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Hydro resource management, risk aversion and equilibrium in an incomplete electricity market setting

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Listed:
  • Rodilla, Pablo
  • García-González, Javier
  • Baíllo, Álvaro
  • Cerisola, Santiago
  • Batlle, Carlos

Abstract

Since the outset of power system reform, one of the main objectives of regulation has been to assess whether the market, of its own accord, can induce agents to adopt decisions that maximise social welfare.

Suggested Citation

  • Rodilla, Pablo & García-González, Javier & Baíllo, Álvaro & Cerisola, Santiago & Batlle, Carlos, 2015. "Hydro resource management, risk aversion and equilibrium in an incomplete electricity market setting," Energy Economics, Elsevier, vol. 51(C), pages 365-382.
    • Handle: RePEc:eee:eneeco:v:51:y:2015:i:c:p:365-382
    DOI: 10.1016/j.eneco.2015.07.002
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    Citations

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    Cited by:

    1. Keppler, Jan Horst & Quemin, Simon & Saguan, Marcelo, 2022. "Why the sustainable provision of low-carbon electricity needs hybrid markets," Energy Policy, Elsevier, vol. 171(C).
    2. Nenad Jovanović & Javier García-González & Santiago Cerisola & Julián Barquín, 2018. "Impact of Risk Aversion on the Operation of Hydroelectric Reservoirs in the Presence of Renewable Energy Sources," Energies, MDPI, vol. 11(6), pages 1-20, May.
    3. Firehiwot Girma Dires & Mikael Amelin & Getachew Bekele, 2023. "Long-Term Hydropower Planning for Ethiopia: A Rolling Horizon Stochastic Programming Approach with Uncertain Inflow," Energies, MDPI, vol. 16(21), pages 1-15, November.
    4. Silva, Rodolfo Rodrigues Barrionuevo & Martins, André Christóvão Pio & Soler, Edilaine Martins & Baptista, Edméa Cássia & Balbo, Antonio Roberto & Nepomuceno, Leonardo, 2022. "Two-stage stochastic energy procurement model for a large consumer in hydrothermal systems," Energy Economics, Elsevier, vol. 107(C).
    5. Zhong Wang & Mingyu Wu & Shixiang Li & Changji Wang, 2021. "The Effect Evaluation of China’s Energy-Consuming Right Trading Policy: Empirical Analysis Based on PSM-DID," Sustainability, MDPI, vol. 13(21), pages 1-16, October.
    6. Lei, Kaixuan & Chang, Jianxia & Long, Ruihao & Wang, Yimin & Zhang, Hongxue, 2022. "Cascade hydropower station risk operation under the condition of inflow uncertainty," Energy, Elsevier, vol. 244(PA).
    7. Brito-Pereira, Paulo & Mastropietro, Paolo & Rodilla, Pablo & Barroso, Luiz Augusto & Batlle, Carlos, 2022. "Adjusting the aim of capacity mechanisms: Future-proof reliability metrics and firm supply calculations," Energy Policy, Elsevier, vol. 164(C).

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    More about this item

    Keywords

    Medium-term planning; Electricity markets; Regulatory intervention;
    All these keywords.

    JEL classification:

    • C57 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Econometrics of Games and Auctions
    • C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
    • D41 - Microeconomics - - Market Structure, Pricing, and Design - - - Perfect Competition
    • D52 - Microeconomics - - General Equilibrium and Disequilibrium - - - Incomplete Markets
    • D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
    • D86 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Economics of Contract Law

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