Natural Resource Economics Commons^™

Managing Risks Of Market Price Uncertainty For A Microgrid Operation, Sriram Raghavan

Masters Theses

"After deregulation of electricity in the United States, the day-ahead and real-time markets allow load serving entities and generation companies to bid and purchase/sell energy under the supervision of the independent system operator (ISO). The electricity market prices are inherently uncertain, and can be highly volatile. The main objective of this thesis is to hedge against the risk from the uncertainty of the market prices when purchasing/selling energy from/to the market. The energy manager can also schedule distributed generators (DGs) and storage of the microgrid to meet the demand, in addition to energy transactions from the market. The risk measure …

Process Design, Dynamics, And Techno-Economic Analysis Of A Sustainable Coal, Wind, And Small Modular Nuclear Reactor Hybrid Energy System, Kyle Lee Buchheit

Doctoral Dissertations

"The availability of cheap electricity is one of the biggest factors for improving quality of life. With the debate on the effects of carbon dioxide emissions continuing, several countries have either implemented or are considering the reduction of emissions through various economic means. The inclusion of a monetary penalty on carbon emissions would increase the prices of electricity produced by carbon-based sources. The push for large-scale renewable sources of energy has met problems with regards to energy storage and availability. The proposed coal, wind, and nuclear hybrid energy system would combine a renewable energy source, wind, with traditional and stable …

Water Resources Development -- An Analysis Of Economic Justification Practices Of The Corps Of Engineers, Kerwood W. Barrand

Masters Theses

"Presented herein is a brief analysis of the economic justification practices of the Corps of Engineers as commonly implemented in proposals concerning water resources projects. Where applicable, recommended methods are compared to similar methods advocated for, and accepted by, private engineering firms in similar situations.

The major problem exists in the lack of a profit motive in programs undertaken with the use of public funds. However, a profit can be said to have been realized in public works programs if the total benefits of the programs to all the people exceed the costs of these programs and, further, if the …