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About Thesis
This thesis examines market structure and equilibrium in a hydro-dominated electricity market like New Zealand's. It develops a tractable model that incorporates inter-temporal decision making for hydro generation, which has uncertainty regarding water availability and the ability to store water. The model is used to compute equilibrium outcomes and the endogenous hidden marginal cost of water under different market structures, like perfect competition and monopoly. It calibrates the model using data from New Zealand's electricity market to provide realistic results. The findings provide insights into how pricing in hydro-dominated markets differs from other electricity markets that rely solely on non-storable resources.
Detailed Information
| Author: | ['universedrill'] |
|---|---|
| Publication Year: | 2017 |
| Pages: | 148 |
| Language: | English |
| Format: | |
| Price: | FREE |
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