Risk Management in the New Electricity Trade

Per Ingvar Olsen

Chapter 5 in Electricity Market Reform in Norway, 2000, pp 100-118 from Palgrave Macmillan

Abstract: Abstract The perhaps most vital test of the new market regime will be its ability to manage the excessive volatility inherent in a system with substantial capacity variations from year to year and from season to season. A related question is whether the market system will be able to deliver new investments based on individual economic rationales rather than co-ordinated political/sectoral planning. Will the competitive market system in the longer run achieve an internationally competitive price level and a level of price stability acceptable to sector actors as well as to industrial and private consumers, or will the market system be politically constrained and supplied by governance mechanisms of collective action?

Keywords: Risk Management; Electricity Market; Market System; Individual Firm; Market Reform (search for similar items in EconPapers)
Date: 2000
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-333-98274-7_5

Ordering information: This item can be ordered from
http://www.palgrave.com/9780333982747

DOI: 10.1057/9780333982747_5

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().