Long-term price and environmental effects in a liberalised electricity market

被引:25
|
作者
Lise, Wietze [1 ,2 ]
Kxuseman, Gideon [2 ,3 ]
机构
[1] Energy Res Ctr Netherlands, ECN Policy Studies, Energy Markets & Int Climate Policy Grp, NL-1031 CM Amsterdam, Netherlands
[2] Vrije Univ Amsterdam, Fac Earth & Life Sci, Inst Environm Studies, Amsterdam, Netherlands
[3] LEI, The Hague, Netherlands
关键词
electricity market liberalisation; dynamic recursive model; game theory; investment decisions; European market; environmental impacts;
D O I
10.1016/j.eneco.2006.06.005
中图分类号
F [经济];
学科分类号
02 ;
摘要
This paper studies the effects of endogenous investment decisions in a liberalised electricity market on prices and the environment in the time horizon 2000-2050. Therefore, a computational, game-theoretic, recursive dynamic model is developed. Simulations with the model indicate that perfect competition leads to lower prices and benefits the environment in the form of lower acid and smog emissions. Continued exercise of market power leads to postponed investments and more diversity in the technology portfolio, while under perfect competition there is an earlier switch to gas-based technologies. (c) 2006 Elsevier B.V. All rights reserved.
引用
收藏
页码:230 / 248
页数:19
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