"ISSN 2214-7934 (electronic)"--Title page verso.

Includes bibliographical references and indexes.

Machine generated contents note: ch. 1 Introduction -- Background -- The purpose of this book -- Electricity -- Demand for electricity -- Hydropower -- Environmental concerns -- ch. 2 Water as a Natural Resource -- The basic hydropower model -- Water as a non-renewable resource: Hotelling revisited -- Several user groups -- ch. 3 Hydropower with Constraints -- The variation of prices -- Constraints in hydropower modelling -- Optimal management with reservoir constraint -- Introducing terminal conditions -- The bathtub diagram for two periods -- The generation of price changes -- The terminal period -- Neither overflow nor scarcity -- Scarcity in a period other than the terminal -- Threat of overflow -- Output constraints -- Run-of-the-river electricity generation -- Summing up causes of price variability of a hydro system -- Determining quantities -- ch. 4 Multiple Producers -- Model with reservoir constraints -- Hveding's conjecture.

Note continued: Extensions of the model and Hveding's conjecture -- Plants not producing during a period -- Run-of-the-river electricity generation -- Output constraints -- Environmental restrictions -- Hydraulically coupled hydropower -- ch. 5 Mix of Thermal and Hydropower Plants -- Thermal plants -- Optimal solution of mixed hydro and thermal capacity -- Introducing a reservoir constraint -- Optimal mix of hydro and thermal plants -- A dynamic thermal problem -- ch. 6 Trade -- Unconstrained trade -- Reservoir constraint -- Constraints on trade -- Reservoir constraints -- Trade between countries Hydro and Thermal -- Trade with exogenous prices for a thermal economy -- Trading with endogenous prices -- Trade with constraints on reservoir and trade volumes -- ch. 7 Intermittent energy -- Intermittent energy -- Wind energy -- Solar energy -- The model framework -- Qualitative results -- Interior solutions -- Price changes -- A price collapse.

Note continued: Some qualitative implications -- The development of price -- Sensitivity analysis -- ch. 8 Pumped-storage hydroelectricity -- Background -- Thermal generation and pumped storage -- Generalising to many periods -- Intermittent power and pumped storage -- Hydropower and pumped storage with trade to exogenous prices -- Trade between countries Hydro and Intermittent with endog. prices -- ch. 9 Uncertainty -- The general problem -- A simplified two-period approach -- Generalisation to T periods -- Hydro and intermittent -- Hydro and thermal -- Concluding comments -- ch. 10 Transmission -- Engineering approach to transmission in economics -- Modelling transmission for simple cases -- Two nodes and two periods -- Three nodes and two periods -- A general transmission model -- Separation into zones -- Network impact on utilisation of hydropower -- ch. 11 Market power -- Monopoly -- Monopoly and trade -- Monopoly with reservoir constraints.

Note continued: Regulation of spillage with reservoir constraints -- Monopoly with trade and reservoir constraints -- Monopoly with hydro and thermal plants -- Dominant firm with a competitive fringe -- Oligopolistic markets -- Monopoly and uncertainly -- ch. 12 Summary and Conclusions -- Main drivers of price change -- Competitive electricity markets -- Market designs -- Investments.

Also published electronically.

1 2