Cyclic behavior in dynamic investment decisions for deregulated energy markets
In the first years after the deregulation of the electricity industry, investment into new generation capacity has not taken place on a large scale in any central european country. Recent increases in prices indicate that investment could be very profitable. However, the fear is that the need for new capacity can be overestimated and that could lead to a decrease in prices and profits and consequently to a reduction/stop of new investments. The aim of this paper is to model and analyze factors that influence the stability of electricity prices. The electricity market is modeled using a Cournot game and the stability of electricity prices is analyzed by simulations. Copyright Springer-Verlag 2008
Volume (Year): 16 (2008)
Issue (Month): 1 (March)
|Contact details of provider:|| Web page: http://www.springer.com|
Web page: http://www.fhi.sk/ssov
Web page: http://www.mot.org.hu/index_en.html
Web page: http://nb.vse.cz/csov/english.htm
Web page: http://www.oegor.at/
Web page: http://hdoi.hr/en_US/en/
|Order Information:||Web: http://www.springer.com/business/operations+research/journal/10100|
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- repec:spr:compst:v:60:y:2004:i:2:p:215-238 is not listed on IDEAS
- E. J. Anderson & H. Xu, 2004. "Nash equilibria in electricity markets with discrete prices," Mathematical Methods of Operations Research, Springer;Gesellschaft für Operations Research (GOR);Nederlands Genootschap voor Besliskunde (NGB), vol. 60(2), pages 215-238, October.
- Ford, Andrew, 2001. "Waiting for the boom: : a simulation study of power plant construction in California," Energy Policy, Elsevier, vol. 29(11), pages 847-869, September.
- MURPHY, Frederic & SMEERS, Yves, 2005. "Forward markets may not decrease market power when capacities are endogenous," CORE Discussion Papers 2005028, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
When requesting a correction, please mention this item's handle: RePEc:spr:cejnor:v:16:y:2008:i:1:p:67-78. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Sonal Shukla)or (Rebekah McClure)
If references are entirely missing, you can add them using this form.