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Beschreibung
The state organisation responsible for coordinating the hydropower el- tricity system in Norway (“Samkjøringen”) contacted me in 1990 about the advanced plan for deregulating the electricity system, separating gene- tion, transmission, and distribution and introducing a wholesale market for electricity. It was felt that insights about the fundamental nature of running an electricity system based… on hydropower was somewhat lacking within the team of academic economists engaged to write background reports by the Oil and Energy ministry responsible for driving the reform of the el- tricity system. When talking to engineers I was fascinated by the world of electricity, with its physical laws and weird concepts such as reactive power and el- tric phase angles. Externalities of hydraulic interdependence between river-based power stations and highly fluctuating loss and congestion - ternalities involved in a meshed transmission network had to be rec- nised. Furthermore, capturing all these elements required advanced mathematical methods of dynamic programming in a stochastic envir- ment. My conclusion was that a market design that neglected these aspects did it at its own peril. I predicted volatile prices coming out of a compe- tion between producers facing zero short-run variable costs and problems with investments coming forth sufficiently from a social perspective. However, I can safely say that my report had no impact whatsoever on the Norwegian electricity reform of 1991, that must be regarded, not the least by me, as being highly successful. 139,99 €
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Technische Daten
Erscheinungsdatum
23.11.2010
Sprache
Englisch
EAN
9781441944559
Herausgeber
Springer US
Serien- oder Bandtitel
International Series in Operations Research & Management Science
Sonderedition
Nein
Autor
Finn R. Forsund
Seitenanzahl
266
Einbandart
Broschiert
Schlagwörter
Hydropower, alternate energy sources, electricity, linear optimization, modeling, monopoly, nonlinear optimization, optimization, reservoir, water value, wind, water policy
Thema-Inhalt
RN - Umwelt
RBK - Hydrologie und die Hydrosphäre
KJT - Unternehmensforschung
KJMD - Management: Entscheidungstheorie
THV - Alternative und erneuerbare Energiequellen und -technik
KCVG - Umweltökonomie
RNF - Umweltmanagement
Höhe
235 mm
Breite
15.5 cm
Transparenz & Sicherheit
Hersteller: Springer-Verlag GmbH, Europaplatz 3, Heidelberg, Deutschland, 69115, ProductSafety@springernature.com, Springer Nature Customer Service Center GmbH
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