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Joint Management Committee in Renewable Energy Projects as a Tool for Efficient Risk Management and Coordination

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Identyfikatory
Warianty tytułu
Języki publikacji
EN
Abstrakty
EN
The Renewable Energy (RE)sector has been developed in some degree by government policies, but tools must be applied on a private-commercial scale for this sector to grow even more. These tools can be applied through the contractual relationships between the participants in a RE project. Many contracts are involved in a RE project that are not integrated in such a way that cooperation for improving risk management is possible. To reach that goal some contractual institutions are needed. One of them is the joint management committee (JMC). JMC has been used in the context of oil and gas contracts for a long time. And it has been one of the reasons that petroleum projects despite having high risks and long terms, thrive. In this research, the application of a similar structure for renewable energy has been studied and a format for that has been proposed. Hence, it has concluded that this structure can bring authorities, RE producers, and utilities together, and provide integrity to the contracts involved with a RE project.
Rocznik
Strony
16--26
Opis fizyczny
Bibliogr. 27 poz.
Twórcy
  • Oil and Gas Law from University of Tehran (Iran)
Bibliografia
  • 1. Auriol E., Picard P. M., A theory of BOT concession contracts, "Journal of economic behavior & organization" 2013, 89, s. 187-209.
  • 2. Barbosa L., Nunes C., Rodrigues A., Sardinha A., Feed-in tariff contract schemes and regulatory uncertainty, "European Journal of Operational Research" 2020, 287 (1), s. 331-347.
  • 3. Bitar E., Giani A., Rajagopal R., Varagnolo D., Khargonekar P., Poolla K., Varaiya P., Optimal contracts for wind power producers in electricity markets, 49th IEEE Conference on Decision and Control (CDC), IEEE, 2010.
  • 4. Boroumand R.H., Goutte S., Porcher S., Porcher T., Hedging strategies in energy markets: The case of electricity retailers, "Energy Economics" 2015, 51, s. 503-509.
  • 5. Cachon G.P., Supply chain coordination with contracts, "Handbooks in operations research and management science" 2003, 11, s. 227-339.
  • 6. Chen Y.Q., Lu H., Lu W., Zhang N., Analysis of project delivery systems in Chinese construction industry with data envelopment analysis (DEA), Engineering, Construction and Architectural Management, 2010, s. 598-614.
  • 7. Deng S.J., Oren S.S., Electricity derivatives and risk management, "Energy" 2006, 31 (6-7), s. 940-953.
  • 8. García-Alvarez M.T., Mariz-Pérez R.M., Analysis of the success of feed-in tariff for renewable energy promotion mechanism in the EU: lessons from Germany and Spain, "Procedia-Social and Behavioral Sciences" 2012, 65, s. 52-57.
  • 9. Hult G.T.M., Ketchen Jr D.J., Nichols Jr E.L., An examination of cultural competitiveness and order fulfillment cycle time within supply chains, "Academy of management Journal" 2002, 45 (3), s. 577-586.
  • 10. Huneke F., Göß S., Österreicher J., Dahroug, O., Power purchase agreements: financial model for renewable energies, Energy Brainpool White Paper, 2018.
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  • 12. Jennings D., Feiten J., Bock H., Petroleum accounting Principles, Procedures and Issues. 5th edition. Denton, Texas: Professional Development Institute, 2000.
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  • 14. Kamat R., Oren, S.S., Exotic options for interruptible electricity supply contracts, "Operations Research" 2002, 50 (5), s. 835-850.
  • 15. Kreycik C.E., Couture T.D., Cory K.S., Procurement options for new renewable electricity supply. National Renewable Energy Lab.(NREL), Golden, CO (United States), 2011.
  • 16. Lapatinas A., Litina A., Sartzetakis E.S., Environmental projects in the presence of corruption, "International Tax and Public Finance" 2011, 26, s. 103-144.
  • 17. Liu M., Wu F.F., Risk management in a competitive electricity market, "International Journal of Electrical Power & Energy Systems" 2007, 29 (9), s. 690-697.
  • 18. Liu M., Wu F.F., Ni Y., A survey on risk management in electricity markets, 2006 IEEE Power Engineering Society General Meeting, IEEE, 2006.
  • 19. Maddahinasab M., Momenirad A., Tajarlou R., Razavi M., Managing confidential information on petroleum projects in the case of third parties, "Energy Policy Studies" 2019.
  • 20. Martin A.T., Model Contracts: A Survey of the Global Petroleum Industry, "Journal of Energy & Natural Resources Law" 2004, 22 (3), s. 281-340.
  • 21. Newbery, D. M., Competition, contracts, and entry in the electricity spot market, "The RAND Journal of Economics" 1998, s. 726-749.
  • 22. Oliveira F.S., Rui C., Conejo A.J., Contract design and supply chain coordination in the electricity industry, "European Journal of Operational Research" 2013, 227(3), s. 527-537.
  • 23. Roberts P., Joint Operating Agreements: A Practical Guide, Globe law and business, 2010.
  • 24. Schmid J., Lehecka, G., Gass V., Schmid E., Where the wind blows: Assessing the effect of fixed and premium based feed-in tariffs on the spatial diversification of wind turbines, "Energy Economics" 2013, 40, s. 269-276.
  • 25. Talus K., Looper, S., Otillar S., Lex Petrolea and the internationalization of petroleum agreements: focus on Host Government Contracts, "The Journal of World Energy Law & Business" 2012, 5(3), s. 181-193.
  • 26. Wisner J.D., Tan K.C., Supply chain m anagement and its impact on purchasing, "Journal of Supply Chain Management" 2000, 36(3), s. 33-42.
  • 27. Zhang Q., Wang, X., Hedge contract characterization and risk-constrained electricity procurement, "IEEE Transactions on Power Systems" 2009, 24(3), s. 1547-1558
Uwagi
Opracowanie rekordu ze środków MEiN, umowa nr SONP/SP/546092/2022 w ramach programu "Społeczna odpowiedzialność nauki" - moduł: Popularyzacja nauki i promocja sportu (2022-2023).
Typ dokumentu
Bibliografia
Identyfikator YADDA
bwmeta1.element.baztech-c6c3775e-df4d-4a10-8893-30c694e923f4
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