Economies and Diseconomies: Estimating Electricity Cost Functions
This paper presents estimates of the variable cost function of electricity generation. The cost function is estimated using a two dimensional definition of capacity utilization. Because electricity cannot be conveniently stored, generation facilities follow the load across demand cycles. Capacity ut...
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| Veröffentlicht in: | Review of industrial organization 2001-09, Vol.19 (2), p.165-180 |
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| creator | MALONEY, MICHAEL T. |
| description | This paper presents estimates of the variable cost function of electricity generation. The cost function is estimated using a two dimensional definition of capacity utilization. Because electricity cannot be conveniently stored, generation facilities follow the load across demand cycles. Capacity utilization can be captured empirically in two ways. One is generation relative to capacity when a unit is connected to the system; the other is the percent of time the unit is disconnected. The estimated cost function shows that both dimensions affect average cost, which generally declines as capacity utilization increases. |
| doi_str_mv | 10.1023/A:1011140400951 |
| format | Article |
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| source | PAIS Index; Business Source Complete; JSTOR Archive Collection A-Z Listing; SpringerLink Journals - AutoHoldings |
| subjects | Average cost Average variable cost Capacity Capacity costs Capacity utilization Coal Competition Cost estimates Cost function Cost functions Demand analysis Economic theory Electric industries Electricity Electricity generation Energy economics Engineering Estimates Estimating techniques Estimation Expenditures Generators Industrial organization Load Operating costs Regulatory policy Studies Supervision Technological change Wage rate Wage rates Wages & salaries |
| title | Economies and Diseconomies: Estimating Electricity Cost Functions |
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