Publication

Linking electricity prices and costs in bottom-up top-down coupling under changing market environments

Philippe Thalmann
2015
Working Papers

Abstract

We couple top-down and bottom-up models to analyse electricity markets. We simulate energy policies under alternative regulatory assumptions. We shows that market liberalisation affects the links between generation costs and user prices. We show that the coupling mechanisms should reflect the nature of electricity market regulation. We show that a tax on electricity is more effective in a liberalized than in a regulated market.

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Philippe Thalmann
2015
Working Papers

Abstract

Official source

Related concepts (32)

Electricity market

In a broad sense, an electricity market is a system that facilitates the exchange of electricity-related goods and services. During more than a century of evolution of the electric power industry, the economics of the electricity markets had undergone enormous changes for reasons ranging from the technological advances on supply and demand sides to politics and ideology.

Distributed generation

Distributed generation, also distributed energy, on-site generation (OSG), or district/decentralized energy, is electrical generation and storage performed by a variety of small, grid-connected or distribution system-connected devices referred to as distributed energy resources (DER). Conventional power stations, such as coal-fired, gas, and nuclear powered plants, as well as hydroelectric dams and large-scale solar power stations, are centralized and often require electric energy to be transmitted over long distances.

Electricity generation

Electricity generation is the process of generating electric power from sources of primary energy. For utilities in the electric power industry, it is the stage prior to its delivery (transmission, distribution, etc.) to end users or its storage (using, for example, the pumped-storage method). Usable electricity is not freely available in nature, so it must be "produced" (that is, transforming other forms of energy to electricity). Production is carried out in power stations (also called "power plants").

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Linking electricity prices and costs in bottom-up top-down coupling under changing market environments

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