• Energy Research
• 2021-2025close
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The failure to fully internalize externalities from production and consumption, including on future generations, is supposed to be at the core of the perceived failure to ensure (ecological) sustainability within the realm of antitrust enforcement. While some argue that sustainability should constitute a goal in itself that must be balanced against economic efficiency in antitrust analysis, we instead want to explore whether and how sustainability can be incorporated into a consumer welfare approach. We make a key distinction between what we term an individualistic and a collective consumer welfare analysis. Within an individualistic consumer welfare analysis, consumers’ willingness-to-pay is measured ceteris paribus, holding other consumers’ choices fixed. In a collective consumer welfare analysis, consumers may express their willingness-to-pay also for the choices of others and, thereby, also for the reduction of externalities on themselves. Borrowing from environmental and resource economics, we also discuss more indirect ways of incorporating such externalities. And we critically assess the possibility of ‘laundering’ consumers’ sustainability preferences in the light of supposed biases and cognitive limitations. Finally, we relate our analysis to the Draft Horizontal Guidelines of the European Commission, published in March 2022. antitrust, consumer welfare, conjoint analysis, contingent valuation, Draft EU Horizontal Guidelines, environmental economics, externalities, laundering preferences, sustainability, willingness-to-pay

AbstractSmart Grids are electrical grids that require a decentralised way of controlling electric power conditioning and thereby control the production and distribution of energy. Yet, the integration of Distributed Renewable Energy Sources (DRESs) in the Smart Grid introduces new challenges with regards to electrical grid balancing and storing of electrical energy, as well as additional monetary costs. Furthermore, the future smart grid also has to take over the provision of Ancillary Services (ASs). In this paper, a distributed ICT infrastructure to solve such challenges, specifically related to ASs in future Smart Grids, is described. The proposed infrastructure is developed on the basis of the Smart Grid Architecture Model (SGAM) framework, which is defined by the European Commission in Smart Grid Mandate M/490. A testbed that provides a flexible, secure, and low-cost version of this architecture, illustrating the separation of systems and responsibilities, and supporting both emulated DRESs and real hardware has been developed. The resulting system supports the integration of a variety of DRESs with a secure two-way communication channel between the monitoring and controlling components. It assists in the analysis of various inter-operabilities and in the verification of eventual system designs. To validate the system design, the mapping of the proposed architecture to the testbed is presented. Further work will help improve the architecture in two directions; first, by investigating specific-purpose use cases, instantiated using this more generic framework; and second, by investigating the effects a realistic number and variety of connected devices within different grid configurations has on the testbed infrastructure.

Energy efficiency is an increasingly important dimension of household appliances, which is why they are labeled to indicate their energy consumption. In 2020, the European Union countries changed the labeling system from the previous system: ranging from A+++ to D, to the new system: ranging from A to G, assuming it would be more transparent for the consumer. The aim of the study was to find out the extent to which consumers are aware of the new labeling system, and the impact that the new labels have (compared to the previous ones) on the perception of household appliances and consumer decision-making. For this purpose, the survey was conducted on a nationwide representative Polish sample (n = 1054). The research was partly experimental, where the same appliances were presented with new and previous energy labels. The results showed that currently most people do not identify the new energy classes. Furthermore, products with the new labels are perceived as being less energy efficient in comparison with products with the previous labels, which shows that there is some confusion among consumers in terms of the new energy efficiency labeling system.

This paper studies the vibrational motion of a dynamical system connected to an electromagnetic device, which is one of the energy harvesting (EH) devices that transform the vibrational motion into electric energy. This system has three degrees-of-freedom (DOF) and consists of two linked parts attached together; one is a nonlinear Duffing oscillator, and the other is a nonlinear damping spring pendulum. The regulating equations of motion (EOM) are achieved utilizing Lagrange’s equations and solved analytically applying the approach of multiple scales (AMS) till the third order of approximation. The accuracy of the attained solutions has been examined by comparing them with the numerical ones of the EOM. The time histories of the solutions and the nonlinear stability analysis of the modulation equations are represented graphically in various plots. The Poincaré maps and phase portraits diagrams displayed the stable behavior of the studied dynamical system. In addition, the different ranges of the stabilities are examined and discussed. In the electromagnetic device, the output power and current time series are depicted as a function of different values of the damping coefficients, excitation amplitudes, and load resistance. It is noted that the output current and power are dropped when the damping coefficient is raised. On the other hand, the increment of the excitation has a positive effect on the electrical generation and produces increment of the output power and current. Furthermore, the output power grows when the total resistance increases to accommodate the applied load. The EH device generates high output current and power at low-frequency values. The significance of this work is limited to the numerous uses of its outcomes in everyday life, such as powering medical devices, serving as a power supply for sensors, and serving as a backup energy source for some electronic devices.

The leafy seadragon certainly is among evolution's most "beautiful and wonderful" species aptly named for its extraordinary camouflage mimicking its coastal seaweed habitat. However, limited information is known about the genetic basis of its phenotypes and conspicuous camouflage. Here, we revealed genomic signatures of rapid evolution and positive selection in core genes related to its camouflage, which allowed us to predict population dynamics for this species. Comparative genomic analysis revealed that seadragons have the smallest olfactory repertoires among all ray-finned fishes, suggesting adaptations to the highly specialized habitat. Other positively selected and rapidly evolving genes that serve in bone development and coloration are highly expressed in the leaf-like appendages, supporting a recent adaptive shift in camouflage appendage formation. Knock-out of bmp6 results in dysplastic intermuscular bones with a significantly reduced number in zebrafish, implying its important function in bone formation. Global climate change-induced loss of seagrass beds now severely threatens the continued existence of this enigmatic species. The leafy seadragon has a historically small population size likely due to its specific habitat requirements that further exacerbate its vulnerability to climate change. Therefore, taking climate change-induced range shifts into account while developing future protection strategies.

This study examines the impact of oil price uncertainty on mergers and acquisition (M&A) activity in the oil and gas sector. Analyzing this industry enables us to construct a natural forward-looking measure of oil price uncertainty, namely the implied crude oil volatility. Using a sample of U.S. firms in the oil and gas sector from 1994–2018 containing 4,323 announced transactions, we document that oil price uncertainty is negatively related to future M&A activity. Uncertainty is mainly a driver of horizontal and vertical M&A activity, where upstream firms are more affected by this uncertainty than downstream firms. Our results lend support to a real options explanation of investment under uncertainty where firms choose to defer investments as a response to increased uncertainty.

Energy harvesting is a useful technique for various kinds of self-powered electronic devices and systems as well as Internet of Things technology. This study presents a two-degrees-of-freedom (2DOF) electromagnetic energy harvester that can use environment vibration and provide energy for small electronic devices. The proposed harvester consists of a cylindrical tube with two moving magnets suspended by a magnetic spring mechanism and a stationary coil. In order to verify the theoretical model, a prototype electromagnetic harvester was constructed and tested. The influence of key parameters, including excitation acceleration, response to a harmonic frequency sweep, and electromechanical coupling on the generated characteristics of the harvester, was investigated. The experimental and theoretical results showed that the proposed electromagnetic energy harvester was able to increase the resonance bandwidth (60–1200 rad/s) and output power (0.2 W). However, due to strong nonlinearity, an unstable region occurred near the main first resonance, which resulted from the Neimark–Sacker bifurcation.