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Does vertical integration have an effect on load factors ? – A test on coal-fired plants in England & Wales

 

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Type:   Working paper
 
Titre:   Does vertical integration have an effect on load factors ? – A test on coal-fired plants in England & Wales
 
Auteur(s):   López, José A. - Servicio de Radiodiagnostico Preteimagen (Auteur)
Salies, Evens (1971-...) - Observatoire français des conjonctures économiques (Auteur)
 
Date de publication:   2006-02
 
Éditeur:   Paris  :  Observatoire français des conjonctures économiquestoto
 
Collection:   Documents de travail de l'OFCE  :  2006-3
 
Mots-clés:   [] panel data, vertical integration, electricity supply
 
JEL:   C51,  L22,  Q41
 
Résumé:   [en] Today in the British electricity industry, most electricity suppliers hedge a large proportion of their residential customer base requirements by owning their own plant. The non-storability of electricity and the corresponding need for an instantaneous matching of generation and consumption creates a business need for integration. From a sample of half-hour data on load factor for coal-fired power plants in England and Wales, this paper tests the hypothesis that vertical integration with retail businesses affects the extent to which producers utilize their capacity. We also pay attention to this potential effect during periods of peak demand.
 
 

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Version de l'éditeur wp2006-03.pdf 0,22 MB