Markets Reorganisation, Security of Supply and Hydraulic Resources a Comparison between Brazil and Norway
Article from: OGEL 3 (2004), in Energy, Institutional Reforms and Development in Latin America
This article analyses the electricity security supply problem, in particular the investment in the reserve margin and the diversification of investments in generation. It discusses the impact on security of the opening of electricity markets to competition. It examines the problems currently emerging with competition, as well as those which existed previously with monopoly. It shows that security represents a public good, contrary to electricity which is a private good. This feature requires the adoption of regulatory or incentive measures assuring an adequate investment in the ...