The British electricity supply industry has, with the exception of Nuclear Electric, now been privatized. Bulk supplies … of electricity are traded between two dominant generators and many suppliers in an unregulated `pool'. The generators … submit a supply schedule of prices for each generating set and receive the market clearing price, which varies with demand …

Starting in 1998, the electricity market in England and Wales will be opened up to full competition, and all consumers … will be allowed to choose their electricity supplier. This promises to result in lower prices, but there will be additional … are likely to be large transfers from electricity companies (and the coal industry) to consumers, but the companies lose …

We develop a theoretical model of long-run investment decisions on capacity in the context of a liberalized electricity … market. The sector's idiosyncrasies such as the uncertainty surrounding future supply and demand, as well as technological …

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 …

The paper is concerned with the empirical modelling of domestic demand for energy in the United Kingdom at the level of …-stage budgeting model of the household's demand for energy conditional on its ownership of durables. Preferences at both stages of the …, electricity and a composite good, "other fuels". This composite good is subject to such large measurement errors in the data set …

discuss radiospectrum and football TV-rights auctions, electricity markets, and takeover battles), and the Anglo-Dutch auction …