Power Generation Investment in Electricity Markets [electronic resource] /
International Energy Agency.
Organisation for Economic Co-operation and DevelopmentContent Provider
International Energy AgencyContent Provider
Organisation for Economic Co operation and DevelopmentContent Provider
Paris : OECD Publishing,
2003.
This report looks at how investors have responded to the need to internalise investment risk in power generation and how these responses have affected the organisation of the power sector and technology choices. This study looks at several cases of volatile prices in IEA countries' electricity markets, and finds that while market prices can be a sufficient incentive for new investment in peak capacity, government intervention into the market to limit prices may undermine such investment.
Description based upon print version of record.
Preliminaries; CONTENTS; EXECUTIVE SUMMARY; INTRODUCTION; RISK AND POWER GENERATION INVESTMENT; HEDGING RISK IN POWER GENERATION INVESTMENT; PRICE VOLATILITY, INVESTMENT AND GOVERNMENT INTERVENTION; CONCLUSIONS AND RECOMMENDATIONS; BIBLIOGRAPHY
Includes bibliographical references (pages 95-99).
This report looks at how investors have responded to the need to internalise investment risk in power generation and how these responses have affected the organisation of the power sector and technology choices. This study looks at several cases of volatile prices in IEA countries' electricity markets, and finds that while market prices can be a sufficient incentive for new investment in peak capacity, government intervention into the market to limit prices may undermine such investment.
Electric utilities.
Electric power production.
Investments.
Marketing.
Risk.
Hedging (Finance)