Reciprocal energy-switching options

Roger Adkins and Dean Paxson

Journal of Energy Markets

Abstract: ABSTRACT Many energy source switching opportunities - such as using palm or rape oil in biodiesel production, or using bio, coal, gas, hydro, nuclear or wind in electricity generation - are reciprocal energy-switching options.We provide a quasianalytical solution for a general switching model for two alternative energy inputs with fixed switching costs. We also consider easier analytical solutions for a single switching opportunity that are appropriate for national decisions regarding energy capacity (nuclear or natural gas) and for perpetual energy alternatives with variable switching costs. We provide illustrations and a sensitivity analysis for these models, along with comments on the computational ease of proposed solutions and suggestions for model extensions.

References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.risk.net/journal-energy-markets/216075 ... gy-switching-options (text/html)

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:rsk:journ2:2160759

Access Statistics for this article

More articles in Journal of Energy Markets from Journal of Energy Markets
Bibliographic data for series maintained by Thomas Paine ().