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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| Veröffentlicht in: | Land economics 2014-02, Vol.90 (1), p.131-148 |
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| container_title | Land economics |
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| creator | McDermott, Grant R. Nilsen, Øivind A. |
| description | 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. |
| doi_str_mv | 10.3368/le.90.1.131 |
| format | Article |
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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. 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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.</description><subject>Climate change</subject><subject>Cooling</subject><subject>Economics</subject><subject>Electric power</subject><subject>Electric rates</subject><subject>Electricity</subject><subject>Electricity consumption</subject><subject>Electricity prices</subject><subject>Electricity pricing</subject><subject>Energy prices</subject><subject>Environment</subject><subject>Environmental regulations</subject><subject>Freshwater</subject><subject>Germans</subject><subject>Germany</subject><subject>Global warming</subject><subject>Land</subject><subject>Nuclear power plants</subject><subject>Pollution control</subject><subject>Prices</subject><subject>Regulation</subject><subject>Regulations</subject><subject>Resource scarcity</subject><subject>River regulation</subject><subject>River water</subject><subject>Rivers</subject><subject>Scarcity</subject><subject>Studies</subject><subject>Thermal power plants</subject><subject>Water</subject><subject>Water pollution</subject><subject>Water shortages</subject><subject>Water temperature</subject><subject>Western Europe</subject><issn>0023-7639</issn><issn>1543-8325</issn><fulltext>true</fulltext><rsrctype>article</rsrctype><creationdate>2014</creationdate><recordtype>article</recordtype><sourceid>7TQ</sourceid><recordid>eNqNkc9rHCEUxyU0kG2SU86BgV4KzWzUp089Nss2DQQS8oMcRdQtM8zubHWmsP99HTak0Evi5YF-vu-pH0LOGJ0DoL7s4tzQOZszYAdkxqSAWgOXn8iMUg61QjBH5HPOLS1LoZqRq2UX_ZAa3wy76r7UmC-qh-ZPTNVTXG9jcsOYpj23CdWi77tm86t6cUM5f_QuTbETcrhyXY6nr_WYPP9YPi1-1rd31zeL77e1R66GOuig0QQ0jHsQKGVQQTtEvgogA1Lk1BihI2WoJdJgBPdeeeG5hBCVg2Pydd93m_rfY8yDXTfZx65zm9iP2ZacEMwYDh9ABeeGo8T3UUkLrA3qj6ASQHAzXeDLf2jbj2lTvscyoZCz8tZp9rc95VOfc4oru03N2qWdZdROQm0XraGW2SK00OKtZ1ukrccc_7WVICQY-zhJn5wzwSbHssTO97E2D316m8AFF6BAwl-Mw6ip</recordid><startdate>20140201</startdate><enddate>20140201</enddate><creator>McDermott, Grant R.</creator><creator>Nilsen, Øivind A.</creator><general>University of Wisconsin Press</general><scope>AAYXX</scope><scope>CITATION</scope><scope>8BJ</scope><scope>FQK</scope><scope>JBE</scope><scope>7ST</scope><scope>7U6</scope><scope>7UA</scope><scope>C1K</scope><scope>F1W</scope><scope>H97</scope><scope>L.G</scope><scope>SOI</scope><scope>7SU</scope><scope>7TB</scope><scope>8FD</scope><scope>FR3</scope><scope>KR7</scope><scope>7TQ</scope><scope>DHY</scope><scope>DON</scope></search><sort><creationdate>20140201</creationdate><title>Electricity Prices, River Temperatures, and Cooling Water Scarcity</title><author>McDermott, Grant R. ; 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| ispartof | Land economics, 2014-02, Vol.90 (1), p.131-148 |
| issn | 0023-7639 1543-8325 |
| language | eng |
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| source | PAIS Index; EBSCOhost Business Source Complete; JSTOR Archive Collection A-Z Listing |
| subjects | Climate change Cooling Economics Electric power Electric rates Electricity Electricity consumption Electricity prices Electricity pricing Energy prices Environment Environmental regulations Freshwater Germans Germany Global warming Land Nuclear power plants Pollution control Prices Regulation Regulations Resource scarcity River regulation River water Rivers Scarcity Studies Thermal power plants Water Water pollution Water shortages Water temperature Western Europe |
| title | Electricity Prices, River Temperatures, and Cooling Water Scarcity |
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