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The problem of optimal management of a water reservoir by a hydropower producer is necessarily a dynamic one since … water can be transferred between periods. A hydropower producer being a monopolist cannot reduce output in the classical way …
Persistent link: https://www.econbiz.de/10014054534
In order to analyse the consequences of uncertainty for prices and efficiency in a hydropower system, we apply a two …. The introduction of thermal power into the hydropower market has an impact on the residual demand function, which is … important for the hydropower producers' possibilities of exercising market power. …
Persistent link: https://www.econbiz.de/10011968290
In order to analyse the consequences of uncertainty for prices and efficiency in a hydropower system, we apply a two …. The introduction of thermal power into the hydropower market has an impact on the residual demand function, which is … important for the hydropower producers' possibilities of exercising market power. …
Persistent link: https://www.econbiz.de/10004980932
the Nordic countries; hydropower, conventional thermal, nuclear power, combined heat and power based on oil, coal and …
Persistent link: https://www.econbiz.de/10010330276
the Nordic countries; hydropower, conventional thermal, nuclear power, combined heat and power based on oil, coal and …
Persistent link: https://www.econbiz.de/10010785509
Market power is a dominant feature of many modern electricity markets with an oligopolistic structure, resulting in increased consumer cost. This work investigates how consumers, through demand response (DR), can mitigate against market power. Within DR, our analysis particularly focusses on the...
Persistent link: https://www.econbiz.de/10012098215
We analyse in a theoretical framework the link between real-time and day-ahead market performance in a hydro-based and imperfectly competitive wholesale electricity market. Theoretical predictions of the model are tested on data from the Nordic power exchange, Nord Pool Spot (NPS).We reject the...
Persistent link: https://www.econbiz.de/10010247376
We develop a game-theoretic electricity market model that allows analyzing strategic electricity storage in an imperfect market setting. We apply the model to Germany and examine different cases of strategic and non-strategic pumped hydro storage operation. We find that introducing storage...
Persistent link: https://www.econbiz.de/10012040651
Market power is a dominant feature of many modern electricity markets with an oligopolistic structure, resulting in increased consumer cost. This work investigates how consumers, through demand response (DR), can mitigate against market power. Within DR, our analysis particularly focusses on the...
Persistent link: https://www.econbiz.de/10012389608
In this paper we investigate the introduction of an export tax on steam coal levied by an individual country (Australia), or a group of major exporting countries. The policy motivation would be twofold: generating tax revenues against the background of improved terms-of-trade, while CO2...
Persistent link: https://www.econbiz.de/10010519916