Global S&T Development Trend Analysis Platform of Resources and Environment
DOI | 10.1016/j.enpol.2018.04.004 |
Capacity constraints, transmission investments, and incentive schemes | |
Sereno, Luigi; Efthimiadis, Tilemahos | |
2018-08-01 | |
发表期刊 | ENERGY POLICY |
ISSN | 0301-4215 |
EISSN | 1873-6777 |
出版年 | 2018 |
卷号 | 119页码:8-27 |
文章类型 | Article |
语种 | 英语 |
国家 | Netherlands |
英文摘要 | We consider firms facing uncertain demand, and study their problem of investing in an electricity line between two neighbouring countries, under capacity constraints, and incentive schemes. We consider three ownership structures: a state-owned transmission company, a merchant transmission investor, and a regulated firm. The firm's problem is to choose the optimal time and size of the interconnector. The government is concerned with the incentive design. We investigate how price caps, capacity targets and merchant investments affect the critical investment thresholds and characterize the government's optimal incentive. We find that price caps speed-up projects' development, while capacity targets reduce under-investments in capacity markets. Finally, we study the effect of investment decisions on the social welfare value. |
英文关键词 | Capacity constraints Transmission investments Incentive schemes Real options |
领域 | 气候变化 |
收录类别 | SCI-E ; SSCI |
WOS记录号 | WOS:000439671200002 |
WOS关键词 | OPTION VALUATION ; POWER ; DEMAND ; UNCERTAINTY ; EXPANSION ; PRICES |
WOS类目 | Economics ; Energy & Fuels ; Environmental Sciences ; Environmental Studies |
WOS研究方向 | Business & Economics ; Energy & Fuels ; Environmental Sciences & Ecology |
引用统计 | |
文献类型 | 期刊论文 |
条目标识符 | http://119.78.100.173/C666/handle/2XK7JSWQ/16524 |
专题 | 气候变化 |
作者单位 | European Commiss, Joint Res Ctr, Dir Energy Transport & Climate C, Westerduinweg 3, NL-1755 ZG Petten, Netherlands |
推荐引用方式 GB/T 7714 | Sereno, Luigi,Efthimiadis, Tilemahos. Capacity constraints, transmission investments, and incentive schemes[J]. ENERGY POLICY,2018,119:8-27. |
APA | Sereno, Luigi,&Efthimiadis, Tilemahos.(2018).Capacity constraints, transmission investments, and incentive schemes.ENERGY POLICY,119,8-27. |
MLA | Sereno, Luigi,et al."Capacity constraints, transmission investments, and incentive schemes".ENERGY POLICY 119(2018):8-27. |
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