Electricity Prices, River Temperatures, and Cooling Water Scarcity

Electricity Prices, River Temperatures, and Cooling Water Scarcity

Thermal-based power stations rely on water for cooling purposes. These water sources may be subject to incidents of scarcity, environmental regulations, and competing economic concerns. This paper analyzes the effect of water scarcity and increased river temperatures on German electricity prices fro...

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Bibliographische Detailangaben
Veröffentlicht in:Land Economics. - University of Wisconsin Press, 1948. - 90(2014), 1, Seite 131-148
1. Verfasser: McDermott, Grant R. (VerfasserIn)
Weitere Verfasser: Nilsen, Øivind A.
Format: Online-Aufsatz
Sprache:English
Veröffentlicht: 2014
Zugriff auf das übergeordnete Werk:Land Economics
Schlagworte:Business Applied sciences Physical sciences Economics Biological sciences Environmental studies
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520 |a Thermal-based power stations rely on water for cooling purposes. These water sources may be subject to incidents of scarcity, environmental regulations, and competing economic concerns. This paper analyzes the effect of water scarcity and increased river temperatures on German electricity prices from 2002 to 2009. Having controlled for demand effects, the results indicate that the electricity price is significantly impacted by both a change in river temperatures and the relative abundance of river water. An implication is that future climate change will affect electricity prices not only through changes in demand, but also via increased water temperatures and scarcity. 
540 |a Copyright © 2014 Board of Regents of the University of Wisconsin System 
650 4 |a Business  |x Industry  |x Industrial sectors  |x Public sector industries  |x Public utilities  |x Electric utilities  |x Electricity prices 
650 4 |a Applied sciences  |x Engineering  |x Electrical engineering  |x Electric power engineering  |x Electric power 
650 4 |a Physical sciences  |x Earth sciences  |x Geography  |x Geomorphology  |x Bodies of water  |x Rivers  |x River water 
650 4 |a Physical sciences  |x Physics  |x Thermodynamics  |x Heat transfer  |x Cooling 
650 4 |a Physical sciences  |x Physics  |x Thermodynamics  |x Thermal analysis  |x Temperature  |x Water temperature 
650 4 |a Economics  |x Macroeconomics  |x Aggregate economy  |x Supply and demand  |x Supply  |x Scarcity 
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650 4 |a Business  |x Industry  |x Industrial sectors  |x Manufacturing industries  |x Energy industry  |x Electric power industry  |x Electric power facilities  |x Electric power plants  |x Nuclear power plants 
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650 4 |a Business  |x Industry  |x Industrial sectors  |x Manufacturing industries  |x Energy industry  |x Electric power industry  |x Electric power facilities  |x Electric power plants  |x Thermal power plants 
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