Modern Energy Markets Real-Time Pricing, Renewable Resources and Eff
Energy has moved to the forefront in terms of societal and economic development. Modern Energy Markets is a comprehensive, economically oriented, exploration of modern electricity networks from production and distribution to deregulation and liberalizatio
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Maria Kopsakangas-Savolainen Rauli Svento
Modern Energy Markets Real-Time Pricing, Renewable Resources and Efficient Distribution
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Maria Kopsakangas-Savolainen Finnish Environment Institute and Thule Institute University of Oulu Asematie 10 90850 Martinniemi Finland
ISSN 1865-3529 ISBN 978-1-4471-2971-4 DOI 10.1007/978-1-4471-2972-1
Rauli Svento Department of Economics Martti Ahtisaari Institute of Global Business and Economics University of Oulu Annantie 9 C 8 90560 Oulu Finland
e-ISSN 1865-3537 e-ISBN 978-1-4471-2972-1
Springer London Heidelberg New York Dordrecht British Library Cataloguing in Publication Data A catalogue record for this book is available from the British Library Library of Congress Control Number: 2012933842 Ó Springer-Verlag London 2012 re.: LIMDEP is a product of Econometric Software ÓAll Rights Reserved This work is subject to copyright. All rights are reserved by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. Exempted from this legal reservation are brief excerpts in connection with reviews or scholarly analysis or material supplied specifically for the purpose of being entered and executed on a computer system, for exclusive use by the purchaser of the work. Duplication of this publication or parts thereof is permitted only under the provisions of the Copyright Law of the Publisher’s location, in its current version, and permission for use must always be obtained from Springer. Permissions for use may be obtained through RightsLink at the Copyright Clearance Center. Violations are liable to prosecution under the respective Copyright Law. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. While the advice and information in this book are believed to be true and accurate at the date of publication, neither the authors nor the editors nor the publisher can accept any legal responsibility for any errors or omissions that may be made. The publisher makes no warranty, express or implied, with respect to the material contained herein. Printed on acid-free paper Springer is part of Springer Science+Business Media (www.springer.com)
To Harri, Volmari, Vilhelmiina, Magdaleena and Pietari Maria Kopsakangas-Savolainen To Maria-Liisa and Elisa Rauli Svento
Preface
Energy has moved to the forefront in societal and economic development. Wise economic decisions are needed for the questions of the use of non-renewable and renewable energy sources, pollution a
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