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This paper provides a formal analysis on the investment coordination problem in a vertically separated electricity supply industry, although the analysis may apply also to other network industries. In an electricity system, the investment decisions of network and power plants need to be...
Persistent link: https://www.econbiz.de/10010533565
, and keeping the costs down in distribution networks. Network unbundling on the other hand is essential for competition in … integrated (network) firms discriminate against new entrants. With smart grids the unbundling questions become relevant for … coordination needs for system efficiency and unbundling eliminates firm-internal coordination. An independent system operator seems …
Persistent link: https://www.econbiz.de/10010615135