• Backing out Expectations from Hydropower Release Time Series 

      Boger, Maren; Fleten, Stein-Erik; Pichler, Alois; Keppo, Jussi; Vestbøstad, Einar Midttun (Journal article, 2017)
      Our goal is to study how price expectations are formed in an electricity market. In the context of a single hydropower producer in the Nordic market, we expect the forward curve to have a strong influence. The alternative ...
    • Hydropower reservoir management using multi-factor price model and correlation between price and local inflow 

      Dimoski, Joakim; Nersten, Sveinung; Fleten, Stein-Erik; Löhndorf, Nils (Journal article, 2018)
      Hydropower producers with reservoir capacity have a special challenge when it comes to weighing the short-term profit from selling power in the day-ahead spot market against waiting for better electricity prices. In this ...
    • Local Flexibility Markets in Smart Cities: Interactions Between Positive Energy Blocks 

      Backe, Stian; Kara, Güray; Crespo del Granado, Pedro; Tomasgard, Asgeir (Journal article; Peer reviewed, 2019)
      Adoption of solar PV and other distributed generation sources are becoming widespread and affordable across Europe. Local on-site energy production raises the chance to manage surplus energy (especially for variable renewable ...
    • Policy Uncertainty and Real Options in Switching of Peak Generators 

      Fleten, Stein-Erik; Johansen, Marius; Pichler, Alois; Ullrich, Carl J. (Journal article, 2016)
      This paper examines empirically how economic factors, government policy, and strategic interactions affect manager’s decisions to switch between operating and stand-by states for peaking electric power generators. We model ...
    • Sequential Investment in Gas-Fired Power Plants 

      Ingebrigtsen, Kristoffer; Kaldahl, Jonas Aase; Fleten, Stein-Erik; Ullrich, Carl J. (Journal article; Peer reviewed, 2018)
      This paper presents an empirical analysis of the real options to postpone and cancel sequential investments with time-to-build. Using generator level data we consider investments in gas-fired combined cycle and combustion ...
    • Subsidies and costs in the California solar market: an empirical analysis 

      Teisberg, Cecilie; Håkegård, Rakel (Journal article; Peer reviewed, 2018)
      Environmental concerns have prompted governments around the world to subsidize renewable energy markets. One of the major risks associated with subsidizing is that it may inflate costs. Thus, understanding the drivers of ...
    • The Effect of Capacity Payments on Peaking Generator Availability in PJM 

      Fleten, Stein-Erik; Fram, Benjamin P.; Ledsaak, Magne; Mehl, Sigurd; Røssum, Ola; Ullrich, Carl J. (Journal article; Peer reviewed, 2019)
      This paper aims to study the effects of capacity payments on the operational decisions of plant managers for peaking units in the PJM Interconnection. We achieve this through a structural estimation of maintenance and ...