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Mix of Thermal and Hydropower Plants

  • Finn R. Førsund
Chapter
Part of the International Series in Operations Research & Management Science book series (ISOR, volume 217)

Abstract

Norway is unique in having almost only hydropower plants generating all the electricity. But other countries that rely to a high degree on hydro must have other forms of generating plants in a mix that varies from country to country. Norway participates in the international wholesale electricity market Nord Pool together with Denmark, Finland, and Sweden, where in 2003 the hydro share was 46%, conventional thermal was 28%, nuclear power 24% (increasing when a new Finnish reactor is planned to come on stream in 2016, seven years behind the original schedule), and wind power 2%.

Keywords

Thermal Capacity Marginal Cost Shadow Price Optimal Price Hydropower Plant 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Springer Science+Business Media New York 2015

Authors and Affiliations

  • Finn R. Førsund
    • 1
  1. 1.Department of EconomicsUniversity of OsloBlindernNorway

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