Energy Markets 6

What does the US oil rig count tell us?

• The amount of oil produced per month

• The number of wells being drilled per month

• The number of active wells per month

• The price per barrel of oil per month

What does not have an effect on the rig count?

• Future oil price

• Oil price

• Production

• Current rig count

What is not a factor in the decision of a solar investment in a private household?

• Investment cost

• Interest rate

• Production quantity

• Grid stability

What cannot be inferred from the cross-price elasticity?

• Whether goods are complements or substitutes

• Percentage change in demand of good 2, given the change in price of good 1

• Direction of price change for good 2, given the change in price of good 1

• Exact price of good 2, given the price of good 1

Which type of renewable is not a thermal power plant?

• Solar thermal plants

• Biogas plants

• Geothermal plants

• Hydropower plants

Of the following, which plant type has the lowest LCOE?

• PV installation

• Lignite power plant

• CCGT

• Solar thermal power plant

Which renewable has a marginal cost higher than 0?

• Biogas plant

• Solar thermal plant

• Wind farm

• Run-of-river plant

What does fungibility not imply?

• Provides for liquidity

• Allows for organized markets

• Leads to the development of standard contracts

• Makes a good a commodity