Two-settlement systems for electricity markets under network uncertainty and market power

Article Abstract:

The welfare and distributional properties of a two-settlement system consisting of a spot market over a two-node network and a single energy forward contract is analyzed. The findings show that the reduction in forward trading is attributed to the segregation of the markets in the constrained state and the absence of natural incentives for generators to commit to more aggressive behavior in the spot market.

Forecasts, trends, outlooks, Electric services, Electric Bulk Power Transmission and Control, Electric Power Transmission, Models, Analysis, Forecasts and trends, Market trend/market analysis, Electric power systems, Spot market

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The financial and operational impacts of FERC order 636 on the interstate natural gas pipeline industry

Article Abstract:

The Federal Energy Regulatory Commission (FERC) changed the services and rate structures of natural gas interstate pipelines by issuing an order 636 in 1992. This order was known in the industry as a mega-NOPR (Notice Of Proposed Rulemaking) that created a discrete shift in the regulatory and operational environment facing gas pipeline utilities.

Water, sewer, and utility lines, Pipeline Construction, Water, Sewer, and Pipeline Construction, Crude Petroleum and Natural Gas Extraction, Crude petroleum and natural gas, Crude Petroleum & Natural Gas, Natural gas liquids, Petroleum refining, Oil & Gas Extraction, Oil and Gas Extraction, Gas industry, Powers and duties, United States. Federal Energy Regulatory Commission, Petroleum and gas industry software, Pipelines

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Privately owned railways' cost function, organization size and ownership

Article Abstract:

An important policy issue is introduced in the rail industry is the privatization of formerly government-owned railway organizations. The main aim of the government is to find the optimal size of an urban private rail organization as well as to evaluate cost difference by ownership.

Railroads, Rail Transportation, Transportation, Transportation Services, Support Activities for Transportation, LOCAL AND INTERURBAN PASSENGER TRANSIT, Transportation industry

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