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Austrian Association

for Energy Economics

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Reinhard Haas

Christian Redl

Hans Auer

Marion Glatz

(Editors)

Energy, Policies and Technologiesfor Sustainable Economies

Executive Summaries of the

10th IAEE European Conference

7-10 September 2009 in Vienna, Austria

Published by: International Association for Energy Economics, Cleveland OH

CONTENTS:

SESSION 1-1 IAEE Best Student Paper Award Competition

ZaferDilaver RESIDENTIAL ELECTRICITY DEMAND FOR TURKEY: A STRUCTURAL TIME

SERIES ANALYSIS 1

Daniela Flow SELECTING STATIC OLIGOPOLISTIC MODELS IN THE ITALIAN WHOLESALE

ELECTRICITY MARKET 3

Aurelie Mejean MODELLING THE COSTS OF BIOFUELS: A CASE STUDY OF U.S. CORN AND

BRAZILIAN SUGAR CANE 5

Claudia D. Aravena Novielli SHOULD CHILE USE RENEWABLES, FOSSIL FUELS OR

HYDROPOWER FOR FUTURE ELECTRICITY SUPPLY? -EVIDENCE FROM A CONTINGENT

VALUARION STUDY 7

Clara Ines Pardo Martinez ASSESSING OF ENERGY EFFICIENCY PERFORMANCE IN THE

GERMAN AND COLOMBIAN FOOD INDUSTRY 9

SESSION l-II Bioenergy and Biofuels 1 11

Lukas Kranzl, Gerald Kalt, Friedrich Diesenreiter, Erwin Schmid and Bernhard Stunner DOES

BIOENERGY CONTRIBUTE TO MORE STABLE ENERGY PRICES? 12

Gerald Kalt, Lukas Kranzl and Reinhard Haas THE CONTRIBUTION OF BIOENERGY TO THE 2020-

RES-TARGETS IN AUSTRIA AND OTHER CENTRAL EUROPEAN COUNTRIES 14

J. Kovdcs, Kdroly Kacz, Miklos Nemenyi and Erika Lakatos DIFFERENCES IN RAW MATERIAL

SOURCES FOR BIOFUEL PROCESSING 16

Witold-Roger Poganietz and Liselotte Schebek ECONOMICS AND ENVIRONMENTAL IMPACTS OF

LINGO-BIOETHANOL FUEL 18

Poeschl, Shane Ward and Philip Owende POLICY FRAMEWORK SUPPORTING THE DEPLOYMENT

OF BIOGAS TECHNOLOGY IN GERMANY 20

SESSION l-III Special Session: Large and optimal Integration ofRES 22

PoulErik Grohnheitand Frits M0ller Andersen IS MORE THAN 25 % WIND POWER FEASIBLE IN A

REGIONAL ELECTRICITY MARKET ? 23

L. Olmos, T. Gomez, E. Lobato and R. Cossent POLICY AND REGULATORY CHANGES FOR

NETWORKS (TSO & DSO) FOR THE INTEGRATION OF HIGH SHARES OF WIND, PV AND CHP

IN THE SUPPLY 25

Frits M0ller Andersen and Poul Erik Grohnheit CUSTOMERS' RESPONSE TO ELECTRICITY PRICE

VARIATONS CAUSED BY INTERMITTENT GENERATION 27

Adriaan van der Welle, Jeroen de Joode and Frits van Oostvoorn REGULATORY ROADMAPS FOR

LARGE-SCALE INTEGRATION OF ELECTRICITY FROM INTERMITTENT RESOURCES IN

FIVE NATIONAL ELECTRICITY MARKETS 28

SESSION 1-IV Energy Efficiency 1 30

Vanessa Schweizer USEFUL PARSIMONIOUS LONG-TERM ENERGY PROJECTIONS IN THE FACE

OF CLIMATE CHANGE 31

Michaela Valentova and Jaroslav Knapek MYTHS AND FACTS ON STANDBY POWER ENERGY

SAVING POTENTIAL - CZECH REPUBLIC CASE STUDY 33

Anke Weidlich and Stamatis Karnouskos INTEGRATING SMART HOUSES WITH THE SMART GRID

THROUGH WEB SERVICES FOR INCREASING ENERGY EFFICIENCY 35

Miklds NEMENYI and Gdbor MILICS THERMODYNAMIC MODELING OF AGRO-ECOLOGICAL

SYSTEMS ESPECIALLY REGARDING THE COST AND EFFICENTY OF THE TECHNOLOGICAL

ENERGY INPUT 37

SESSION 1-V Oil and Gas Industry I 39

Clinton John Levitt LEARNING THROUGH OIL AND GAS EXPLORATION 40

Roberto F. Aguilera THE FUTURE OF EUROPEAN NATURAL GAS 42

Guillaume L'oeillet and Frederic Lantz CRUDE OIL PRICES AND RETAIL PRICES: IS THERE AN

ASYMMETRIC TRANSMISSION? APPLICATION FOR FRANCE AND GERMANY 44

Leonardo Sobreira and Edmar Luiz Fagundes Almeida THE CHANGING BRAZILIAN NATURAL GAS

REGULATORY FRAMEWORK: A VETO PLAYER ANALYSIS 46

Susan L. Sakmar ENERGY AND THE ENVIRONMENT: ENVIRONMENTAL SUSTAINABILITY IN

THE GAS PROCESSING INDUSTRY 48

SESSION 1-VI Electricity Markets 1 50

Stephen Poletti and Julian Wright MARKET POWER AND SECURITY OF SUPPLY IN

ELECTRICITY MARKETS 53

Marta Ferreira Bias MERGERS BETWEEN NATURAL GAS SUPPLIERS AND ELECTRICITY

GENERATORS AND EUROPEAN CONSUMERS BENEFIT: EMPIRICAL EVIDENCE 55

Karim L. Anaya THE RESTRUCTURING AND PRIVATISATION OF THE PERUVIAN

ELECTRICITY DISTRIBUTION COMPANIES: A SOCIAL COST-BENEFIT ANALISYS 57

Xavier Labandeira, Liliana Gelabert and Pedro Linares RENEWABLE ENERGIES AND ELECTRICITY

PRICES IN SPAIN 59

SESSION 1-VII Energy Investment and Risk 61

Martin Benes and Oldrich Stary ECONOMIC RISK IN PPP ENERGY PROJECTS 62

Angelamaria Groppi and Paola Garrone LOCALLY-UNWANTED INVESTMENTS AND VOICE

EFFECTS IN POWER GENERATION. AN EMPIRICAL ANALYSIS 63

SigridStagl HOW NEUROSCIENCE CAN INFORM ENERGY ECONOMICS 65

Kristin Linnerud, Torben K. Mideksa and Gunnar S. Eskeland CLIMATE CHANGE— THE ACHILLES

HEEL OF THE THERMAL POWER INDUSTRY 67

SESSION 1-VIII Carbon Trading Modelling 69

Don Bredin and Cal Muckley AN ANALYSIS OF THE EU EMISSION TRADING SCHEME 70

Marc Gronwald and Janina Ketterer EVALUATING EMISSION TRADING AS A POLICY TOOL -

EVIDENCE FROM CONDITIONAL JUMP MODELS 72

Emilie Alberola, Julien Chevallier, Maria Mansanet-Bataller and Morgan Herve-Mignucci THE EUA-CER

SPREAD - COMPLIANCE STRATEGIES AND ARBITRAGE IN THE EUROPEAN CARBON

MARKET 74

SESSION 2-1 Renewables: Support Schemes 1 78

Christian Panzer, Gustav Resch, Reinhard Haas and Thomas Faber HOW TO EFFICIENTLY SUPPORT

RENEWABLE ELECTRICITY - THE FUTURE TASK IN EUROPE 79

Grenaa Jensen and Stephanie Ropenus SUPPORT RACE AGAINST THE EUROPEAN RES TARGET 81

Cecilia P. Araujo, Carlos Batlle, Pablo Rodilla andLuizA. Barroso NATIONAL SUPPORT SCHEMES

FOR RENEWABLE ENERGY SOURCES IN LATIN AMERICA. STATE OF THE ART, LESSONSLEARNED AND DESIGN CRITERIA 83

Guilherme de Biasi, Carlos Batlle, Pablo Rodilla and Clara I. Gonzalez A METHODOLOGY TO

ALLOCATE THE COST OF NATIONAL SUPPORT SCHEMES FOR RENEWABLE AMONG FINAL

ENERGY CONSUMERS 85

Jaroslav Kndpek and Jifi Vaswek RISK INCLUSION IN FEED-IN TARIFFS AND GREEN BONUSES

CALCULATION 87

SESSION 2-II Biofuels 89

Amela Ajanovic and Reinhard Haas TRENDS IN MOTORIZED PASSENGER TRANSPORT IN

EUROPEAN COUNTRIES -NO WAYS TOWARDS SUSTAINABILITY? 90

Felipe Andres Toro, Sandro Furlan, Laurent Cogerino, Maria Grahn, Hein de Wilde, Ingo Bunzeck, Martine

Uyterlinde, Felix Reitze, Daniel Rosende and Laura Quandt ALTERNATIVE FUELS AND

ALTERNATIVE AUTOMOTIVE SYSTEMS POTENTIALS AND FUTURE PERSPECTIVES FOR

EUROPE 92

Ingo Bunzeck, Hein de Wilde and Martine Uyterlinde POLICY EFFECTIVENESS - HOW TO CHOOSE

AND IMPLEMENT POLICIES THAT CAN HELP TO FACILITATE DEPLOYMENT OF

SUSTAINABLE ROAD TRANSPORT TECHNOLOGIES 94

Maria Mendes da Fonseca and Luis Eduardo Duque Dutra EVALUATION OF THE EFFECTIVENESS

OF BIOFUEL POLICIES IN SOUTH AMERICA 96

Soia Yeh, Stephen R. Kafjka. Joan M. Ogden, Bryan M. Jenkins and Daniel A. Sumner ANALYSIS OFSUSTAINABILITY STANDARDS AND THE APPLICABILITY TO THE CALIFORNIA LOW

CARBON FUEL STANDARD 98

SESSION 2-III Special Session: Susplan&Realisegrid 100

Vafeas Athanase, Galant Serge, Pagano Tiziana, L'Abbate Angelo, Hdger UIfand Fulli Gianluca A

TECHNOLOGY RANKING METHODOLOGY FOR THE COST-BENEFIT ANALYSIS OF

TRANSMISSION INVESTMENTS IN EUROPE 101

L'Abbate Angelo, Migliavacca Gianluigi, Fulli Gianluca, Gibescu Madeleine and Ciupuliga Ana R.

TRANSMISSION PLANNING IN EUROPE: FROM CURRENT METHODOLOGIES TO A NEW

SYSTEMIC APPROACH 103

Bj0m H. Bakken, Hans Auer and Michael M. Belsnes A MODELLING APPROACH FOR MORE

EFFICIENT INTEGRATION OF RENEWABLE ENERGY INTO FUTURE INFRASTRUCTURES. 105

Michael Martin Belsnes, Nicolai Feilberg and Bj0rn Harald Bakken STOCHASTIC MODELLING OFELECTRICITY MARKET PRICES IN EUROPE WITH LARGE SHARES OF RENEWABLEGENERATION 107

SESSION 2-1V Energy Efficiency Policies I 109

Louis-Gaetan Giraudet and Dominique Finon THE EFFICIENCY OF WHITE CERTIFICATESSCHEMES: THE GODS ARE IN THE DETAILS 110

RalfKuder and Markus Blesl EFFECTS OF A WHITE CERTIFICATE TRADING SCHEME ON THE

ENERGY SYSTEM OF THE EU-27 112

Viktors Zebergs, Namejs Zeltins, Karlis Mikelsons andAdrians Davis THE STRATEGY OF ENERGY

EFFICIENCY POLICY: NATIONAL AND INTERNATIONAL COHERENCE 114

Jun Li AN INVESTIGATION OF CDM FOR BUILDINGS ENERGY EFFICIENCY 118

SESSION 2-V Future Prospects of Oil and Gas Production 120

Mamdouh G. Salameh SAUDI PROVEN CRUDE OIL RESERVES: THE MYTH AND THE REALITY

REVISITED 121

Lars Lindholt and Solveig Glomsr0d FUTURE PRODUCTION OF OIL AND GAS IN THE ARCTIC.123

Aleksandr Rakintsev AN EMPIRICAL STUDY ON FACTORS AFFECTING THE OUTCOMES OF

THE OIL FIELD AUCTIONS IN RUSSIA 125

Farhood Rahnama and Marie-Anne Kirsch ENERGY EFFICIENCY IN ALBERTA OIL SANDS

PRODUCTION 127

SESSION 2-VI Electricity Markets II 128

Finn R F0rsund ELELCTRICITY TRADE BETWEEN COUNTRIES WITH DIFFERENT

GENERATION TECHNOLOGIES: THE CASE OF HYDRO AND THERMAL 129

Pedro Linares and Adela Conchado, IIT THE ECONOMICS OF NUCLEAR POWER IN

LIBERALIZED MARKETS 131

Enrique Loredo and Nuria Lopez-Mielgo, Jose-Alberto Goicochea ELECTRICITY COMPANY

VERTICAL BACKWARD INTEGRATION INTO REGASIFICATION FACILITIES: A

TRANSACTION COST EXPLANATION 133

Marta Ferreira Dias and Daniel Magueta CROSS OWNERSHIP AND CONCENTRATION IN THE

IBERIAN ELECTRICITY MARKET: LIBERALIZATION AND INTEGRATION EXPERIENCE.... 135

M. Soledad Arellano and Pablo Serra CONTRACTS AND MARKET POWER IN PRICE-REGULATED

POWER INDUSTRY 137

SESSION 2-VII Investment Decisions in Generation Technologies 1 139

James Tipping, Oliver Rix and Phil Grant DYNAMIC SIMULATION OF INVESTMENT DECISION¬

MAKING IN ELECTRICITY MARKETS 140

Florian Kienzle and Goran Andersson VALUING INVESTMENTS IN MULTI-ENERGY GENERATION

PLANTS UNDER UNCERTAINTY: A REAL OPTIONS ANALYSIS 142

Danny Auerswald and Florian Leuthold GENERATION PORTFOLIO AND INVESTMENT TIMING

UNTIL 2030: A REAL OPTIONS APPROACH FOR GERMANY 144

Erik Delarue, Cedric De Jonghe, Ronnie Belmans and William D'haeseleer APPLYING PORTFOLIO

THEORY ON THE ELECTRICITY SECTOR: INSTALLED CAPACITY VERSUS ACTUAL

ELECTRICITY GENERATION 145

Edwin Castro, Juan Carlos Morataya and Jose Rafael Argueta PORTFOLIO OPTIMIZATION MODEL

FOR ELECTRICITY PURCHASE IN LIBERLIZED ENERGY MARKETS 147

SESSION 2-VIII Future Prospects and Modelling of Carbon Trading 149

Fcehn, Taran, Jacobsen, Karl and Str0m, Birger COSTS OF NATIONAL CLIMATE AMBITIONS AND

THE ROLE OF TECHNOLOGAL ADAPTATIONS 150

Brita Bye and Taran Fcehn COSTS OF CLIMATE POLICIES FOR A SMALL OPEN ECONOMY - A

SURVEY OF DIFFERENT POLICY OPTIONS 152

Vicki Duscha and Joachim Schleich EFFECTS OF LINKING SMALL AND LARGE MARKETS

UNDER VARIOUS ALLOCATION REGIMES 154

Axel Sonntag, Julia Lechner and Gunther Maier EFFECTS OF INTEGRATING ROAD TRANSPORT

INTO THE EUROPEAN C02 EMISSIONS TRADING SYSTEM 156

SESSION 3-1 Energy Policies 1 158

Guenther Brauner ENERGY STRATEGY IN AUSTRIA UNTIL 2050 159

Carmen Dienst and Manfred Fischedick DEVELOPMENT OF A NEED- AND FUTURE-ORIENTED

TECHNOLOGY RADAR FOR SUSTAINABLE ENERGY TECHNOLOGIES, A HELPING TOOL FOR

DECISION PROCESSES 161

Pablo del Rio. ANALYSING THE INTERACTIONS BETWEEN RENEWABLE ENERGY

PROMOTION AND ENERGY EFFICIENCY SUPPORT SCHEMES 163

Merrill Jones BARRADALE IMPACT OF POLICY UNCERTAINTY ON RENEWABLE ENERGY

INVESTMENT: WIND POWER AND THE US PRODUCTION TAX CREDIT 165

Masashi Ohkura and Shunsuke Mori INVESTIGATION OF THE CONFIGURATION OF HYBRID

SOLAR ENERGY SYSTEM FOR DISTINCT ENERGY DEMAND 167

SESSION 3-H Bioenergy & Biofuels II 169

Gilles GUERASSIMOFF, Edi ASSOUMOU, Nadia MAIZI and Marc BORDIER BIOMASS FOR

ENERGY USES: ASSESSMENT METHODOLOGY FOR FRANCE 170

Jaroslav Kndpek, Jin Vasicek and Kamila HavUckovd WHAT ARE THE OBSTACLES FOR BIOMASS

MARKET DEVELOPMENT IN THE CZECH REPUBLIC? 172

Adam Torok and Zoltan Petres ANALYSIS OF BIOFUEL BASED MOBILITY IN HUNGARY 174

Vaibhav Chaturvedi BIO-FUELS FOR A LOW CARBON INDIAN SOCIETY 176

Yoshiki Ogawa and Hiroto Nakajima AN ANALYSIS ON THE ECONOMICS OF POWER

GENERATION USING WOOD WASTES FROM SCRAPPED HOUSES IN JAPAN 178

SESSION 3-III Electricity Transmission: Investment and Regulation 180

Christian von Hirschhausen, Jonas Egerer, Florian Leuthold, Wolf-Peter Schill and Lukas Buckers

EUROPEAN ELECTRICITY TRANSMISSION IN 2050 - AN ENGINEERING-ECONOMIC

ANALYSIS OF A COMBINED AC-DC SUPER GRID BASED ON RENEWABLE ENERGY SOURCES

(RES) 181

Hans Nylund SHARING THE COSTS OF TRANSMISSION EXPANSION: A COOPERATIVE GAME

THEORY APPROACH APPLIED ON THE NORDIC ELECTRICITY MARKET 183

Margarethe Rammerstorfer CONSTRAINED DIVESTITURE AND OWNERSHIP UNBUNDLING 185

Michielde Nooij OPTIMAL INVESTMENT IN INTERCONNECTION CAPACITY 187

Adrien de Hauteclocque and Vincent Rious WHY SHOULD WE ALLOW MERCHANT

TRANSMISSION INVESTMENTS BY INCUMBENT GENERATORS IN THE EUROPEAN UNION?

189

Isamu Matsukawa and Machiel Mulder EXTERNAL COSTS OF INTERCONNECTION: THE CASE OF

NORNED 191

SESSION 3-1V Energy Efficiency Policies II 193

Peter Grosche, Christoph M. Schmidt and Colin Vance IDENTIFYING FREE-RIDING IN ENERGY

CONSERVATION PROGRAMS USING REVEALED PREFERENCE DATA 194

Marina Varvesi EUROPEAN NETWORK FOR THE ENERGY PERFORMANCE CERTIFICATION

OF BUILDINGS - ENFORCE 196

Christian Stenqvist, Lars J. Nilsson, Patrik Soderholm, Linda Wdrell and Eva Henriksson VOLUNTARY

ENERGY EFFICIENCY PROGRAMS: AN INTERIM EVALUATION OF PFE IN SWEDEN 198

Christiane Egger and Christine Ohlinger ELECTRICITY EFFICIENCY POLICY IN UPPER AUSTRIA

200

Wilhelm Himmel, Silke Leichtfried, Bemhard Puttinger and Anton Schuller WINENERGY! ENERGY

EFFICIENCY INITIATIVE FOR STYRIAN COMPANIES TO IMPROVE THEIR COMPETITIVE

POSITION [WINENERGY! STEIRISCHE BETRIEBE SPAREN ENERGIEKOSTEN] 202

Frantisek Macholda, Jiri Beranovsky and Petr Vogel BLOCK OF FLATS RETROFITS IN THE

CENTRAL AND EASTERN EUROPE SEEN UNDER ECONOMIC AND GREENHOUSE WARMINGPOTENTIAL CRITERIA 204

SESSION 3-V Oil Price and Economy 206

Baltasar Manzano, Carlos de Miguel, Jose Maria Martin-Moreno and Jesus Ruiz DISENTANGLING THE

EFFECTS OF OIL SHOCKS: THE ROLE OF RIGIDITIES AND MONETARY POLICY 207

Rebeca Jimenez-Rodriguez MACROECONOMIC STRUCTURE AND OIL PRICE SHOCKS AT THE

INDUSTRIAL LEVEL: EVIDENCE FORM THE INDUSTRIES OF SIX OECD COUNTRIES 209

Rebeca Jimenez-Rodriguez and Marcelo Sanchez OIL PRICE SHOCKS ANDJAPANESE

MACROECONOMIC DEVELOPMENTS 211

Evangelia Papapetrou OIL PRICE ASYMMETRIC SHOCKS AND ECONOMIC ACTIVITY: THE

CASE OF GREECE 213

Manuel Frondeland Colin Vance DO HIGH OIL PRICES MATTER? EVIDENCE ON THE

MOBILITY BEHAVIOR OF GERMAN HOUSEHOLDS 215

SESSION 3-VI Electricity Market Modelling 1 217

Pablo Dueiias Martinez andJavier Reneses Guillen NATURAL GAS CONSIDERATION IN A MEDIUM-

TERM ELECTRICITY MARKET EQUILIBRIUM MODEL 218

Kenta Ofuji, Nobuyuki Yamaguchi and Mika Goto NEXT-DAY HYDROPOWER OUTPUT FORECAST

WITH KALMAN FILTER TANK MODEL 222

Daniel M. Hamblin and Lance D. McKinzie TESTING A REAL-TIME GEOTHERMAL POWER

CONTRACT MANAGEMENT TOOL PERFORMANCE IN A CHAOTIC WHOLESALE MARKET224

Adamec, Michaela Indrakova and Pavel Pavldtka TRANSFORMATION OF THE COMMERCIAL

FLOWS INTO PHYSICAL FLOWS OF ELECTRICITY 226

SESSION 3-VII Investment Decisions in Generation Technologies II 228

Jevgenijs Steinbuks, Andreia Meshreky and Karsten Neuhoff THE EFFECT OF ENERGY PRICES ON

OPERATION AND INVESTMENT IN OECD COUNTRIES: EVIDENCE FROM THE VINTAGE

CAPITAL MODEL 229

Christoph Weber and Andreas Fritz RISK MANAGEMENT IN MARKETS WITH LIMITED

LIQUIDITY 231

Christopher Breuer and Reinhard Madlener IMPACT OF DECENTRALIZED POWER GENERATION

ON THE ECONOMICS OF LARGE-SCALE POWER PLANTS 232

Sonja Luthiand Rolf Wustenhagen THE PRICE OF POLICY RISK - EMPIRICAL INSIGHTS FROM

CHOICE EXPERIMENTS WITH EUROPEAN SOLAR ENERGY PROJECT DEVELOPERS 234

Session 3-VIII Climate Change and Low Carbon Options 236

Akira Maedaand Makiko Nagaya THE OPTIMAL TIMING OF TRANSITION TO NEW

ENVIRONMENTAL TECHNOLOGY IN ECONOMIC GROWTH 237

Timothy J. Foxon, Geoffrey P. Hammond and Peter J. Pearson TRANSITION PATHWAYS FOR A LOW

CARBON ENERGY SYSTEM IN THE UK: INTEGRATING SUPPLY-SIDE AND DEMAND-SIDE

INSIGHTS 239

D. Gusbin and D. Devogelaer THE IMPACT OF THE EU ENERGY/CLIMATE PACKAGE ON

ENERGY SUPPLY SECURITY IN BELGIUM 241

Robert Pietzcker, Susanne Manger, Gunnar Luderer, Thomas Bruckner and Nico Bauer THE ROLE OF

CONCENTRATING SOLAR POWER AND PHOTOVOLTAICS FOR CLIMATE PROTECTION ... 243

Stefan Schmelzer and Todor Balabanov THE ROLE OF THE GREEN QUOTA AND REVENUE

RECYCLING SCHEMES IN THE CLIMATE CHANGE OPTIONS: A DYNAMIC GENERAL

EQUILIBRIUM ANALYSIS FOR AUSTRIA 245

SESSION 4-1 Energy Policies II 246

David Corderi and Cynthia Lin MEASURING THE SOCIAL RATE OF RETURN IN THE ENERGY

INDUSTRY: A STUDY OF THE OECD COUNTRIES 247

Jari Ojala and Esa Ruuskanen THE CO-EVOLUTION OF ENERGY POLICIES AND THE

MANUFACTURING INDUSTRIES: EXPERIENCES IN THE NORDIC COUNTRIES FROM THE

1960S TO THE PRESENT DAY 249

Ann van Ackere and Patricia Ochoa SCHEDULING HYDRO-ENERGY PRODUCTION: A POLICY

APPROACH 251

Julio Usaola, J. Rivier, M.A. Moreno, M. Bueno and Gonzalo Saenz de Miera EFFECT OF WIND

ENERGYON CAPACITY PAYMENT. THE CASE OF SPAIN 253

Luigi Paganetto, Giovanni Trovato and Sabrina Auci THE ENVIRONMENTAL KUZNETS CURVES

WITHIN EUROPEAN COUNTRIES AND SECTORS: GREENHOUSE EMISSION, PRODUCTION

FUNCTION AND TECHNOLOGY 255

Santiago Arango Aramburo, Carlos Jaime Franco Cardona, Yris Olaya Morales, D. Faviana Gutierrez Roa

and Eddy Marcela Naranjo Cardenas ANALYSIS AND DESIGN OF SUBSIDIES TO DOMICILIARY

ELECTRIC UTILITY SERVICES IN COLOMBIA THROUGH EXPERIMENTAL ECONOMICS... 257

SESSION 4-II Fuels and Mobility 259

Shunsuke Mori, Masahi Ohkura, Shintaro Takamine and Toshiteru Onojima A HYBRID WORLD FUEL

MARKET MODEL : A MODELING OF THE DYNAMIC FUEL MARKET EQUILIBRIUM WITH

THE STOCHASTIC PRICE DISTURBANCE PROCESS 260

M. M. Santos, Afonso Henriques M. Santos and Evgeniya Mezentseva ETHANOL AND PRE-SALT OIL

IN BRAZIL: COMPETITION OR COMPLEMENT? A PROSPECTIVE ANALYSIS FOR THE

BRAZILIAN MARKET 262

Maximilian Kloess POTENTIALS OF HYBRIDS AND ELECTRIC VEHICLES FOR THE

PASSENGER VEHICLE SECTOR IN AUSTRIA - A MODEL-BASED ANALYSIS 264

EdiAssoumou, Valerie Roy and Nadia Maizi SHIFT FROM OIL FUELED CARS FOR A SUSTAINABLE

MOBILITY IN FRANCE 266

Parisa Bazdar Ardebili and Abdolreza Rezaee Arjroody AN ECONOMIC FUEL CONSUMPTION

DEMAND MODEL IN ROAD TRANSPORTATION OF IRAN 268

SESSION 4-III Transmission Networks and Balancing Markets 269

Frieder Borggrefe and Karsten Neuhoff CROSS BORDER BALANCING MECHANISM IN A

HARMONIZED EUROPEAN ELECTRICITY MARKET 270

Christoph Mbller, Svetlozar Rachev and Frank Fabozzi STRATEGIC DEPLOYMENT OF BALANCING

ENERGY IN THE GERMAN ELECTRICITY MARKET 272

Laurent Gilotte, Stefan Leedham and Gareth Wordingham FLEXIBLE USE OF GAS POWERPLANTS:

REGULATION AND PRACTICE IN THE UK 274

Maria da Conceiqao Sampaio de Sousa and Eduardo Serrato REGULATORYSCHEMES FOR THE

BRAZILIAN MARKETOF ELECTRICITY TRANSMISSION 278

Serafin von Roon and Ulrich Wagner THE INTERACTION OF CONVENTIONAL POWER

PRODUCTION AND RENEWABLE POWER UNDER THE ASPECT OF BALANCING FORECAST

ERRORS 280

SESSION 4-1V Energy Efficiency and Technological Learning 282

Wina Graus, Eliane Blomen, Corinna Klefimann, Caroline Capone and Eva Strieker GLOBAL

TECHNICAL POTENTIALS FOR ENERGY-EFFICIENCY IMPROVEMENT 283

Nihan Karali and Kemal Sarica DIFFUSION POTENTIAL OF NEW ENERGY EFFICIENT

TECHNOLOGIES UNDER AN UNCERTAIN ENVIRONMENT 285

Karen Turner, Janine De Fence and Kim Swales SUPPLY CONSTRAINTS ON REBOUND EFFECTS

FROM INCREASES IN ENERGY EFFICIENCY: THE DISINVESTMENT EFFECT 287

E. Verdolini and M. Galeotti AT HOME AND ABROAD: AN EMPIRICAL ANALYSIS OF

INNOVATION IN ENERGY-EFFICIENT TECHNOLOGIES 289

Luca Vegetti and Fabio Nicolb A DEMAND SIDE EFFICIENCY CASE IN PROCESS INDUSTRIES:

MEETING ENVIRONMENTAL AND COST GOALS INA LARGE REFINERY 291

Martin Weiss, Martin Jimginger and Martin K. Patel LEARNING ENERGY EFFICIENCY:

QUANTIFYING PRICE AND EFFICIENCY DYNAMICS OF HOUSEHOLD ENERGY DEMAND

TECHNOLOGIES 293

Session 4-V Oil Market Modelling 1 295

Daniel Huppmann and Franziska Holz A MODEL FOR THE GLOBAL CRUDE OIL MARKET USING

A MULTI-POOL MCPAPPROACH 296

Sharon Xiaowen Lin and Michael Tamvakis OPEC ANNOUNCEMENTS AND THEIR EFFECTS ON

CRUDE OIL PRICES 298

Marc Gronwald JUMPS IN OIL PRICES - EVIDENCE AND IMPLICATIONS 299

E. Hache and F. Lantz OIL PRICE VOLATILITY: INFLUENCE OF THE TRADER'S BEHAVIOUR300

Kjell L0vas and Petter Osmundsen TRENDS AND TRADE-OFFS IN PETROLEUM TAXATION 302

Session 4-VI Electricity Market Modelling II 304

Pavel Pavlatka MARKET COUPLING AND PRICE COORDINATION BETWEEN POWER

EXCHANGES 305

Wolf-Peter Schill STRATEGIC STORAGE AND FLUCTUATING WIND POWER IN A GAME-

THEORETIC ELECTRICITY MARKET MODEL WITH IMPERFECT COMPETITION 307

Anke Efier, Dominik Mos and WolfFichtner REGIONAL DEVELOPMENT OF THE GERMAN POWER

SYSTEM TILL 2030 309

Hannes Weigt and Bert Willems 311

Matthaus Pietz RISK PREMIA IN THE GERMAN ELECTRICITY FUTURES MARKET 313

Session 4-VII Investment Decisions in Generation Technologies HI 315

Richard Lohwasser and Reinhard Madlener IMPACT OF CCS ON THE ECONOMICS OF COAL-

FIRED POWER PLANTS - WHY INVESTMENT COSTS DO AND EFFICIENCY DOESN'T

MATTER 316

Nina Hampl and Rolf Wiistenhagen THE INFLUENCE OF BRANDING ON INVESTMENT

DECISIONS UNDER UNCERTAINTY: A BEHAVIORAL FINANCE PERSPECTIVE ON

INDIVIDUAL INVESTORS IN RENEWABLE ENERGY STOCKS 318

Moritz Loock and Rolf Wiistenhagen UNDERSTANDING THE VALUE OF BUSINESS MODELS FOR

RENEWABLE ENERGY: EMPIRICAL EVIDENCE FROM CHOICE EXPERIMENTS WITH

INVESTORS 320

Session 4-VIII Climate Change Policies 322

Sandrine Selosse, Edi Assoumou, Nad'ia Mai'zi and Benoit Lentz GHG MITIGATION TARGETS BY

2020: WHAT INTERNATIONAL COORDINATION? 323

Aviel Verbruggen and Mohamed al Marchohi PEAK OIL AND CLIMATE CHANGE POLICY 325

Patricia Fortes, Sofia Simoes, Julia Seixas and Denise Van Regemorter TOP-DOWN VS. BOTTOM-UP

MODELING TO SUPPORT CLIMATE POLICY - COMPARATIVE ANALYSIS FOR THE

PORTUGUESE ECONOMY 327

Stefan Truck OPTIMAL CLIMATE CHANGE ADAPTATION STRATEGIES AT THE LOCAL

LEVEL 329

Deepak Sharma AUSTRALIAN ENERGY AND CLIMATE CHANGE POLICIES: A RECONNOITRE

331

SESSION 5-1 Renewables: Long Term 333

Vivien Csapi and Nora Kovdcs ARE OUR ENERGY PORTFOLIOS RENEWABLE? 334

Karl Anton Zach and Hans Auer CASE STUDIES FOR REGIONAL RES-E SCENARIO ANALYSIS

CONSIDERING INTERDEPENDENCES WITH NEIGHBOURING ENERGY SYSTEMS 335

Andreas Muller RENEWABLE ENERGY CARRIERS IN AUSTRIA: SCENARIO ASSEMENT WITH

FOCUS ON UNCERTAINTIES 337

Daniel Reiter, August Hirschbichler, Michael Strebl, Albrecht Renter, Thomas Hamacher, Pascal Muhlich

and Florian Botzenhart DEVELOPING A ROADMAP FOR THE FUTURE ENERGY

INFRASTRUCTURE IN SALZBURG 339

Sabine Wischermann and Hermann-Josef Wagner RENEWABLE ENERGY IN ENERGY SCENARIOS

FOR GERMANY 341

SESSION 5-II Supply Security 1 343

Andreas Keller, Christoph Biihringer and Edwin van der Werf THE (NON)SENSE OF ENERGYSECURITY INDICATORS AND POLICY 344

Christian Winzer, Karsten Neuhoffand Daniel Ralph MEASURING SECURITY OF SUPPLY 346

Lenhard Vanhoorn, Anca Badea, Fabio Monforti, Andras Szikszai, Ana Vetere and Henryk Faas SHORT

AND LONG-TERM INDICATOR AND EARLY WARNING TOOL FOR ENERGY SECURITY 348

Manuel Frondel, Nolan Ritter and Christoph M. Schmidt MEASURING ENERGY SUPPLY RISKS: A G7

RANKING 350

Clemens Haftendorn, Franziska Holz and Christian von Hirschhausen COALMOD-WORLD: THE

SECURITY OF COAL SUPPLIES UNTIL 2030 352

SESSION 5-III DSM, DG and Cost Allocation 354

Mathilde Drouineau, Nadia Ma'izi, Edi Assoumou and Vincent Mazauric RELIABILITY IN FUTURE

ELECTRICITY MIXES: THE QUESTION OF DISTRIBUTED AND RENEWABLE SOURCES 355

Seppo Karkkainen and Jussi Ikaheimo INTEGRATION OF DEMAND SIDE MANAGEMENT WITH

VARIABLE OUTPUT DG 357

Wolfgang Pruggler, Benoit Bletterie, Helfried Brunner and Friederich Kupzog ALLOCATION OF GRID

INTEGRATION COSTS FOR DISTRIBUTED GENERATION - ARE CHANGES REASONABLE? 359

Lukas Weissensteiner and Hans Auer OFFSHORE WINDPOWER GRID CONNECTION COSTS-

ANALYSIS OF SOCIAL TRANSFER COSTS FOR DIFFERENT ALLOCATION MECHANISMS... 361

SESSION 5 IV Energy Efficiency II 363

Hisanori Goto and Toshio Ariu AN ANALYSIS OF RESIDENTIAL CUSTOMERS' PREFERENCES

FOR HOUSEHOLD ENERGY SYSTEMS 364

Saplacan Pop Roxana, Brzakowski Florence and Entem Marianne RESIDENTIAL ELECTRICITY

DEMAND: A ROADMAPOF MAIN FACTORS INFLUENCING CUSTOMERS CONSUMPTION... 366

Helena Meier and Tooraj Jamasb HOUSEHOLD ENERGY SPENDING AND INCOME GROUPS: THE

CASE OF GREAT BRITAIN 1991-2007 368

Braun Frauke PREFERENCES FOR HEATING TECHNOLOGIES: A DISCRETE CHOICE

ANALYSIS FOR GERMAN HOUSEHOLDS 370

Louis-Gae'tan Giraudet, Celine Guivarch and Philippe Quirion A MODEL OF THE FRENCHRESIDENTIAL DEMAND FOR HEATING ENERGY TO EVALUATE THE PROSPECTIVE IMPACTOF POLICY INSTRUMENTS 372

SESSION 5-V Oil Market Modelling II 374

Magne Emhjellen and Petter Osmundsen COST VALUATION AND TAX DESIGN 375

Andreas Fritz and Christoph Weber EFFICIENCY IN THE CRUDE OIL FUTURES MARKET:

BACKTESTING RECENT DEVELOPMENTS WITH MULTIFACTOR MODELS 377

IstemiBerk IMPACTS OF FINANCIAL DERIVATIVES MARKET ON OIL PRICE VOLATILITY.. 378

MohamedEl Hedi AROURIand Julien FOUQUAUHOW DO OIL PRICES AFFECT STOCK RETURNS

IN GCC MARKETS? AN ASYMMETRIC COINTEGRATION APPROACH 380

SESSION 5-VI Electricity Market Modelling III 382

Carlo A. Bollino and Paolo Polinori ESTIMATING COST FUNCTION USING OBSERVED BID DATA

IN WHOLESALE ELECTRICITY ITALIAN MARKET 383

Christian Redl, Bernhard Bohm, Claus Huberand Reinhard Haas FORWARD PREMIA IN

ELECTRICITY MARKETS: THE INFLUENCE OF SHOCKS, MARKET STRUCTURES, AND RISK

AND MARKET ASSESSMENTS ON INEFFICIENT MARKET OUTCOMES 385

Hiroaki Suenaga NON-LINEARITY AND SEASONAL VARIATION IN THE SPARK-SPREAD

RELATIONSHIP 387

Kemal Sarica, hhan Or and Giirkan Kumbaroglu MODELING AND ANALYSIS OF A

DECENTRALIZED ELECTRICITY MARKET: INTEGRATED SIMULATION/OPTIMIZATION.. 389

Session 5-VII Local Case Studies 391

Valentinas Klevas, Kestutis Bieksa, Audrone Kleviene and Jolanta Bubeliene LOCAL SCENARIA FOR

SUSTAINABLE ENERGY DEVELOPMENT 392

BANFI Silvia and FILIPPINI Massimo RESOURCE RENT TAXATION AND BENCHMARKING - A

NEW PERSPECTIVE FOR THE SWISS HYDROPOWER SECTOR 394

Nir Becker, David Soloveitchik and Moshe Olshansky MODELING NATIONAL EMISSIONS

REDUCTION TARGETS FOR ELECTRICITY GENERATION IN ISRAEL 396

Charles Yousif ENERGY, TRANSPORTAND WASTE MANAGEMENT: A REVIEW OF MALTESE

POLICIES TO COMBAT CLIMATE CHANGE 398

Nhan T. Nguyena, Minh Ha-Duong, Thanh C. Trail, Ram M. Shrestha, Franck Nadaud BARRIERS TO

THE ADOPTION OF CLEANER AND ENERGY EFFICIENT TECHNOLOGIES IN VIETNAM 400

SESSION 5-VIII Towards Sustainability 1 402

Roudi Baroudi ENERGY POLICIES AND TECHNOLOGIES FOR SUSTAINABLE ECONOMIES.. 403

Gunnar Luderer, Valentino Bosetti, Michael Jakob, Jan Steckel, Henri Waisman and Ottmar EdenhoferTOWARDS A BETTER UNDERSTANDING OF DISPARITIES IN SCENARIOS OF

DECARBONIZATION: SECTORALLY AND REGIONALLY EXPLICIT RESULTS FROM THE

RECIPE PROJECT 405

Prasoon Agarwal ARTICULATING A LOW CARBON TRANSPORT SYSTEM IN INDIA 407

Sara Proenqa and Miguel St Aubyn A HYBRID APPROACH FOR ENERGY-CLIMATE POLICY

ANALYSIS: EFFECTS OF FEED-IN TARIFFS TO PROMOTE RENEWABLE ENERGY IN

PORTUGAL 409

SESSION 6-1 Country Studies 411

Julieta C. Schallenberg Rodriguez and Reinhard Haas LESSONS LEARNED FIXED FEED-IN VERSUS

PREMIUMS: THE CASE OF SPAIN 412

Craig Froome and Liam Wagner DESIGNING SOLAR FEED-IN TARIFFS FOR AUSTRALIA:

LESSONS LEARNT FROM EUROPE? 414

Vaclovas Miskinis, Konstantina Viciute and Dalius Tarvydas CURRENT TRENDS AND FUTURE ROLE

OF RENEWABLE ENERGY SOURCES IN LITHUANIA 416

Liam Wagner, Craig Froome, Ariel Liebman andJohn Foster FORCASTING THE LONG TERM

EMISSIONS INTENSITY FACTOR FOR ELECTRICITY MARKETS: AN AUSTRALIAN CASE

STUDY 418

SESSION 6-II Supply Security II 420

Ibrahim ABADA and Olivier MASSOL SECURITY OF SUPPLY IN THE EUROPEAN GAS MARKET:

A MODEL-BASED ANALYSIS 421

Ricardo Ponzo, Erik Larsen, Santiago Arengo and Isaac Dyner REGULATION AND THE LONG-TERM

SECURITY OF SUPPLY IN THE ARGENTINIAN GAS MARKET 423

Sungiljang ENERGY SECURITY STRATEGIES OF CHINA, JAPAN, AND KOREA TOWARDSAFRICAN COUNTRIES: STATUS AND CHANLLENGES 425

Shih-Mo Lin and Chun-Chiang Feng ENERGY SECURITY IN TAIWAN: REVIEW AND RE¬

EXAMINATION 427

Aaron J. Praktiknjo THE PRICE OF SUPPLY SECURITY OF ELECTRICAL ENERGY AGAINST

TERRORISM 428

Session 6-HI Energy Demand II 430

Petra Amrusch and Franz Wirl THE IMPACT OF THE ECONOMIC CRISIS AND ENERGY PRICES

ON THE DEMAND FOR TRANSPORATION 431

Reza Dashti and Majid Amidpour ECONOMICAL DESCENDING TREND OF ENERGY IN THE

WORLD PROCEEDS 432

Michael Dalton, Brian C O'Neill and Katarina Zigovd ENERGY CONSUMPTION PREFERENCES AND

CHANGES IN HOUSEHOLD STRUCTURE. THE CASE OF UNITED STATES 434

Session 6-IV Energy Demand 1 436

Trude Berg Andersen, Odd Bjarte Nilsen and Ragnar Tveteras ENERGY DEMAND ELASTICITIES OF

MANUFACTURING INDUSTRIES ACROSS THE OECD 437

Massimo Filippini and Lester C Hunt ENERGY DEMAND AND ENERGY EFFICIENCY IN OECD

COUNTRIES: A STOCHASTIC DEMAND FRONTIER APPROACH 439

J.Kim Swales and Karen Turner THE REBOUND EFFECT WITH ENERGY PRODUCTION: A

PARTIAL EQUILIBRIUM ANALYSIS 441

Moritz Paulus and Frieder Borggrefe ECONOMIC POTENTIAL OF DEMAND SIDE MANAGEMENT

IN AN INDUSTRIALIZED COUNTRY - THE CASE OF GERMANY 443

Session 6-V Oil and Gas Industry II 445

Antonio Taglia and Nicola Rossi EUROPEAN GAS IMPORTS: GHG EMISSIONS FROM THE SUPPLY

CHAIN 446

Yue Xu and Kjetil Haugen A GAME OF UPSTEAM NATURAL GAS PIPELINE DEVELOPMENT448

Glenn D. Olowojaiye NATURAL GAS CONSUMPTION IN THE ENERGY MIX OF GERMANY

ENERGY: PROSPECTS AND CONCERNS 450

Petter Osmundsen, Kristin Helen Roll and Ragnar Tveteras DRILLING PRODUCTIVITY ON THE

NORWEGIAN CONTINENTAL SHELF 452

Petter Osmundsen, Terje S0renes and Anders Toft INCENTIVE DESIGN IN OIL SERVICE

CONTRACTS 454

SESSION 6-VI Price Volatility Modelling 456

Joachim BenatzJcy MODELLING POWER FUTURES VOLATILITY: COMPARISON OF ARMA AND

GARCH MODELS BASED ON EEX DATA 459

Michael Splett and Jorg Bendfeld EFFECTS OF OFFSHORE WIND ENERGY FLUCTUATIONS ON

THE INTRA-DAY SPOT MARKET IN GERMANY 460

Julien Chevallier and Benott Sevi ON THE REALIZED VOLATILITY OF tHE ECX EMISSIONS 2008

FUTURES CONTRACT: DISTRIBUTION, DYNAMICS AND FORECASTING 462

Anne Neumann, Astrid Cullmann and Christian von Hirschhausen GLOBALIZATION OF STEAM

COAL MARKETS? - AN ECONOMETRIC ANALYSIS 463

SESSION 6-VII Coal and Nuclear Generation Technologies 465

Klaus Rennings, Peter Markewitz and Stefan Vogele HOW CLEAN IS CLEAN? INCREMENTAL

VERSUS RADICAL TECHNOLOGICAL CHANGE IN COAL-FIRED POWER PLANTS 466

Joliannes HEROLD, Jan ABRELL and Florian LEUTHOLD MODELLING THE DIFFUSION OF

CARBON CAPTURE AND STORAGE UNDER LEARNING EFFECTS 468

Leszek Jurdziak and Justyna Wiktorowicz ESTIMATION OF CASH FLOWS VOLATILITY FOR RISK

ANALYSIS OF A NEW LIGNITE POWER PLANT 469

Egidijus Norvaisa and Robertas Alzbutas ECONOMIC AND SENSITIVITY ANALYSIS OF NON-

LARGE NUCLEAR REACTORS WITH COGENERATION OPTION IN LITHUANIA 471

SESSION 6-VIII Towards Sustainabiliity II 473

Rolf Golombek, Finn Roar Aune, Mads Greake, Sverre Kittelsen and Ole Rogeberg CCS IN EUROPE -

LONG AWAITED SILVER BULLET OR YET A CLIMATE FRIENDLY TECHNOLOGY IN NEED

OF GOVERNMENT DEPLOYMENT SUPPORT? 474

Neil Strachan UNCERTAINTIES IN UK DECARBONISATION TRANSITION PATHWAYS 476

Per Ivor Karstad NORWEGIAN VALUE CREATION BEYOND OIL AND GAS - STRATEGIC

OPPORTUNITIES IN SUSTAINABLE ENERGY PRODUCTION 478

Michael Stadler, Chris Marnay, Gonqalo Ferreira Cardoso,Olivier Megel, Afzal Siddiqui, andJudy Lai

GREENHOUSE GAS ABATEMENT WITH DISTRIBUTED GENERATION IN CALIFORNIA'S

COMMERCIAL BUILDINGS 480

SESSION 7-1 Renewable Case and Country Studies 482

Ulrike Lehr MORE BASKETS? - RENEWABLE ENERGY AND ENERGY SECURITY 483

Jelena Zoric and Nevenka Hrovatin ATTITUDE TOWARDS GREEN ELECTRICITY CONSUMPTION

IN THE NEW EU MEMBER STATES: A CASE OF SLOVENIA 485

Slavica Robic, Diana Ognjan and Nenad Debrecin PROFITABILITY AND THE FEASIBILITY OF THE

PHOTOVOLTAICS IN CROATIA - ANALYISIS OF TECHNICAL, ECONOMICAL AND LEGAL

ASPECTS 487

Dorian Litvine and Rolf Wustenhagen OVERCOMING BARRIERS TO PURCHASING GREEN

ELECTRICITY - EMPIRICAL EVIDENCE FROM SWISS HOUSEHOLDS 489

Robert Lundmark and Shima Shahrammehr ARMINGTON ELASTICITIES OF INTRA-EUROPEAN

TRADE WITH WOOD BIOENERGY PRODUCTS 491

SESSION 7-II Renewables: Case Studies 493

Srichattra Chaivongvilan and Deepak Sharma LONG-TERM IMPACTS OF ALTERNATIVE ENERGY-

ENVIRONMENTAL SCENARIOS FOR THAILAND 494

Omvir Chaudhry and Anusha Sirigiri DYNAMIC CGE MODELLING AND ANALYSIS OF THE

INDIAN ECONOMY AND ENERGY EFFICIENCY 496

Choelhung Cho, Volker Krey, Shonali Pachauri, Keywan Riahi and Tommi Ekholm FUTURE

SCENARIOS FOR IMPROVING ACCESS TO MODERN ENERGY SERVICES IN INDIAN

HOUSEHOLDS 498

Gunther Bensch, Jochen Kluve and Jorg Peters IMPACTS OF RURAL ELECTRIFICATION

PROGRAMMES - EVIDENCE FROM RWANDA 499

Niloofar Sharbafian PROSPECT OF WIND ENERGY SUPPLY IN IRAN UP TO 2030 501

SESSION 7-III Gas and Coal Market Modelling 502

Stephen P.A. Brown and Mine Yucel MARKET ARBITRAGE: EUROPEAN AND NORTH AMERICAN

NATURAL GAS PRICES 503

Yuri Yegorov and Franz Wirl INTERNATIONAL GAS MARKETS: ECONOMICS, GEOGRAPHY AND

POLITICS 505

Petter Bjerksund, Gunnar Stensland and Frank Vagstad GAS STORAGE VALUATION: PRICE

MODELLING V. OPTIMIZATION METHODS 507

SESSION 7-IV Urban and Rural Energy Use 509

Olivier Pol, Maria-Rosaria Di Nucci and Ute Gigle INTEGRATION OF DEMAND AND SUPPLY SIDE

ACTIVITIES IN CONCERTO COMMUNITIES: A PRELIMINARY ASSESSMENT OF PLANNING

AND IMPLEMENTATION MECHANISMS FOR SUSTAINABLE LOCAL ENERGY STRATEGIES

510

Heimo Biirbaumer STRATEGIES FOR E5 AND THE EUROPEAN ENERGY AWARD ® - A TOTAL

QUALITY MANAGEMENT SYSTEM FOR COMMUNAL ENERGY-RELATED ACTIVITIES ON ITS

WAY TOWARDS AN INTEGRATED CLIMATE PROTECTION PROGRAM FOR COMMUNITIES

AND REGIONS 512

Mi Hong and Zhou Wei A SIMULATION RESEARCH ON CHINESE URBANIZATION AND ENERGY

COMSUMPTIONn2010-2040D 514

SESSION 7-V Oil and Gas Industry III 516

Sophia Ruester TRUST AS A SHIFT PARAMETER IN THE EXTENDED TRANSACTION COST

FRAMEWORK - A FIRST APPLICATION TO THE LNG INDUSTRY 517

Konstantinos G. Gkonis and Harilaos N. Psaraftis CASPIAN - BLACK SEA - SE EUROPEAN GAS

CORRIDORS AND THE LNG PARAMETER: A SCENARIO BUNDLES APPROACH 519

Franziska Holz and Matthew Macauley THE STRUCTURE OF THE EUROPEAN HIGH PRESSURE

NATURAL GAS NETWORK: A GRAPH THEORY BASED ANALYSIS 521

Francisco Ebeling Barros and Felipe Augusto Dias THE ROLE OF INSTITUTIONS IN THE

DEVELOPMENT OF LATIN AMERICAN OIL INDUSTRIES: A EVOLUTIONIST AND ECONOMIC

HISTORIC APPROACH 523

SESSION 7-VI Wind Power and Electricity Markets 525

Hans Auer AVOIDED EMISSIONS AND EXTERNAL COSTS IN THE EU27 MEMBER STATES UP

TO 2030: STUDY ON THE ENVIRONMENTAL BENEFITS OF WIND ENERGY REPLACING

FOSSIL-FUEL BASED ELECTRICITY GENERATION 526

Cedric De Jonghe, Erik Delarue, Ronnie Belmans and William D'haeseleer THE IMPACT OF LARGE-

SCALE WIND POWER DEPLOYMENT ON THE FUTURE POWER GENERATION MIX 528

Carlo Obersteiner and Marcelo Saguan ON THE MARKET VALUE OF WIND POWER 530

Marcelo Saguan, Fabien Roques, Olivier Mestre, Celine Hirouxn and Sebastian Libonnatti

CHARACTERISTICS OF THE FRENCH WIND RESOURCE: LONG-TERM PATTERNS,

RELATIONSHIP TO ELECTRICITY DEMAND AND PORTFOLIO ANALYSIS 532

Matthias Pickl, Erich Wagner and Franz Wirl THE IMPACT OF INTRODUCING 7-DAY-TRADING ON

THE AUSTRIAN ELECTRICITY MARKET 534

SESSION 7-VII Technological Learning 536

W.GJ.H.M. van Sark, C.F. Yu and EA. Alsema INCORPORATION OF INPUT PRICES AND SCALE

EFFECTS IN A MULTI-FACTOR LEARNING CURVE FOR PHOTOVOLTAIC TECHNOLOGY.. 537

Nik Roloff, Ulrike Lehr and Wolfram Krewitt MODELLING THE EFFECTS OF TECHNOLOGY-PUSH

AND DEMAND-PULL POLICIES ON TECHNOLOGICAL CHANGE IN THE ENERGY SECTOR -

THE CASE OF PHOTOVOLTAICS 539

Kristina Ek and Patrik Sbderholm TECHNOLOGY LEARNING AND RESEARCH IN WIND POWER:

RETHINKING THE TECHNOLOGY DEVELOPMENT PROCESS 541

Frauke G. Braun, Jens Schmidt-Ehmcke and Petra Zloczysti INNOVATIVE ACTVITY IN RENEWABLE

ENERGY TECHNOLOGIES: EMPIRICAL EVIDENCE ON KNOWLEDGE SPILLOVERS USING

PATENT DATA 543

Sondes Kahouli SIMULTANEOUS EFFECT OF THE TECHNOLOGICAL LEARNING AND

URANIUM SCARCITY ON THE NUCLEAR ENERGY TECHNOLOGY COST 545

SESSION 7-VIII Heating 547

Linda Wdrell and Thomas Sundqvist MARKET OPENING IN LOCAL DISTRICT HEATING

NETWORKS 548

Alois Kraussler, Matthias THEISSING, Ingrid Theissing-Brauhart, Michael Wanek INSTATIONARITY

AS A LIMITING FACTOR FOR THE USE OF INDUSTRIAL WASTE HEAT IN HEATING-

NETWORKS 550

Nguyen Huu Phuc, Yoshiyuki Matsuura and Motonobu Kubo EFFICIENT EXPLOITATION OF WASTE

HEAT: MANAGEMENT FOR A WASTE HEATUTILIZATION PROJECT FROM ECONOMIC

PERSPECTIVES 552

Bert Droste-Franke FUEL CELL HEATING PLANTS - CONTRIBUTING TO FUTURE VIABILITY

OF ENERGY SYSTEMS 554

Johannes Schmidt, Sylvain Leduc, Erik Dotzauer, Georg Kindermann and Erwin Schmid POTENTIALS

FOR BIOMASS FIRED COMBINED HEATAND POWER PLANTS CONSIDERING THE SPATIAL

DISTRIBUTION OF BIOMASS SUPPLY AND HEAT DEMAND: AN AUSTRIAN CASE STUDY .... 556