dominates for all conditions. The ranking of the three tools depends on the degree of product differentiation in the industry, and the achieved reduction in the average tariff....

Support schemes and vertical integration-Who skims the cream?

International Nuclear Information System (INIS)

Ropenus, Stephanie; Jensen, Stine Grenaa

2009-01-01

This paper examines how the effectiveness of feed-in tariffs for distributed generators, producing renewable electricity, depends on industry structure, i.e., vertical integration vs. unbundling. A stylized analytical model with a monopolist and a competitive fringe (distributed generators) will be developed to analyze the impact of feed-in tariffs on renewable power production. The vertically integrated monopolist maximizes profits by setting the electricity price for residual demand and a network access charge incurred by the fringe. The fringe receives a fixed feed-in tariff per unit of electricity produced. Under vertical integration, a rise in the feed-in tariff induces the monopolist to raise access charges for fringe firms and skim part of their additional income. This partially offsets the supply increase of the fringe firms stimulated by the feed-in tariff. However, in the case of effective unbundling with an externally set access charge, there is no possibility for the monopolist to extract part of the fringe's profit. Then, the feed-in tariff fully accrues to the competitive fringe, and its supply will further increase. This setting will be extended to horizontal expansion when the monopolist also enters the renewable production segment. The effects on prices and output will be derived and compared

Tariffs and investments at the Brazilian electric sector; Tarifas e investimentos no setor eletrico brasileiro

Energy Technology Data Exchange (ETDEWEB)

Vela, Jorge Alberto Alcala; Almeida, Denizart do Rosario [ELETROBRAS - Centrais Eletricas Brasileiras, Rio de Janeiro, RJ (Brazil)

2006-07-01

The objective of the work is to identify the impacts of the variations in the tariffs of the electricity on the standard of growth of the consumption of electric energy, and the role that these variations had exerted in the allocation of resources by the companies of the sector, in the period 1995-2004. In this period, changes in the habits of consumption of energy due the adopted during the rationing, explain, in part, the reduction of the income-elasticity of the consumption of electric energy, but the contribution of a significant effect-price was important for this reduction. Also are evidenced, in this work, the categories of use and the regions that had more contributed for this effect. For the allocation of resources, from 1998 a decline of the participation of the investments in the sector in the total of investments of the economy is observed, with the companies of the sector presenting differentiated behaviors visibly. The companies of distribution apparently more privileged for the formation of resources, have presented, in the recent years, a declining evolution in its rate of investments when compared with the others segments. Among the determinative factors of the decisions of investment of the companies of distribution, can be mentioned the change in the standard of growth of the consumption and the effect of the evolution of the opportunity cost of the inversions. (author)

Availability Based Tariff and its impact On different Industry Players-A Review

Science.gov (United States)

Holmukhe, R. M.; Pawar, Yogini; Desai, R. S.; Hasarmani, T. S.

2010-10-01

ABT is a performance-based tariff for the supply of electricity by generators owned and controlled by the central government. It is also a new system of scheduling and dispatch, which requires both generators and beneficiaries to commit to day-ahead schedules. It is a system of rewards and penalties seeking to enforce day ahead pre-committed schedules, though variations are permitted if notified One and one half hours in advance. The order emphasizes prompt payment of dues. ABT (Availability Based Tariff) along with the Electricity Act of 2003 is perhaps the most significant and definitive step taken in the Indian power sector so far to bring more efficiency and focus to this vital infrastructure. The ABT mechanism is based on financial principles. ABT scheme is for unscheduled interchange of power. The paper reviews ABT issues, its components, clauses, mechanism, benefits and the impact of grid on different players like generation utilities, grid operator, consumers involved in power generation, transmission and distribution. While the proposed tariff structure has wide implications for each player, this deals exclusively with the technology challenges/opportunities thrown up by ABT.

Economic assessment group on power transmission and distribution networks tariffs

International Nuclear Information System (INIS)

2000-06-01

Facing the new law on the electric power market liberalization, the french government created an experts group to analyze solutions and assessment methods of the electrical networks costs and tariffs and to control their efficiency. This report presents the analysis and the conclusions of the group. It concerns the three main subjects: the regulation context, the tariffing of the electric power transmission and distribution (the cost and efficiency of the various options) and the tariffing of the electric power supply to the eligible consumers. The authors provide a guideline for a tariffing policy. (A.L.B.)

Valuation-Based Framework for Considering Distributed Generation Photovoltaic Tariff Design: Preprint

Energy Technology Data Exchange (ETDEWEB)

Zinaman, O. R.; Darghouth, N. R.

2015-02-01

While an export tariff is only one element of a larger regulatory framework for distributed generation, we choose to focus on tariff design because of the significant impact this program design component has on the various flows of value among power sector stakeholders. In that context, this paper is organized into a series of steps that can be taken during the design of a DGPV export tariff design. To that end this paper outlines a holistic, high-level approach to the complex undertaking of DGPV tariff design, the crux of which is an iterative cost-benefit analysis process. We propose a multi-step progression that aims to promote transparent, focused, and informed dialogue on CBA study methodologies and assumptions. When studies are completed, the long-run marginal avoided cost of the DGPV program should be compared against the costs imposed on utilities and non-participating customers, recognizing that these can be defined differently depending on program objectives. The results of this comparison can then be weighed against other program objectives to formulate tariff options. Potential changes to tariff structures can be iteratively fed back into established analytical tools to inform further discussions.

The operation of French electric power and natural gas retail markets - Report 2014-2015. Report 2015 by the CRE on the operation of French electricity and natural gas markets - Press file

International Nuclear Information System (INIS)

Monteil, Anne; Casadei, Cecile

2015-11-01

After a presentation of some key figures illustrating the French electricity and natural gas markets (customers, number of providers, and so on), and an executive summary, this voluminous report proposes a presentation of CRE's missions regarding the survey and control of retail markets, and of the methodology adopted to survey retail markets, and a recall of the main steps of electricity market and natural gas market opening. Then, it its first chapter, the report proposes a detailed picture and analysis by the end of 2014 for the electricity retail market, for the natural gas retail market, and a discussion about key process follow-up and power cut-off for unpaid bills. The second chapter addresses supplies and prices. It analyses the levels and evolutions of electricity regulated tariffs, of regulated tariffs for gas sales, and of the various market supplies. The third chapter addresses issues related to competition and to the operation of the retail market: the end of sales regulated tariffs, general framework for the survey of providers' practices, provider price practices, analysis of commercial practices implemented by providers, evolutions of the competitive environment on the retail market. An appendix briefly addresses retail markets and regulated tariffs in Europe. A second report proposes a more synthetic presentation which is used as a press file, proposes an executive summary, and addresses the following issues: status of competition (key data for 2014 and 2015), the end of sales regulated tariffs for professionals as a major step of market opening to competition, favourable regulatory context and market price leading to an intensified competition on the residential market, the preferred market supplies for residential consumers, comparison between fixed price and regulated tariffs, an almost non-existent opening in the competition of local distribution utilities, and regulated tariffs in Europe

Schemes for aggregating preferential tariffs in agriculture,export volume effects and African LDCs

DEFF Research Database (Denmark)

Yu, Wusheng

Trade-weighted aggregated tariffs (TWPT) are often used in analyzing the issues of erosion of non-reciprocal preferences. This paper argues that commonly used TWPTs under-estimate the true protection on imports originated from preference-receiving countries, including LDCs. When used in numerical...... simulations of preference erosion and expansion scenarios, the TWPTs tend to incorrectly downplay preference erosion effect of MFN tariff cuts, and understate the export promotion effect of expanding preferences. In light of these claims, an alternative aggregation scheme is developed to calculate aggregated...... preferential tariffs imposed by a number of developed countries on African LDCs. These are shown to be higher than the TWPTs aggregated from the same disaggregated tariff data set. Numerical simulations conducted with the two sets of aggregated tariffs confirm the two claims and suggest that TWPTs may lead...

A method for the correction of the feed-in tariff price for cogeneration based on a comparison between Croatia and EU Member States

International Nuclear Information System (INIS)

Uran, Vedran; Krajcar, Slavko

2009-01-01

The European Commission has adopted Directive 2004/8/EC on the promotion of cogeneration, which the EU Member States, as well as candidates including Croatia, were obliged to accept. Among other terms and conditions, the Directive requires certain support mechanisms, such as feed-in tariff prices and premiums added to market electricity prices. In this paper, the cost effectiveness of selling electricity at the feed-in tariff prices in the selected EU Member States is compared to selling it on the European electricity market, with or without premiums. The results of this comparison will indicate whether correction of the Croatian feed-in tariff price to a higher value would be justified. The cost effectiveness ratio of a cogeneration unit upgraded with mean reverting and jump diffusion processes is used for comparison. At the end of this paper, a method is suggested for the correction of feed-in tariff prices, with examples of corrected prices for the years 2008 and 2009. Such corrections have been proven to be justified and are compared to the feed-in tariff prices in most of the selected EU Member States.

Derivatives Usage by Non-Financial Firms in Thailand; implications on the hedging strategy

OpenAIRE

Chawla, Veerathep

2007-01-01

This dissertation is the result of the research carried out to investigate the derivatives usage in 65 non-financial companies across 8 specified industries in Thailand. The use of derivatives in Thailand is growing rapidly every year, our survey shows 75% of firms using derivatives in their hedging strategy. There is no significance in the use between Thai and Foreign companies in Thailand, while smaller firms do not use derivatives as much as larger firms, especially large listed companies....

Order of the 27. of January 2011 setting electricity purchase conditions

International Nuclear Information System (INIS)

2011-01-01

This order sets the purchase conditions for electricity produced by installations using mainly the energy released by combustion of vegetal or animal non fossil materials. The articles concern the description of the producer installation, the contracting process, the purchase contract, conditions to be met by the installation, and the definition of tariff indexing. In appendix, the text specifies some calculations rules for energy efficiency and for the purchase tariff. It also indicates some administrative aspects, and atmospheric dismissal conditions

Quebec-USA electricity export contracts

International Nuclear Information System (INIS)

Labbe, J.-F.

1993-06-01

Electricity exports from Hydro-Quebec to utilities in the USA significantly affects the economy and environment of Quebec. These exports may be arranged under interconnection agreements to sell excess capacity and production during off-peak periods or under firm sales contracts. Hydro-Quebec exports could also replace power plants that would otherwise be needed in the USA. The economic environment for Hydro-Quebec exports to the USA is reviewed along with the regulatory environment applicable to international trade (General Agreement on Tariffs and Trade, Canada-USA Free Trade Agreement, North American Free Trade Agreement), Quebec (Canadian federal and provincial law), and the USA (federal and state law). A jurisdictional analysis of power export contracts is then presented, citing examples of contracts already signed by Hydro-Quebec with utilities in New York and New England. Contract law and contract provisions are discussed, including common clauses and particular clauses. Suggestions are made for new clauses that would improve the electricity trade. 215 refs., 13 figs., 3 tabs

The new electric price. Principal changer by the electrical sector law; La nueva tarifa electrica. Principales cambios. Introducidos en la ley del sector electrico

Energy Technology Data Exchange (ETDEWEB)

Gomis Saez, A.

1998-12-01

The article analyzes the changes introduced by the Electricity law, which imply a new economic regulation substantially different to the previous one, and therefore also different to the electricity tariff calculation system, whose elements are the sector various activities costs, the sharing of such costs among the activities and the final assignment to consumers through the tariffs. The article analyses the substantial changes of the new electricity tariff. (Author)

Tariffs on power trading

International Nuclear Information System (INIS)

Van de Water, C.J.

1995-01-01

For optimal use of power systems, transmission services must be independent from production. Moreover the costs of electrical energy transmission should be well known and be paid according to a tariff system approximating to the real network costs. These two conditions for power trading will lead to an optimal power system. In a competitive power production market, the transmission and distribution companies will remain monopolistic because they are the only facilitators of power trading. The pricing signals of the transmission and distribution costs determine the playing field for the competitors. These are production offers and bidders. The transmission pricing must for that reason be simple, correct and based on marginal costs to make optimal use of the system

Analysis of the use of 'standard of housing' criterion in the concession of the social tariff of electric power; Analise do emprego do criterio 'padrao de moradia' na concessao da tarifa social de energia eletrica

Energy Technology Data Exchange (ETDEWEB)

Tavares, Mauricio Lopes; Ferreira, Elnatan Chagas; Dias, Jose Antonio Siqueira [Universidade Estadual de Campinas (DEMIC/UNICAMP), SP (Brazil). Fac. de Engenharia Eletrica e de Computacao. Dept. de Eletronica e Microeletronica], Email: siqueira@demic.fee.unicamp.br

2006-07-01

The question of the electricity's price policy, referred as social tariff, is usually analyzed in terms of the economic sustainability of its application by the concessionaires of public utilities, responsible for its implementation, vis a vis the biggest possible benefit in social terms. To satisfy both of these conditions, it is necessary to definite the criteria that allows to clearly identify the target population who will receive the benefit. This paper analyzes the use of the criterion of 'housing standard' as a criterion for the implementation of the Social Tariff, contributing for the debate on the definition of the social benefits policy for the low-income consumers of electrical energy, currently under revision. (author)

Firm heterogeneity, Rules of Origin and Rules of Cumulation

OpenAIRE

Bombarda , Pamela; Gamberoni , Elisa

2013-01-01

We analyse the impact of relaxing rules of origin (ROOs) in a simple setting with heterogeneous firms that buy intermediate inputs from domestic and foreign sources. In particular, we consider the impact of switching from bilateral to diagonal cumulation when using preferences (instead of paying the MFN tariff) involving the respect of rules of origin. We find that relaxing the restrictiveness of the ROOs leads the least productive exporters to stop exporting. The empirical part confirms thes...

Steepest Ascent Tariff Reform

DEFF Research Database (Denmark)

Raimondos-Møller, Pascalis; Woodland, Alan

2014-01-01

. In undertaking this task, and by focusing on tariff reforms, we introduce the concept of a steepest ascent policy reform, which is a locally optimal reform in the sense that it achieves the highest marginal gain in utility of any feasible local reform. We argue that this reform presents itself as a natural......The policy reform literature is primarily concerned with the construction of reforms that yield welfare gains. By contrast, this paper’s contribution is to develop a theoretical concept for which the focus is upon the sizes of welfare gains accruing from policy reforms rather than upon their signs...... benchmark for the evaluation of the welfare effectiveness of other popular tariff reforms such as the proportional tariff reduction and the concertina rules, since it provides the maximal welfare gain of all possible local reforms. We derive properties of the steepest ascent tariff reform, construct...

Feed-in tariff structure development for photovoltaic electricity and the associated benefits for the Kingdom of Bahrain

Science.gov (United States)

Haji, Shaker; Durazi, Amal; Al-Alawi, Yaser

2018-05-01

In this study, the feed-in tariff (FIT) scheme was considered to facilitate an effective introduction of renewable energy in the Kingdom of Bahrain. An economic model was developed for the estimation of feasible FIT rates for photovoltaic (PV) electricity on a residential scale. The calculations of FIT rates were based mainly on the local solar radiation, the cost of a grid-connected PV system, the operation and maintenance cost, and the provided financial support. The net present value and internal rate of return methods were selected for model evaluation with the guide of simple payback period to determine the cost of energy and feasible FIT rates under several scenarios involving different capital rebate percentages, loan down payment percentages, and PV system costs. Moreover, to capitalise on the FIT benefits, its impact on the stakeholders beyond the households was investigated in terms of natural gas savings, emissions cutback, job creation, and PV-electricity contribution towards the energy demand growth. The study recommended the introduction of the FIT scheme in the Kingdom of Bahrain due to its considerable benefits through a setup where each household would purchase the PV system through a loan, with the government and the electricity customers sharing the FIT cost.

Challenges with the public policy of measuring assets to set tariffs in the electricity sector: should someone benefit and someone be sacrificed?

Directory of Open Access Journals (Sweden)

Maria Elisabeth Moreira Carvalho Andrade

2017-07-01

Full Text Available ABSTRACT This paper contributes by encouraging discussions about the public policy of setting tariffs for public services based on the value of the investment made by the providers of these services. The purpose of this study was, in an unprecedented way and by combining theories of equity valuation and finance, to identify the asset valuation method that can lead to a fair value and balance between an affordable price for the consumer and an adequate return on investment for the concessionaires. The value assigned to these assets affects the tariff in two ways: (i via depreciation/amortization, which affects the cost of service; (ii via the return on investment, which is the portion that corresponds to the investor’s profit. We analyzed the Brazilian electricity sector, in which the rates set by the Brazilian Electricity Regulatory Agency (ANEEL currently use the new replacement value (NRV approach. We carried out empirical tests using data available on the ANEEL website from the second cycle periodic tariff review and information obtained in financial statements from 1995 onwards. The analysis included the NVR and restated historical cost (RHC methods, the latter being updated by the extended consumer price index (IPCA. After the descriptive and statistical analyses, we used the test of means to verify the differences between the variables in terms of NRV vs. RHC. The first conclusion was the absence of a significant difference between the NRV and RHC methods; that is, on average, the replacement price showed no significant difference to what would be the pure and simple restatement of assets. But this was found to hide something relevant, the fact that this average is derived from two main groups: that of the consumers who are paying more for energy services than they should, which constitutes a visible benefit to investors and loss for these consumers, and that of the consumers who are paying less than they should, which benefits them but

Perceived impediments to export involvement among small and medium sized firms : non-exporters perspective

Directory of Open Access Journals (Sweden)

Mercy Mpinganjira

2011-12-01

Full Text Available Purpose: The main purpose of this paper is to examine perceived impediments to export involvement among non-exporting small and medium sized firms (SME's in Malawi. The study also examines levels of interest in exporting among the firms. Problem investigated: Many countries have programs aimed at promoting export involvement among SME's. Despite this, most SME's continue to ignore exporting as a viable business strategy. Information on perceived impediments to export involvement especially from the non-exporters' perspective is often lacking hence the need for this study. Methodology: Data was collected from 80 owner managers of non-exporting SME's. A structured questionnaire was the main instrument used to collect data. Personal interviews were also held with managers for the purposes of probing their answers to the questions in the questionnaire. Statistical Package for Social Science (SPSS version 18 was used to analyse the quantitative data obtained from use of the structured questionnaire. Qualitative data obtained through personal interviews was analysed used thematic analysis. Findings: The findings of the study showed significant levels of interest in exporting among the firms. The majority of the owner managers indicated willingness to exploit export opportunities that may be readily available to them. The findings however showed that just over half of the respondents had discussed or investigated the possibility of exporting before. On impediments to exporting, the findings showed that managers perceive many factors as important impediments to their firm's involvement in exporting. The top two most important impediments were internal to the firm and related to human resource issues. They included insufficient knowledge about export opportunities and lack of personnel knowledgeable in exporting. Originality and value of the research: A review of literature shows that most export promotion studies tend to focus more on issues relating to

14 CFR 221.212 - Special tariff permission.

Science.gov (United States)

2010-01-01

...) When a filer submits an electronic tariff or an amendment to an electronic tariff for which authority... in the Government Filing File and the Filing Advice Status File, and shall be referenced in such a... notice. (b) When a filer submits an electronic tariff or an amendment to the electronic tariff for which...

Assessing the impact of changes in the electricity price structure on dairy farm energy costs

International Nuclear Information System (INIS)

Upton, J.; Murphy, M.; Shalloo, L.; Groot Koerkamp, P.W.G.; De Boer, I.J.M.

2015-01-01

Highlights: • Choosing electricity tariffs with a low off-peak rate results in financial savings. • Cost saving potential within an electricity tariff is the greatest on large farms. • Earlier AM milking with later PM milking helps reduce electricity consumption. - Abstract: This study aims to provide information on the changes in electricity consumption and costs on dairy farms, through the simulation of various electricity tariffs that may exist in the future and how these tariffs interact with changes in farm management (i.e. shifting the milking operation to an earlier or later time of the day). A previously developed model capable of simulating electricity consumption and costs on dairy farms (MECD) was used to simulate five different electricity tariffs (Flat, Day and Night, Time of Use Tariff 1 (TOU1), TOU2 and Real Time Pricing (RTP)) on three representative Irish dairy farms: a small farm (SF), a medium farm (MF) and a large farm (LF). The Flat tariff consisted of one electricity price for all time periods, the Day and Night tariff consisted of two electricity prices, a high rate from 09:00 to 00:00 h and a low rate thereafter. The TOU tariff structure was similar to that of the Day and Night tariff except that a peak price band was introduced between 17:00 and 19:00 h. The RTP tariff varied dynamically according to the electricity demand on the national grid. The model used in these simulations was a mechanistic mathematical representation of the electricity consumption that simulated farm equipment under the following headings; milk cooling system, water heating system, milking machine system, lighting systems, water pump systems and the winter housing facilities. The effect of milking start time was simulated to determine the effect on electricity consumption and costs at farm level. The earliest AM milking start time and the latest PM milking start time resulted in the lowest energy consumption. The difference between the lowest and highest

Optimal pricing of non-utility generated electric power

International Nuclear Information System (INIS)

Siddiqi, S.N.; Baughman, M.L.

1994-01-01

The importance of an optimal pricing policy for pricing non-utility generated power is pointed out in this paper. An optimal pricing policy leads to benefits for all concerned: the utility, industry, and the utility's other customers. In this paper, it is shown that reliability differentiated real-time pricing provides an optimal non-utility generated power pricing policy, from a societal welfare point of view. Firm capacity purchase, and hence an optimal price for purchasing firm capacity, are an integral part of this pricing policy. A case study shows that real-time pricing without firm capacity purchase results in improper investment decisions and higher costs for the system as a whole. Without explicit firm capacity purchase, the utility makes greater investment in capacity addition in order to meet its reliability criteria than is socially optimal. It is concluded that the non-utility generated power pricing policy presented in this paper and implied by reliability differentiated pricing policy results in social welfare-maximizing investment and operation decisions

18 CFR 341.9 - Index of tariffs.

Science.gov (United States)

2010-04-01

... 18 Conservation of Power and Water Resources 1 2010-04-01 2010-04-01 false Index of tariffs. 341.9... SUBJECT TO SECTION 6 OF THE INTERSTATE COMMERCE ACT § 341.9 Index of tariffs. (a) In general. Each carrier must publish as a separate tariff publication under its FERC Tariff numbering system, a complete index...

Effects of long-term contracts on firms exercising market power in transmission constrained electricity markets

International Nuclear Information System (INIS)

Nam, Young Woo; Yoon, Yong Tae; Park, Jong-Keun; Hur, Don; Kim, Sung-Soo

2006-01-01

The electricity markets with only few large firms are often vulnerable to less competitive behaviors than the desired. The presence of transmission constraints further restrict the competition among firms and provide more opportunities for firms to exercise market power. While it is generally acknowledged that the long-term contracts provide good measures for mitigating market power in the spot market (thus reducing undesired price spikes), it is not even more clear how effective these contracts are if the market is severely limited due to transmission constraints. In this paper, an analytical approach through finding a Nash equilibrium is presented to investigate the effects of long-term contracts on firms exercising market power in a bid-based pool with transmission constraints. Surprisingly the analysis in this paper shows that the presence of long-term contracts may result in the reduced expected social welfare. A straightforward consequence of the analysis presented in this paper will be helpful for the regulators in Korea to reconsider offering vesting contracts to generating companies in the near future. (author)

Adoption of Emissions Abating Technologies by U.S. Electricity Producing Firms Under the SO2 Emission Allowance Market

Science.gov (United States)

Creamer, Gregorio Bernardo

The objective of this research is to determine the adaptation strategies that coal-based, electricity producing firms in the United States utilize to comply with the emission control regulations imposed by the SO2 Emissions Allowance Market created by the Clean Air Act Amendment of 1990, and the effect of market conditions on the decision making process. In particular, I take into consideration (1) the existence of carbon contracts for the provision of coal that may a affect coal prices at the plant level, and (2) local and geographical conditions, as well as political arrangements that may encourage firms to adopt strategies that appear socially less efficient. As the electricity producing sector is a regulated sector, firms do not necessarily behave in a way that maximizes the welfare of society when reacting to environmental regulations. In other words, profit maximization actions taken by the firm do not necessarily translate into utility maximization for society. Therefore, the environmental regulator has to direct firms into adopting strategies that are socially efficient, i.e., that maximize utility. The SO 2 permit market is an instrument that allows each firm to reduce marginal emissions abatement costs according to their own production conditions and abatement costs. Companies will be driven to opt for a cost-minimizing emissions abatement strategy or a combination of abatement strategies when adapting to new environmental regulations or markets. Firms may adopt one or more of the following strategies to reduce abatement costs while meeting the emission constraints imposed by the SO2 Emissions Allowance Market: (1) continue with business as usual on the production site while buying SO2 permits to comply with environmental regulations, (2) switch to higher quality, lower sulfur coal inputs that will generate less SO2 emissions, or (3) adopting new emissions abating technologies. A utility optimization condition is that the marginal value of each input

An analysis of cross-sectional differences in big and non-big public accounting firms' audit programs

NARCIS (Netherlands)

Blokdijk, J.H. (Hans); Drieenhuizen, F.; Stein, M.T.; Simunic, D.A.

2006-01-01

A significant body of prior research has shown that audits by the Big 5 (now Big 4) public accounting firms are quality differentiated relative to non-Big 5 audits. This result can be derived analytically by assuming that Big 5 and non-Big 5 firms face different loss functions for "audit failures"

Non-Precautionary Cash Hoarding and the Evolution of Growth Firms

NARCIS (Netherlands)

Boot, A.W.A.; Vladimirov, V.

2016-01-01

The starting point of our paper is the question: Should a growth firm hoard cash to reduce dilution associated with external financing (by self-financing more) if this means delaying its existing investment opportunity? The analysis of such non-precautionary hoarding gives a stark contrast to the

Using the latent class approach to cluster firms in benchmarking: An application to the US electricity transmission industry

Directory of Open Access Journals (Sweden)

Manuel Llorca

2014-03-01

Full Text Available In this paper we advocate using the latent class model (LCM approach to control for technological differences in traditional efficiency analysis of regulated electricity networks. Our proposal relies on the fact that latent class models are designed to cluster firms by uncovering differences in technology parameters. Moreover, it can be viewed as a supervised method for clustering data that takes into account the same (production or cost relationship that is analysed later, often using nonparametric frontier techniques. The simulation exercises show that the proposed approach outperforms other sample selection procedures. The proposed methodology is illustrated with an application to a sample of US electricity transmission firms for the period 2001–2009.

Performance of Patenting Firms

DEFF Research Database (Denmark)

Madsen, Erik Strøjer; Smith, Valdemar; Nielsen, Anders Østergaard

2000-01-01

Most countries focus on industries with high technology and the governments grant subsidies to innovating firms. However, there has been remarkable few studies of the performance of innovative firms or industries. This study examines the performance of patent active firms compared to the non-patenting...... firms within the manufacturing sector in Denmark. Performance is measured both by growth in employment as well as in the return on equity and profit share in turnover. The results suggest that differences in performance of patenting and non-patenting firms are very small, which questions the political...

Will we be heating with green electricity tomorrow? The large potential of load-variable private customer tariffs; Heizen wir kuenftig mit Oekostrom? Das grosse Potenzial lastvariabler Privatkundentarife

Energy Technology Data Exchange (ETDEWEB)

Zierdt, Tobias; Lang, Dirk [RWE Effizienz GmbH, Dortmund (Germany)

2012-09-15

Momentous changes loom ahead for Germany's energy supply system as a result of the energy turnaround. One central question is how load peaks from renewable energy plants can be conveniently accommodated on the demand side. Two research projects are currently being carried out to examine the acceptance of time-variable and load-variable tariffs for private households. First results show that using green electricity for heat generation is significantly more attractive for both customers and energy suppliers than using it to cover day-to-day electricity demand at a later time.

The new tariffs for photovoltaic power

International Nuclear Information System (INIS)

Houot, G.

2010-01-01

The new tariffs for the purchase of photovoltaic electricity were published by French authorities in January 2010. This new framework is more constraining and the tariffs are lower. For installations integrated to the building: 0.580 euros/kWh (instead of 0.602 euros/kWh) for buildings dedicated to accommodation and buildings over 2 years of age dedicated to teaching and health; 0.500 euros/kWh (instead of 0.602 euros/kWh) for other old buildings with 4 walls and a roof; 0.420 euros/kWh (instead of 0.602 euros/kWh) for installations over 3 kWc on new buildings with a roof (but not necessarily with 4 walls) dedicated to any use except accommodation. For other installations: -)in the country: 0.314 euros/kWh (instead of 0.328 euros/kWh) for installations below 250 kWc and from 0.310 to 0.377 euros/kWh (instead of 0.328 euros/kWh) for installations over 250 kWc; -) in Corsica and DOM-COM: 0.400 euros/kWh (instead of 0.438 euros/kWh). (A.C.)

The new tariff model based on marginal costs developing concept for Brazilian electric sector. A case study for Power and Light Company of Sao Paulo State (Brazil)

International Nuclear Information System (INIS)

Correia, S.P.S.

1991-01-01

A new methodology for power generation cost accounts in Brazilian electric sector is described, with the application of marginal costs theory and its deviation in developing economies. A case report from a Brazilian Power and Light Company is studied, focalizing the seasoning, the planning, the tariff model and the power generation, transmission and distribution. (M.V.M.). 19 refs, 28 figs, 1 tab

Measurement of mango firmness by non-destructive limited compression technique

NARCIS (Netherlands)

Penchaiya, P.; Uthairatanakij, A.; Srilaong, V.; Kanlayanarat, S.; Tijskens, L.M.M.; Tansakul, A.

2015-01-01

Thai mango 'Nam Dok Mai Si-Thong' has an attractive golden yellow skin colour even in immature fruit, not ready for consumption. Firmness becomes an important quality attribute to assess the ripening stage of the fruit during storage. In this study, the possibility of a non-destructive method

Alternatives to electricity for transmission and annual-scale firming - Storage for diverse, stranded, renewable energy resources: hydrogen and ammonia

Energy Technology Data Exchange (ETDEWEB)

Leighty, William

2010-09-15

The world's richest renewable energy resources 'of large geographic extent and high intensity' are stranded: far from end-users with inadequate or nonexistent gathering and transmission systems to deliver energy. Output of most renewables varies greatly, at time scales of seconds-seasons: energy capture assets operate at low capacity factor; energy delivery is not 'firm'. New electric transmission systems, or fractions thereof, dedicated to renewables, suffer the same low CF: substantial stranded capital assets, increasing the cost of delivered renewable-source energy. Electricity storage cannot affordably firm large renewables at annual scale. Gaseous hydrogen and anhydrous ammonia fuels can: attractive alternatives.

CIMOSA process classification for business process mapping in non-manufacturing firms: A case study

Science.gov (United States)

Latiffianti, Effi; Siswanto, Nurhadi; Wiratno, Stefanus Eko; Saputra, Yudha Andrian

2017-11-01

A business process mapping is one important means to enable an enterprise to effectively manage the value chain. One of widely used approaches to classify business process for mapping purpose is Computer Integrated Manufacturing System Open Architecture (CIMOSA). CIMOSA was initially designed for Computer Integrated Manufacturing (CIM) system based enterprises. This paper aims to analyze the use of CIMOSA process classification for business process mapping in the firms that do not fall within the area of CIM. Three firms of different business area that have used CIMOSA process classification were observed: an airline firm, a marketing and trading firm for oil and gas products, and an industrial estate management firm. The result of the research has shown that CIMOSA can be used in non-manufacturing firms with some adjustment. The adjustment includes addition, reduction, or modification of some processes suggested by CIMOSA process classification as evidenced by the case studies.

Report on gas sales regulated tariffs of GDF Suez. Audit of supply costs and of non-supply related costs - May 2015. Deliberation of the Commission for Energy Regulation of the 13 May 2015 bearing approval of the report of analysis of supply and non-supply related costs used as a basis for the calculation of the evolution of natural gas sales regulated tariffs of GDF Suez

International Nuclear Information System (INIS)

Gassin, Helene; Padova, Yann; Sotura, Jean-Pierre; Monteil, Anne; Casadei, Cecile

2015-05-01

After a presentation of the context and objectives of works performed by the CRE (the French commission for energy regulation), and a synthetic presentation of the main conclusions, this report first proposes an assessment for 2014 by presenting and discussing the fact that regulated tariffs have followed a downward trend since the beginning of 2014, that sales at regulated tariffs have strongly decreased, and that GDF Suez costs have been covered by revenues from sales at regulated tariffs. The second part proposes an analysis of the evolution perspectives for supply costs by commenting the calculation formula, the difference between gas market price and LT contract prices, the always stronger indexing of contracts on gas market prices. The last part addresses the perspectives of evolution of non-supply related costs by commenting the taking of infrastructure cost evolution into account, the steadiness of provisional commercial costs, and the consequence of the customer portfolio evolution on the distribution of commercial force costs. Some recommendations are made on the evolution perspectives for supply and non-supply related costs, and on the modalities of assignment of commercial costs among the different types of customers (regulated tariffs or market price)

Non-invasive estimation of firmness in apple using VIS/NIR spectroscopy

DEFF Research Database (Denmark)

Martinez Vega, Mabel Virginia; Wulfsohn, Dvora-Laio; Toldam-Andersen, Torben Bo

2012-01-01

Better and steady fruit quality evaluation at harvest is a major challenge for commercial growers of apples in Denmark. Those fruits not meeting the requirements for the fresh market traditionally go to the juice concentrate industry where low cost products are obtained. Special fruit qualities...... are needed to develop commodities that can obtain a premium added value on the market. Nowadays in the food industry, quality evaluation is commonly performed non-destructively by means of optical sensors such as spectrometers, hyperspectral and multispectral cameras, that allow rapid measurements of fruit...... as for eating apples. Invasive and non-invasive measurements of firmness, on the shaded and exposed side of the fruits were carried out for three Danish apple cultivars of known commercial usage. Resulting data determined wavelengths between 415 to 715 nm to be predictive for firmness. A PLS model for all three...

Financial Flexibility in Highly Regulated Market: Indonesian Telecommunication Case during Tariff Pricing War

Directory of Open Access Journals (Sweden)

Y. Arief Rijanto

2015-08-01

Full Text Available In year 2008, regulation of Indonesian telecommunicationindustries changes due the tariff pricing war within Telecommunication opera-tor. This regulation tie up the telecommunication operator and affect operating revenue margin.The needs of financial flexibility within tele-communication firm is increased.Capex, operating revenue and reinvestment needs to be flexible must be inline with competition and change of technology. This paper goals is measuring financial flexibility based on Capex, operating revenue and re-investment needs.Reinvestment needs by Telecommunication operator can be financed with or without financial flexibility. Data from year 2007 up to 2014 is selec-ted to accommodate before and after changes of telecommunication regulation. The regulation effect to financial flexibility of telecommu-nication firm is still relevantbecause telecommunication industries by nature needs larger capital to re-new the telecommunication technology. Real options method will be used to measure financial flexibility.

Founder Control, Ownership Structure and Firm Value: Evidence from Entrepreneurial Listed Firms in China

Directory of Open Access Journals (Sweden)

Lijun Xia

2008-06-01

Full Text Available In emerging markets, the deviation between the ultimate controlling shareholders' voting rights and their cash flow rights (hereafter “DVC” in the listed firms is quite prevalent. DVC could be introduced due to the ultimate controlling shareholders' opportunistic incentives, as well as by their incentives to improve firm efficiency. This study uses 229 listed firms ultimately controlled by individuals or families (hereafter “entrepreneurial firms” for 2004 in China, to investigate the effect of DVC on firm value and to determine whether it is different between founder and non-founder controlled firms. We find that DVC has a positive effect on firm value for founder controlled firms. This result implies that investors believe that their interests are better protected by founder controlled firms than by non-founder controlled firms.

49 CFR 1312.8 - Identification of tariff publication.

Science.gov (United States)

2010-10-01

... 49 Transportation 9 2010-10-01 2010-10-01 false Identification of tariff publication. 1312.8... THE PUBLICATION, POSTING AND FILING OF TARIFFS FOR THE TRANSPORTATION OF PROPERTY BY OR WITH A WATER CARRIER IN NONCONTIGUOUS DOMESTIC TRADE § 1312.8 Identification of tariff publication. (a) Every tariff...

An Empirical Study of Critical Soft Factors for Quality Improvement in The Electrical and Electronics Firms in Malaysia

Directory of Open Access Journals (Sweden)

Muhammad Madi Abdullah

2009-03-01

Full Text Available Soft factors are important aspect that sustains the organizations in their efforts towards continuous quality improvement (QI and customer satisfaction. The conventional wisdom states that quality improvement in organizations increases profits and productivity. Therefore, the aim of the paper is to examine the influence of critical soft factors (CSF on quality improvement (QI. For that purpose, this study examine: (i the relationship between the CSF and QI and (ii to what extent the six CSF explain QI. The study used survey data from 255 electrical and electronics (E&E firms in Malaysia. The individual managers representing the each firm made the unit of analysis of the study. The finding reveals that QI was significantly influenced by the following soft factors: management commitment, customer focus, employee involvement, training & education, and reward & recognition. Supplier relationship was not a significant predictor of quality improvement. Finally, this study has empirically shown that quality improvement will increase when the organizations emphasize more on soft factors.Keywords: Critical soft factors, quality improvement, Electrical and Electronics firms

The effects of government bond purchases on leverage constraints of banks and non-financial firms

OpenAIRE

Kühl, Michael

2016-01-01

This paper investigates how government bond purchases affect leverage-constrained banks and non-financial firms by utilising a stochastic general equilibrium model. My results indicate that government bond purchases not only reduce non-financial firms' borrowing costs, amplified through a reduction in expected defaults, but also lower banks' profit margins. In an economy in which loans priced at par dominate in banks' balance sheets - as a reflection of the euro area's structure - the leverag...

Effect of non-tariff barriers on secondary processed wood product trade: New Zealand exports to the United States, China and Japan

Science.gov (United States)

James A. Turner; Joseph Buongiorno; Shushuai Zhu; Frances Maplesden

2008-01-01

Secondary processed wood products - builder's carpentry and joinery, moldings and millwork, wooden furniture, and prefabricated buildings - have grown significantly in importance in the global trade of wood products. At the same time there has been increased use of non-tariff barriers to restrict their trade.  These barriers could have an important impact on the...

Inference from concave stochastic frontiers and the covariance of firm efficiency measures across firms

International Nuclear Information System (INIS)

Dashti, Imad

2003-01-01

This paper uses a Bayesian stochastic frontier model to obtain confidence intervals on firm efficiency measures of electric utilities rather than the point estimates reported in most previous studies. Results reveal that the stochastic frontier model yields imprecise measures of firm efficiency. However, the application produces much more precise inference on pairwise efficiency comparisons of firms due to a sometimes strong positive covariance of efficiency measures across firms. In addition, we examine the sensitivity to functional form by repeating the analysis for Cobb-Douglas, translog and Fourier frontiers, with and without imposing monotonicity and concavity

Responsiveness of residential electricity demand to dynamic tariffs: Experiences from a large field test in the Netherlands

OpenAIRE

Klaassen, EAM; Kobus, C.B.A.; Frunt, J; Slootweg, JG

2016-01-01

To efficiently facilitate the energy transition it is essential to evaluate the potential of demand response in practice. Based on the results of a Dutch smart grid pilot, this paper assesses the potential of both manual and semi-automated demand response in residential areas. To stimulate demand response, a dynamic tariff and smart appliances were used. The participating households were informed about the tariff day-ahead through a home energy management system, connected to a display instal...

47 CFR 69.3 - Filing of access service tariffs.

Science.gov (United States)

2010-10-01

... tariff becomes effective, if such company or companies did not file such a tariff in the preceding... two-year period. Such tariffs shall be filed with a scheduled effective date of July 1. Such tariff... section shall not preclude the filing of revisions to those annual tariffs that will become effective on...

Electricity pricing policy and rational energy use and conservation

International Nuclear Information System (INIS)

Faure-Mallen, A.

1995-01-01

With a threefold combination of rate system /R and D industrial policy/ communication and information for customers, the French electrical system appears as a major actor in Demand Side Management. Especially, the electricity tariffs are a cost reflective rate system which had been implemented and adapted over several decades with an efficient impact on national electricity load curve. As a part of IRP (integrated resources planning), within the global regulation of the energy supply and demand system, tariffs based on marginal costs have a double function: 1) tariffs reflect costs of different kind of supplies; 2) tariffs are an economic signal for customers. These pricing principles alone provide incentive for energy savings through peak-day-demand-reduction of transfer to less costly off-peak period, when they are economically sound

Analysis of the use of 'standard of housing' criterion in the concession of the social tariff of electric power; Analise do emprego do criterio 'padrao de moradia' na concessao da tarifa social de energia eletrica

Energy Technology Data Exchange (ETDEWEB)

Tavares, Mauricio Lopes; Ferreira, Elnatan Chagas; Dias, Jose Antonio Siqueira [Universidade Estadual de Campinas (DEMIC/UNICAMP), SP (Brazil). Fac. de Engenharia Eletrica e de Computacao. Dept. de Eletronica e Microeletronica], Email: siqueira@demic.fee.unicamp.br

2006-07-01

The question of the electricity's price policy, referred as social tariff, is usually analyzed in terms of the economic sustainability of its application by the concessionaires of public utilities, responsible for its implementation, vis a vis the biggest possible benefit in social terms. To satisfy both of these conditions, it is necessary to definite the criteria that allows to clearly identify the target population who will receive the benefit. This paper analyzes the use of the criterion of 'housing standard' as a criterion for the implementation of the Social Tariff, contributing for the debate on the definition of the social benefits policy for the low-income consumers of electrical energy, currently under revision. (author)

Electric power social tariff: an environment of breach of contract, supply cuts and survival strategies; Tarifa social de energia eletrica: um ambiente de inadimplencia, cortes de fornecimento e estrategias de sobrevivencia

Energy Technology Data Exchange (ETDEWEB)

Nunes Filho, Fernando Barreto; Nunes, Fernando Barreto; Nunes, Rina Azaryah Barreto. E-mail: fnunes@coelba.com.br

2002-07-01

This paper gives a contribution to the present debate on the electric power social tariff, focusing the maximum kWh level, for the payment difficulties of that client, and the client-concessionaire relationship. Initially, a theoretical basis is presented highlighting the role of the social stratification existent in the urban environment.

Experience of electric power conservation in COELBA (Bahia Electric Company)

International Nuclear Information System (INIS)

Bastos, A.C.F.

1990-01-01

The electric power crisis of Brazilian north-east in 1987 imposes the Bahia Electric Company-COELBA to management a electric power conservation. The institutional, organizational and operational aspects are presented, including the tariff system, the market, the consumption and the relation with public. (author)

Tariff-Tax Reforms and Market Access

DEFF Research Database (Denmark)

Kreickemeier, Udo; Raimondos-Møller, Pascalis

2006-01-01

Reducing tariffs and increasing consumption taxes is a standard IMF advice to countries that want to open up their economy without hurting government finances. Indeed, theoretical analysis of such a tariff-tax reform shows an unambiguous increase in welfare and government revenues. The present pa...... efficient proposal to follow both as far as it concerns market access and welfare.JEL code: F13, H20.Keywords: Market access; tariff reform, consumption tax reform....

14 CFR 399.35 - Special tariff permission.

Science.gov (United States)

2010-01-01

... PROCEEDINGS) POLICY STATEMENTS STATEMENTS OF GENERAL POLICY Policies Relating to Rates and Tariffs § 399.35 Special tariff permission. (a) Definition. As used in this section, to grant STP means to approve a... 14 Aeronautics and Space 4 2010-01-01 2010-01-01 false Special tariff permission. 399.35 Section...

Financial Flexibility in Highly Regulated Market: Indonesian Telecommunication Case during Tariff Pricing War

Directory of Open Access Journals (Sweden)

Y. Arief Rijanto

2016-07-01

Full Text Available In year 2008, regulation of Indonesian telecommunicationindustries changes due the tariff pricing war within Telecommunication operator. This regulation tie up the telecommunication operator and affect operating revenue margin.The needs of financial flexibility within tele communication firm is increased.Capex, operating revenue and reinvestment needs to be flexible must be inline with competition and change of technology. This paper goals is measuring financial flexibility based on Capex, operating revenue and re-investment needs.Re-investment needs by Telecommunication operator can be financed with or without financial flexibility. Data from year 2007 up to 2014 is selected to accommodate before and after changes of telecommunication regulation. The regulation effect to financial flexibility of telecommunication firm is still relevantbecause telecommunication industries by nature needs larger capital to re-new the telecommunication technology. Real options method will be used to measure financial flexibility.Keywords: Financial flexibility, Price war, Telecommunication Regulation, Real Option

Study of solar electric production potential in the Herault district

International Nuclear Information System (INIS)

Dubois, Anthony; Baldini, Florent; Bruant, Marc; Bouchet, Jean-Alain; Bouzige, Romain

2010-06-01

The first part of this report presents various contextual issues: general context (commitments in production with renewable energies, aspects related to the national electric production, electric production and consumption in the Languedoc-Roussillon region), analysis of techniques and sectors of solar electric production (inventory of available or being developed technical and industrial sectors, potential environmental impacts), economic analysis of photovoltaic techniques (purchase tariffs, other financing sources, grid parity, installation costs, application to case study), and regulatory and administrative procedures. The second part reports a regional approach of this study: characterisation of the raw solar resource, territorial sensitivity analysis (influence of various factors: technical, geological, hydro-geological, urban, environmental, related to landscape, heritage and natural environment), definition of a territorial sensitivity grid. The third part reports the definition of the solar production potential: on buildings, in man-made locations (mines, landfills, industrial wastelands), and in ordinary non-built spaces. Appendices propose detailed economic data for case studies, presentations of purchase tariffs in 2010, and presentations of existing installations

Consumer benefits and solutions in open electricity markets

International Nuclear Information System (INIS)

Kapetanovic, T.

2003-01-01

Liberalization of electricity markets aims at fostering competitiveness of economy, reducing costs and improving quality. These goals introduce new opportunities and require adequate solutions for the position of consumers. Transparent pricing and tariffs, freedom to choose a supplier, a possibility to decide on preferred primary source, e.g. renewables, are some of the benefits. Security, reliability and quality of supply are a challenge in the unbundled environment, to be solved accordingly as well as the non-discrimination, access and connection to the grid. The paper presents consumer-related experiences in liberalized electricity markets, based on the developments in Austria since the full market opening on October 1, 2001. The issues covered include grid access, consumer switching, price and tariff developments. The concept of incentive and quality-regulation is mentioned briefly, concluding with security of supply issues and impacts of the European Union legislation.(author)

Non-preferential Trading Clubs

DEFF Research Database (Denmark)

Raimondos-Møller, Pascalis; Woodland, Alan D.

2006-01-01

This paper examines the welfare implications of non-discriminatory tariff reforms by a subset of countries, which we term a non-preferential trading club. We show that there exist coordinated tariff reforms, accompanied by appropriate income transfers between the member countries, that unambiguou......This paper examines the welfare implications of non-discriminatory tariff reforms by a subset of countries, which we term a non-preferential trading club. We show that there exist coordinated tariff reforms, accompanied by appropriate income transfers between the member countries...

Pay for load demand - electricity pricing with load demand component

International Nuclear Information System (INIS)

Pyrko, Jurek; Sernhed, Kerstin; Abaravicius, Juozas

2003-01-01

This publication is part of a project called Direct and Indirect Load Control in Buildings. Peak load problems have attracted considerable attention in Sweden during last three winters, caused by a significant decrease in available reserve power, which is a consequence of political decisions and liberalisation of the electricity market. A possible way to lower peak loads, avoiding electricity shortages and reducing electricity costs both for users and utilities, is to make customers experience the price difference during peak load periods and, in this way, become more aware of their energy consumption pattern and load demand. As of January 1st 2001, one of the Swedish energy utilities - Sollentuna Energi - operating in the Stockholm area, introduced a new electricity tariff with differentiated grid fees based on a mean value of the peak load every month. This tariff was introduced for all residential customers in the service area. The objective of this study is to investigate the extent to which a Load Demand Component, included in electricity pricing, can influence energy use and load demand in residential buildings. What are the benefits and disadvantages for customers and utilities? This paper investigates the impact of the new tariff on the utility and different types of typical residential customers, making comparisons with previous tariff. Keywords Load demand, electricity pricing, tariff, residential customers, energy behaviour

The Effects of Firm-Specific Factors on the Profitability of Non-Life Insurance Companies in Turkey

OpenAIRE

Kaya, Emine Öner

2015-01-01

This study investigates the firm-specific factors affecting the profitability of non-life insurance companies operating in Turkey. For this purpose, data of 24 non-life insurance companies operating in Turkey from the period 2006–2013 were brought together to obtain 192 observed panel data sets. In this study, profitability is measured by two different variables: technical profitability ratio and sales profitability ratio. According to the empirical results, the firm-specific factors affecti...

Proceedings of the Fourth Forum: Energy Day of Croatia, Prices and Tariff Policy in Energy Supply; Zbornik radova Cetvrtoga foruma: Dan energije u Hrvatskoj, Cijene i tarifna politika u energetici

Energy Technology Data Exchange (ETDEWEB)

NONE

1996-12-31

The principle topic of the four Forums ``Croatian Energy Day`` was ``prices and tariff policy in energy supply``. 23 papers were presented, which were subdivided into four groups: 16th World Energy Council Congress, planning and prices in energetics, oil and natural gas prices and tariffs, and electric energy prices and tariffs.

Optimal reconfiguration-based dynamic tariff for congestion management and line loss reduction in distribution networks

DEFF Research Database (Denmark)

Huang, Shaojun; Wu, Qiuwei; Cheng, Lin

2016-01-01

This paper presents an optimal reconfiguration-based dynamic tariff (DT) method for congestion management and line loss reduction in distribution networks with high penetration of electric vehicles. In the proposed DT concept, feeder reconfiguration (FR) is employed through mixed integer programm...

Non-invasive estimation of firmness in apple fruit using VIS/NIR spectroscopy

DEFF Research Database (Denmark)

Martínez, M.; Wulfsohn, Dvora-Laio; Toldam-Andersen, Torben Bo

2012-01-01

Better and steady fruit quality evaluation at harvest is a major challenge for commercial growers of apples in Denmark. Those fruits not meeting the requirements for the fresh market traditionally go to the juice concentrate industry where low cost products are obtained. Special fruit qualities...... are needed to develop commodities that can obtain a premium added value on the market. Nowadays in the food industry, quality evaluation is commonly performed non-destructively by means of optical sensors such as spectrometers, hyperspectral and multispectral cameras, that allow rapid measurements of fruit...... as for eating apples. Invasive and non-invasive measurements of firmness, on the shaded and exposed side of the fruits were carried out for three Danish apple cultivars of known commercial usage. Resulting data determined wavelengths between 415 to 715 nm to be predictive for firmness. A PLS model for all three...

Electricity demand and storage dispatch modeling for buildings and implications for the smartgrid

Science.gov (United States)

Zheng, Menglian; Meinrenken, Christoph

2013-04-01

As an enabler for demand response (DR), electricity storage in buildings has the potential to lower costs and carbon footprint of grid electricity while simultaneously mitigating grid strain and increasing its flexibility to integrate renewables (central or distributed). We present a stochastic model to simulate minute-by-minute electricity demand of buildings and analyze the resulting electricity costs under actual, currently available DR-enabling tariffs in New York State, namely a peak/offpeak tariff charging by consumed energy (monthly total kWh) and a time of use tariff charging by power demand (monthly peak kW). We then introduce a variety of electrical storage options (from flow batteries to flywheels) and determine how DR via temporary storage may increase the overall net present value (NPV) for consumers (comparing the reduced cost of electricity to capital and maintenance costs of the storage). We find that, under the total-energy tariff, only medium-term storage options such as batteries offer positive NPV, and only at the low end of storage costs (optimistic scenario). Under the peak-demand tariff, however, even short-term storage such as flywheels and superconducting magnetic energy offer positive NPV. Therefore, these offer significant economic incentive to enable DR without affecting the consumption habits of buildings' residents. We discuss implications for smartgrid communication and our future work on real-time price tariffs.

Time- and place dependent tariffs

International Nuclear Information System (INIS)

Wangensteen, I.; Feilberg, N.; Hornnes, K.S.

1996-11-01

To study the variation of the marginal losses in the Norwegian regional and distribution networks, a stylized radial network and an existing network example were analyzed as described in this report. The main conclusion is that the marginal-cost (the marginal losses) varies with time and place in a way that is little reflected in the energy components of the transfer- and distribution tariffs. The difference between the actual marginal-cost at a given time at a given place and the transport price that confronts an actor through the tariffs is so large that one must ask if there is any point in basing a price on marginal-cost as long as today's calculation methods are used. The problem varies somewhat between the network levels. In the distribution network the range of variation is large within the same voltage level/tariff level. If the situation improves, a time differentiation is still required. A further improvement can be obtained by a place differentiation, for example by differentiation between densely and sparsely populated areas. However, this is difficult to realize. In the central network the problem is the same, but it is easier technically and administratively to arrive at a more correct arrangement. In practice there are no great problems in differentiating the price down to individual bus bars. This would relate input and output tariffs more correctly and logically. If time differentiation is intended to capture load variations, it seems that certain improvements are possible in the present classification. It appears that spring and autumn should stand apart as one period. Furthermore, the marginal loss tariff should be based on the water supply situation at the beginning of the tariff period. 10 refs., 13 figs., 17 tabs

Getting a grip on tariffs and subsidies

International Nuclear Information System (INIS)

Mitchell, C.

1993-01-01

The tariff and subsidy support available for windpower producers in Denmark, the Netherlands, Germany and the U.K. is compared. Tariffs and subsidies, along with the availability of finance, are important supportive factors in the development of wind energy in Europe. The available tariffs, subsidies and financing mechanisms available in a country determines how the wind energy programme develops. (author)

New tariffs confuse Mexican market

International Nuclear Information System (INIS)

Coeyman, M.

1992-01-01

Indelpro - the Grupo Alfa/Himont joint venture 150,000-m.t./year polypropylene (PP) plant in Altamira, Mexico - has been working to find its place in the Mexican market since coming onstream in March. At the same time, that market has been complicated by the imposition of import and export tariffs by the U.S. Department of Commerce early this fall. Commerce's accession to a 10% ad valorem tax on US PP exports to Mexico surprised some industry observers. The tariff is scheduled to be phased out within 10 years and is partly countermanded by a 5% tariff over a five-year period on Mexican PP exports to the US. But some market analysts say the arrangement is baffling

Report made on behalf of the commission of economic affairs, environment and territory about the proposal of law, adopted in second lecture with modifications by the Senate, relative to the electricity and natural gas regulated tariffs

International Nuclear Information System (INIS)

2008-01-01

This text is the conclusion of a long parliamentary procedure with several debates about electricity and natural gas prices, for both individual users and companies. The first article of the proposal of law relative to regulated electricity and gas tariffs, is the only one that remains to be discussed, and concerns the households and the companies with a low power consumption. Examined first at the Senate on October 1, 2007, this proposal of law was debated at the House of Commons on December 11, 2007 and modified for one important point: the possibility for households who have made the choice of a de-regulated energy supplier to change back and benefit again of the regulated tariffs. The adoption of this amendment has led to make some adjustments in the proposal of law which are presented in this document. (J.S.)

Welfare-Ranking Ad Valorem and Specific Tariffs under Monopolistic Competition

DEFF Research Database (Denmark)

Schröder, Philipp J.H.; Jørgensen, Jan Guldager

2005-01-01

Actual trade and tariff policy prefers ad valorem tariffs to specific tariffs. Yet in this paper we show that, in a setting of monopolistic competition, realizing a given restriction on imports via a specific tariff would generate more consumer utility than obtaining the same restriction via an ad...... valorem tariff. Udgivelsesdato: FEB...

A comparative analysis of renewable electricity support mechanisms for Southeast Asia

Energy Technology Data Exchange (ETDEWEB)

Sovacool, Benjamin K. [National University of Singapore, Energy Governance Program, Centre on Asia and Globalisation, Lee Kuan Yew School of Public Policy, 469C Bukit Timah Road, Singapore 259772 (Singapore)

2010-04-15

This study evaluates the applicability of eight renewable electricity policy mechanisms for Southeast Asian electricity markets. It begins by describing the methodology behind 90 research interviews of stakeholders in the electricity industry. It then outlines four justifications given by respondents for government intervention to support renewables in Southeast Asia: unpriced negative externalities, counteracting subsidies for conventional energy sources, the public goods aspect of renewable energy, and the presence of non-technical barriers. The article develops an analytical framework to evaluate renewable portfolio standards, green power programs, public research and development expenditures, systems benefits charges, investment tax credits, production tax credits, tendering, and feed-in tariffs in Southeast Asia. It assesses each of these mechanisms according to the criteria of efficacy, cost effectiveness, dynamic efficiency, equity, and fiscal responsibility. The study concludes that one mechanism, feed-in tariffs, is both the most preferred by respondents and the only one that meets all criteria. (author)

A comparative analysis of renewable electricity support mechanisms for Southeast Asia

International Nuclear Information System (INIS)

Sovacool, Benjamin K.

2010-01-01

This study evaluates the applicability of eight renewable electricity policy mechanisms for Southeast Asian electricity markets. It begins by describing the methodology behind 90 research interviews of stakeholders in the electricity industry. It then outlines four justifications given by respondents for government intervention to support renewables in Southeast Asia: unpriced negative externalities, counteracting subsidies for conventional energy sources, the public goods aspect of renewable energy, and the presence of non-technical barriers. The article develops an analytical framework to evaluate renewable portfolio standards, green power programs, public research and development expenditures, systems benefits charges, investment tax credits, production tax credits, tendering, and feed-in tariffs in Southeast Asia. It assesses each of these mechanisms according to the criteria of efficacy, cost effectiveness, dynamic efficiency, equity, and fiscal responsibility. The study concludes that one mechanism, feed-in tariffs, is both the most preferred by respondents and the only one that meets all criteria. (author)

THE INFLUENCE OF THE CONNECTIONS OF ROMANIAN NON-LISTED FIRMS TO TAX HAVENS ON THEIR PROFITABILITY

Directory of Open Access Journals (Sweden)

Mihai-Bogdan AFRASINEI

2016-12-01

Full Text Available The offshore entities have become one of the most efficient solutions for tax avoidance and are used by taxpayers almost all around the world. This paper investigates the influence of the connections (via subsidiaries or shareholders of Romanian non-listed firms to tax havens on their profitability and effective tax rate. In this regard, we used a sample of 7,167 Romanian firms (3,370 with connections to tax havens and 3,797 without tax havens connections. For statistical analysis, we used the simple and multiple linear regression methods with dummy variables. Results have shown that the presence of Romanian non-listed firms in tax havens significantly influences their profitability and effective tax rate. The firms with connections to tax havens have a return on equity ratio higher, a return on assets ratio lower, a gross profit margin ratio lower, a total assets turnover ratio higher and an effective tax rate lower than companies without connections to such jurisdictions.

Female Directors and Firm Performance: Evidence from UK Listed Firms

OpenAIRE

Pasaribu, Pananda

2017-01-01

The impact of female directors on firm performance has lacked consistency in the previously conducted empirical studies, which may be due to the endogeneity problem, or certain characteristics (i.e. governance, industry, competition). This study examines the relationship between female directors and firm performance by addressing those problems. This study analyses all non-financial UK listed firms during the period 2004-2012 and employs several econometric models. The regression results indi...

Demand response in Indian electricity market

International Nuclear Information System (INIS)

Siddiqui, Md Zakaria; Maere d'Aertrycke, Gauthier de; Smeers, Yves

2012-01-01

This paper outlines a methodology for implementing cost of service regulation in retail market for electricity in India when wholesale market is liberalised and operates through an hourly spot market. As in a developing country context political considerations make tariff levels more important than supply security, satisfying the earmarked level of demand takes a back seat. Retail market regulators are often forced by politicians to keep the retail tariff at suboptimal level. This imposes budget constraint on distribution companies to procure electricity that it requires to meet the earmarked level of demand. This is the way demand response is introduced in the system and has its impact on spot market prices. We model such a situation of not being able to serve the earmarked demand as disutility to the regulator which has to be minimised and we compute associated equilibrium. This results in systematic mechanism for cutting loads. We find that even a small cut in ability of the distribution companies to procure electricity from the spot market has profound impact on the prices in the spot market. - Highlights: ► Modelling the impact of retail tariff in different states on spot prices of electricity in India. ► Retail tariffs are usually fixed below appropriate levels by states due to political reasons. ► Due to revenue constraint distribution utility withdraws demand from spot market in peak hours. ► This adversely affects the scarcity rent of generators and subsequently future investment. ► We show possibility of strategic behaviour among state level regulators in setting retail tariff.

Wind power merit-order and feed-in-tariffs effect: A variability analysis of the Spanish electricity market

International Nuclear Information System (INIS)

Azofra, D.; Jiménez, E.; Martínez, E.; Blanco, J.; Saenz-Díez, J.C.

2014-01-01

Highlights: • M5P algorithm-based model determines influence of wind power on Spanish spot market. • Assessment of the wind power influence for different levels of wind resource. • Cost-benefit analysis is developed, accounting feed-in-tariffs and merit order effect. • The worst and best levels of wind power production for the system are determined. - Abstract: The incipient large-scale energy-storage technologies are not sufficiently developed yet, which means that the wind power production depends on the wind speed at every moment. This, along with the fact that the wind resource is not constant over time, makes wind power production quite variable. Therefore, an artificial intelligence-based technique (M5P algorithm) is applied to empirical hourly data to determine the influence of wind power technology on the spot market for different levels of wind resource in 2012. It concludes that wind power depressed the spot prices between 7.42 and 10.94 €/MW h for a wind power production of 90% and 110% of the real one, respectively. Furthermore, taking into account the important presence of wind power in the Spanish generation mix, the above range has been extended up to 0% in order to determine the worst and best level of wind power production for the Spanish electrical system (from an economical point of view). To do so, both feed-in-tariffs and wind power impact on spot market (merit order effect) have been accounted in accordance with the different levels of wind power production. Since empirical data from 2012 have been used to conduct the research, the results presented in this paper may provide policy makers with a worst and best-case scenario to discuss about the convenience of the last cutting expenses over wind power technology in Spain

Understanding the tariff. Access to the public power transportation network

International Nuclear Information System (INIS)

2002-01-01

Since the European directive of December 19, 1996 about the common rules of the European power market, the eligible companies can chose their power supplier anywhere in Europe. The manager of the French power transportation network (RTE) supplies a network access to these companies according to a tariff fixed by the decree no. 2002-1014 from July 19, 2002. The aim of this document is to explain this tariff: tariffing principles ('mail-stamp' principle, voltage domain, subscribed output power tariffs, input power tariffs), tariffing elements (access to the grid, elements of output tariffs (subscribed power, overload, emergency tariffs, modifications etc..)), invoicing modalities, output tariffs, definitions. (J.S.)

Female Directors and Firm Performance: Evidence from UK Listed Firms

Directory of Open Access Journals (Sweden)

Pananda Pasaribu

2017-08-01

Full Text Available The impact of female directors on firm performance has lacked consistency in the previously conducted empirical studies, which may be due to the endogeneity problem, or certain characteristics (i.e. governance, industry, competition. This study examines the relationship between female directors and firm performance by addressing those problems. This study analyses all non-financial UK listed firms during the period 2004-2012 and employs several econometric models. The regression results indicate that there is little evidence that female directors have a positive and strong relationship with firm performance. But, further analysis reports that the UK’s small listed firms experience a positive significant effect, because small firms do not suffer from the problem of over-monitoring and they have more flexibility in composing their boards of directors.

Household consumption of electricity in Brazil between 1985 and 2013

International Nuclear Information System (INIS)

Villareal, Maria José Charfuelan; Moreira, João Manoel Losada

2016-01-01

This article describes the electricity consumption in Brazilian residences between 1985 and 2013 through linear regressions. The explanatory variables considered were the number of households, effective consumption of families as a proxy for family income, and electricity tariff for households. To deal with the power generation crisis of 2001 we have introduced a dummy variable in the form of a step function. With such explanatory variables, we were able to account for the reduction of household electricity consumption caused by the policies conducted in 2001 and their permanent consequences. The regression presented coefficient of determination of 0.9892, and the several statistic tests conducted assured the existence of long-term relation between the electricity consumption in residences and the explanatory variables. The obtained elasticities for the household consumption of electricity with respect to number of residences, family income and residential tariff of electricity were 1.534±0.095, 0.189±0.049, and −0.230±0.060, respectively. These results allowed understanding the evolution over time of the household consumption of electricity in Brazil. They suggest that the electric sector in Brazil should pursue an active policy to manage demand of residential electricity using tariffs as a means to control it. - Highlights: •Brazilian residential electricity sector. •Special Features and structure of the residential electricity consumption. •Representation and modeling of electrical energy consumption. •Elasticities consumption-tariff; consumption-income; consumption- households.

Long Term Incentives for Residential Customers Using Dynamic Tariff

DEFF Research Database (Denmark)

Huang, Shaojun; Wu, Qiuwei; Nielsen, Arne Hejde

2015-01-01

This paper reviews several grid tariff schemes, including flat tariff, time-of-use, time-varying tariff, demand charge and dynamic tariff (DT), from the perspective of the long term incentives. The long term incentives can motivate the owners of flexible demands to change their energy consumption...... behavior in such a way that the power system operation issues, such as system balance and congestion, can be alleviated. From the comparison study, including analysis and case study, the DT scheme outperforms the other tariff schemes in terms of cost saving and network operation condition improving....

Poverty and environmental impacts of electricity price reforms in Montenegro

International Nuclear Information System (INIS)

Silva, Patricia; Klytchnikova, Irina; Radevic, Dragana

2009-01-01

The creation of the Energy Community of South Eastern Europe in 2005 committed countries in South Eastern Europe to liberalize their energy markets in accordance to EU regulations. The Government of Montenegro is thus in the process of reforming its energy sector, which includes an electricity tariff reform. This paper analyzes the environmental and social impacts of an increase in residential electricity tariffs contemplated - which is expected to range anywhere from 40 to over 100% increase. As this analysis shows, such a significant price rise will impose a heavy burden on the poor households and it may adversely affect the environment. In an ex ante investigation of the welfare impact of this price increase on households in Montenegro, we show that the anticipated price increase will result in a very significant increase in households' energy expenditures. A simulation of alternative policy measures analyzes the impact of different tariff levels and structures, focusing on the poor and vulnerable households. Higher electricity prices could also significantly increase the proportion of households using fuelwood for space heating. Thus the level of fuelwood consumption should be carefully monitored under the electricity tariff reforms and the Government of Montenegro should combine the tariff reforms with a carefully evaluated set of policy measures to mitigate the effect of the electricity price increase on the poor. (author)

Poverty and environmental impacts of electricity price reforms in Montenegro

Energy Technology Data Exchange (ETDEWEB)

Silva, Patricia [Department of Economics, University of Copenhagen, Studiestraede 6, DK-1455 Copenhagen K (Denmark); Klytchnikova, Irina [The World Bank, Poverty Reduction and Economic Management Department (ECSPE) (United States); Radevic, Dragana [Center for Entrepreneurship and Economic Development (ME)

2009-03-15

The creation of the Energy Community of South Eastern Europe in 2005 committed countries in South Eastern Europe to liberalize their energy markets in accordance to EU regulations. The Government of Montenegro is thus in the process of reforming its energy sector, which includes an electricity tariff reform. This paper analyzes the environmental and social impacts of an increase in residential electricity tariffs contemplated - which is expected to range anywhere from 40 to over 100% increase. As this analysis shows, such a significant price rise will impose a heavy burden on the poor households and it may adversely affect the environment. In an ex ante investigation of the welfare impact of this price increase on households in Montenegro, we show that the anticipated price increase will result in a very significant increase in households' energy expenditures. A simulation of alternative policy measures analyzes the impact of different tariff levels and structures, focusing on the poor and vulnerable households. Higher electricity prices could also significantly increase the proportion of households using fuelwood for space heating. Thus the level of fuelwood consumption should be carefully monitored under the electricity tariff reforms and the Government of Montenegro should combine the tariff reforms with a carefully evaluated set of policy measures to mitigate the effect of the electricity price increase on the poor. (author)

The tariffs deadlock. Agreements and disagreements. Auctions make disappointments. Congestion: the auctions way. Energy in Switzerland. The fortnight of energy prices. Patrick Pierron: 'inverting steam'. Pierre Lepetit: 'the power has waken up'. Green electricity: is it necessary to establish a voluntaristic contribution?

International Nuclear Information System (INIS)

Corbier, M.Ch.; Schneid, O.

2001-01-01

This issue of 'Energies News' makes comments about the worldwide events of the moment in the domain of energy. Four articles concern the production, transportation and distribution of electricity after the transposition of the European directive and deal with the electricity tariffs, auctions and transit capacities. One short article summarizes the key-energy data of Switzerland in a couple of tables and graphs and a brief note presents the situation of the oil market after the September 11, 2001 terror events. One interview (P. Pierron, federal secretary of the CFDT syndicate) makes an analysis of the competition in the French and European energy market, while another interview (P. Lepetit, IFRI) analyzes the possible impacts of the September 11 events on the US energy policy. A last article analyzes the different solutions for the financing of the development of electricity produced from renewable energy sources and the opinion of the public with respect to an increase of electricity tariffs accordingly. (J.S.)

Decarbonising the power sector via technological change – differing contributions from heterogeneous firms

International Nuclear Information System (INIS)

Schmidt, Tobias S.; Schneider, Malte; Hoffmann, Volker H.

2012-01-01

In the power sector, technological change is a key lever to address the decarbonisation needed to avoid dangerous climate change. Policy makers aim to accelerate and redirect technological change by targeting relevant firms via climate policy, e.g., the European Union Emissions Trading System (EU ETS), and climate-relevant technology policies, e.g., feed-in tariffs. Changes in firm's behaviour, i.e., their research and development (R and D) as well as diffusion activities, are at the heart of technological change. However, firms are heterogeneous actors with varying attributes which perceive policy differently. Hence, they can be expected to react very heterogeneously to these new policies. Based on an original dataset of 201 firms, we perform a cluster analysis grouping firms along their R and D and diffusion activity changes. We then compare these clusters with regards to the characteristics of the contained firms. Our analysis results in seven clusters showing very diverse contributions to low-carbon technological change, suggesting potential for policy to become more effective. A comparison of the firms' characteristics allows us to derive indicative recommendations on how to adjust the policy mix in order to induce contributions from most firms in the power sector. - Highlights: ► Firms differ strongly regarding their contribution low-carbon technological change. ► E.g., about 40% of the surveyed firms have not changed their R and D and diffusion activities. ► These observations cast doubt upon the effectiveness of current policy. ► From the findings recommendations for making policy more effective are derived.

The Effects of Average Revenue Regulation on Electricity Transmission Investment and Pricing

OpenAIRE

Isamu Matsukawa

2005-01-01

This paper investigates the long-run effects of average revenue regulation on an electricity transmission monopolist who applies a two- part tariff comprising a variable congestion price and a non-negative fixed access fee. A binding constraint on the monopolist fs expected average revenue lowers the access fee, promotes transmission investment, and improves consumer surplus. In a case of any linear or log-linear electricity demand function with a positive probability that no congestion occur...

The case for a single-axis tracking solar PV array system to mitigate against the time-of-use tariff

CSIR Research Space (South Africa)

Szewczuk, S

2016-08-01

Full Text Available peak tariff is from 6:00pm to 8:00pm. A fixed-axis PV system generates peak electricity when the sun is overhead of the PV array. A single-axis PV tracking system allows for maximum production of electricity by tracking the sun soon after it appears...

A resource-based view on collaboration between firms and local partners in a non-urban Swedish context

NARCIS (Netherlands)

Svensson, Lotten

2016-01-01

Is it feasible to stimulate informal collaboration among non-urban firms and local public- and other private-sector actors, whereby they jointly strengthen the competitiveness of these firms? To answer this question, firms’ collaboration with local partner’s actors were examined. Most of the studied

Modelling firm heterogeneity with spatial 'trends'

Energy Technology Data Exchange (ETDEWEB)

Sarmiento, C. [North Dakota State University, Fargo, ND (United States). Dept. of Agricultural Business & Applied Economics

2004-04-15

The hypothesis underlying this article is that firm heterogeneity can be captured by spatial characteristics of the firm (similar to the inclusion of a time trend in time series models). The hypothesis is examined in the context of modelling electric generation by coal powered plants in the presence of firm heterogeneity.

Gas Transport Services. West European Gas Transmission Tariff Comparisons

International Nuclear Information System (INIS)

2006-07-01

Since 1999, the Dutch gas transmission company, Gastransport Services (GTS), has commissioned an independent consultant to prepare reports comparing gas transportation tariffs across Western Europe on an annual basis. This report describes the tariffs in force at 1 February 2006. The previous report was published in May 2005, and reported on the tariffs which were in force at 1 January 2005. Since then several companies have published revised carriage arrangements, or have adjusted their tariffs (e.g. to reflect inflation, or for other reasons). In this report we compare the GTS tariff with the transportation tariffs in eleven other countries: Austria, Belgium, Denmark, France, Germany, Ireland, Italy, Luxembourg, Spain, Sweden, and the United Kingdom. This means that all West European countries with Third Party Access to gas transmission systems (except Finland) are covered in this report. In this main part of the report, we concentrate on showing charts which illustrate the comparisons of tariffs, at various distances, volumes and load factors. This gives an overall picture of the tariffs offered by each company, rather than concentrating on particular cases. The detailed calculations for each of the 45 cases are shown in the Appendix to this report, and the conclusions from the cases are shown in a colour-coded chart in the Summary and Conclusions.

On tariffs of the transport and electricity distribution network. Stage report of the economic analysis group; Groupe d'expertise economique sur la tarification des reseaux de transport et de distribution de l'electricite. Rapport d'etape

Energy Technology Data Exchange (ETDEWEB)

NONE

1999-08-17

This report contains an Introduction, seven Sections, Conclusions and Summary of Recommendations, a Glossary and three Appendices. In the Introduction the work of the group is presented, the question of the access to the network is outlined and the approach adopted by the group is explained. The Section 1 is titled 'The electricity market and the questions raised by the access to network. The following issues are exposed: - Institutional and regulation context; - Transposition of the directive 96/92/CE within member states; - The effects of offer expected by France; - Expected effects for electricity consumers; - Abroad experience in organizing the access; - The role of the Electricity Regulation Commission and the objectives of tariffing and rules of access to transport network. The second section presents the characteristics of the Management of Distribution Network (GRT) and identification of the costs. The following items are treated: - Definition and description of the transport network; - Network development; - European interconnections; - Technical constraint; - Organization of GRT; - Calculation of transport; - Remuneration of capital; - Distribution, the transport's end-of-the-road; - Costs to recover: definition, problems of measurement and verification; - Transitory tariffs. The third section is titled 'Introduction to an economic approach' and it presents the nodal tariffing and an outlook of practical solutions. The forth section tackles with the main options in tariffing. Six issues are exposed: - The main choices to do; - Choosing between postal stamp and distant tariffing; - Sharing between producer and consumers; - Economic relevance of the postal stamp type formulas; - Sharing between energy and power; - A proposal of tariff structure. The Section 5 is devoted to tariffs for international transports. The following issues are exposed: - Specific questions posed by transfrontier contracts; - European Union frame; - Connection with the tariffs of

Connected Firms and Investor Myopia

NARCIS (Netherlands)

Ginglinger, Edith; Hébert, Camille; Renneboog, Luc

2017-01-01

Conglomerates, multinational corporations and business groups are non-exclusive forms of complex firms. Often organized as corporate networks, complex firms control a myriad of firms connected through ownership links. We investigate whether parent-subsidiary links within corporate networks enhance

Report on ENGIE's regulated tariffs for gas sale - Audit supply costs and non-supply related costs. Deliberation of the Commission for energy regulation on the 25 May 2016 bearing approval of the audit report on supply costs and non-supply related costs as basis for the calculation of the evolution of ENGIE's regulated tariffs for natural gas sale

International Nuclear Information System (INIS)

Ladoucette, Philippe De; Edwige, Catherine; Gassin, Helene; Padova, Yann; Sotura, Jean-Pierre

2016-05-01

After a recall of the context and objectives of the analysis performed by the French Commission for Energy Regulation (CRE), and a synthetic presentation of the main conclusions, this report first proposes an assessment for 2015 by discussing the share of consumptions provided under the regulated tariff with respect to those provided on the retail market, the evolution of these tariffs, by noticing that ENGIE costs have been covered by income associated with sales at regulated tariffs. The second part addresses perspectives of evolution for supply costs by outlining the existence of market indexing, the lack of factors which would justify an evolution of gas price indexing level, and a possible reviewing of indices at the moment of revision of the indexing formula. The third part addresses the perspectives of evolution of non-supply related costs. It notices the impact of recent evolution of infrastructure costs, some lack of information regarding provisional trade costs, and a significant decrease of these costs for 2016

Do distribution companies loose money with an electricity flexible tariff?: A review of the Chilean case

International Nuclear Information System (INIS)

Vera, Sonia; Bernal, Felipe; Sauma, Enzo

2013-01-01

We can get an (energy efficiency) EE improvement if we produce a flatter daily load curve, leading to a higher efficiency of the power system, making better use of the generation and transport electricity chain, thus avoiding over-investment in equipment used just few hours a year. Tariff flexibility of the (Time of Use) TOU type is one of these measures. Generally, TOU systems are designed to minimize total system cost, which may cause losses in distribution companies (DISCOs), generating opposition. On the contrary, the present paper proposes a TOU system for electricity consumption in Chile where optimal prices are obtained in order to maximize total income of DISCOs. In this manner, the proposed TOU system is, by definition, beneficial for DISCOs and it may lead to a win–win situation among DISCOs and consumers. In particular, we show that such a system, implemented in a country like Chile, would allow for DISCOs a total potential benefit of 811.7 millions of dollars for the 3-year study period (2005–2007), considering initiatives that promote a 5% savings in real consumption during on-peak hours, obtained by the spread or difference between the proposed and the current systems. - Highlights: • We propose a TOU (Time of Use) system for electricity consumption in Chile. • In this system the optimal prices are obtained in order to maximize total income of (distribution companies) DISCOs. • The proposed TOU system may lead to a win–win situation among DISCOs and consumers. • This system, implemented in a country like Chile, would allow for DISCOs a total potential benefit of M$811.7. • Benefit obtained for 3-year study period with initiatives that promote 5% savings in real consumption during on-peak hours

Choosing the tariff for city passenger transportation in Kiev

OpenAIRE

Pilipenko, N.

2006-01-01

This article deals with basic problems of tariff policy of city passenger transportations by busses fleets of communal pattern ownership in Kiev. Principles of perfection of method of calculation of tariffs have been offered by introduction of rout and unique tariff.

Feed-in tariff outlook in Malaysia

International Nuclear Information System (INIS)

Chua, Shing Chyi; Oh, Tick Hui; Goh, Wei Wei

2011-01-01

This paper aims to present the feed-in tariff (FiT) outlook in Malaysia, which is in the process of being enacted through a Renewable Energy (RE) Policy by the Government of Malaysia (GoM). A brief in policies leading towards the RE policy and the potential of each RE sources under FiT mechanism have been discussed. The successful utilisation of RE source in electricity generation and the FiT implementation globally are positive indicators to implement FiT in Malaysia. Potentials of FiT on biomass, biogas and solid waste energy are currently very promising in Malaysia, but it is solar energy which is predicted to be the main RE of the future, surpassing all other REs. (author)

Do family CEOs impact firm value? An empirical analysis of Indian family firms

Directory of Open Access Journals (Sweden)

Lakshmi Kalyanaraman

2015-01-01

Full Text Available We study the association between family CEO and firm value on a sample of 288 family firms during the 6-year period, from 2009 to 2014. The sample is drawn from domestic private companies belonging to non-financial services sector included in the NSE CNX 500 index. We find that family CEO has no significant association with firm value, when the family is not the majority shareholder. Family shareholding has positive relationship with firm value, but does not moderate the relationship of family CEO with firm value. We show that family CEO and firm value are negatively related when the family does not hold majority equity stake in the family firm. While family shareholding has no significant relationship with firm value, it has a negative interaction effect on the relationship between family CEO and firm value. The research findings have important implications for family firms as well as the nonfamily investors in the family firms.

75 FR 4689 - Electronic Tariff Filings

Science.gov (United States)

2010-01-29

... elements ``are required to properly identify the nature of the tariff filing, organize the tariff database... (or other pleading) and the Type of Filing code chosen will be resolved in favor of the Type of Filing...'s wish expressed in its transmittal letter or in other pleadings, the Commission may not review a...

Analysis of competition and market power in the wholesale electricity market in India

International Nuclear Information System (INIS)

Shukla, Umesh Kumar; Thampy, Ashok

2011-01-01

The electricity reforms were initiated in India with the objective of promoting competition in the electricity market. In order to promote competition, the Electricity Act 2003 was enacted and various policy initiatives were taken by the Government of India. Central Electricity Regulatory Commission (CERC) also facilitated competition through the regulatory framework of availability based tariff, Indian Electricity Grid Code, open access in inter-state transmission, inter-state trading and power exchanges. Despite these initiatives, electricity prices increased in the Wholesale Electricity Market in India (WEMI). This paper analyses the market structure and competitiveness in the WEMI. There are, of course, various potential reasons for the rise in the electricity price. This paper seeks to investigate, if market power was one of the reasons for increase in market prices. Concentration ratio, Herfindahl-Hirschman index, Supply Margin Assessment, and Residual Supply Index have been used to measure market power. This paper also uses the price-cost mark-up to examine, if exercise of market power led to higher margins. The analysis suggests that market power of firms may be part of the reason for the increase in electricity prices in WEMI. The study suggests various measures to increase competition in the WEMI.

The Heterogeneity of Job Creation and Destruction in Transition and Non-transition Developing Countries: The Effects of Firm Size, Age and Ownership

Directory of Open Access Journals (Sweden)

Haggai Kennedy Ochieng

2017-12-01

Full Text Available This paper investigates how firm age, size and ownership are related with job creation and destruction, and how these patterns differ across transition and non-transition economies. The analysis finds that age is inversely related with gross job creation and net job creation in the two samples. This finding is consistent with the theory of the learning effect. The relationship between age and job destruction is indifferent in non-transition economies. On the contrary, old firms in transition economies destroy more jobs than young ones. The paper further establishes an inverse relationship between size and gross job creation in the two groups. However, there is divergence between the two samples; small firms in non-transition economies also exhibit a higher gross job destruction rate. Consequently large firms have a higher net job creation rate. In transition economies, small and large firms exhibit similar rates of job destruction. But small firms retain a higher net job creation rate. A more intriguing finding is that state owned firms do not underperform domestic private ones. This means these countries may be using soft budget constraint which allows state owned firms to overstaff. Finally, crowding out of SMEs by foreign owned firms is not evident in transition economies.

Electricity reforms and firm level responses: changing ownership, fuel choices, and technology decisions

International Nuclear Information System (INIS)

Shukla, P.R.; Nag, Tirthankar; Biswas, Debashish

2005-01-01

This paper examines how electricity reforms in India managed to influence the responses of generating firms. Indian electricity reforms have federal and state character. This paper utilises an extensive survey of generation units in Gujarat State. The findings suggest that reforms have created heterogeneous ownership of generation units. The fuel-mix and technology choices of new owners differ from pre-reform pattern followed by state-owned utilities. The new owners prefer natural gas, sourced technologies internationally, and chosen unit sizes that follow market dynamics. Consequently, the operational performance of power plants has improved. This paper quantifies energy efficiency and carbon intensity baselines, projects their trends, and delineates the contribution of reforms for the state. In generalisation, this paper argues that energy and cost efficiency of power plants across different states shows secular improvements under the reforms, though it cautions that environmental performance would not show such uniformly improving trends. (Author)

A framework for cost-based pricing of transmission and ancillary services in competitive electric power markets

International Nuclear Information System (INIS)

Zobian, A.; Ilic, M.D.

1995-01-01

In this paper the authors propose a framework for accurate cost determination and pricing of transmission and ancillary services in competitive electric power markets. The proposed framework is based on their anticipation of the evolving environment and industry structure. They envision the future as a competitive energy market with a centralized control entity that coordinates system activities, prices transmission and ancillary services and controls various system resources. This control entity has control over a certain (pre-defined) geographical area. It is proposed that the system operation and control be kept as they are currently done in control centers, no major change in these functions is required for the proposed pricing strategy. The pricing strategy is divided into two main classes based on time scale separation and firmness, short and long term, firm and interruptible contracts. The approach is based on superposition of different transaction on the network, and a three-part tariff design. The charges are directly related to the impact of each transaction on the system

An initial analysis of options for a UK feed-in tariff for photovoltaic energy, from an array owner's viewpoint

International Nuclear Information System (INIS)

Plater, Steve

2009-01-01

The UK government has announced the introduction from April 2010 of a feed-in tariff (FIT) for renewable energy, and initiated a consultation on its design. This paper compares three possible variants of a UK FIT for rooftop photovoltaic (PV) arrays, on the basis of calculated income and array cost payback time, and for three locations (north, central and southern England) and various levels of household electricity consumption. This modelling is based on an FIT rate equivalent to Germany's. It concludes that an FIT which paid only for PV electricity surplus to on-site needs, and exported to the grid, would mean a simple payback time too long to make array purchase appealing. Preferable would be either export to the grid of all PV electricity for FIT payment; or a lower FIT rate for electricity used on-site, plus full FIT for any surplus exported. The latter would involve significantly lower costs in feed-in tariff payments. Finally, the effect of the UK government's illustrative FIT rate for consultation is examined for the same locations and annual consumption levels.

From promise to crisis : lessons for Atlantic Canada from Ontario's electricity liberalisation

International Nuclear Information System (INIS)

Adams, T.

2000-01-01

This report synthesized some lessons learned from Ontario's electric power restructuring and showed how they can be applied to reform the Atlantic Canada's electricity sector. Since the opening of Ontario electricity markets to competition, numerous problems have threatened the potential of the power sector to deliver reasonably priced, reliable and environmentally responsible electricity to consumers in Ontario. The original vision of power restructuring in Ontario called for the break-up of Ontario Hydro, the privatisation of major components of the power system, major regulatory improvements, more stringent environmental rules, the creation of an independent agency responsible for power system reliability, and the opening of electricity markets to competition. This original vision has failed for many reasons, including failure to establish a firm date for the opening of the electricity market, a lack of financial accountability, continued subsidies to industrial customers, local distribution rate shock, lack of investment, politicizing transmission tariffs, aggressive marketers exploiting consumer uncertainty and ill-advised deregulation of fossil emissions. It was emphasized that Atlantic Canada could benefit from any eventual electricity restructuring by avoiding these mistakes made in Ontario. This report also described the contents of an 8 point program that was recommended by the author. 21 refs

The doping effect of Italian feed-in tariffs on the PV market

International Nuclear Information System (INIS)

Antonelli, Marco; Desideri, Umberto

2014-01-01

In less than six years, Italy has become one of the leading markets for PV power plants and one of the countries in the world with the largest number of installations and installed peak power. Such a quick and large growth is due to a series of feed-in tariff schemes that have been uncapped until 2012. As a matter of fact, any size or any number of PV power plants could be installed during a period of three years. Since the feed-in tariffs are not paid by national taxes but are charged on the electricity bills, Italian energy users are now due to pay each year a surcharge of 9 billion euros on their energy bills. This paper aims at discussing this development by highlighting the benefits but also some significant drawbacks that the application of uncontrolled feed-in tariffs has produced. - Highlights: • Italy has had a booming PV development due to uncapped FIT schemes for 4 years. • The RES development has disrupted the utilization of all programmable power plants. • The financial burden will exceed 7 billion euros for the next 20 years. • The market prices were driven by the incentives and not viceversa. • The installation was not based on available solar radiation

Design limitations in Australian renewable electricity policies

International Nuclear Information System (INIS)

Buckman, Greg; Diesendorf, Mark

2010-01-01

Renewable electricity is pivotal to the medium and long-term reduction of Australia's greenhouse gas (GHG) emissions, if deep cuts in them are eventually implemented. This paper examines the effectiveness of the principal existing policies that could potentially promote the expansion of renewable electricity (RElec) in Australia: the expanded Renewable Energy Target (RET); the proposed emissions trading scheme (ETS); and the state and territory-based feed-in tariffs. We find the effectiveness of RET is severely eroded by the inclusion of solar and heat pump hot water systems; by the inclusion of 'phantom' tradable certificates; and by high electricity consumption growth. We also find that the ETS will not produce a high enough carbon price to assist most RElec technologies before 2020; and that most of the feed-in tariffs exclude large-scale RElec and will give little assistance to small-scale RElec because they are mostly net tariffs. Unless there is a major revision of its RElec policy mechanisms, Australia will fail to reach its renewable electricity target and in particular will fail to build up its solar generation capacity which could be a major source of future deep cuts in the country's electricity generation emissions.

Assessment of the feed-in tariff mechanism for renewable energies in Taiwan

International Nuclear Information System (INIS)

Huang, Yun-Hsun; Wu, Jung-Hua

2011-01-01

Due to Taiwan's lack of natural resources, dependence on imported energy, and pursuit of sustainable development, renewable energies are extremely important for Taiwan's future energy supply. Since Taiwan's feed-in tariff (FIT) is still in its initial stage, one must examine whether the current system is compatible with a well-designed FIT scheme. This study examines the main features of Taiwan's FIT system and assesses design options using several criteria. Additionally, one of the most important elements of a FIT scheme, namely, a tariff system, is discussed. Taiwan's FIT scheme has the design options required by well-functioning FITs, and the guaranteed-return tariff system coincides with the spirit underlying leading global FITs; however, many issues, such as setting goals by stages, refinement of the tariff calculation methodology, and elimination of other non-economic barriers, must be addressed to achieve future developmental goals and green industry growth. - Highlights: ► No in-depth study has focused exclusively on Taiwan's FIT design options. ► This study fills this gap in the literature by examining Taiwan's FIT system. ► Assessments demonstrate that Taiwan's FIT scheme has the design options required by well-functioning FITs. ► Four issues are identified that Taiwan's policy makers should address to achieve future developmental goals and expand green industries.

Analysis of economic characteristics of a tariff system for thermal energy activities

Energy Technology Data Exchange (ETDEWEB)

Banovac, Eraldo [Croatian Energy Regulatory Agency, Zagreb (Croatia); Gelo, Tomislav; Simurina, Jurica [University of Zagreb (Croatia). Faculty of Economics and Business

2007-11-15

Generally speaking, the creation of tariff systems for energy activities carried out as regulated or public service obligation is becoming professionally challenging. The Croatian Energy Regulatory Agency (CERA) created the methodology of the tariff system for thermal energy activities and passed this tariff system (without tariff element amounts) in May 2006. The background of the tariff system for thermal energy activities (heat generation, heat distribution and heat supply) including a legislative framework relevant for passing the tariff system, terminology, matrix of the tariff models, tariff elements and amounts of tariff entries are analyzed in this paper. Special attention is paid to the economic characteristics of the tariff system, such as the capital asset pricing model (CAPM), which is chosen among several models of the weighted average of cost of capital (WACC). Using the WACC, the regulatory authorities ensure returns to be equal to the opportunity cost of capital. Furthermore, main formulae and procedures for submitting the proposal for changing the amounts of tariff elements are analyzed as well. (author)

Analysis of economic characteristics of a tariff system for thermal energy activities

International Nuclear Information System (INIS)

Banovac, Eraldo; Gelo, Tomislav; Simurina, Jurica

2007-01-01

Generally speaking, the creation of tariff systems for energy activities carried out as regulated or public service obligation is becoming professionally challenging. The Croatian Energy Regulatory Agency (CERA) created the methodology of the tariff system for thermal energy activities and passed this tariff system (without tariff element amounts) in May 2006. The background of the tariff system for thermal energy activities (heat generation, heat distribution and heat supply) including a legislative framework relevant for passing the tariff system, terminology, matrix of the tariff models, tariff elements and amounts of tariff entries are analyzed in this paper. Special attention is paid to the economic characteristics of the tariff system, such as the capital asset pricing model (CAPM), which is chosen among several models of the weighted average of cost of capital (WACC). Using the WACC, the regulatory authorities ensure returns to be equal to the opportunity cost of capital. Furthermore, main formulae and procedures for submitting the proposal for changing the amounts of tariff elements are analyzed as well

Empirical Evidence of Target Leverage, Adjustment Costs and Adjustment Speed of Non-Financial Firms in Selected African Countries

OpenAIRE

Oyebola Fatima Etudaiye-Muhtar; Oyebola Fatima Etudaiye-Muhtar; Rubi Ahmad

2015-01-01

The issue of target leverage for corporate firms in developing countries has received little attention in extant literature, especially countries in Africa. Given the imperfection that exists in African financial markets that may limit firms access to external capital, this study investigates dynamic adjustment towards a target debt ratio. In addition, the study used a dynamic panel data estimation technique to determine adjustment costs and speed of adjustment in non-financial firms in selec...

The King Reports, Independent Non-Executive Directors and Firm Valuation on the Johannesburg Stock Exchange

OpenAIRE

Ntim, Collins G.

2011-01-01

South Africa (SA) has pursued corporate governance reforms in the form of the 1994 and 2002 King Reports. This paper examines the association between the presence of independent non-executive directors (INEDs) and market valuation of a sample of 169 firms listed on the Johannesburg Stock Exchange (JSE) in SA from 2002 to 2007. Our results suggest a statistically significant and positive relationship between the presence of INEDs and firm valuation. By contrast, we find no statistically signif...

User-Aware Electricity Price Optimization for the Competitive Market

Directory of Open Access Journals (Sweden)

Allegra De Filippo

2017-09-01

Full Text Available Demand response mechanisms and load control in the electricity market represent an important area of research at the international level: the trend towards competition and market liberalization has led to the development of methodologies and tools to support energy providers. Demand side management helps energy suppliers to reduce the peak demand and remodel load profiles. This work is intended to support energy suppliers and policy makers in developing strategies to act on the behavior of energy consumers, with the aim to make a more efficient use of energy. We develop a non-linear optimization model for the dynamics of the electricity market, which can be used to obtain tariff recommendations or for setting the goals of a sensibilization campaign. The model comes in two variants: a stochastic version, designed for residential electricity consumption, and a deterministic version, suitable for large electricity users (e.g., public buildings, industrial users. We have tested our model on data from the Italian energy market and performed an extensive analysis of different scenarios. We also tested the optimization model in a real setting in the context of the FP7 DAREED project (http://www.dareed.eu/, where the model has been employed to provide tariff recommendations or to help the identification of goals for local policies.

Performance of Patenting Firms in Danish Manufacturing

DEFF Research Database (Denmark)

Madsen, Erik Strøjer; Smith, Valdemar; Nielsen, Anders Østergaard

2000-01-01

Most countries focus on industries with high technology and the governments grant subsidies to innovating firms. However, there has been remarkable few studies of the performance of innovative firms or industries. This study examines the performance of patent active firms compared to the non-patenting...... firms within the manufacturing sector in Denmark. Performance is measured both by growth in employment as well as in the return on equity and profit share in turnover. The results suggest that differences in performance of patenting and non-patenting firms are very small, which questions the political...

Eligibility in the electricity and gas retail markets in Spain

International Nuclear Information System (INIS)

Marti, F.

2003-01-01

The true liberalization of the electricity and gas retail markets in Spain was initiated in 1997 and 1998 respectively with the approval of the Electricity Act and the Hydrocarbons Act that set up the regulatory framework for both sectors. The initial eligibility calendars established were speeded up by later legal dispositions which set the full eligibility in January 2003. Therefore in January the number of eligible consumers increased from 65,000 electricity consumers to 22 million and from around 5,000 gas consumers to 4.5 million. In Spain there has been however a coexistence of a liberalized market and a regulated market. While in the liberalized market the consumer will pay a regulated Third Party Access (TPA) tariff for the use of the network and a free price for the energy, in the regulated market the consumer will pay all-inclusive tariffs which are established by the Government in the case of the electricity tariffs and by the Ministry of Economy in the case of the gas tariffs. Today any electricity and gas consumer can choose whether he wants to be supplied through the regulated market or through the liberalized one. Only the electricity HV (High Voltage Supply) all-inclusive tariffs are to disappear in 2007. No date has been set for the others. Also important is to highlight the increase in the consumption of both energy sources. The electricity demand has increased about 38 percent from 1997 (155 TWh/year) to 2002 (214 TWh/year). The gas sector, on the other hand, has increased at a higher rate. From 150 TWh/year in January 1999 to almost 270 TWh/year in July 2003, an 80 percent increase in four and a half years.(author)

Comparation of the support schemes for generation of electricity from renewable energy sources and their influence on the electricity pr ices for the final electricity customers in Republic of Macedonia

International Nuclear Information System (INIS)

Veljanovska, Natasha

2013-01-01

Renewable energy is the first source of energy used by the man since his existence, using the wood as a source for heating and warming, as well as for cooking. Today, the use of renewable energy is one of the main goals of the energy policies in the world. The use of renewable energy contributes in increasing security of supply, decreasing import dependence of fossil fuels and improving socioeconomic stability. The use of renewable energy directly contributes in reducing the intensity of climate change, providing local development and job creation. The thesis addresses the concept of the support schemes for electricity generation from renewable energy, more specifically, the manner of their application for fulfillment of the national targets for the share of energy from renewable sources in the total energy consumption. The thesis is developed covering three important aspects of support schemes: the possibility for implementation of appropriate support scheme in the Republic of Macedonia; the influence of support scheme on the electricity price for the customers; and the determination of the feed-in tariffs. The main contributions of the thesis are: determination of influence of the feed-in tariffs as appropriate support scheme for electricity generation from renewable energy in the Republic of Macedonia on the electricity price for the customers, as well as the determination of the feed-in tariffs. The thesis presents an overview of the support schemes for electricity generation from renewable energy, with emphasis on new measures developed for the needs of fulfillment of the national targets for the share of energy from renewable sources in the total energy consumption. The thesis also presents the detail characteristics support schemes and possibility for their implementation in the Republic of Macedonia. This research is a confirmation of the initial selection of feed-in tariffs as an appropriate support scheme for renewable energy in the Republic of Macedonia

Electrical contracting

CERN Document Server

Neidle, Michael

2013-01-01

Electrical Contracting, Second Edition is a nine-chapter text guide for the greater efficiency in planning and completing installations for the design, installation and control of electrical contracts. This book starts with a general overview of the efficient cabling and techniques that must be employed for safe wiring design, as well as the cost estimation of the complete electrical contract. The subsequent chapters are devoted to other electrical contracting requirements, including electronic motor control, lighting, and electricity tariffs. A chapter focuses on the IEE Wiring Regulations an

The economic viability of a feed-in tariff scheme that solely rewards self-consumption to promote the use of integrated photovoltaic battery systems

International Nuclear Information System (INIS)

Brusco, Giovanni; Burgio, Alessandro; Menniti, Daniele; Pinnarelli, Anna; Sorrentino, Nicola

2016-01-01

Highlights: • A FIT scheme for grid-connected integrated PV-battery systems is discussed. • The FIT tariff scheme solely rewards self-consumption. • An optimization problem minimizes the tariff and it sizes the integrated systems. • The saving on bill is approximately 50%, the end user attains 25% self-sufficiency. • The self-generation is 50% at least, the self-consumption is 80% at least. - Abstract: With reference to an integrated photovoltaic battery (PV-BES) system for grid-connected end users, a feed-in tariff scheme is discussed in this article. This scheme solely rewards self-consumption. Zero is the generation price paid for the generated renewable energy, and zero is the export price paid for the renewable energy delivered to the grid. This feed-in tariff scheme, referred to as S-FIT, also excludes the net-metering service and the possibility that the grid recharges or discharges the batteries. To calculate the incentive tariff, an optimization problem is adopted. The problem returns the minimum value of the tariff so that the subsidy given to the end user is equal to the difference between the instalments paid for the integrated PV-BES system and the savings obtained from the electricity bill. The period during which the end user has secured this grant is ten years. The S-FIT scheme is applied to the case of the Italian Public Administration from 2011 to 2015. Consequently, the real values of temperature, irradiation, and energy consumption are measured every 15 min, and the real electricity prices over the period 2011–2015 are considered. The optimal solution returned by the optimization problem allows for a significant reduction of the electricity bill by 49.56%; moreover, the self-produced energy is equal to at least 50%, whereas the self-consumed energy is equal to at least 80%. The optimal solution that is calculated using 2011 data is applied for 2012–2015. Although the electricity prices were subject to a radical change during this

Smart grids and the transformation of the electricity sector: ICT firms as potential catalysts for sectoral change

International Nuclear Information System (INIS)

Erlinghagen, Sabine; Markard, Jochen

2012-01-01

The sustainability challenges associated with increasing demand and generation of electricity require a far-reaching transformation of the energy system. Smart grid technologies are expected to play a major role in such sectoral transformation. While a growing body of literature is concerned with the dynamics and particularities of sectoral transformation, most contributions have focused on exogenous shocks or new technological developments as drivers of change. This paper complements the existing perspectives by exploring the role of actors as catalysts for transformation. Within the field of smart grid, we study the transformative influence of ICT firms on the energy sector in Europe. More specifically, we analyze actor participation in 450 European smart grid projects between 2000 and 2011 as well as acquisitions in the field. We find that incumbent firms from the ICT sector have gained influence and drive transformation through the creation of variety, in terms of technology, business models and value chains. As a strategic reaction, electricity sector incumbents have recently acquired many start-ups specialized in ICT technology and thus expanded their competence base. We conclude that entrants from another sector can be important catalysts for sectoral transformation and should be analyzed more systematically in transition studies. - Highlight: ► Entrants from adjacent sectors are important catalysts for sectoral transformation. ► We provide a socio-technical systems perspective on smart grid. ► We analyze actor participation in smart grid projects in Europe 2000–2011. ► ICT firms drive transformation towards a smarter grid.

46 CFR 520.9 - Access to tariffs.

Science.gov (United States)

2010-10-01

... this section. (3) Carriers and conferences may assess a reasonable fee for access to their tariff publication systems and such fees shall not be discriminatory. (4) Tariff publication systems shall provide... provided at the expense of the publishers. Any recurring connection fees, hardware rental fees, usage fees...

Barriers and drivers of new interconnections between EU and non-EU electricity systems. Economic and regulatory aspects

International Nuclear Information System (INIS)

Van Werven, M.J.N.; Van Oostvoorn, F.

2006-05-01

Interconnection of different electricity systems offers several advantages and benefits. In the first place it provides reliability and increases the robustness of the system. Furthermore, it increases economic efficiency and reduces the possibility to abuse market power. Price differences are the signal that efficiency gains can be obtained. To make a sound decision whether to invest in new interconnection capacity, the causes behind the price differences should be well understood. Price differences must originate from structural, long-term causes. Differences in primary resources, fuel mix and load patterns are such causes. It is important to note that price differences that result from the difference between regulatory structures (lack of level playing field) may not be structural and therefore may not justify investment in interconnection capacity. Next to advantages and benefits, interconnection is faced with costs and barriers. Firstly, there are investment costs, which are high for building new interconnections, and there are energy losses that are caused by transporting electricity. A third possible barrier is congestion within the EU, which impedes the imported electricity to freely flow to demand areas (and hinders the export of electricity to neighbouring regions). Furthermore, interconnection may create loop flows. In addition, interconnection could lead to an increasing import dependency, which may create political resistance. And finally, there may be opposition from residents in the areas where the transmission and interconnection lines have to be built. Concerning regulatory issues, trade between markets is more likely to be impeded or distorted if market designs and rules between countries/regions differ substantially. Regulatory issues that are of relevance comprise rules concerning the timing of gate closure, imbalance arrangements, the firmness of transmission access rights, the type of tariff regulation, unbundling, the ownership of

Energy saving in energy market reform—The feed-in tariffs option

International Nuclear Information System (INIS)

Eyre, Nick

2013-01-01

The use of feed-in tariffs (FITs) is now widespread for renewable energy and under discussion for other low carbon electricity generation, but not for energy efficiency. There is a small literature on FITs for electricity demand reduction, but not energy efficiency more generally. This paper considers the general application of FITs on the demand side and sets out the economic arguments in the context of changing energy markets. It then discusses the implications of some practical issues, including the definitional problems arising from the difference between energy efficiency and demand reduction. Using experience from historical energy efficiency programmes, it considers the public benefits, payment methods and policy scope that need to be considered and how these might affect policy design. It makes some provisional estimates of economically justified payments in the context of the proposed UK energy market reform. It concludes that FITs for energy saving might be a powerful tool for incentivising energy efficiency. - Highlights: ► The concept of an energy saving feed-in tariff (ESFIT) is introduced and analysed. ► ESFITs are potentially an alternative to supplier energy efficiency obligations. ► To maximise effectiveness, ESFITs should be paid as capital grants. ► ESFITs are justifiable if there are premium prices for low carbon generation. ► Higher rates of ESFIT may be justified to overcome barriers to energy efficiency.

76 FR 80866 - Non-Vessel-Operating Common Carriers Negotiated Rate Arrangements; Tariff Filing Exemption

Science.gov (United States)

2011-12-27

...: Notice of Inquiry. SUMMARY: The Federal Maritime Commission is issuing this Notice of Inquiry seeking... surcharges, and are required to make their rules tariffs available to shippers free of charge; (2) NRA rates... in response to the Notice of Inquiry that contain confidential information, the confidential copy of...

The challenge of product development and tariff migration; Herausforderung Produktentwicklung und Tarifmigration

Energy Technology Data Exchange (ETDEWEB)

Haller, Thomas [Simon-Kucher und Partners, Strategy und Marketing Consults, Wien (Austria); Stiller, Michael [Simon-Kucher und Partners, Bonn (Germany); Cerna, Daniela [Simon-Kucher und Partners, Frankfurt am Main (Germany)

2011-01-15

Power supply companies in German-speaking countries expect a marked shortening of product life cycles over the next five years. This means that new products will need to be developed at ever shorter time intervals. However, opinions on the success of newly introduced products are mediocre. While there is an understanding that the product portfolio should meet customers' needs, the importance of the conceptualisation phase in developing suitable products is systematically underestimated. A study performed by a reputed strategic consultancy firm has shown that at least when it comes to tariff migration there is a failure to address customers in a differentiated manner. A rethink in conceptualising product portfolios is needed if the success of new product launches is to be driven by other criteria than merely the price.

Strategic tariff protection, market conduct, and government commitment levels in developing economies

Czech Academy of Sciences Publication Activity Database

Ionascu, D.; Žigić, Krešimir

-, č. 249 (2005), s. 1-43 ISSN 1211-3298 Institutional research plan: CEZ:AV0Z70850503 Keywords : optimal tariff protection * government non-commitment regime * symmetric versus asymmetric information Subject RIV: AH - Economics http://www.cerge-ei.cz/pdf/wp/Wp249.pdf

Advice from the Commission of Electricity Regulation (CRE) dated from April 4, 2002 about the by-law establishing the conditions of purchase of the electricity produced by facilities using, as main source, the energy coming from the combustion or explosion of non-fossil matter of vegetal origin; Avis de la Commission de Regulation de l'Electricite (CRE) en date du 4 avril 2002 sur l'arrete fixant les conditions d'achat de l'electricite produite par les installations utilisant, a titre principal, l'energie degagee par la combustion ou l'explosion de matieres non fossiles d'origine vegetale

Energy Technology Data Exchange (ETDEWEB)

NONE

2002-04-01

This document presents the analysis made by the French commission of electricity regulation (CRE) about the by-law fixing the conditions of purchase of the electricity produced by biomass-fueled facilities: considerations common to all power generation files that benefit from the obligation of purchase (tariff of purchase of the electricity produced, advantages of a call for bids system, existing decrees and by-laws, estimation of saved costs and environmental benefits, impact on the greenhouse effect abatement and on the air quality, conformability with the European regulation); cost-benefit analysis of the present by-law: description of the proposed tariff of purchase for the electricity produced by biomass-fueled facilities; comparison of the proposed tariff with the saved costs and the environmental benefits; comparison of the tariff with the production costs and analysis of the technical modalities; advice of the CRE. (J.S.)

The stagnation of electric system expansion

International Nuclear Information System (INIS)

Santos, A.M. dos

1989-01-01

The main works in the Brazilian electric sector in 1988 is presented, mentioning the fault of financier resources. The electric power tariffs by a real economical cost are also cited, allowing some advantages that can resolve the investment problem in the electric power expansion. (author)

Dividend policies of shariah-compliant and non-shariah-compliant firms

DEFF Research Database (Denmark)

Farooq, Omar; Tbeur, Oumkeltoum

2013-01-01

Do shariah-compliant firms pay higher dividends than other firms? Using data from the MENA (Morocco, Egypt, Saudi Arabia, United Arab Emirates, Jordan, Kuwait, and Bahrain) region, this paper shows that shariah-compliant firms not only have higher payout ratios but also have higher likelihood...

Shared vision promotes family firm performance.

Science.gov (United States)

Neff, John E

2015-01-01

A clear picture of the influential drivers of private family firm performance has proven to be an elusive target. The unique characteristics of private family owned firms necessitate a broader, non-financial approach to reveal firm performance drivers. This research study sought to specify and evaluate the themes that distinguish successful family firms from less successful family firms. In addition, this study explored the possibility that these themes collectively form an effective organizational culture that improves longer-term firm performance. At an organizational level of analysis, research findings identified four significant variables: Shared Vision (PNS), Role Clarity (RCL), Confidence in Management (CON), and Professional Networking (OLN) that positively impacted family firm financial performance. Shared Vision exhibited the strongest positive influence among the significant factors. In addition, Family Functionality (APGAR), the functional integrity of the family itself, exhibited a significant supporting role. Taken together, the variables collectively represent an effective family business culture (EFBC) that positively impacted the long-term financial sustainability of family owned firms. The index of effective family business culture also exhibited potential as a predictive non-financial model of family firm performance.

Shared Vision promotes family firm performance

Directory of Open Access Journals (Sweden)

John Edward Neff

2015-05-01

Full Text Available A clear picture of the influential drivers of private family firm performance has proven to be an elusive target. The unique characteristics of private family owned firms necessitate a broader, non-financial approach to reveal firm performance drivers. This research study sought to specify and evaluate the themes that distinguish successful family firms from less successful family firms. In addition, this study explored the possibility that these themes collectively form an effective organizational culture that improves longer-term firm performance. At an organizational level of analysis, research findings identified four significant variables: Shared Vision (PNS, Role Clarity (RCL, Confidence in Management (CON, and Professional Networking (OLN that positively impacted family firm financial performance. Shared Vision exhibited the strongest positive influence among the significant factors. In addition, Family Functionality (APGAR, the functional integrity of the family itself exhibited a significant supporting role. Taken together, the variables collectively represent an effective family business culture (EFBC that positively impacted the long-term financial sustainability of family owned firms. The index of effective family business culture also exhibited potential as a predictive non-financial model of family firm performance.

EFFECT OF TARIFF ESCALATION ON GHANAIAN COCOA EXPORTS: AN EMPIRICAL PERSPECTIVE

Directory of Open Access Journals (Sweden)

Ahmed Abdul Aziz

2017-01-01

Full Text Available This study analyses the effects of tariff escalation on Ghanaian cocoa exports in four importing markets: USA, EU, Japan and Malaysia. The study estimates nominal and effective protection coefficients in these markets based on ad-valorem equivalent of applied and bound specific tariffs. Results revealed that, effective protection exists in the Japanese and Malaysian cocoa industries at different stages of processing on both bound and applied tariffs. In contrast, the USA and the EU do not effectively protect their cocoa industries, thus, no tariff escalation on applied tariffs against cocoa imports from Ghana. This study concludes that from a static effect, higher tariffs do have a negative consequence on Ghanaian cocoa exports in these importing countries. From a dynamic perspective however, the relationship between tariff structures in these importing countries and Ghanaian cocoa exports is somewhat ambiguous and each situation has to be viewed on their own merit. A complete elimination of tariffs as a form of trade barrier on Ghanaian cocoa exports does not necessarily imply that Ghana could easily increase its exports of value added cocoa.

78 FR 13011 - Non-Vessel-Operating Common Carrier Negotiated Rate Arrangements; Tariff Publication Exemption

Science.gov (United States)

2013-02-26

... 11353. There were also concerns about the lack of oversight of foreign-based unlicensed NVOCCs. Id. at... request. All records produced must be in English or be accompanied by a certified English translation... agent is designated in the tariff, that it has no knowledge of the identity of the ocean transportation...

The Effect of Financial and Non-Financial Variables to Firm Performance: Comparison Between Indonesia and Thailand

Directory of Open Access Journals (Sweden)

Hasni Yusrianti

2016-04-01

Full Text Available The purpose of this research is to test the effect of financial and non-financial variables to firm performances between Indonesia and Thailand. The observation data used in this study is manufacturing companies from several sectors.  Secondary data was used, collected from Indonesia Stock Exchange and Stock Exchange of Thailand during 2011 - 2013. By combining 3 years research, there are 55 Indonesian companies and 50 Thailand companies that meet predetermined criteria.  Multiple Regression was used to analyze. This study uses Return on Equity, Earnings per Share, Market Value Added as financial variables and Earnings Quality, Institutional Ownership, Independent Commissioner, Audit Committee, Corporate Social Responsibility as non-financial variables. Test results show that both financial and non-financial variables can effect to firm performance.

Empirical assessment of market power in the Alberta wholesale electricity market

International Nuclear Information System (INIS)

Qu, F.

2007-01-01

In the 1990s, many countries began to unbundle regulated electricity monopolies into generation, transmission, distribution and retail companies. Transmission and distribution services remained regulated, but generation and retail services were open for competition. Wholesale and retail electricity markets were created. This paper presented a newly developed competitiveness index specifically for the Alberta market through a simple and standard economic approach. The Alberta Electric Utilities Act came into effect in January 1996. This paper described how the Alberta wholesale electricity market works and demonstrated how to model market power in the electricity market. In this study, power generating companies in Alberta were divided into 2 groups. The first group contained the 5 largest firms called strategic firms, while the other group contained the small generating companies called non-strategic firms or the competitive fringe. In the sample years 2003 and 2004, strategic firms withheld capacity when price was above marginal cost and behaved within the range of competitive pricing. They were more likely to price competitively than to use unilateral market power prices. In addition, firms had higher price-cost margins during the off-peak season. This paper explained in detail the reason for this unusual off-peak pattern. The index to measure a firm's strategic behaviour in the Alberta electricity market was developed according to price-cost margin data where firm-behaviour effect was distinguished from the demand-elasticity effect. It was concluded that policy-makers and regulations should consider the magnitude and source of market power when designing market structure, rules and trading practices. 9 refs., 5 tabs., 2 figs

The dynamic efficiency of feed-in tariffs: The impact of different design elements

International Nuclear Information System (INIS)

Río, Pablo del

2012-01-01

Dynamic efficiency has received much less attention than the effectiveness and static efficiency criteria to assess policies to support electricity from renewable energy sources (RES-E). On the other hand, the literature on RES-E support shows that the choice of design elements within RES-E support instruments is at least as important to successfully promote RES-E as the choice of specific instruments. The aim of this paper is to build a theoretical framework for dynamic efficiency analysis and assess the dynamic efficiency properties of the different design elements of feed-in tariffs. It is shown that, in fact, several design elements can have a significant impact on the different dimensions of dynamic efficiency. Particularly relevant design elements in this context are technology-specific fixed-tariffs, floor prices, degression, reductions of support over time for existing plants, long duration of support and support falling on consumers. In addition, it is shown than some design elements would be more appropriate than others to activate specific dimensions. - Highlights: ► A theoretical framework for dynamic efficiency analysis is built. ► The dynamic efficiency properties of feed-in tariffs design elements are assessed. ► Several design elements have a significant impact on the different dimensions of dynamic efficiency.

The suitability of a feed-in tariff for wind energy in New Zealand—A study based on stakeholders' perspectives

International Nuclear Information System (INIS)

Schaefer, Manuel S.; Lloyd, Bob; Stephenson, Janet R.

2012-01-01

New Zealand (NZ) aims to expand the deployment of wind energy as one means to achieve 90% of electricity generation from renewables by 2025 and in addition to reduce green house gas (GHG) emissions. Due to electricity market regulations that inhibit market entry for independent developers, New Zealand's wind energy development has been limited to primarily large wind farms developed by a handful of electricity utilities. In contrast to many other countries, NZ lacks policy support for entry of smaller investors into the wind generation sector. In order to gage the acceptability of a feed in tariff (FIT) for wind energy in New Zealand, a survey questionnaire (366 respondents) with land owning farmers and semi structured interviews with wind energy stakeholders was conducted. Although international literature suggests that a FIT would be the most suitable policy support scheme to accelerate wind energy deployment, this conclusion was not reached by many influential stakeholders in NZ. However, a majority of the surveyed farmers supported the introduction of a FIT for wind energy. The study also revealed that farmers' acceptance of wind energy in their local area increases with their awareness about climate change issues. - Highlights: ► Of countries in the world with a good wind regime, NZ has a low level of policy support for wind energy. ► A survey of landowning farmers in NZ (366 respondents) indicated support for a feed in tariff for wind energy. ► The major electricity generators, however, did not indicate support for a feed in tariff. ► A low level of recognition of climate change being anthropogenic was found among landowning farmers.

The effect of feed-in tariffs on the production cost and the landscape externalities of wind power generation in West Saxony, Germany

International Nuclear Information System (INIS)

Drechsler, Martin; Meyerhoff, Jürgen; Ohl, Cornelia

2012-01-01

Although wind power is currently the most efficient source of renewable energy, the cost of wind electricity still exceeds the market price. Subsidies in the form of feed-in tariffs (FIT) have been introduced in many countries to support the expansion of wind power. These tariffs are highly debated. Proponents say they are necessary to pave the way for decarbonising energy production. Opponents argue they prevent a welfare-optimal energy supply. Thus, in a case study we try to shed light on the welfare economic aspect of FIT by combining spatial modelling and economic valuation of landscape externalities of wind turbines. We show for the planning region West Saxony, Germany, that setting FIT in a welfare optimal manner is a challenging task. If set too high the production costs are overly increased, lowering social welfare. If set too low energy production targets may not be reached and/or external costs are overly increased, again lowering social welfare. Taking a closer look at the tariffs offered by the German Renewable Sources Energy Act we find for West Saxony that the tariffs quite well meet economic welfare considerations. One should note, however, that this finding might apply only to the present data set. - Highlights: ► We analyse the effect of feed-in tariffs on the cost of wind power production. ► Low tariffs imply low production costs but high external costs. ► High tariffs imply high production costs but low external costs. ► Optimal tariff is a delicate balance between opposing policy goals.

Are Family Firms Better Performers during Financial Crisis?

DEFF Research Database (Denmark)

Zhou, Haoyong

(Italy) during the period 2006-2010, I give empirical evidences examining the performance of family firms vis-à-vis non-family firms during the current financial crisis. I find that broadly defined family firms, comprising 35 percent of the sample, do not outperform non-family firms during the crisis...... that in the financial crisis, founder firms bear the least agency cost and Tobin’s Q is not a good measure of corporate performance.......Despite extensive researches on efficiency of family firms in normal or good economic times, we know rather little about whether family firms are superior performers in recession times. Using a dataset covering firms from S&P 500 (US), FTE100 (UK), DAX 30 (Germany), CAC 40 (France) and FTSE MIB 40...

The Evaluation of Feed-in Tariff Models for Photovoltaic System in Thailand

Directory of Open Access Journals (Sweden)

Sagulpongmalee Kangsadan

2016-01-01

Full Text Available Thailand is targeted to reach 6,000 MW of total installed PV capacity by 2036. Feed-in tariff (FIT was one of the most successful PV mechanisms of Thailand for promoting PV generated electricity. The evaluation of the FIT models for PV in Thailand which was designed 3 models such as premium price FIT model (Adder in the first FIT policy to motivate attention on investment in PV power plant. After that used fixed price FIT model for PV ground-mounted and front-end loaded FIT model for solar rooftop. In addition to, Thailand has project-specific tariff design which FIT rates are differentiated tariff payment levels by technology, capacity size, and quality of the resource. As result of FIT policies, the PV installation is 1,287 MW of cumulative capacity in 2014. Furthermore, the financial evaluation of FIT for PV project in Thailand found that Net Present Value (NPV 32.97 million Baht, Internal Rate of Return (IRR 13.22%, payback period 8.86 years and B/C ratio was 1.66 which must be implemented in conjunction with other financial support measures such as low interest loans, tax benefits, etc. The several incentives to promote PV in Thailand especially FIT shown as PV projects are to be profitable and incentives to investors.

Firmness at Harvest Impacts Postharvest Fruit Softening and Internal Browning Development in Mechanically Damaged and Non-damaged Highbush Blueberries (Vaccinium corymbosum L.).

Science.gov (United States)

Moggia, Claudia; Graell, Jordi; Lara, Isabel; González, Guillermina; Lobos, Gustavo A

2017-01-01

Fresh blueberries are very susceptible to mechanical damage, which limits postharvest life and firmness. Softening and susceptibility of cultivars "Duke" and "Brigitta" to developing internal browning (IB) after mechanical impact and subsequent storage was evaluated during a 2-year study (2011/2012, 2012/2013). On each season fruit were carefully hand-picked, segregated into soft (<1.60 N), medium (1.61-1.80 N), and firm (1.81-2.00 N) categories, and then either were dropped (32 cm) onto a hard plastic surface or remained non-dropped. All fruit were kept under refrigerated storage (0°C and 85-88% relative humidity) to assess firmness loss and IB after 7, 14, 21, 28, and 35 days. In general, regardless of cultivar or season, high variability in fruit firmness was observed within each commercial harvest, and significant differences in IB and softening rates were found. "Duke" exhibited high softening rates, as well as high and significant r 2 between firmness and IB, but little differences for dropped vs. non-dropped fruit. "Brigitta," having lesser firmness rates, exhibited almost no relationships between firmness and IB (especially for non-dropped fruit), but marked differences between dropping treatments. Firmness loss and IB development were related to firmness at harvest, soft and firm fruit being the most and least damaged, respectively. Soft fruit were characterized by greater IB development during storage along with high soluble solids/acid ratio, which could be used together with firmness to estimate harvest date and storage potential of fruit. Results of this work suggest that the differences in fruit quality traits at harvest could be related to the time that fruit stay on the plant after turning blue, soft fruit being more advanced in maturity. Finally, the observed differences between segregated categories reinforce the importance of analyzing fruit condition for each sorted group separately.

Cash Holdings and Leverage of German Listed Firms

DEFF Research Database (Denmark)

Rapp, Marc Steffen; Killi, Andreas Maximilian

2016-01-01

We examine cash holdings and leverage levels of German listed (non-financial and non-utility) firms. We document a secular increase in cash ratios over the last twenty years (1992–2011), reducing the net debt book leverage ratio for the average sample firm close to zero. Using prediction models...... firms are associated with measures of uncertainty faced by firms. Our results suggest that German firms have increased (reduced) their cash (net debt leverage) levels over time in order to adopt more precautionary financial policies....

Development of the Electricity Market in Macedonia and Future Challenges

International Nuclear Information System (INIS)

Taleski, R.; Cerepnalkovski, T.

2008-01-01

The power sector in the Republic of Macedonia started the restructuring process in 2000 by corporatization of the state owned vertically integrated utility 'Elektrostopanstvo na Makedonija' (ESM). However, major changes happened after 2003. First, an independent Energy Regulatory Commission (ERC) was established and later ESM was unbundled into three companies: MEPSO (TSO), 'ELEM' (Generation) and ESM-Distribution (DSO). The market model that was adopted, in essence, was a combination of the Single Buyer and wholesale competition models. The idea was to establish a transitional legal framework that would later be further developed to allow competition on retail level in accordance with EU directives and the SEE Energy Treaty. The wholesale competition was meant for the large industrial customers that had right to choose if they would buy electricity in the (regional) market or stay on the tariff system. However, since there is no competition on generation level in the country, and regional market prices were higher than the regulated prices, the wholesale component didn't really worked. In 2007 and 2008 the Energy law was changed to enforce the wholesale competition. With these changes MEPSO was replaced by ELEM to serve as Single buyer for captive (distribution) customers. Although the Government of Macedonia (GoM) claimed that these changes further enhance the market model, in reality they provide very little (if any) improvements in the sector since 2005. As a result, there were no possibilities to open the market for all non-residential customers as of January 1, 2008. There are several reasons that led to stagnation in the liberalization process. Failure to develop a number of secondary legislation documents and very low electricity prices for captive customers were probably the most relevant issues. In order to proceed with the liberalization process relevant institutions need to develop market code, establish sustainable balancing market, and upgrade the

Real Time Pricing and the Real Live Firm

Energy Technology Data Exchange (ETDEWEB)

Moezzi, Mithra; Goldman, Charles; Sezgen, Osman; Bharvirkar, Ranjit; Hopper, Nicole

2004-05-26

Energy economists have long argued the benefits of real time pricing (RTP) of electricity. Their basis for modeling customers response to short-term fluctuations in electricity prices are based on theories of rational firm behavior, where management strives to minimize operating costs and optimize profit, and labor, capital and energy are potential substitutes in the firm's production function. How well do private firms and public sector institutions operating conditions, knowledge structures, decision-making practices, and external relationships comport with these assumptions and how might this impact price response? We discuss these issues on the basis of interviews with 29 large (over 2 MW) industrial, commercial, and institutional customers in the Niagara Mohawk Power Corporation service territory that have faced day-ahead electricity market prices since 1998. We look at stories interviewees told about why and how they respond to RTP, why some customers report that they can't, and why even if they can, they don't. Some firms respond as theorized, and we describe their load curtailment strategies. About half of our interviewees reported that they were unable to either shift or forego electricity consumption even when prices are high ($0.50/kWh). Reasons customers gave for why they weren't price-responsive include implicit value placed on reliability, pricing structures, lack of flexibility in adjusting production inputs, just-in-time practices, perceived barriers to onsite generation, and insufficient time. We draw these observations into a framework that could help refine economic theory of dynamic pricing by providing real-world descriptions of how firms behave and why.

Electricity tariffs used as an energy policy measure, progressive rates etc. Tariffer anvendt som styringsmiddel - progressive tariffer m. m

Energy Technology Data Exchange (ETDEWEB)

Tohmatsu, Takaomi

1987-01-01

Japan is scarce in natural resources, and 90% of our primary energy is imported from foreign countries (1973 statistics). This percentage is extremely high compared to other countries, and only since the first oil ''shock'' of 1973 to 74 has ''Energy Saving'' become the most important and urgent target of Japanese economic policies. The electricity supply industry is no exception. Since the industry occupies a vital share of national energy supplies, the electricity rate system was regarded as one of the most important tools for promoting energy saving. The best example is the ''incremental rate system'' adopted at the time of rate revision in 1974. Electricity costs soared after the first oil crisis, and the government's Electric Utility Industry Council, an advisory board to the Minister of International Trade and Industry (MITI), issued a recommendation to adopt the ''incremental rate system'' as follows: 1. special rate system for power customers; 2. three block inverted rate system for lighting customers. The energy situation has changed and the incremental rate system seems to have terminated its role. However, the Japanese structure of energy supply is still vulnerable to situational changes, and we believe it necessary to continue promoting energy saving efforts. The role of the rate system is changing from such systems as the ''incremental rate system'' which aims to directly control energy consumption. to such systems as a ''midnight power rate'' or a ''seasonal and time of use rate'' which is aimed at load leveling as well as energy saving. In any case, the responsibility of the electricity supply industry to save energy and reduce service costs, must be achieved through the development of electricity utilization technology and improvements to rate system. We are determined to continue further study with this point of view. (EG).

14 CFR 221.102 - Accessibility of tariffs to the public.

Science.gov (United States)

2010-01-01

... 14 Aeronautics and Space 4 2010-01-01 2010-01-01 false Accessibility of tariffs to the public. 221.102 Section 221.102 Aeronautics and Space OFFICE OF THE SECRETARY, DEPARTMENT OF TRANSPORTATION... Inspection § 221.102 Accessibility of tariffs to the public. Each file of tariffs shall be kept in complete...

A Reasonable Price for Electricity

NARCIS (Netherlands)

Pront-van Bommel, S.

2016-01-01

Over the past decade, consumers’ electricity costs have risen disproportionally compared with the average inflation rate, mostly as the result of increased network tariffs and taxes. This development appears to be at odds with the stated purpose of introducing competition into the electricity sector

Bill for a new organization of the electricity market. Final Text

International Nuclear Information System (INIS)

2010-01-01

This text contains the new arrangements introduced to organize the concurrence and the competitiveness in the distribution of the electricity produced in France notably that produced by EDF in the French nuclear power plants. It defines the legal framework for agreements between EDF and electricity providers, i.e. prices and quantities of electricity, purchase obligations. It also defines obligations of the providers with respect to users. It addresses the relationship between local communities and these providers, tariffs, works realized on the network. It also addresses the purchase price of hydroelectricity and of electricity produced from biomass, gas tariff

76 FR 61956 - Electronic Tariff Filing System (ETFS)

Science.gov (United States)

2011-10-06

...] Electronic Tariff Filing System (ETFS) AGENCY: Federal Communications Commission. ACTION: Final rule... with the Commission's Electronic Tariff Filing System (ETFS), Report and Order (Order). This notice is...: Pamela Arluk, Pricing Policy Division, Wireline Competition Bureau, at (202) 418-1520, or email: pamela...

Participatory environmental governance in China: public hearings on urban water tariff setting.

Science.gov (United States)

Zhong, Li-Jin; Mol, Arthur P J

2008-09-01

In the late 1990s China started to expand its market economic reform to the public sector, such as water services. This reform led to major changes in urban water management, including water tariff management. The reforms in water tariff management relate not only to tariffs, but also to the decision-making on tariffs. Water tariff decision-making seems to move away from China's conventional mode of highly centralized and bureaucratic policy- and decision-making. The legalization, institutionalization and performance of public hearings in water tariff management forms a crucial innovation in this respect. This article analyzes the emergence, development and current functioning of public hearings in water tariff setting, and assesses to what extent public hearings are part of a turning point in China's tradition of centralized bureaucratic decision-making, towards more transparent, decentralized and participative governance.

Sectoral electricity elasticities in South Africa: Before and after the supply crisis of 2008

Directory of Open Access Journals (Sweden)

James Blignaut

2015-09-01

Full Text Available In this paper, we estimate the price elasticity of electricity for various industrial sectors of the South African economy from 2002 to 2011. The data used include sectoral electricity consumption data and electricity tariff data, both courtesy of Eskom as well as output data based on national statistics. The most important contribution this paper makes is that it includes the period after the sharp rises in electricity tariffs in 2007/2008 following a period of load-shedding and insecurity in electricity supply. Previous studies have included data only until 2007 and, for the most part, have found statistically insignificant, positive elasticities. However, for the period post-2007, we found statistically significant and negative elasticities for 9 of the 11 sectors considered. Our results show that the majority of industrial sectors have become much more sensitive to changes in the price of electricity following 2007/2008, indicating to policymakers that tariff restructuring might influence consumer behaviour significantly.

19 CFR 10.606 - Filing of claim for tariff preference level.

Science.gov (United States)

2010-04-01

... tariff preference level. A cotton or man-made fiber apparel good of Nicaragua described in § 10.607 of... preference level (TPL). To make a TPL claim, the importer must include on the entry summary, or equivalent... applicable subheading in Chapter 61 or 62 of the HTSUS under which each non-originating cotton or man-made...

Tariff Reduction Effects of WTO/DDA Agricultural Negotiations: Analysis of the Chairman's Second Draft Text

Directory of Open Access Journals (Sweden)

Se-Kyun Choi

2003-06-01

Full Text Available The average tariff reduction rate is 20% point higher in five developed countries analyzed in this study compared to five developing countries following the direction offered by the Chairman's Draft Text. Average tariff reduction rates are 31.6% for the five developing countries and 51.4% for the five developed countries. Korea's tariff reduction rate reaches to 36.1%, the highest reduction in developing countries, when Korea retains the developing country status. When Korea makes tariff reductions following the direction for developed countries, the average tariff reduction rate rises to 55.8%. Tariff reductions following the second Draft Text affect the tariff structure. Tariff escalation, dispersion and peaks can be mitigated by applying the tariff reduction methods proposed in the Second Draft Text. Tariff reductions give rise to the effects of reducing tariff escalation problem and the effects are stronger for the commodities with higher tariff rates and in developed countries. The average tariff rate for tariff peak commodities is reduced by 40% in developing countries and by 60% in developed countries. Tariff dispersion is also mitigated by reducing tariff rates. The difference of the average tariff rate between Korea and Australia is reduced to 38.5% from 59.8% by cutting tariff rates with the rules proposed in the second Draft Text. Korea needs to prepare the Country Schedule in advance to evaluate the potential outcome of the tariff cut following the Draft Text and to capture various voices from producers, consumers and other related institutions. For the preparation of the Country Schedule, Korea needs to decide minimum tariff cut items within a group of the commodity classified by tariff rates and this procedure requires discussion among producer and consumer groups.

On the Effects of Non-Tariff Measures on Brazilian Exports

Directory of Open Access Journals (Sweden)

LUCAS P. DO C. FERRAZ

Full Text Available This article estimates the effects of TBT/SPS measures on Brazilian exports, based on the recent literature of gravity models. A Heckman selection model - theoretically grounded on the seminal Melitz model of heterogeneous firms - highlights the role played by zero trade flows as well as firm heterogeneity for estimations using gravity equations, two factors usually omitted in standard specifications. We show that both extensive and intensive margins of Brazilian exports are, on average, negatively affected by pre-existing TBT and SPS measures. Moreover, we contribute to the empirical literature by providing comprehensive evidence of the sectoral effects of such measures over domestic exports. We find that TBT/SPS measures - though predominantly harmful - can foster exports in several sectors of the Brazilian economy.

Netherlands Electricity Regulatory Service DTe. Internet site

International Nuclear Information System (INIS)

1999-01-01

The implementation of the Dutch Electricity Law and the observance of compliance with the law is commissioned to the Netherlands Electricity Regulatory Service DTe. Their Internet site contains several full-text documents related to the tasks of DTe (mainly with respect to tariffs and transportation of electricity)

Unbundled infrastructure firms: Competition and continuing regulation

Science.gov (United States)

Hogendorn, Christiaan Paul

Unbundled infrastructure firms provide conduits for electricity transmission, residential communications, etc. but are vertically disintegrated from "content" functions such as electricity generation or world-wide-web pages. These conduits are being deregulated, and this dissertation examines whether the deregulated conduits will behave in an efficient and competitive manner. The dissertation presents three essays, each of which develops a theoretical model of the behavior of conduit firms in a market environment. The first essay considers the prospects for competition between multiple conduits in the emerging market for broadband (high-speed) residential Internet access. It finds that such competition is likely to emerge as demand for these services increase. The second essay shows how a monopoly electricity or natural gas transmission conduit can facilitate collusion between suppliers of the good. It shows that this is an inefficient effect of standard price-cap regulation. The third essay considers the supply chain of residential Internet access and evaluates proposed "open access" regulation that would allow more than one firm to serve customers over the same physical infrastructure. It shows that the amount of content available to consumers does not necessarily increase under open access.

Privatizing electricity: Pt. 3

International Nuclear Information System (INIS)

Bindon, F.J.L.

1992-01-01

In these early years of electricity privitization in the United Kingdom, it is impossible to draw any firm conclusions about whether this particular government policy has benefited the country as a whole. This article examines early trends in the economic fortunes of National Power and Power Gen the two non-nuclear utilities and Nuclear Electric, which generate power in England and Wales, as well as Scottish Power, Scottish Hydro and Scottish Nuclear which generate power for Scotland. (UK)

Analysis of renewable energy incentives in the Latin America and Caribbean region: The feed-in tariff case

International Nuclear Information System (INIS)

Jacobs, David; Marzolf, Natacha; Paredes, Juan Roberto; Rickerson, Wilson; Flynn, Hilary; Becker-Birck, Christina; Solano-Peralta, Mauricio

2013-01-01

Renewable energy is becoming a priority for Latin America and Caribbean (LAC) countries because of energy challenges such as demand growth, high dependence on imported fossil fuels, and climate change. As of 2010, 12 LAC countries have implemented formal targets for renewable energy deployment. Some of the LAC countries, namely Argentina, Dominican Republic, Ecuador, Honduras, and Nicaragua, are using feed-in tariffs (FITs) to promote renewables. FITs are long-term, guaranteed purchase agreements for green electricity at a price that can provide project developers a reasonable return on investment. FITs are increasingly popular because if designed well, they can mitigate investor risk in renewables. This article presents a low-risk FIT design and then uses this design to benchmark the existing LAC region FITs. - Highlights: ► 12 LAC countries have implemented formal targets for renewable energy deployment. ► Argentina, Dominican Republic, Ecuador, Honduras, and Nicaragua, are using feed-in tariffs (FITs) to promote renewables. ► Low-risk FIT design of feed-in tariffs in the LAC region can be improved

Long-term effect of feed-in tariffs and carbon taxes on distribution systems

International Nuclear Information System (INIS)

Wong, S.; Bhattacharya, K.; Fuller, J.D.

2010-01-01

Ontario's deregulated energy sector promotes the production of clean or renewable energy by small power producers through distributed generation (DG). This presentation examined the policies that could be utilized to encourage DG investment and incorporated them into a mathematical model that was used to develop scenarios for examining the economic and environmental supply-side effects of policies on a distribution system over a ten year period. The policies that were analyzed included a combination of feed-in-tariffs; a carbon dioxide tax; and cap-and-trade schemes. The presentation discussed the results in terms of the Ontario electricity market and the standard offer program, implemented on a 32-bus radial distribution system. In addition, the presentation described a distribution system planning model that was suitable for examining the impact of regulatory policies on DG unit investments by small power producers (SPP) or the local distribution company (LDC). Three major policy cases representing a SPP-inclusive environment, a SPP-friendly environment incorporating feed-in tariffs, and a tightly regulated system with only the LDC participating were applied to the 32-bus radial distribution system using market and incentive rates currently in place. It was concluded that without additional incentives, DG units are close to being viable. Feed-in-tariffs, such as that in Ontario, are necessary to increase investments in combined heat and power and solar-photovoltaic units. refs., tabs., figs.

Does internationalization foster firm performance?

NARCIS (Netherlands)

van den Berg, Marcel

2014-01-01

The research in this dissertation concerns the impact of internationalization of business activities on several dimensions of firm performance. We show that the productivity ranking by trade status of Dutch manufacturing firms in increasing order of productivity is: non-traders, importers, exporters

Tariff regulation and profitability of energy networks. A model analysis for TenneT TSO

International Nuclear Information System (INIS)

Mulder, M.

2010-12-01

In this paper we analyse the impact of the regulatory framework for the new regulatory period (2011-2013) on the long-term profitability of TenneT TSO, the operator of the high-voltage electricity network in the Netherlands. Long-term profitability is a key component of the financeability of a firm. In the long run, the return on capital should be at least equal to the opportunity costs of capital in order to finance investments. As the ultimate indicator for the long-term profitability, we use the net present value of economic profit, which is the difference between total revenues and total costs, including a normal return on capital. In order to simulate the future financial development of the TSO, we developed a model. On the basis of the model analysis, making a number of methodological assumptions, we conclude that the tariff regulation results in a positive long-term profitability, implying that the regulatory framework enables TenneT TSO to finance its investments in replacement and network expansion. In the long run all costs, including the normal costs of capital, will be fully compensated by the revenues, resulting in a (slightly) positive net present value of economic profit. This conclusion is subject to the condition that the TSO eliminates the existing inefficiencies in the network and that it is able to annually improve its overall efficiency. If this condition is not met, the shareholder might face a loss of more than one hundred million Euros.

Firm-specific impacts of CO_2 prices on the stock market value of the Spanish power industry

International Nuclear Information System (INIS)

Pereira da Silva, Patricia; Moreno, Blanca; Figueiredo, Nuno Carvalho

2016-01-01

European Union carbon emissions allowances (EUA) price fluctuations can affect electricity companies' stock market values as these oscillations may change firms' profitability and thus investors' decisions. This outcome can differ not only contingent on the EU ETS Phase, but also on firms' generation mix. Moreover, stock markets may react differently to EUA increases in comparison to decreases, thus asymmetrically. By using daily data from January 2008 to July 2014, this article analyses long-run equilibrium relations and short-run interactions between the aggregated electricity industry stock market returns and EUA price changes. Moreover, we test if the relationship between EUA price variations and electricity stock returns is asymmetric and if the carbon price effect and the asymmetry are power firm-specific. Adding to earlier studies, we initially provide an inspection of the individual impact of EU ETS Phase II and on-going Phase III; followed by a comparative analysis between power firms which core activity relies on renewable energy sources and those whose sources are fundamentally non-renewable ones. A statistically significant positive long-run impact of EU ETS on the aggregated power sector stock market return is found concerning Phase II and works asymmetrically. Moreover, evidence is provided demonstrating that asymmetry and EUA effects are power firm-specific. - Highlights: •EU ETS impacts on stock market returns of Spanish power sector. •Long-run positive effect of EU ETS on market returns is found only in Phase II. •No short-run effects were found. •EUA price effect is company-specific.

22 CFR 91.3 - Assistance to Customs and Tariff Commission representatives.

Science.gov (United States)

2010-04-01

... 22 Foreign Relations 1 2010-04-01 2010-04-01 false Assistance to Customs and Tariff Commission... CONTROLS § 91.3 Assistance to Customs and Tariff Commission representatives. Consular officers shall render all proper assistance to Customs and Tariff Commission representatives abroad to aid them in the...

On tariffs of the transport and electricity distribution network. Stage report of the economic analysis group; Groupe d'expertise economique sur la tarification des reseaux de transport et de distribution de l'electricite. Rapport d'etape

Energy Technology Data Exchange (ETDEWEB)

NONE

1999-08-17

This report contains an Introduction, seven Sections, Conclusions and Summary of Recommendations, a Glossary and three Appendices. In the Introduction the work of the group is presented, the question of the access to the network is outlined and the approach adopted by the group is explained. The Section 1 is titled 'The electricity market and the questions raised by the access to network. The following issues are exposed: - Institutional and regulation context; - Transposition of the directive 96/92/CE within member states; - The effects of offer expected by France; - Expected effects for electricity consumers; - Abroad experience in organizing the access; - The role of the Electricity Regulation Commission and the objectives of tariffing and rules of access to transport network. The second section presents the characteristics of the Management of Distribution Network (GRT) and identification of the costs. The following items are treated: - Definition and description of the transport network; - Network development; - European interconnections; - Technical constraint; - Organization of GRT; - Calculation of transport; - Remuneration of capital; - Distribution, the transport's end-of-the-road; - Costs to recover: definition, problems of measurement and verification; - Transitory tariffs. The third section is titled 'Introduction to an economic approach' and it presents the nodal tariffing and an outlook of practical solutions. The forth section tackles with the main options in tariffing. Six issues are exposed: - The main choices to do; - Choosing between postal stamp and distant tariffing; - Sharing between producer and consumers; - Economic relevance of the postal stamp type formulas; - Sharing between energy and power; - A proposal of tariff structure. The Section 5 is devoted to tariffs for international transports. The following issues are exposed: - Specific questions posed by transfrontier contracts; - European Union frame; - Connection

Electrical applications 2

CERN Document Server

Tyler, David W

1998-01-01

Electrical Applications 2 covers the BTEC NII level objectives in Electrical Applications U86/330. To understand the applications, a knowledge of the underlying principles is needed and these are covered briefly in the text. Key topics discussed are: the transmission and distribution of electrical energy; safety and regulations; tariffs and power factor correction; materials and their applications in the electrical industry; transformers; DC machines; illumination; and fuse protection. Included in each chapter are worked examples which should be carefully worked through before progressing to t

Definition of Distribution Network Tariffs Considering Distribution Generation and Demand Response

DEFF Research Database (Denmark)

Soares, Tiago; Faria, Pedro; Vale, Zita

2014-01-01

The use of distribution networks in the current scenario of high penetration of Distributed Generation (DG) is a problem of great importance. In the competitive environment of electricity markets and smart grids, Demand Response (DR) is also gaining notable impact with several benefits for the wh......The use of distribution networks in the current scenario of high penetration of Distributed Generation (DG) is a problem of great importance. In the competitive environment of electricity markets and smart grids, Demand Response (DR) is also gaining notable impact with several benefits...... the determination of topological distribution factors, and consequent application of the MW-mile method. The application of the proposed tariffs definition methodology is illustrated in a distribution network with 33 buses, 66 DG units, and 32 consumers with DR capacity...

Analisa Pengaruh Leadership Style terhadap Firm Performance melalui Learning Organization dan Employee Satisfaction (Studi Kasus pada Perusahaan Sektor Non-manufaktur di Surabaya)

OpenAIRE

Kristanti, Florentina

2014-01-01

Penelitian ini bertujuan untuk mengetahui pengaruh langsung yang signifikan dari leadership style terhadap learning organization, leadership style terhadap employee satisfaction, learning organization terhadap firm performance, employee satisfaction terhadap firm performance, learning organization terhadap employee satisfaction, dan leadership style terhadap firm performance pada Perusahaan non-manufaktur di Surabaya. Penelitian ini berbentuk penelitian kuantitatif, dimana data diperoleh mela...

Costs and Tariff

Indian Academy of Sciences (India)

... of magnitude as construction costs. Proposed Civil Nuclear Liability Bill 2008: Reactor operators liable for accidents; must take insurance for Rs. 100-300 crores. Tariff: Despite all this, NPCIL claims it will not cost customers more than Rs. 4 per unit incl. waste disposal and decommish. It wont be easy. We wish them luck !

Do Treasure Islands Create Firm Value?

DEFF Research Database (Denmark)

Choy, Siu Kai; Lai, Tat-kei

On October 11, 2011, a non-governmental organization called ActionAid published a report condemning the FTSE 100 firms for holding an unusually large number of subsidiaries in tax havens. Urging the government to take appropriate actions, the report raised the firms’ costs of holding tax haven...... subsidiaries. After this event, there was a 0.9% drop in cumulative abnormal returns among the non-financial firms (corresponding to about £9 billion in market capitalization), more so for better-governed firms and those with larger shares of subsidiaries in tax havens. We find some evidence that government...

Reducing the power load by means of seasonal tariffs

International Nuclear Information System (INIS)

2000-01-01

It has been found that, on a typical winter day, a network tariff that depends on the season may lead to a 5 per cent reduction in the power load of a row house. This is one of the results of a project which investigated the effect of season-dependent tariffs with 108 customers in Trondheim, Norway. For flats in blocks, the impact was insignificant and evidently other instruments were required. Results from this project and other projects in the 'End-user market' have been important for the proposed new seasonally differentiated tariffs. The effect of time variable network tariffs has been tested with 20 commercial customers in Trondheim over a period of three years and 13 of these customers adapted themselves actively to the new tariff and achieved a reduction of the peak load of from five to three per cent. In the summer, the price was about half that of a winter day. It is critical for the intended effect to occur that the arrangement is long-lasting and predictable for the customer. This contributes to increased adaptation and investment in the necessary equipment

Overall review of feed-in tariff and renewable portfolio standard policy: A perspective of China

Science.gov (United States)

Yan, Q. Y.; Zhang, Q.; Yang, L.; Wang, X.

2016-08-01

A major share of China's total carbon dioxide (CO2) emissions is from the electric power sector. To solve this problem, Chinese government has implemented many renewable energy policies in the electric power sector. In China, the most popular renewable energy policies are Feed-in tariff (FIT) and renewable portfolio standard (RPS). This paper first introduces the current development of renewable electricity generation. Second the design plan and implement of FIT and RPS in China's thermal electricity generation sector are summarized in this paper. Third this paper establishes a complementary mode of FIT and RPS which can provide a stable environment to make the FIT and RPS work together. Finally, based on the above analysis, this paper proposes relative suggestions for the implementation of FIT and RPS in China making recommendation for the development of electricity generation from renewable energy.

INNOVATIVE APPROACH IN THE COMPULSORY HEALTH INSURANCE TARIFF SETTING

Directory of Open Access Journals (Sweden)

M. Yu. Zasypkin

2015-02-01

Full Text Available Development of a single channel financing in the health system of the Russian Federation based on the standards of the compulsory health insurance (CHI requires a single channel financing of the health system through the CHI as one of the main direction using payment of the medical services in the form of so-called «full» tariff [1-12].It is not a secret that for many years the medical services tariff in the CHI system contained from only five items of expenditures (salary, charges on payroll, soft goods and clothing, medicines, bandages, other medical expenses, and food. On one hand, such defective tariff was based on the parallel government financing of the medical institutions (MIs, on the other hand, because of this tariff, the manager was hoppled in the control of the financial flows.

EXTENDING NUCLEAR ENERGY TO NON-ELECTRICAL APPLICATIONS

Energy Technology Data Exchange (ETDEWEB)

R. Boardman; M. McKellar; D. Ingersoll; Z. Houghton; , R. Bromm; C. Desportes

2014-09-01

Electricity represents less than half of all energy consumed in the United States and globally. Although a few commercial nuclear power plants world-wide provide energy to non-electrical applications such as district heating and water desalination, nuclear energy has been largely relegated to base-load electricity production. A new generation of smaller-sized nuclear power plants offers significant promise for extending nuclear energy to many non-electrical applications. The NuScale small modular reactor design is especially well suited for these non-traditional customers due to its small unit size, very robust reactor protection features and a highly flexible and scalable plant design. A series of technical and economic evaluation studies have been conducted to assess the practicality of using a NuScale plant to provide electricity and heat to a variety of non-electrical applications, including water desalination, oil refining, and hydrogen production. The studies serve to highlight the unique design features of the NuScale plant for these applications and provide encouraging conclusions regarding the technical and economic viability of extending clean nuclear energy to a broad range of non-electrical energy consumers.

Audit report on social tariffs of energy

International Nuclear Information System (INIS)

2013-07-01

This document reports an audit study performed by the ADEME and related to energy social tariffs, to their modalities and distribution costs, and aimed at proposing recommendations to improve these arrangements or to create a new one. In a first part, it outlines that these tariffs are apparently based on simple and fair principles, describes how eligible households are identified, outlines that these tariffs do not solve arrangement structural inequity between heating modes, that the awarded amount depends on too many parameters, that providers are totally reimbursed (sometimes even more), and that the arrangement is still insufficient to solve the problem of energy poverty. The second part addresses operational modalities and highlights their complexity. Recommendations are then stated which are aimed at consolidating and simplifying them, and at modifying them to create an actual energy shield

Risk-based assessment of the cost-efficiency and the effectivity of renewable energy support schemes: Certificate markets versus feed-in tariffs

International Nuclear Information System (INIS)

Fagiani, Riccardo; Barquín, Julián; Hakvoort, Rudi

2013-01-01

The introduction of renewable energy sources in the electricity generation mix has the potential to reduce power sector's emissions and countries' dependence on imported oil. Climate change concerns and highly volatile oil prices have attracted governments' interest and support to sustain investments in renewable energy capacity, and different support policies have been implemented in many countries around the world. This paper analyzes the effects of investors' risk aversion on the performance of support schemes. The analysis compares two policy options, a feed-in tariff mechanism with a certificate market system. Results show that while a tariff mechanism could obtain better results than a certificate market, its performance is strictly dependent on regulator choices. A certificate market instead, permits to obtain the desired level of renewable energy market share with good cost-efficiency as long as investors' risk aversion is moderate. Moreover, discounting future cash flows with higher social discount rates further benefits a certificate system making it preferable to feed-in tariffs. - Highlights: ► Paper analyzes the performance of feed-in tariffs and certificate markets. ► Model simulates the evolution of a power system considering investors' risk aversion. ► Tariffs could obtain better efficiency but also low effectiveness or over-investment. ► Barriers to entrance could result in higher certificates prices. ► Certificate performances benefit from higher social discount rates

The electric power sector in Iceland

International Nuclear Information System (INIS)

Ingimarsson, J.

1992-01-01

In Iceland the government must give permission for the building of a power station etc. but in practise the power plant administrators determine the tariffs. The structure of electric power supply mirrors a strong engagement on the part of the state and the local authorities. Almost all the power plants and distribution systems are state owned or owned by both the state and the local authorities, and so constitute a monopoly, producing 93% of the total amount of electricity supply. Government policy in this field, the Icelandic electric power distribution system and the setting of electricity prices are briefly described. It is claimed that there would be economical advantages in restructuring the distribution network and that the government favours an increase in possibilities for competition and making legislative changes. This will mean that in the future the market will play a more important role and that power plant administrators must review their duties regarding consumer satisfaction, tariffs etc. (AB)

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.

49 CFR 1312.2 - Requirement to publish and file a tariff.

Science.gov (United States)

2010-10-01

..., and advertising and promotional material. (d) Effect of filing. The tender of a tariff and its receipt... tariff that is on file with the Board and in effect under this part. (b) Adherence to tariff. The carrier... laws, the Board's regulations, or any decision of the Board or a court, or have any effect on the...

Report made on behalf of the commission of economic affairs about the proposal of law aiming at authorizing the end-users to get back to the regulated power supply tariff, about the proposal of law aiming at authorizing the reversibility of the use of eligibility rights for the purchase of electric power, and about the proposal of law aiming at preserving the purchasing power of households by maintaining the regulated prices of electricity and natural gas

International Nuclear Information System (INIS)

2007-01-01

This report concerns the examination of three proposals of law in relation with the regulated prices of electricity and gas. Since July 1, 2007, the French households can freely quit their historical energy supplier and subscribe to other suppliers with de-regulated energy prices. In front of the rise of free energy prices observed during the last years, some households who made the choice of free tariffs have encountered serious financial problems. For this reason, a law is proposed by the commission of economic affairs which aims at allowing the end-users to get back to the regulated tariffs of electricity and gas. (J.S.)

Harmonized Tariff Schedule of the United States (2015) - Revision 1

Data.gov (United States)

US International Trade Commission — This dataset is the 2015 Harmonized Tariff Schedule Revision 1 effective July 1, 2015. It provides the applicable tariff rates and statistical categories for all...

Identifying options for regulating the coordination of network investments with investments in distributed electricity generation

International Nuclear Information System (INIS)

Nisten, E.

2010-02-01

The increase in the distributed generation of electricity, with wind turbines and solar panels, necessitates investments in the distribution network. The current tariff regulation in the Dutch electricity industry, with its ex post evaluation of the efficiency of investments and the frontier shift in the x-factor, delays these investments. In the unbundled electricity industry, the investments in the network need to be coordinated with those in the distributed generation of electricity to enable the DSOs to build enough network capacity. The current Dutch regulations do not provide for a sufficient information exchange between the generators and the system operators to coordinate the investments. This paper analyses these two effects of the Dutch regulation, and suggests improvements to the regulation of the network connection and transportation tariffs to allow for sufficient network capacity and coordination between the investments in the network and in the generation of electricity. These improvements include locally differentiated tariffs that increase with an increasing concentration of distributed generators.

Network investments and the integration of distributed generation: Regulatory recommendations for the Dutch electricity industry

International Nuclear Information System (INIS)

Niesten, Eva

2010-01-01

An increase in the distributed generation of electricity necessitates investments in the distribution network. The current tariff regulation in the Dutch electricity industry, with its ex post evaluation of the efficiency of investments, average benchmarking and a frontier shift in the x-factor, delays these investments. In the unbundled electricity industry, the investments in the network need to be coordinated with those in the distributed generation of electricity to enable the system operators to build enough network capacity. The current Dutch regulations do not provide for a sufficient information exchange between the generators and the system operators to coordinate the investments. This paper analyses these two effects of the Dutch regulations, and suggests improvements to the regulation of the network connection and transportation tariffs to allow for sufficient network capacity and coordination between the investments in the network and in the generation of electricity. These improvements include locally differentiated tariffs that increase with an increasing concentration of distributed generation.

Impact of GB transmission charging on renewable electricity generation

International Nuclear Information System (INIS)

2006-01-01

The Government is committed to meeting its objective of producing 10% of UK electricity supplies from renewable sources by 2010, subject to the cost to the consumer being acceptable. It is generally believed that northern Scotland - and the Highlands and Islands in particular - will be a significant source of renewable energy in future, mostly in the form of wind power; wave and tidal energy may also be important. The National Grid Company (NGC) is responsible for formulating a cost-reflective and. non-discriminatory electricity transmission charging methodology for Great Britain (GB). This determines Transmission Network Use of System (TNUoS) tariffs, which are paid by transmission-connected generators and suppliers for the use of the high voltage transmission network. Following the publication of National Grid Company's 'GB Transmission Charging: Initial Thoughts' document on 16 December 2003, there was particular concern that the level of future Transmission Network Use of System (TNUoS) tariffs in northern Scotland might impede the achievement of the Government's 2010 target for renewable electricity supplies. That document and subsequent revisions indicate that generation TNUoS charges in northern Scotland were likely to be significantly higher than anywhere else in GB. The study attempts to quantify the effect of the proposed GB-wide TNUoS charging methodology on the future growth of renewable electricity so as to ascertain the impact on the likelihood of meeting the Government's 2010 target. (UK)

Privatizing and liberalizing electricity, the case of Hungary

Energy Technology Data Exchange (ETDEWEB)

Bakos, G. [Kyoto Womens' University (Japan). Institute of Economy

2001-11-01

Hungary, a forerunner in Eastern reforms, has boldly privatized its energy sector with foreign capital. While in the west liberalization resulted in electricity abundance and dramatic tariff cuts, in Hungary as a result of asymmetric market opening it brought excess capacities, transparent cost base prices, but lower tariffs are still ahead. Foreign investors made the branch profitable and are planning to expand capacities. (author)

A comprehensive method to find RPO trajectory and incentive scheme for promotion of renewable energy in India with study of impact of RPO on tariff

International Nuclear Information System (INIS)

Shereef, R.M.; Khaparde, S.A.

2013-01-01

Renewable Purchase Obligation (RPO) regime in India started in 2011 with the announcement of benchmark RPO (BRPO) of states for the Financial Year (FY) 2011 by respective State Electricity Regulatory Commissions (SERC), to promote Renewable Energy (RE). The report submitted to Forum of Regulators (FoR) in this regard has recommended uniform rate of increase of BRPO of states and studied the impact of RPO on tariff for FY 2011–2015. However, more rigorous analysis is needed for fixing BRPO in a scientific manner and for fair allocation of incentives to promote RE. This paper attempts to evaluate all states on a common platform to find BRPO, giving due weightage to the state-wise energy demand and RE generation, ensuring minimum change in BRPO of consecutive years and hence less impact of RPO on tariff. To encourage the states to align their actual RPO with BRPO, a financial incentive scheme is proposed giving due weightage to RE consumption, RE capacity addition and RPO compliance of the states. The methods are illustrated for the Indian states using real system data. A study of RPO's impact on electricity tariff of Indian states is also conducted and reported for FY 2011–2015, considering Renewable Energy Certificate (REC). - Author-Highlights: • Proposes a comprehensive method to find the BRPO of Indian states for promoting RE. • Minimum change in BRPO of consecutive years hence less impact of RPO on tariff. • Incentive scheme to encourage the states to align their actual RPO with BRPO. • Study of impact of RPO on tariff of Indian states is conducted

Electricity trade: Generating benefits for British Columbians

International Nuclear Information System (INIS)

1994-01-01

Electricity has been traded in British Columbia since the turn of the century. In 1988, the provincial government established the British Columbia Power Exchange Corporation (Powerex) to conduct electricity trade activities in order to make the most efficient use of the electrial system and generate benefits for British Columbians. The trade is made possible by an interconnected system linking producers and consumers in western Canada and the USA. Provincial participants in the trade include British Columbia Hydro, independent power producers, and cogenerators. Benefits of the electricity trade include generation of revenue from sale of surplus power, being able to buy electricity when the mainly hydroelectric provincial system is in a drought condition or when major shutdowns occur, and enabling postponement of development of new power projects. Powerex conducts its trade under provincial and federal permits and licenses. Different types of trade contracts are negotiated depending on the amount and availability of electricity and the kind of trade being conducted. Exchanges and coordination agreements allow transfer and return between utilities with no net export occurring, allowing balancing of loads between different reigons. Surplus electricity is bought or sold on a short- or long-term basis and on firm or non-firm terms. Electricity exports are not subsidized and are only allowed if the electricity is surplus to provincial needs and can be sold at a profit. A new provincial policy allows private industry to export long-term firm electricity; this involves construction of new private-sector generating facilities solely for the purpose of export. 1 fig

Foreign Exchange Exposures of Korean Firms

Directory of Open Access Journals (Sweden)

Sungbin Cho

2011-03-01

Full Text Available We measure foreign exchange exposures as sensitivity of firm's value to FX premium in the CAPM plus FX premium model, and try to find determinants of the exposures; using data of non-financial companies listed in the Korea Exchange from the year 2007 to 2008. Main findings are as follows. If Korean won depreciates, only a small number of firms is benefitted while majority of firms are harmed to the contrary of common knowledge. As a firm's export increases, the foreign exchange exposure increases up to a certain level and after that it declines. And, smaller firms of negative foreign exchange exposures are more sensitive to foreign exchange changes. These suggest heterogeneous effects of foreign exchange rates on industries and firms.

Impact of electricity prices and volumetric water allocation on energy and groundwater demand management: analysis from Western India

International Nuclear Information System (INIS)

Kumar, M.D.

2005-01-01

In recent years, power tariff policy has been increasingly advocated as a mean to influence groundwater use and withdrawal decisions of farmers in view of the failure of existing direct and indirect regulations on groundwater withdrawal in India. Many researchers argue that pro rata electricity tariff, with built in positive marginal cost of pumping could bring about efficient use of the resource, though some argue that the levels of tariff in which demand becomes elastic to pricing are too high to be viable from political and socio-economic points of view. The paper presents a theoretical model to analyze farmers' response to changes in power tariff and water allocation regimes vis a vis energy and groundwater use. It validates the model by analyzing water productivity in groundwater irrigation under different electricity pricing structures and water allocation regimes. Water productivity was estimated using primary data of gross crop inputs, cost of all inputs, and volumetric water inputs. The analysis shows that unit pricing of electricity influences groundwater use efficiency and productivity positively. It also shows that the levels of pricing at which demand for electricity and groundwater becomes elastic to tariff are socio-economically viable. Further, water productivity impacts of pricing would be highest when water is volumetrically allocated with rationing. Therefore, an effective power tariff policy followed by enforcement of volumetric water allocation could address the issue of efficiency, sustainability and equity in groundwater use in India

Return on capital of Brazilian electricity distributors: A comparative analysis

International Nuclear Information System (INIS)

Rocha, Katia; Camacho, Fernando; Braganca, Gabriel

2007-01-01

This paper analyzes the electricity distribution segment in Brazil from 1998 to 2005-after the conclusion of privatization process-trying to assess whether the return on capital invested was in line with the risk required in the segment. It concludes that the return on equity in Brazil was systematically negative until 2003. Only in 2005 did the distribution segment really begin to recover, showing profitability consistent with the estimated cost of equity. Comparisons with Argentine, Chilean and American companies reveal that firms in the latter two countries, generally managed to reward shareholders according to the opportunity cost of capital. Estimates are that to sustain annual growth of roughly 3.7% for the next decade, the entire electricity sector will demand US$ 7 billion in capital expenditures a year for the next decade, 67% for generation, 16% for transmission and 17% for distribution. In order to stimulate private capital investment, it is fundamental for the regulator, in the tariff revision processes, to consistently assure a rate of return on capital in line with the segment's real opportunity cost and therefore maintain the health of all the three segments without the burden of subsidies

Feed-in tariff and tradable green certificate in oligopoly

International Nuclear Information System (INIS)

Matyas Tamas, Meszaros; Bade Shrestha, S.O.; Zhou Huizhong

2010-01-01

Feed-in tariff (FIT) and tradable green certificate (TGC) schemes are studied in a formal model and numerical example using the UK data. We find that if the markets were perfectly competitive, then feed-in tariff and the certificate price would be the same. However, when the markets are imperfect, they are generally different. While both the tariff and certificate price fluctuate around the difference between the costs of green and black energy, the tariff deviates more from the cost difference than the certificate price. The supplies of both black and green energy under FIT are higher than TGC, obviously as a result of subsidies. A troubling outcome is that the total energy supply increases under FIT as the renewables quota increases, which can negate other measures to mitigate climate changes such as demand management. Finally, using the data from the UK market, we find that social welfare under TGC is consistently higher than FIT for a wide range of values of the parameters.

Extending nuclear energy to non-electrical applications

Energy Technology Data Exchange (ETDEWEB)

Ingersoll, D.; Houghton, Z. [NuScale Power, LLC, Corvallis, Oregon (United States); Bromm, R. [Fluor Corp., Greenville, SC (United States); Desportes, C. [Aquatech International, Canonsburg, PA (United States); McKellar, M.; Boardman, R. [Idaho National Laboratory, Idaho Falls, ID (United States)

2014-07-01

Electricity represents less than half of all energy consumed in the United States and globally. Although a few commercial nuclear power plants world-wide provide energy to non-electrical applications such as district heating and water desalination, nuclear energy has been largely relegated to base-load electricity production. A new generation of smaller-sized nuclear power plants offers significant promise for extending nuclear energy to many non-electrical applications. The NuScale small modular reactor design is especially well suited for these nontraditional customers due to its small unit size, very robust reactor protection features and a highly flexible and scalable plant design. A series of technical and economic evaluation studies have been conducted to assess the practicality of using a NuScale plant to provide electricity and heat to a variety of non-electrical applications, including water desalination, oil refining, and hydrogen production. The studies serve to highlight the unique design features of the NuScale plant for these applications and provide encouraging conclusions regarding the technical and economic viability of extending clean nuclear energy to a broad range of non-electrical energy consumers. (author)

Analysis on the Tariff Cut Formula in the WTO’s Negotiation on Agriculture

Directory of Open Access Journals (Sweden)

Yoo Cheul Song

1999-12-01

Full Text Available The agricultural sector, which is Korea's most sensitive sector, is supposed to resume its negotiation by the end of 1999 according to WTO's Agreement on Agriculture. As Korea needs to propose in the negotiation of tariff reduction a device by which exceptional measures on sensitive sectors can be allowed, it is important to establish some application method of tariff cut in advance. As no specific form of tariff reduction has yet been established, this study tries to apply to agriculture different tariff cut methods proposed in the course of GATT/WTO negotiation and to analyze the merits and shortcomings of each form of tariff reduction. In this way, it will lay a strong foundation for designing a negotiation scheme that will give Korea a favorable position in future tariff negotiation. The results of study show that UR method is considered as the most favorable method for Korea. It is desirable for Korea to actively take initiatives in next negotiation by developing and proposing its own tariff reduction scheme that would probably result in the adoption of a form of tariff cut favorable to Korea.

The Necessity of a Graded Tariff System between Crude Oil and Oil Products

Energy Technology Data Exchange (ETDEWEB)

Kang, B.R. [SK Corporation, Seoul (Korea)

2002-06-01

Even though the graded tariff system between crude oil and oil products has been continuously insisted by oil refining companies since the export and import liberalization of 1997, and its necessity has been admitted by the government, press, and academia, the expanded implementation of the graded tariff system has not been yet realized. Some people says that the graded tariff system between crude oil and oil products is a kind of desperate plans, which oil refining companies suggests to stop the importing companies' rapid growth, so it will eventually restrict the competition of the domestic oil market due to the withering of importing companies. However, the graded tariff system between crude oil and oil products should have been enforced in 1997 as a complementary measure of the import liberalization like other industries or the advanced countries' cases. It is the basic tariff principle that the low tariff is levied on raw materials and the high tariff on final products in order to protect domestic industry. The remaining things are just to form the sympathy and to agree socially for the reorganization of tariff structure in the reasonable way. It is not desirable to make a fool mistake such as a proverb; t is too late to shut the stable door after the horse has bolted. owing to the unreasonable tariff system.

Intergenerational welfare effects of a tariff under monopolistic competition

NARCIS (Netherlands)

Bettendorf, LJH; Heijdra, BJ

2001-01-01

A dynamic overlapping-generations model of a semi-small open economy with monopolistic competition in the goods market is constructed. A tariff increase reduces real output and employment and improves the terms of trade, both in the impact period and in the new steady state. The tariff shock has

Intergenerational welfare effects of a tariff under monopolistic competition

NARCIS (Netherlands)

L.J.H. Bettendorf (Leon); B.J. Heijdra (Ben)

2003-01-01

textabstractA dynamic overlapping-generations model of a semi-small open economy with monopolistic competition in the goods market is constructed. A tariff increase reduces real output and employment and improves the terms of trade, both in the impact period and in the new steady state. The tariff

Quantifying price risk of electricity retailer based on CAPM and RAROC methodology

International Nuclear Information System (INIS)

Karandikar, R.G.; Khaparde, S.A.; Kulkarni, S.V.

2007-01-01

In restructured electricity markets, electricity retailers set up contracts with generation companies (GENCOs) and with end users to meet their load requirements at agreed upon tariff. The retailers invest consumer payments as capital in the volatile competitive market. In this paper, a model for quantifying price risk of electricity retailer is proposed. An IEEE 30 Bus test system is used to demonstrate the model. The Capital Asset Pricing Model (CAPM) is demonstrated to determine the retail electricity price for the end users. The factor Risk Adjusted Recovery on Capital (RAROC) is used to quantify the price risk involved. The methodology proposed in this paper can be used by retailer while submitting proposal for electricity tariff to the regulatory authority. (author)

Quantifying price risk of electricity retailer based on CAPM and RAROC methodology

Energy Technology Data Exchange (ETDEWEB)

Karandikar, R.G.; Khaparde, S.A.; Kulkarni, S.V. [Electrical Engineering Department, Indian Institute of Technology Bombay, Mumbai 400 076 (India)

2007-12-15

In restructured electricity markets, electricity retailers set up contracts with generation companies (GENCOs) and with end users to meet their load requirements at agreed upon tariff. The retailers invest consumer payments as capital in the volatile competitive market. In this paper, a model for quantifying price risk of electricity retailer is proposed. An IEEE 30 Bus test system is used to demonstrate the model. The Capital Asset Pricing Model (CAPM) is demonstrated to determine the retail electricity price for the end users. The factor Risk Adjusted Recovery on Capital (RAROC) is used to quantify the price risk involved. The methodology proposed in this paper can be used by retailer while submitting proposal for electricity tariff to the regulatory authority. (author)

Debt and Taxes: Evidence from bank-financed unlisted firms

DEFF Research Database (Denmark)

Bartholdy, Jan; Mateus, Cesário

This paper analyzes the capital structure decision of non-listed bank-financed firms using a rich and unique new data set of Portuguese firms. These firms are rarely studied in capital structure contexts and differ from large listed firms in terms of agency and asymmetric information problems...

Who benefited from the US tariffs on the Chinese tires?

OpenAIRE

Joonhyung, Lee

2011-01-01

The purpose of this paper is to evaluate the short-run effect of the tariffs on Chinese tires imposed by the US in September 2009. First, we investigated whether the tariffs were beneficial to the US domestic tire industry in terms of employment. Our empirical analysis found that there were no significant benefits to US employment in the tire industry. This result led us to the next question: Who benefited from the tariffs? We found that the tire imports to the US were significantly deviated ...

Participatory environmental governance in China: Public hearings on urban water tariff setting.

NARCIS (Netherlands)

Zhong, L.; Mol, A.P.J.

2008-01-01

In the late 1990s China started to expand its market economic reform to the public sector, such as water services. This reform led to major changes in urban water management, including water tariff management. The reforms in water tariff management relate not only to tariffs, but also to the

Inter-firm and intra-firm efficiency measures

NARCIS (Netherlands)

Oude Lansink, A.G.J.M.; Silva, E.; Stefanou, S.

2001-01-01

Intra-firm efficiency involves computing a particular firm's efficiency degree over time relative to the firm-specific production frontier. Inter-firm efficiency reveals a particular firm's performance over time relative to the ``best practice frontier'' among the set of comparable firms. These

The Brazilian electrical system reform

International Nuclear Information System (INIS)

Mendonca, A.F.; Dahl, C.

1999-01-01

Although the Brazilian electrical system has been a public monopoly, the threat of electricity shortages from a lack of investment triggered a comprehensive reform. In 1993 the government began a series of laws, decrees and regulations reforming the tariff policy, allowing privatization of utilities, foreign investments and independent power producers, and creating an independent transmission grid and a new electricity regulatory agency (ANEEL). The new regulatory framework is not completely defined but the proposed model intends to transform bulk electricity supply into a competitive market similar to that adopted in England. Our objective is to evaluate whether the proposed reform will succeed in attracting the required private capital, will allow an unregulated wholesale electricity market and will require a strict regulatory framework. The reform has been quite successful in privatizing the distribution companies but is allowing monopolistic rents, and has failed until now to attract private investments to expand generation capacity. The risk of blackouts has increased, and the proposed wholesale electricity market may not be appropriate because of barriers to constructing new hydroelectric units, now 90% of the system. Therefore, a new regulatory framework and a strong regulatory agency with a well-defined tariff policy should have preceded the privatization. (author)

Approaching a feed-in tariff

Energy Technology Data Exchange (ETDEWEB)

Roepcke, Ina

2013-05-01

New incentive programmes could mean that the Italian solar thermal market will see renewed growth. But instead of the planned feed-in tariff, the incentives will first come in the form of a grant scheme.

Design of an economically efficient feed-in tariff structure for renewable energy development

International Nuclear Information System (INIS)

Lesser, Jonathan A.; Su Xuejuan

2008-01-01

Evidence suggests, albeit tentatively, that feed-in tariffs (FITs) are more effective than alternative support schemes in promoting renewable energy technologies (RETs). FITs provide long-term financial stability for investors in RETs, which, at the prevailing market price of electricity, are not currently cost-efficient enough to compete with traditional fossil fuel technologies. On the other hand, if not properly designed, FITs can be economically inefficient, as is widely regarded to have been the case under the Public Utility Regulatory Policies Act of 1978 (PURPA). Under PURPA, too high a guaranteed price led to the creation of so-called 'PURPA machines'-poorly performing generating units that could survive financially only because of heavy subsidies that came at the expense of retail customers. Similarly, because of their adverse impacts on retail electricity rates, German FITs have been subject to increasing political pressure from utilities and customers. In this paper, we propose an innovative two-part FIT, consisting of both a capacity payment and a market-based energy payment, which can be used to meet the renewables policy goals of regulators. Our two-part tariff design draws on the strengths of traditional FITs, relies on market mechanisms, is easy to implement, and avoids the problems caused by distorting wholesale energy markets through above-market energy payments. The approach is modeled on forward capacity market designs that have been recently implemented by several regional transmission organizations in the USA to address needs for new generating capacity to ensure system reliability

Support to photovoltaic: comparison between the German, Spanish and French feed-in tariffs

International Nuclear Information System (INIS)

Poizat, Francois

2010-01-01

The author proposes a comparison of the German, Spanish and French tariff system of compulsory purchase as support system to the photovoltaic sector. He briefly compares the legal general framework, indicates purchase obligation durations in the three countries, the tariffs which may depend on the solar plant size, outlines the French characteristic of a 'simplified integration to the building'. He discusses the possible and predictable evolutions of contracts. Appendices provide an interview of an EDF manager, presentations of German and Spanish tariff frameworks and of new French tariffs, and a synthetic table presenting purchase tariffs, tax credit or reduction, and other subsidies in European countries

Financing investment in the European electricity transmission network: Consequences on long-term sustainability of the TSOs financial structure

International Nuclear Information System (INIS)

Henriot, Arthur

2013-01-01

This article focuses on the ability of European TSOs to meet the demand for substantial investments in the electricity transmission grid over the next two decades. We employ quantitative analysis to assess the impact of the required capital expenditures under a set of alternative financing strategies. We consider a best-case scenario of full cooperation between the European TSOs. It appears that under current trends in the evolution of transmission tariffs, only half the volumes of investment currently planned could be funded. A highly significant increase in transmission tariffs will be required to ensure the whole-scale investments can be delivered. Finally, alternative strategies can dampen the impact on tariffs but they can only partially substitute for this increase in charges paid by network users. -- Highlights: •We applied balance-sheet modelling to a single European Electricity TSO. •Investments planned will not be achievable under current tariffs evolution. •A three-fold higher growth of transmission network tariffs would be necessary. •New financing strategies can dampen the impact on tariffs, to a minor extent

The electricity market. Situation and predictions 2018 - Sectoral and competitive analysis

International Nuclear Information System (INIS)

2017-01-01

This document comprises two reports. A first one, published and updated three times a year, and a second one which is a yearly publication. The first one, based on an analysis of market perspectives and of actor strategies, proposes a synthesis on the consequences of the evolution of the economic environment, on major trends noticed for the electric power sector, and on predictable evolutions. It proposes the most recent data regarding the activities of about 200 firms belonging to the power sector (notably in terms of turnover and of electric power consumption). It highlights recent events for companies of the sector: takeovers, investments, restructuring, introduction of new products, and so on. It proposes a sector-based dashboard which contains all the critical figures useful to analyse the sector situation (activity determining factors, key figures for the sector and its environment). The annual report proposes a presentation of the sector and of the determining factors of its activity, an analysis of the activity evolution (trends, indicators like turnover, electric power consumption and production, prices and regulated tariffs, power imports and exports), a presentation of financial performance of electricity producers, a description of the sector economic structure (evolution of the economic tissue, analysis of structural characteristics), and a presentation of actors and of the competitive landscape (ranking and positioning of electric power providers and producers, market shares, identity sheets of the main actors, highlights, and ranking of the main companies in terms of turnover and of financial performance)

Trading electricity in the Nordic countries

International Nuclear Information System (INIS)

1994-01-01

An open market for electric power in the Nordic countries will require extensive common solutions of a range of economic, technical and political problems as a consequence of the natural monopoly of the transmission and distribution grid, and the need for supply reliability. The main objective is to establish and effective framework for competition in buying and selling electricity, both nationally and in a Nordic context, and to secure optimal resource allocation. The key participants are owners of the high-voltage grid and of the international grid connections. The objective should be to develop a 'point-tariff' system, a system for effective handling of bottlenecks, and an optimisation of further developments in the common high-voltage grid. Effective routines for measurement of the trade across the borders should be established. Institutions for power-trading should be developed, such as organised spot markets which should be established in Sweden and Finland. Transaction costs for trade between the spot markets in the different countries should be low. Until spot markets are established in Sweden and Finland, Statnett Marked should be made available for Sweden and Finish consumers and producers. Abuse of a domimant market position in a common market should be firmly discouraged. Different competition policies in the Nordic countries may give participants unequal possibilities to compete. (AB)

Tariff-Mediated Network Effects Versus Strategic Disounting

DEFF Research Database (Denmark)

Zucchini, Leon; Claussen, Jörg; Trüg, Moritz

2013-01-01

. Alternatively, research on strategic discounting suggests that small operators use on-net discounts to advertise with low on-net prices. We test the relative strength of these effects using data on tariff setting in German mobile telecommunications between 2001 and 2009. We find that large operators are more......Mobile telecommunication operators routinely charge subscribers lower prices for calls on their own network than for calls to other networks (on-net discounts). Studies on tariff-mediated network effects suggest this is due to large operators using on-net discounts to damage smaller rivals...

The economy-wide impact of multilateral NAMA tariff reductions

DEFF Research Database (Denmark)

Jensen, Hans Grinsted; Baltzer, Kenneth; Babula, Ronald

The Non-Agricultural Market Access (NAMA) negotiations were a key area in the Doha development round, which was suspended indefinitely in July 2006. In this paper, we model and estimate the economic effects on the world and Danish economies of some of the more important proposals that will likely...... tariff reductions with flexibility would generate modest increases in Danish trade and produce a slight improvement in the trade balance. They would also shift Danish trade patterns from EU and EFTA markets towards other world markets. The removal of the developing country flexibility rule would increase...

Operational electricity transmission rates

International Nuclear Information System (INIS)

Roggen, M.

1997-01-01

In a liberalized electricity market both the consumers and the producers of electricity must pay for the use of the power transmission network. Thus, the net manager has unlimited options to realize efficiency improvements. A neutral and transparent management of the power grid is necessary to avoid disturbance of the market. KEMA Consulting translated abstract ideas and strategic advices to operational concepts in its report 'A framework for the determination of tariffs of the transport in the Dutch electricity sector'

The Brazilian electric sector regulation as reference for the hydrogen regulation as energetic vector; A regulacao do setor eletrico brasileiro como referencia para regulacao do hidrogenio como vetor energetico

Energy Technology Data Exchange (ETDEWEB)

Paternostro, Andre de Goes [Universidade Salvador (UNIFACS), Salvador, BA (Brazil); Fundacao de Amparo a Pesquisa do Estado da Bahia (FAPSB), Salvador, BA (Brazil)]. E-mail: apater@hotmail.com

2008-07-01

This paper is based on the Brazilian electric sector to outline parallels for introduction of hydrogen as energetic vector in Brazilian matrix. For this purpose it was achieved an analysis of regulation theory, of electric sector reorganization, the new model of energy trade and the NOS role. In face of this analysis, hydrogen regulation may be established through a mix of four models: tariff model by return tax; tariff by marginal cost; regulation by performance and price cap. This new industrial sector should start vertical and with its maturity become non vertical as electric sector after its reorganization. Regarding the market, advanced purchase of hydrogen should be established enabling the reduction of incertitude in trade as well as reduction of implantation costs. NOS should pursue electric energy generation from hydrogen as this may carry impacts in transmission networks as well as in distribution network depending on how hydrogen was generated, whether in large scale or for local consumption supply. (author)

Tax optimization and the firm's value: Evidence from the Tunisian context

Directory of Open Access Journals (Sweden)

Soufiene Assidi

2016-09-01

Full Text Available The paper investigated the relationship between corporate tax optimization and the firm's value in the Tunisian context over an 11 year period. The empirical results revealed that tax optimization, accruals and investment increased the firm's value. After dividing the sample between listed and non-listed firms, we concluded that, compared to non-listed firms, the listed firms were better able to optimize tax through adopting a tax policy. Our findings help decision makers, researchers and practices to better understand the role of tax optimization in the management of firms and, also, in their performance.

Does the choice of tariff matter?: A comparison of EQ-5D-5L utility scores using Chinese, UK, and Japanese tariffs on patients with psoriasis vulgaris in Central South China.

Science.gov (United States)

Zhao, Yue; Li, Shun-Ping; Liu, Liu; Zhang, Jiang-Lin; Chen, Gang

2017-08-01

There is an increasing trend globally to develop country-specific tariffs that can theoretically better reflect population's preferences on health states for preference-based health-related quality-of-life instruments, also known as multiattribute utility instruments. This study focused on the most recently developed 5-level version of EuroQol-5 Dimension (EQ-5D) questionnaire, 1 of the world's most well-known multiattribute utility instruments, and aimed to empirically explore the agreements and known-group validities of applying the country-specific tariff versus tariffs developed from other countries using a sample of psoriasis vulgaris patients in Mainland China.A convenience sampling framework was adopted to recruit patients diagnosed with psoriasis vulgaris from Xiangya Hospital, Central South University, China, between May 2014 and February 2015. The 5-level EuroQol-5 dimensions (EQ-5D-5L) utilities were scored by using the Chinese, Japanese, and UK tariffs. Health state utilities were compared using a range of nonparametric test. The intraclass correlation coefficients and Bland-Altman plots were used to examine the agreements among the 3 EQ-5D-5L scores. Health state utility decrements between known groups were investigated using both effect size and a regression analysis.In all, 350 patients (aged 16 years or older) were recruited. There were significant differences among the 3 national tariff sets. Overall, 3 tariffs showed excellent agreements (intraclass correlation coefficient >0.90); however, the wide limits of agreement from the Bland-Altman plots suggest that these tariffs cannot be used interchangeably. The EQ-5D-5L scores using the Chinese-specific tariff showed the best known-group validity than the other 2 tariffs in this Chinese patient sample. The evidence from this study supports the choice of the country-specific tariff to be used in Mainland China.

Solar hybrid power plants: Solar energy contribution in reaching full dispatchability and firmness

Science.gov (United States)

Servert, Jorge F.; López, Diego; Cerrajero, Eduardo; Rocha, Alberto R.; Pereira, Daniel; Gonzalez, Lucía

2016-05-01

Renewable energies for electricity generation have always been considered as a risk for the electricity system due to its lack of dispatchability and firmness. Renewable energies penetration is constrained to strong grids or else its production must be limited to ensure grid stability, which is kept by the usage of hydropower energy or fossil-fueled power plants. CSP technology has an opportunity to arise not only as a dispatchable and firm technology, but also as an alternative that improves grid stability. To achieve that objective, solar hybrid configurations are being developed, being the most representative three different solutions: SAPG, ISCC and HYSOL. A reference scenario in Kingdom of Saudi Arabia (KSA) has been defined to compare these solutions, which have been modelled, simulated and evaluated in terms of dispatchability and firmness using ratios defined by the authors. The results show that: a) SAPG obtains the highest firmness KPI values, but no operation constraints have been considered for the coal boiler and the solar energy contribution is limited to 1.7%, b) ISCC provides dispatchable and firm electricity production but its solar energy contribution is limited to a 6.4%, and c) HYSOL presents the higher solar energy contribution of all the technologies considered: 66.0% while providing dispatchable and firm generation in similar conditions as SAPG and ISCC.

Implicit Tariffs on Imported Dairy Product Components in the United States

OpenAIRE

Tellioglu, Isin; Bailey, Kenneth W.; Blandford, David

2007-01-01

The majority of the dairy products imported by the United States are intermediate products used in food processing. As such, they are demanded for their components such as milk fat and protein. The implications of the U.S. tariff structure for import demand must be viewed in terms of the tariff's effects upon the relative prices of imported milk components. In this article we examine the implications of the current tariff structure and proposed changes under the Doha Round of international tr...

The Liberalisation Process of the Spanish Electricity Sector

International Nuclear Information System (INIS)

Alonso, P. R.

2001-01-01

At the beginning of 1998, the 54/1997 Electricity Law entered into force, introducing a new configuration for the Spanish electricity system. Before this, the electric utilities and the Spanish Ministry of Industry and Energy signed a Protocol outlining the general structure of the future changes which would lead to the transformation of the Spanish electricity system from one based on a central purchasing agent model to one based on wholesale and retail competition. The structure of the power industry prior to the 54/1997 Electricity Law consisted of a number of vertically integrated electricity companies, most of them privately owned. One company (REE, Red Electrica de Espana) controlled by the State, was the System Operator, with the property of most of the Transmission Network. This company was created in 1984, as an attempt to improve overall efficiency in the sector by central co-ordination of all available resources and by central planning of new investments. Later, in 1987 a New Legal Framework (Marco Legal Estable) was established in order to assure financial stabilisation to the electric utilities, fixing revenues based on standard costs and setting a National tariff system. The start for the liberalisation process began with the 1994 Electricity Act (LOSEN) with the creation of the Regulatory Commission and the allowance to open access to new entrants. The Spanish electricity model finally set in 1998 seeks the introduction of competitiveness in the power sector through a few basic principles: Shorter state intervention by rationalisation of the energy policy constraints and by leaving to the market forces the system operation and planning (except for transmission planning); Separation of activities: Regulated activities (transmission and distribution) are separated form non-regulated activities (generation, trading); The design of a bulk power competitive market, including competition in generation, freedom of entry, a power pool managed by a market

Electricity pricing: optimal operation and investment by industrial consumers

Energy Technology Data Exchange (ETDEWEB)

Outhred, H.R.; Kaye, R.J.; Sutanto, D.; Manimaran, R.; Bannister, C.H.; Lee, Y.B.

1988-08-01

Ongoing research in the areas of economically efficient electricity pricing and industrial consumer response is described. A new electricity pricing theory is described that incorporates future uncertainty and intertemporal linkages between decisions. It indicates that electricity prices should contain two terms - short-run marginal cost plus a term that reflects how each particular decision is likely to affect future global welfare. A practical implementation using spot prices and forward contracts plus financial instruments for risk sharing and decision coordination is explored, and a procedure for developing long-term pricing policy is considered. The operation of industrial plant has been investigated and models developed to optimize plant behaviour in response to spot prices and forward contracts for electricity. These models are described and results of simulation studies discussed. The economic efficiency and risk sharing advantages of this advanced tariff structure compared with a conventional time-of-use tariff are illustrated.

18 CFR 154.208 - Service of tariff filings on customers and other parties.

Science.gov (United States)

2010-04-01

... SCHEDULES AND TARIFFS Procedures for Changing Tariffs § 154.208 Service of tariff filings on customers and... customers and state regulatory commissions that have made a standing request for such service. (c) Within... section, service upon the designated recipient will be deemed service upon the customer or other party. (e...

14 CFR 399.40 - Tariffs for domestic air transportation on or after January 1, 1983.

Science.gov (United States)

2010-01-01

... 14 Aeronautics and Space 4 2010-01-01 2010-01-01 false Tariffs for domestic air transportation on... Relating to Rates and Tariffs § 399.40 Tariffs for domestic air transportation on or after January 1, 1983. The Board will not approve or accept any tariff filings for interstate of overseas air transportation...

Examining the financial performance of micro-generation wind projects and the subsidy effect of feed-in tariffs for urban locations in the United Kingdom

International Nuclear Information System (INIS)

Walters, Ryan; Walsh, Philip R.

2011-01-01

This paper seeks to evaluate the effect of the upcoming 2010 UK Feed-in Tariff (UK FIT) on decentralised small wind-energy installations at the household and building level in urban locations. It is projected that the UK FIT will stimulate an unprecedented surge in building-mounted turbine installation. The tariff amount must stimulate incentive but mitigate the likelihood of distortions in the competitive electricity market. To analyse these issues, measured energy output from sites in the Warwick Wind Trials Project (WWTP) is converted into revenue in a net-present-value (NPV) framework for assessing commercial purchases of small wind systems. Variances in project variables are examined through NPV simulations using Monte Carlo analysis to capture permutations of small wind-project performance in the UK-with and without the UK FIT. Our research concludes that the proposed tariff amount of 30.5 p/kWh will not significantly boost the economic attractiveness of mildly selective (WWTP-based) sites in the UK. Furthermore, the fixed-tariff rate ( Pounds /kWh generated) could cause inefficiencies applied across uneven wind-resource distribution. The results of this study suggest further examination of policy related to micro-generation, in particular decentralised small wind projects. - Highlights: → Feed-in tariff (FIT) policy for urban UK small wind projects. → Determination of economic attractiveness (NPV) of projects. → Application of performance data from Warwick Wind Trials. → Need for higher tariff rate to provide average project with NPV>0. → Recommend reconsideration of FIT policy for urban small wind projects.

Direct marketing of electricity from biogas plants; Direktvermarktung von Strom aus Biogasanlagen. Chancen und Risiken aus rechtlicher Sicht

Energy Technology Data Exchange (ETDEWEB)

Falke, Iris; Schlichting, Julia [Schnutenhaus und Kollegen, Rechtsanwaelte, Berlin (Germany)

2013-10-01

The German Renewable Energy Sources Act of January, 1{sup st} 2012 contains new possibilities of direct selling electricity to the market, to promote and to improve market integration of electricity generated from renewable energies. The core is the introduction of a market premium for electricity which has actually been fed into the grid system and purchased by a third party. In addition to his market revenues, the installation operator receives the market premium. The market premium replaces the guaranteed EEG feed-in tariff. The market premium should cover the difference between the proceeds from direct selling and the EEG feed-in tariff. In addition, installation operators receive a management premium to compensate their transaction costs. As a supplement to the market premium model the EEG 2012 introduces a flexibility premium to create an economic incentive for providing additional capacities and encourage a demand-oriented electricity production. Further possibilities of direct marketing are the ''green electricity privilege'' and the non-subsided direct marketing. This article provides an over-view of the different forms of direct-marketing that are included in EEG 2012 with a focus on the market premium and the flexibility premium. These two instruments are of high importance to operators of installations generating electricity from biogas. A further emphasis is put on risks and chances in contract negotiation in the context of direct marketing. (orig.)

A welfare ranking of multilateral reductions in real and tariff trade barriers when firms are heterogenous

DEFF Research Database (Denmark)

Schröder, Philipp; Sørensen, Allan

2014-01-01

heterogeneous-firms-trade model with Pareto distributed productivities. We derive analytical welfare rankings of all four liberalization channels for an equal effect on two openness measures, for any trade cost level and while all four barriers are simultaneously present, i.e. for any initial equilibrium. We...... to the most preferred mode of liberalization. Among the other three barriers we etablished a universal welfare ranking for any strictly positive level of revenue redistribution and for either measure of openness....

Development of an economical model to determine an appropriate feed-in tariff for grid-connected solar PV electricity in all states of Australia

International Nuclear Information System (INIS)

Zahedi, A.

2009-01-01

Australia is a country with a vast amount of natural resources including sun and wind. Australia lies between latitude of 10-45 S and longitude of 112-152 E, with a daily solar exposure of between less than 3 MJ/(m 2 day) in winter and more than 30 MJ/(m 2 day) in summer. Global solar radiation in Australia varies between minimum of 3285 MJ/(m 2 year) in Hobart to 8760 MJ/(m 2 year) in Northern Territory. As a result of this wide range of radiation level there will be a big difference between costs of solar PV electricity in different locations. A study we have recently conducted on the solar PV electricity price in all states of Australia. For this purpose we have developed an economical model and a computer simulation to determine the accurate unit price of grid-connected roof-top solar photovoltaic (PV) electricity in A$/kWh for all state of Australia. The benefit of this computer simulation is that we can accurately determine the most appropriate feed-in tariff of grid-connected solar PV energy system. The main objective of this paper is to present the results of this study. A further objective of this paper is to present the details of the unit price of solar PV electricity in the state of Victoria in each month and then to compare with electricity price from conventional power systems, which is currently applied to this state. The state Victoria is located south of Australia and in terms of sun radiation is second lowest compared with the other Australian states. The computer simulation developed for this study makes it possible to determine the cost of grid-connected solar PV electricity at any location in any country based on availability of average daily solar exposure of each month as well as economical factors of the country. (author)

Perceived price complexity of dynamic energy tariffs: An investigation of antecedents and consequences