Blar i Institutt for industriell økonomi og teknologiledelse på tidsskrift "Energy Economics"
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A 2050 perspective on the role for carbon capture and storage in the European power system and industry sector
(Peer reviewed; Journal article, 2021)Carbon Capture and Storage (CCS) might be a central technology to reach the decarbonisation goals of the European energy system. However, CCS deployment faces multiple economic, technological, and infrastructure challenges. ... -
A comparison of implied and realized volatility in the Nordic power forward market
(Journal article; Peer reviewed, 2015)In this paper we study implied and realized volatility for the Nordic power forward market. We create an implied volatility index with a fixed time to maturity. This index is compared to a realized volatility time series ... -
A spot-forward model for electricity prices with regime shifts
(Journal article, 2014)We propose a novel regime-switching approach for electricity prices in which simulated and forecasted prices are consistent with currently observed forward prices. Additionally, the model is able to reproduce spikes and ... -
An equilibrium market power model for power markets and tradable green certificates, including Kirchhoff's Laws and Nash-Cournot competition
(Journal article; Peer reviewed, 2018)We investigate the economic impacts of introducing tradable green certificates to promote electricity produced from renewable energy sources. We formulate a mixed complementarity, multi-region, partial equilibrium model, ... -
Gas-fired power plants: Investment timing, operating flexibility and CO2 capture
(Journal article; Peer reviewed, 2010)We analyze investments in gas-fired power plants based on stochastic electricity and natural gas prices. A simple but realistic two-factor model is used for price processes, enabling analysis of the value of operating ... -
Green capacity investment under subsidy withdrawal risk
(Peer reviewed; Journal article, 2021)Subsidies initially installed to stimulate green capacity investments tend to be withdrawn after some time. This paper analyzes the effect on investment of this phenomenon in a dynamic framework with demand uncertainty. ... -
Helping end-users help each other: Coordinating development and operation of distributed resources through local power markets and grid tariffs
(Peer reviewed; Journal article, 2020)There is an ongoing transition in the power system towards an increasing amount of flexible resources and generation technologies at the distribution system level. An appealing alternative to facilitate efficient utilization ... -
How to proceed with competing alternative energy technologies: A real options analysis
(Journal article; Peer reviewed, 2010)Concerns about CO2 emissions create incentives for the development and deployment of energy technologies that do not use fossil fuels. Indeed, such technologies would provide tangible benefits in terms of avoided fossil-fuel ... -
Risk and benefit sharing schemes in oil exploration and production
(Peer reviewed; Journal article, 2022)The volatile environment of oil exploration and production sets new challenges to market players prompting them to explore new business models. In this paper, we analyze a novel type of partnering in oil and gas operations, ... -
Selective hedging in hydro-based electricity companies
(Journal article; Peer reviewed, 2013)We analyze risk management trends in electricity commodity markets using the production and transaction data and written hedging policies of 12 Norwegian hydropower companies. The scope of our analysis is the hedging of ... -
The overnight risk premium in electricity forward contracts
(Journal article; Peer reviewed, 2015)We analyze the risk premium on electricity forward contracts traded for the Nordic and German/Austrian electricity markets. We argue that finding risk premiums by analyzing overnight returns is more relevant than the ... -
The real options to shutdown, startup, and abandon: U.S. electricity industry evidence
(Journal article, 2017)The purpose of this paper is to examine empirically the partially irreversible decisions to shutdown, startup, and abandon existing production assets under cash flow uncertainty and regulatory uncertainty. We use detailed ...