| 来源类型 | FEEM working papers "Note di lavoro" series
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| 规范类型 | 论文
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| Properties of a non-competitive electricity market dominated by hydroelectric power |
| Michael Hoel; Finn R Førsund
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| 发表日期 | 2004
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| 出处 | Energy: Resources and Markets
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| 出版年 | 2004
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| 语种 | 英语
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| 摘要 | An important conclusion from the literature on hydropower is that if there are no other constraints than the available water reservoirs for a year, and operating costs are ignored, the competitive (and socially optimal) outcome is characterized by the (present value) price being constant through the year. A second important conclusion is that the outcome under monopoly generally will differ from this, provided that the demand functions differ across different days (or other sub-periods) of the year. We show that even if the demand function is the same all days of the year, the monopoly outcome will generally differ from the competitive outcome. The difference is caused by the profit function of a price-setting producer of hydropower being non-concave. This non-concavity can be caused by short-run capacity limits either on exports and imports of electricity, or on the supply of alternative electricity sources. |
| 特色分类 | L12,L13,L94,Q25
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| 关键词 | Electricity prices,Hydropower
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| URL | https://www.feem.it/en/publications/feem-working-papers-note-di-lavoro-series/properties-of-a-non-competitive-electricity-market-dominated-by-hydroelectric-power/
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| 来源智库 | Fondazione Eni Enrico Mattei (Italy)
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| 资源类型 | 智库出版物
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| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/117037
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推荐引用方式
GB/T 7714 |
Michael Hoel,Finn R Førsund. Properties of a non-competitive electricity market dominated by hydroelectric power. 2004.
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文件名：
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NDL2004-086.pdf
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格式：
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Adobe PDF
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