English, Article, Journal or magazine article edition: Climate change- lower electricity prices and increasing demand. An application to the Nordic Countries Karina Gabrielsen; Torstein Bye and Finn Roar Aune

User activity

Share to:
 
Bookmark: http://trove.nla.gov.au/version/53600
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Climate change- lower electricity prices and increasing demand. An application to the Nordic Countries
Author
  • Karina Gabrielsen
  • Torstein Bye and Finn Roar Aune
Physical Description
  • preprint
Notes
  • Concentration of greenhouse gases in the atmosphere influences the climate, which then alters the amount of primary energy for countries or regions where hydropower and wind power constitute important parts of the energy supply. Besides, the demand effect of temperature increases may be large in economies where heating and air-conditioning demand a large share of total energy. In this article, we apply climate change calculations from natural science and detailed inflow data from the authorities to estimate the change in primary energy supply of the hydropower-dominated Nordic electricity market. The estimated inflow model shows an increase in primary inflow in the next 40 years of 6–15% in the Nordic countries. An estimated temperature model shows a 2–4% initial drop in demand in the same time period, because of increasing temperature. Within the context of a perfect-competition electricity market model, we simulate the total market outcome. As primary supply increases, the production cost decreases, prices drop and the total demand increases as the price effect dominates the temperature effect. Since the hydropower plants are located away from large consumer groups, the stress on the transmission networks is dramatic for some regions, which in the next phase may trigger new investments in transmission network capacities.
  • Climate change; electricity market
  • RePEc:ssb:dispap:430
Language
  • English
Contributed by
OAIster

Get this edition

Other links

  • Set up My libraries

    How do I set up "My libraries"?

    In order to set up a list of libraries that you have access to, you must first login or sign up. Then set up a personal list of libraries from your profile page by clicking on your user name at the top right of any screen.

  • All (1)
  • Unknown (1)
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.

User activity


e.g. test cricket, Perth (WA), "Parkes, Henry"

Separate different tags with a comma. To include a comma in your tag, surround the tag with double quotes.

Be the first to add a tag for this edition

Be the first to add this to a list

Comments and reviews

What are comments? Add a comment

No user comments or reviews for this version

Add a comment