To achieve a stable and reliable electricity supply, efficient provision of reserve capacity or, more generally … higher value of regulated hydro power. Thus, this chapter deals with the value of balance regulation power, or electricity … reserves, in the Nordic electricity market, and we will address the issue of the future value of electricity reserves, hydro …

Prior to the launch of the EU Emissions Trading System (EU ETS) in 2005, the electricity sector was widely proclaimed … carbon dioxide (CO2) emissions would likely be visible in the electricity sector. Our study looks at the effect of the price … of emission allowances (EUA) on CO2 emissions from Swedish electricity generation, using an econometric time series …

fluctuate excessively, leading to corresponding volatility of electricity prices. Applying a rational expectations simulation …

Many countries plan to increase the proportion of their electricity supply obtained from renewable sources relative to … for regulating the generation of green electricity. Furthermore, our analysis shows that the combination of TGCs with a …

electricity market as the producers of green electricity are also the suppliers of Green Certificates. In this paper, we formulate … an analytic equilibrium model for simultaneously functioning electricity and Green Certificate markets, and focus on the … the market for Green Certificates and the electricity market as separate markets; and a Nash-Cournot game with endogenous …

market can be used to affect the entire electricity market. There are basically two reasons for being concerned with market … generation. The other is that withdrawal of a small number of TGCs implies a multiple reduction of electricity consumption, with … only Sweden has a TGC market but there is a common Nordic electricity market with free trade of electricity. The analysis …

aim of this article is to investigate an electricity market with two di¤erent policy instruments, Tradable Green Certi … domestic market and a market with trade. We …nd that increasing the TGC quota obligation will decrease the electricity produced … using non-renewable sources as well as the long-run total production of electricity. For the electricity produced using …

of volatility risk in stock and index returns, where we characterize volatility risk by the extent to which forecasting …