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dc.contributor.authorMauritzen, Johannes
dc.date.accessioned2013-03-08T09:27:42Z
dc.date.available2013-03-08T09:27:42Z
dc.date.issued2011-09
dc.identifier.urihttp://hdl.handle.net/11250/164179
dc.description.abstractIt 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.isoengno_NO
dc.publisherNorwegian School of Economics. Department of Finance and Management Scienceno_NO
dc.relation.ispartofseriesDiscussion paper;2011:16
dc.subjectwind powerno_NO
dc.subjecthydropowerno_NO
dc.subjectNordic electricity marketno_NO
dc.titleDead battery? Wind power, the spot market, and hydro power interaction in the Nordic electricity marketno_NO
dc.typeWorking paperno_NO
dc.subject.nsiVDP::Social science: 200::Economics: 210::Business: 213no_NO


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