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On the Impact of Forward Contract Obligations in Multi-Unit Auctions
de Frutos, Maria-Angeles; Fabra, Natalia - C.E.P.R. Discussion Papers - 2008
Several regulatory authorities worldwide have recently imposed forward contract obligations on electricity producers as … bidding in electricity markets, or in any other auction-based market. For this purpose, we introduce forward contracts in a …
Persistent link: https://www.econbiz.de/10005136602
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Reliability and Competitive Electricity Markets
Joskow, Paul L; Tirole, Jean - C.E.P.R. Discussion Papers - 2007
This paper seeks to bridge the gap between economists focused on designing competitive market mechanisms and engineers focused on the physical attributes and engineering requirements they perceive as being needed for operating a reliable electric power system. The paper starts by deriving the...
Persistent link: https://www.econbiz.de/10005788956
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Capacity Choices in Liberalized Electricity Markets
Castro-Rodriguez, Fidel; Uribe, Marín; Luis, Pedro; … - C.E.P.R. Discussion Papers - 2001
We develop a theoretical model of long-run investment decisions on capacity in the context of a liberalized electricity …
Persistent link: https://www.econbiz.de/10005792333
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Investment Incentives and Auction Design in Electricity Markets
de Frutos, Maria-Angeles; Fabra, Natalia; Fehr, … - C.E.P.R. Discussion Papers - 2008
Motivated by the regulatory debate in electricity markets, we seek to understand how market design affects market …
Persistent link: https://www.econbiz.de/10005656328
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Economic Reform in Europe: Integrating and Liberalizing the Market for Services
Newbery, David M G - C.E.P.R. Discussion Papers - 2002
The EU faces challenges in reforming the Gas and Electricity Directives to implement the single market in electricity …
Persistent link: https://www.econbiz.de/10005661538