Water is valuable: the allocation of water and other resources in the New Zealand electricity market

Diana Tam and Lewis Evans

No 19310, Working Paper Series from Victoria University of Wellington, The New Zealand Institute for the Study of Competition and Regulation

Abstract: This monograph investigates the role of the electricity market in the allocation of water and other resources used as inputs into electricity generation. We base our observations on the outputs of an original electricity spot market model designed to mimic the New Zealand electricity market. The model explains the role of water storage and the associated value of water in decision-making by generation companies. It also explains how water is allocated between on and off-peak periods and across seasons.

Keywords: electricity; spotmarket; Water allocation; hedge market (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:vuw:vuwcsr:19310

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