dc.contributor.author | Mauritzen, Johannes | |
dc.date.accessioned | 2013-03-08T09:27:42Z | |
dc.date.available | 2013-03-08T09:27:42Z | |
dc.date.issued | 2011-09 | |
dc.identifier.uri | http://hdl.handle.net/11250/164179 | |
dc.description.abstract | It is well established within both the economics and power system engineering literature that hydro power can act as a complement to large amounts of intermittent
energy. In particular, hydro power can act as a "battery" where large amounts
of wind power are installed. This paper attempts to extend that literature by
describing the effects of cross-border wind and hydro power interaction in a day-
ahead "spot" market. I use simple econometric distributed lag models with data
from the Nordic electricity market and a sample of Norwegian hydro power plants
with water storage magazines. I suggest that wind power mainly affects prices in
the hydro power area by way of shifting the shadow value of water. The empirical
results support this view. | no_NO |
dc.language.iso | eng | no_NO |
dc.publisher | Norwegian School of Economics. Department of Finance and Management Science | no_NO |
dc.relation.ispartofseries | Discussion paper;2011:16 | |
dc.subject | wind power | no_NO |
dc.subject | hydropower | no_NO |
dc.subject | Nordic electricity market | no_NO |
dc.title | Dead battery? Wind power, the spot market, and hydro power interaction in the Nordic electricity market | no_NO |
dc.type | Working paper | no_NO |
dc.subject.nsi | VDP::Social science: 200::Economics: 210::Business: 213 | no_NO |