Unlike the European Union emission trade system (EU ETS), China’s pilot ETSs implemented diversified policy designs instead of using a uniform framework. Variance ratio test is used to evaluate the Efficient Market Hypothesis (EMH) in China’s carbon trading markets. The results of two versions of variance ratio tests indicate that the carbon trading market in Hubei is considered weak form efficient, and the socialist market economy does not necessarily lead to market inefficiency in carbon trading markets. Thin trading activities generate market frictions and bias the Efficient Market Hypothesis (EMH) tests. 相似文献
The increasing capacity of distributed electricity generation brings new challenges in maintaining a high security and quality of electricity supply. New techniques are required for grid support and power balance. The highest potential for these techniques is to be found on the part of the electricity distribution grid.
This article addresses this potential and presents the EEPOS project’s approach to the automated management of flexible electrical loads in neighborhoods. The management goals are (i) maximum utilization of distributed generation in the local grid, (ii) peak load shaving/congestion management, and (iii) reduction of electricity distribution losses. Contribution to the power balance is considered by applying two-tariff pricing for electricity.
The presented approach to energy management is tested in a hypothetical sensitivity analysis of a distribution feeder with 10 households and 10 photovoltaic (PV) plants with an average daily consumption of electricity of 4.54 kWh per household and a peak PV panel output of 0.38 kW per plant. Energy management shows efficient performance at relatively low capacities of flexible load. At a flexible load capacity of 2.5% (of the average daily electricity consumption), PV generation surplus is compensated by 34–100% depending on solar irradiance. Peak load is reduced by 30% on average. The article also presents the load shifting effect on electricity distribution losses and electricity costs for the grid user. 相似文献
We test for evidence that energy efficiency features are capitalized into home prices in three U.S. metropolitan areas. Using hedonic regressions and multiple matching procedures, we find that Energy Star certification is associated with higher sales prices in two of the markets: the Research Triangle region of North Carolina and Portland, Oregon. We find that local “green” certifications in Portland and in Austin, Texas, are also associated with higher prices and that the estimated price impacts are larger than those from Energy Star. Matching on observables proves to be important in some cases, reducing the estimated impacts compared with models without matching. We calculate the implied energy savings from the estimated premiums and find that, in the Research Triangle market, the Energy Star premiums approximately equal the savings that program is designed to achieve, but in Portland, the premiums are slightly greater than the program's savings due to low energy costs in the region. 相似文献
This article investigates the impact that the electricity tariff reform is likely to have on investments in renewable energies (i.e., photovoltaics) and the adoption of energy efficiency measures (i.e., installation of heat pumps and efficient home appliances) in the residential market in Italy. The study develops detailed cost comparisons and simulations considering two different investment scenarios (before and after the reform) to conclude that the reform will: (i) have a negative impact on investments in photovoltaic systems; (ii) favor the adoption of energy efficiency measures, such as efficient home appliances. 相似文献
There is an increasing trend to conduct the researches related to Microbial Fuel Cells (MFCs) in the recent years. Limited power output has been the major obstacle for the practical application and upscaling of MFCs. Attempts have been made on electrode modifications such as anode treatments, cathode modifications with catalysts and bio cathodes developments to produce varying degrees of improved output current depending upon the types of modifications. Power density and Coulombic efficiency have been considered as the important parameters to analyze the system performances. This paper overviews on the advances made in MFCs’ researches focusing on different types of electrodes modifications along with the involved methodology. Furthermore, the system performances of different modified MFCs are compared in terms of the power density and the Coulombic efficiency. 相似文献