The marginal cost of electricity: What is water worth?

Graeme Guthrie and Steen Videbeck

No 374400, Competition & Regulation Times from New Zealand Institute for the Study of Competition and Regulation

Abstract: Winter is upon us and the nation's attention once again turns to the state of the southern hydro-lakes, watching to see if a power crisis is imminent. Last year a drought caused wholesale prices to increase dramatically, leaving many asking how can truly competitive prices be so high when water is free? Graeme Guthrie and Steen Videbeck explain there's more to marginal cost of electricity than meets the eye.

Date: 2002-07-01
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Persistent link: https://EconPapers.repec.org/RePEc:vuw:vuwcrt:374400

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