Articles | Volume 19, issue 9
https://doi.org/10.5194/hess-19-3925-2015
https://doi.org/10.5194/hess-19-3925-2015
Research article
 | 
23 Sep 2015
Research article |  | 23 Sep 2015

Definition of efficient scarcity-based water pricing policies through stochastic programming

H. Macian-Sorribes, M. Pulido-Velazquez, and A. Tilmant

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Short summary
One of the most promising alternatives to improve the efficiency in water usage is the implementation of scarcity-based pricing policies based on the opportunity cost of water at the basin scale. Time series of the marginal value of water at selected locations (reservoirs) are obtained using a stochastic hydro-economic model and then post-processed to define step water pricing policies.