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Deregulation of the Nordic power market and environmental policy

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  • Amundsen, Eirik S.
  • Nesse, Arvid
  • Tjotta, Sigve

Abstract

A common Nordic power market will reduce total CO2 emissions in the Nordic countries as compared to a situation of autarky and, thus, reduce the aggregate cost of complying to strict national CO2 emission targets. A common market for CO2 emissions permits may reduce the aggregate cost further, but this cost reduction will be smaller the harsher the CO2 emission constraints are.
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Suggested Citation

  • Amundsen, Eirik S. & Nesse, Arvid & Tjotta, Sigve, 1999. "Deregulation of the Nordic power market and environmental policy," Energy Economics, Elsevier, vol. 21(5), pages 417-434, October.
    • Handle: RePEc:eee:eneeco:v:21:y:1999:i:5:p:417-434
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    References listed on IDEAS

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    1. Amundsen, Eirik Schroder & Bjorndalen, Jorgen & Rasmussen, Heine, 1994. "Export of Norwegian hydropower under a common European regime of environmental taxes," Energy Economics, Elsevier, vol. 16(4), pages 271-280, October.
    2. Bergman, Lars & Andersson, Bo, 1995. "Market Structure and the Price of Electricity: An ex ante Analysis of the deregulated Swedish Electricity Market," SSE/EFI Working Paper Series in Economics and Finance 47, Stockholm School of Economics.
    3. Kjetil Bjorvatn & Sigve Tjotta, 1993. "Deregulation and Common Carriage in the Nordic Power System," The Energy Journal, International Association for Energy Economics, vol. 0(Number 4), pages 57-74.
    4. Eirik Amundsen & Sigve Tjotta, 1997. "Trade and price variation in an integrated European power market," Applied Economics, Taylor & Francis Journals, vol. 29(6), pages 745-757.
    5. Bo Andersson & Lars Bergman, 1995. "Market Structure and the Price of Electricity: An Ex Ante Analysis of the Deregulated Swedish Electricity Market," The Energy Journal, International Association for Energy Economics, vol. 0(Number 2), pages 97-110.
    6. Amundsen, Eirik S. & Lønning, Dag & Rasmussen, Heine, 1995. "An Analysis of International CO2 agreements," MPRA Paper 10753, University Library of Munich, Germany.
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    Cited by:

    1. Orvika Rosnes, 2014. "Subsidies for renewable energy in inflexible power markets," Journal of Regulatory Economics, Springer, vol. 46(3), pages 318-343, December.
    2. Nils-Henrik M. von der Fehr, Eirik S. Amundsen and Lars Bergman, 2005. "The Nordic Market: Signs of Stress?," The Energy Journal, International Association for Energy Economics, vol. 0(Special I), pages 71-98.
    3. Forsström, Juha & Honkatukia, Juha & Sulamaa, Pekka, 2003. "Global Change and Energy Markets - Analysis the Effects of Nordic Electricity Market Integration on Environmental Policy Using GTAP-E Model," Discussion Papers 882, The Research Institute of the Finnish Economy.
    4. Ochoa, Camila & Dyner, Isaac & Franco, Carlos J., 2013. "Simulating power integration in Latin America to assess challenges, opportunities, and threats," Energy Policy, Elsevier, vol. 61(C), pages 267-273.
    5. Kemppi, Heikki & Perrels, Adriaan, 2003. "Liberalised Electricity Markets - Strengths and Weaknesses in Finland and Nordpool," Research Reports 97, VATT Institute for Economic Research.

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    More about this item

    JEL classification:

    • C61 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Optimization Techniques; Programming Models; Dynamic Analysis
    • F11 - International Economics - - Trade - - - Neoclassical Models of Trade
    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • L94 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Electric Utilities
    • Q41 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Demand and Supply; Prices

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