Bye, Torstein; Bruvoll, Annegrete; Aune, Finn Roar - In: Energy Economics 30 (2008) 4, pp. 1693-1711
In many countries hydropower constitutes a large share of the electricity producing capacity. In the earlier regulated electricity markets, production capacities exceeded demand due to security of supply concerns. The present deregulated markets base investments upon profitability alone, and...