
Hydropower Economics
Finn R. Forsund(Author)
Springer (Publisher)
Published on 23. November 2010
Book
Paperback/Softback
XII, 266 pages
978-1-4419-4455-9 (ISBN)
Shipment within 15-20 days
Description
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.
Reviews / Votes
From the reviews:
"This book claims that if one is to correctly comprehend deregulation in electricity markets, then one must first develop an appreciation for the optimal use of hydro and thermal power. . this book would have profited from a thorough review of the extant literature. . it is important to note that the author deals well with his selected topics. . I recommend this book to all readers who wish to learn more about the economics of hydroelectric power." (Amitrajeet A. Batabyal, Interfaces, Vol. 39 (1), January-February, 2009)
More details
Series
Edition
1st ed. Softcover of orig. ed. 2007
Language
English
Place of publication
New York
United States
Target group
Professional and scholarly
Research
Illustrations
65 s/w Abbildungen
XII, 266 p. 65 illus.
Dimensions
Height: 235 mm
Width: 155 mm
Thickness: 16 mm
Weight
429 gr
ISBN-13
978-1-4419-4455-9 (9781441944559)
DOI
10.1007/978-0-387-73027-1
Schweitzer Classification
Other editions
New editions

Finn R. Førsund
Hydropower Economics
Book
01/2015
2nd Edition
Springer
€160.49
Shipment within 15-20 days
Additional editions

Finn R. Forsund
Hydropower Economics
Book
10/2007
Springer
€160.49
Article exhausted; check for reprint
Content
Water as a Natural Resource.- Hydropower with Constraints.- Multiple Producers.- Mix of Thermal and Hydropower Plants.- Trade.- Transmission.- Market Power.- Uncertainty.- Summary and Conclusions.