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Title: Competing in a fully deregulated market

Abstract

Vattenfall, Sweden`s largest utility, has provided competitively priced nuclear electricity to a price-conscious market for several decades. As Sweden is an exporting country, the cost of products must be kept as low as possible to meet tough European competition. Since Sweden relies almost exclusively on electricity for energy, electric prices must be low to keep Swedish products competitive. Because of the available hydropower in Sweden and Norway, nuclear power plants have been forced to operate with high availability and low cost. From the first years after nuclear plants began operation, there has been a continuous development of organization, management, and work practices to sustain low-cost production. Now, the European electricity market is undergoing deregulation and open competition. This is taking place in a situation where the increase in demand is relatively weak and where the availability of generation capacity is good. Sweden is at the forefront of the competition. According to the well-known law of supply and demand, this entails the risk of squeezed prices, but the situation also offers many opportunities for those making the right decisions. The availability of electricity at competitive prices has great significance for the competitiveness of the industry in general and for the electricity-intensivemore » industry in particular. If the customer then, in a deregulated market is free to choose the supplier, the focus definitely is on the customer.« less

Authors:
;  [1];  [2]
  1. Vattenfall (Sweden)
  2. Vattenfall, Baton Rouge, LA (United States)
Publication Date:
OSTI Identifier:
678181
Report Number(s):
CONF-990605-
Journal ID: TANSAO; ISSN 0003-018X; TRN: 99:009166
Resource Type:
Journal Article
Journal Name:
Transactions of the American Nuclear Society
Additional Journal Information:
Journal Volume: 80; Conference: 1999 annual meeting of the American Nuclear Society (ANS), Boston, MA (United States), 6-10 Jun 1999; Other Information: PBD: 1999
Country of Publication:
United States
Language:
English
Subject:
29 ENERGY PLANNING AND POLICY; COMPETITION; MARKET; ELECTRIC POWER; NUCLEAR POWER; ELECTRIC UTILITIES; SWEDEN

Citation Formats

Bengtsson, A., Schoen, G., and Johansson, B. Competing in a fully deregulated market. United States: N. p., 1999. Web.
Bengtsson, A., Schoen, G., & Johansson, B. Competing in a fully deregulated market. United States.
Bengtsson, A., Schoen, G., and Johansson, B. Wed . "Competing in a fully deregulated market". United States.
@article{osti_678181,
title = {Competing in a fully deregulated market},
author = {Bengtsson, A. and Schoen, G. and Johansson, B.},
abstractNote = {Vattenfall, Sweden`s largest utility, has provided competitively priced nuclear electricity to a price-conscious market for several decades. As Sweden is an exporting country, the cost of products must be kept as low as possible to meet tough European competition. Since Sweden relies almost exclusively on electricity for energy, electric prices must be low to keep Swedish products competitive. Because of the available hydropower in Sweden and Norway, nuclear power plants have been forced to operate with high availability and low cost. From the first years after nuclear plants began operation, there has been a continuous development of organization, management, and work practices to sustain low-cost production. Now, the European electricity market is undergoing deregulation and open competition. This is taking place in a situation where the increase in demand is relatively weak and where the availability of generation capacity is good. Sweden is at the forefront of the competition. According to the well-known law of supply and demand, this entails the risk of squeezed prices, but the situation also offers many opportunities for those making the right decisions. The availability of electricity at competitive prices has great significance for the competitiveness of the industry in general and for the electricity-intensive industry in particular. If the customer then, in a deregulated market is free to choose the supplier, the focus definitely is on the customer.},
doi = {},
journal = {Transactions of the American Nuclear Society},
number = ,
volume = 80,
place = {United States},
year = {1999},
month = {9}
}