2017
Autores
Pinho, J; Resende, J; Soares, I;
Publicação
PROCEEDINGS OF THE 3RD INTERNATIONAL CONFERENCE ON ENERGY AND ENVIRONMENT (ICEE 2017)
Abstract
In the last decades, the weight of renewable energies sources (RES) in the electricity generation mix of most European countries has considerably increased. The implementation of these policies has been relying on different supporting schemes such as: the existence of a price premium for RES (feed-in tariffs); the assignment of priority access to renewable sources over conventional sources when entering the electricity network; and subsidizing investments in RE. While these incentives have certainly played a very important role in launching renewable energy production in Europe, more recently, both scholars and practitioners are claiming that RE generation should now be exposed to market incentives in order to promote economic efficiency. However, the inclusion of RE in the market may significantly affect equilibrium outcomes arising in electricity wholesale markets. Recent empirical studies, e.g. Puller (2007), point that the inclusion of RES in the market reduces average electricity prices at the cost of increasing price volatility (merit of order effect). Such outcomes can be explained by the intermittent nature of RES together with the asymmetry on generation marginal costs between RES and non-renewable energy sources (with the former being quite low for most of the available RES). However, the inclusion of RES in the wholesale electricity market may also yield strategic effects, as firms may strategically manipulate renewable energy production in order to have greater market power. In this paper, we provide an overview of the investment challenges following the introduction of market-based mechanisms for renewable production. The next step of this research project will be the development of a theoretical model, building on Milstein and Tishler (2011) in order to address the regulatory challenges related to capacity investment in a market with uncertain demand in which two firms offer two different electricity generation technologies, respectively using renewable and non-renewable energy sources. The renewable energy production is assumed to have an intermittent nature.
2017
Autores
Resende, J; Aquino, T; de Castro, N; Aguiar, J;
Publicação
PROCEEDINGS OF THE 3RD INTERNATIONAL CONFERENCE ON ENERGY AND ENVIRONMENT (ICEE 2017)
Abstract
The aim of this paper is to compare the electricity market design currently adopted in Portugal and in Brazil. We shed light on the differences and similarities between the two models regarding their rationale and risks. In particular, we highlight their differences regarding the organization of the wholesale and the retail activities: while the Portuguese model builds upon the pillars of competitive generation and retail, the Brazilian model is based on a centralized auction-contracting mechanism in the wholesale market and on captive consumption in the downstream market. We assess the advantages and disadvantages of each model by reviewing the theoretical and empirical literature on the benefits and limitations of retail choice and the literature on the pros and cons of electricity markets (in Portugal) versus contracts markets (in Brazil). The first approach yields competition in the market, whereas the second one fosters competition for electricity supply. We characterize the most stringent flaws in each model and we conclude that there is room for regulatory innovation in both models. The Portuguese model needs to be adjusted to create the necessary incentives to invest in the capacity that is needed to achieve the country's environmental and supply security goals. The Brazilian model already privileges investment incentives but it needs to be redesigned in order to account for the excessive risk allocated to distributors, which are quite vulnerable to exogenous shocks (e.g. hydrological shocks or demand-side macroeconomic shocks).
2016
Autores
Barradas, LCS; Rodrigues, EM; Ferreira, JJP;
Publicação
International Journal of Innovation and Learning
Abstract
Innovation and knowledge creation are tightly related concepts. Collaborative innovation networks (COINs) are very productive ecosystems for knowledge generation. Acknowledging their relevance for innovation, we propose a novel ontology for knowledge management (KM) in COINs, which builds on COINs related literature and is partially derived from topic-related and enterprise ontologies. The utility of the ontology is illustrated through an application case in a software house. The ontology can be applied in different cases involving KM in COINs, such as support the development of IT-based KM services for knowledge co-creation in COINs or, be used as an auditing tool in collaborative innovation processes. © 2016 Inderscience Enterprises Ltd.
2016
Autores
Nicola, S; Ferreira, EP; Pinto Ferreira, JJ;
Publicação
Lecture Notes in Economics and Mathematical Systems
Abstract
2016
Autores
Mention, AL; Ferreira, JJP; Torkkeli, M;
Publicação
Journal of Innovation Management
Abstract
2016
Autores
Torkkeli, M; Mention, AL; Ferreira, JJP;
Publicação
Journal of Innovation Management
Abstract
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