PAPER 08GM0965 Working Group on European Electricity Infrastructure The Economic Rent in Hydro and Geothermal Resources in Iceland with Reference to International Energy Markets and Resource Cost Structure Track: Utilization of Energy Resources
Abstract: In this paper the concept of Economic Rent (ER) is reviewed and applied to the virtually emission-free renewable energy resources of Iceland. In particular, a case study is presented with experimental test data from the Icelandic hydro and geothermal system. A calculation is presented base...
Main Author: | |
---|---|
Other Authors: | |
Format: | Text |
Language: | English |
Subjects: | |
Online Access: | http://citeseerx.ist.psu.edu/viewdoc/summary?doi=10.1.1.1038.7456 |
id |
ftciteseerx:oai:CiteSeerX.psu:10.1.1.1038.7456 |
---|---|
record_format |
openpolar |
spelling |
ftciteseerx:oai:CiteSeerX.psu:10.1.1.1038.7456 2023-05-15T16:46:40+02:00 PAPER 08GM0965 Working Group on European Electricity Infrastructure The Economic Rent in Hydro and Geothermal Resources in Iceland with Reference to International Energy Markets and Resource Cost Structure Track: Utilization of Energy Resources Egill Benedikt Hreinsson The Pennsylvania State University CiteSeerX Archives application/pdf http://citeseerx.ist.psu.edu/viewdoc/summary?doi=10.1.1.1038.7456 en eng http://citeseerx.ist.psu.edu/viewdoc/summary?doi=10.1.1.1038.7456 Metadata may be used without restrictions as long as the oai identifier remains attached to it. https://notendur.hi.is/%7Eegill/rit/paper_radF7BC7_as_converted_from_ieee.pdf text ftciteseerx 2020-03-08T01:19:31Z Abstract: In this paper the concept of Economic Rent (ER) is reviewed and applied to the virtually emission-free renewable energy resources of Iceland. In particular, a case study is presented with experimental test data from the Icelandic hydro and geothermal system. A calculation is presented based on prices in the domestic and an international market as well as cost assumptions. The importance of the ER concept is of particular interest in a case where the electric power system utilizes renewable energy resources to the greatest extent of almost any country in the world. For this reason the Iceland energy situation should be of special interest, where no fossil fuel resources are available and where fuel-based electricity generation is virtually non-existent. The results of the paper include a case study suggesting the economic significance of renewable natural energy resources in the form of ER. A pilot numerical example is presented to lead the way for further appraisal of the economic value of these resources with a more developed data set and cost assumptions. Text Iceland Unknown |
institution |
Open Polar |
collection |
Unknown |
op_collection_id |
ftciteseerx |
language |
English |
description |
Abstract: In this paper the concept of Economic Rent (ER) is reviewed and applied to the virtually emission-free renewable energy resources of Iceland. In particular, a case study is presented with experimental test data from the Icelandic hydro and geothermal system. A calculation is presented based on prices in the domestic and an international market as well as cost assumptions. The importance of the ER concept is of particular interest in a case where the electric power system utilizes renewable energy resources to the greatest extent of almost any country in the world. For this reason the Iceland energy situation should be of special interest, where no fossil fuel resources are available and where fuel-based electricity generation is virtually non-existent. The results of the paper include a case study suggesting the economic significance of renewable natural energy resources in the form of ER. A pilot numerical example is presented to lead the way for further appraisal of the economic value of these resources with a more developed data set and cost assumptions. |
author2 |
The Pennsylvania State University CiteSeerX Archives |
format |
Text |
author |
Egill Benedikt Hreinsson |
spellingShingle |
Egill Benedikt Hreinsson PAPER 08GM0965 Working Group on European Electricity Infrastructure The Economic Rent in Hydro and Geothermal Resources in Iceland with Reference to International Energy Markets and Resource Cost Structure Track: Utilization of Energy Resources |
author_facet |
Egill Benedikt Hreinsson |
author_sort |
Egill Benedikt Hreinsson |
title |
PAPER 08GM0965 Working Group on European Electricity Infrastructure The Economic Rent in Hydro and Geothermal Resources in Iceland with Reference to International Energy Markets and Resource Cost Structure Track: Utilization of Energy Resources |
title_short |
PAPER 08GM0965 Working Group on European Electricity Infrastructure The Economic Rent in Hydro and Geothermal Resources in Iceland with Reference to International Energy Markets and Resource Cost Structure Track: Utilization of Energy Resources |
title_full |
PAPER 08GM0965 Working Group on European Electricity Infrastructure The Economic Rent in Hydro and Geothermal Resources in Iceland with Reference to International Energy Markets and Resource Cost Structure Track: Utilization of Energy Resources |
title_fullStr |
PAPER 08GM0965 Working Group on European Electricity Infrastructure The Economic Rent in Hydro and Geothermal Resources in Iceland with Reference to International Energy Markets and Resource Cost Structure Track: Utilization of Energy Resources |
title_full_unstemmed |
PAPER 08GM0965 Working Group on European Electricity Infrastructure The Economic Rent in Hydro and Geothermal Resources in Iceland with Reference to International Energy Markets and Resource Cost Structure Track: Utilization of Energy Resources |
title_sort |
paper 08gm0965 working group on european electricity infrastructure the economic rent in hydro and geothermal resources in iceland with reference to international energy markets and resource cost structure track: utilization of energy resources |
url |
http://citeseerx.ist.psu.edu/viewdoc/summary?doi=10.1.1.1038.7456 |
genre |
Iceland |
genre_facet |
Iceland |
op_source |
https://notendur.hi.is/%7Eegill/rit/paper_radF7BC7_as_converted_from_ieee.pdf |
op_relation |
http://citeseerx.ist.psu.edu/viewdoc/summary?doi=10.1.1.1038.7456 |
op_rights |
Metadata may be used without restrictions as long as the oai identifier remains attached to it. |
_version_ |
1766036777221488640 |