Tam, DianaEvans, Lewis2015-05-182022-07-072015-05-182022-07-0720132013https://ir.wgtn.ac.nz/handle/123456789/19310This monograph investigates the role of the electricity market in the allocation of water and other resources used as inputs into electricity generation. We base our observations on the outputs of an original electricity spot market model designed to mimic the New Zealand electricity market. The model explains the role of water storage and the associated value of water in decision-making by generation companies. It also explains how water is allocated between on and off-peak periods and across seasons.pdfen-NZPermission to publish research outputs of the New Zealand Institute for the Study of Competition and Regulation has been granted to the Victoria University of Wellington Library. Refer to the permission letter in record: https://ir.wgtn.ac.nz/handle/123456789/18870electricityspotmarketWater allocationhedge marketText