Security of Supply in Electricity Markets

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Security of Supply in Electricity Markets

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dc.contributor.author Schwenen, Sebastian
dc.date.accessioned 2011-12-12
dc.date.accessioned 2011-12-13T13:28:50Z
dc.date.available 2011-12-13T13:28:50Z
dc.date.issued 2011-12-13
dc.identifier.isbn 9788792842275
dc.identifier.isbn 9788792842268
dc.identifier.issn 0906-6934
dc.identifier.uri http://hdl.handle.net/10398/8376
dc.description.abstract The regulatory approach to supply security in electricity markets has been substantially altered since power markets were partly privatized and reregulated in the mid 1990’s, when regulators chose to rely on market based prices and decentralized commercially based decisions on generation capacities. Prior to this market restructuring power systems basically worked as planned economies, however, the decentralization of production decisions introduced stochastic elements to electricity systems. Additionally, since the early 2000’s, power generating companies, often incentivized by the state, started increasing the share of renewable but intermittent energy sources in their generation portfolios. Due to its intermittency the production process of wind, solar and hydro power is difficult to plan and therefore the final amount of power that enters the market at each point in time becomes difficult to predict. As the level of power supply intermittency increases, so also do the number of challenges that market based approaches face in organizing secure power systems.... en_US
dc.format.extent 133 en_US
dc.language eng en_US
dc.publisher Copenhagen Business School en_US
dc.relation.ispartofseries PhD Series;33.2011
dc.title Security of Supply in Electricity Markets en_US
dc.type phd en_US
dc.accessionstatus modt11dec13 lbjl en_US
dc.contributor.corporation Copenhagen Business School. CBS en_US
dc.contributor.department Økonomisk Institut en_US
dc.contributor.departmentshort ECON en_US
dc.contributor.departmentuk Department of Economics en_US
dc.contributor.departmentukshort ECON en_US
dc.idnumber 9788792842275 en_US
dc.publisher.city Frederiksberg en_US
dc.publisher.year 2011 en_US


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