By Fernando Nuno / Published on Thu, 2010-03-04 12:54
Following the training course on electricity markets regulation, a set of support papers is being delivered to complete the didactic set.
This paper explains the various concepts about the regulationof the power quality: quality regulation, commercial quality, reliability, performance publication, standards and quality incentives schemes.
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By Fernando Nuno / Published on Sun, 2009-12-27 22:56
Session 8: Pricing
Once the revenue requirements are established they should be converted into tariff systems. This session explains the major economic principles of electricity pricing and the general pricing models using average and marginal costs. Moreover the session explores the major pricing models for the electricity activities including: generation, transmission, distribution and retail activities.
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By Fernando Nuno / Published on Sun, 2009-12-27 22:50
Session 7: Quality of Supply Regulation
Quality of supply regulation is becoming more and more important as cost-decreasing incentives may have a mid- and long-term effect on the quality provided. This session explains how quality of supply is defined, measured and regulated.
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By Fernando Nuno / Published on Wed, 2009-12-23 11:46
A PSERC Public Webinar
The inherent variability of generation from renewable sources, such as wind and solar power, may
1) increase the operating costs associated with additional ramping requirements, and
2) increase the amount of installed conventional generating capacity needed to maintain the operating reliability of a network.
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By Fernando Nuno / Published on Wed, 2009-11-18 10:10
Session 6: Efficiency Assessments
Regulators use efficiency assessment to set the efficiency targets of the regulated service providers. This session explains the role of the efficiency assessment, the methods to measure efficiency and the incorporation of efficiency results in the price control.
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By Fernando Nuno / Published on Wed, 2009-11-18 09:59
Webinar 5: Cost of Capital
The weighted average cost of capital (WACC) methodology is a widely accepted method for calculating the allowed rate of return. Regulators use different models to set the allowed cost of capital. This section explains the models and their practical application.
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By Fernando Nuno / Published on Wed, 2009-11-18 09:52
Session 4: Revenue requirements and Regulatory Asset Base
The allowed revenue for provision of regulated services includes the operating cost, depreciation and return on regulated assets. The return, if calculated as the allowed rate of return (cost of capital) is charged on the regulatory asset base. This session explains how to the regulated revenue is set and the role of regulatory asset base (RAB).
· Revenue components : Depreciation / Return on assets (Regulatory asset base (RAB) - Rate of return on assets) / OPEX
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By Fernando Nuno / Published on Fri, 2009-10-02 09:49
Session 3: Price Regulation
This session explains different forms of price control, including the classical rate of return organisation and more advanced forms of incentive regulation. It will also explain the design criteria for different price control models.
• Major price control models: Rate of return / Cap regulation / Yardstick competition / Sliding scale regulation
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By Fernando Nuno / Published on Fri, 2009-10-02 09:42
SESSION 2: Market Design
This section explains the main properties of different types of electricity markets exhibiting different level of competition and different forms of organisation.
• General market models : vertically integrated companies / single buyer / wholesale competition / retail competition
• Power pools : Price based / Cost based
• Markets with bilateral trade
• Balancing markets
• Power exchanges
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By Fernando Nuno / Published on Fri, 2009-10-02 09:24
This session explains the main tasks of regulation and addresses three main questions: what is regulated, where is it regulated, and how is it regulated.
In addition, we explain how the communication between regulators and regulated companies is organised, and how the regulatory performance is measured.
• General tasks of regulators: Price, Quality, Market functioning
• Areas of regulation
• Scope of regulation
• Methods of regulation
• Institutional questions
• Consultation and communication
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By Bruno De Wachter / Published on Tue, 2009-09-01 05:30
Massive investments in wind and solar energy projects
China is well on track to surpass the US as the world’s largest market for wind turbines. While the European Union is struggling to reach its renewable energy targets, China is surpassing its own targets with ease. At the beginning of 2008, the target of the Chinese government was to have 5,000 MW of wind power installed by the end of 2010. Only a few months after proclaiming this figure, it was doubled to 10,000 MW. As of today, it looks like China is going to have 30,000 MW of wind power installed by the end of next year.
A favourable regulatory climate
The Chinese government has mandated that electricity companies must generate 8% of their power from renewable resources by 2020. Combine this figure with the enormous, steep, and ever expanding energy consumption in the country, and you realise that only a development of renewable energy at an up-to-now unseen scale will accomplish such a goal.
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By HDK / Published on Wed, 2009-05-27 07:52
Recently, electricity consumers have shown increasing concern for power quality. Indeed, power quality standards have become higher than before for certain customers due to sensitivity of automation devices. In addition, power quality is affected by the deregulation of power markets in Turkey.
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By Fernando Nuno / Published on Mon, 2009-04-27 17:35
EU27 energy losses in distribution transformers reach 33.4 TWh/year.
Starting now, until 2025, EU has the opportunity to save 12 TWh/year and avoid 4 MTonnes CO2 if renovation of old transformers is carried out using efficient ones (instead of conventional ones).
The engagement on energy efficiency is also a matter of electricity networks regulators. The current models don't allow for fully efficient investments. A long term signal is required.
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By Fernando Nuno / Published on Mon, 2009-04-27 17:15
The Energy Efficiency Action Plan has set an indicative goal of reducing energy consumption by 20% by 2020. It suggests several initiatives to improve energy efficiency in the coming years. Network loss reduction in the power systems is one of these initiatives. This issue was discussed in the recent consultation paper “Treatment of Losses by Network Operators” published by the European Regulators Group for Electricity and Gas (ERGEG).
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By Sergio Ferreira / Published on Mon, 2008-10-06 11:07
Last week, the EU Member States Ecodesign Regulatory Committee endorsed two proposals for regulations setting performance standards to reduce electricity consumption in Europe.
The two regulatory proposals refer to two distinct product groups: Set-top boxes for televisions and office, industrial and street lighting.
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By Angelo Baggini / Published on Tue, 2008-06-10 09:00
Year: 2006
Policy Status: In force
Upon its publication in the EU Official Journal on 4 January 2003, the EU Directive on the Energy Performance of Buildings (EPBD) entered into EU law, allowing member states until 4 January 2006 to transpose the Directive into domestic building codes.
The Directive's principal objectives are:
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By Angelo Baggini / Published on Thu, 2008-03-13 17:02
New Decree 22/1/08 n. 37 (G. U. 12/3/08 n. 61) replacing 46/90 law has become effective.
New 22/1/08 Decree "Regulation for implementation of Art. 11-quaterdecies, paragraph 13, letter a of law N. 248, December 2, 2005, related to reorganization of regulation on installations inside buildings" has been published on the Italian Official Gazette, (12/03/08, N. 61)
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By Hans Nilsson / Published on Mon, 2007-09-17 09:50
So goes the old saying, but now it seems disputed. Some ten years ago, the Harvard economist Michel Porter postulated that regulations to protect the environment could have positive effects not only on the environment itself, but on industry as a whole. It could actually become more competitive and have a "win-win" case.
The thrust of Porter's argument is that industry works in a world of dynamic competition. They can, and must, develop their processes, make better use of raw materials and change their products. "Properly designed environmental standards can trigger innovations," he said.
This was in opposition to the "static" view, which basically takes technology, products, processes and consumer needs as fixed.
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