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Optimal Transmission Regulation in an Integrated Energy Market
Tangerås, Thomas P. - Institutet för Näringslivsforskning (IFN) - 2010
The capacity of the transmission network determines the extent of integration of a multinational energy market. Cross-border externalities render coordination of network maintenance and investments across countries valuable. Is it then optimal to collect powers in the hands of a single...
Persistent link: https://www.econbiz.de/10008494014
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Congestion Management in Electricity Networks: Nodal, Zonal and Discriminatory Pricing
Holmberg, Pär; Lazarczyk, Ewa - Institutet för Näringslivsforskning (IFN) - 2012
Wholesale electricity markets use different market designs to handle congestion in the transmission network. We compare …
Persistent link: https://www.econbiz.de/10011271350
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Supply Function Equilibria: Step Functions and Continuous Representations
Holmberg, Pär; Newbery, David; Ralph, Daniel - Institutet för Näringslivsforskning (IFN) - 2009
In most wholesale electricity markets generators must submit step-function offers of supply to a uniform price auction … as the number of steps increases, reconciling the apparently very disparate approaches to modelling electricity markets. …
Persistent link: https://www.econbiz.de/10005025457
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Supply Function Equilibria of Pay-as-Bid Auctions
Holmberg, Pär - Institutet för Näringslivsforskning (IFN) - 2009
bidding behaviour in pay-as-bid electricity auctions, such as the balancing mechanism of United Kingdom. Offer curves and mark …
Persistent link: https://www.econbiz.de/10005025460
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What Happens When it's Windy in Denmark? An Empirical Analysis of Wind Power on Price Variability in the Nordic Electricity Market
Mauritzen, Johannes - Institutet för Näringslivsforskning (IFN) - 2011
High levels of wind power penetration will tend to affect prices in a deregulated electricity market. Much of the … analysis in the literature has focused on the effect that wind power has on average electricity prices, this paper attempts to … test the effect that wind power production has on the variability of wholesale electricity prices in the spot market. I use …
Persistent link: https://www.econbiz.de/10009386416
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Relaxing Competition through Speculation: Committing to a Negative Supply Slope
Holmberg, Pär; Willems, Bert - Institutet för Näringslivsforskning (IFN) - 2012
We demonstrate how suppliers can take strategic speculative positions in derivatives markets to soften competition in the spot market. In our game, suppliers first choose a portfolio of call options and then compete with supply functions. In equilibrium firms sell forward contracts and buy call...
Persistent link: https://www.econbiz.de/10010611576
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The Supply Function Equilibrium and Its Policy Implications for Wholesale Electricity Auctions
Holmberg, Pär; Newbery, David - Institutet för Näringslivsforskning (IFN) - 2009
electricity auctions. This paper presents an intuitive account of current understanding and shows how welfare losses depend on the … restrictions on the offer curves in wholesale electricity auctions. …
Persistent link: https://www.econbiz.de/10008491693
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Tacit Collusion and Capacity Withholding in Repeated Uniform Price Auctions
Dechenaux, Emmanuel; Kovenock, Dan - Institutet för Näringslivsforskning (IFN) - 2005
This paper contributes to the study of tacit collusion by analyzing infinitely repeated multiunit uniform price auctions in a symmetric oligopoly with capacity constrained firms. Under both the Market Clearing and Maximum Accepted Price rules of determining the uniform price, we show that when...
Persistent link: https://www.econbiz.de/10005645307
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Market Power in the Nordic Wholesale Electricity Market: A Survey of the Empirical Evidence
Fridolfsson, Sven-Olof; Tangerås, Thomas - Institutet för Näringslivsforskning (IFN) - 2008
We review the recent empirical research concerning market power on the Nordic wholesale market for electricity, Nord …
Persistent link: https://www.econbiz.de/10005645390
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Game-theoretical, Strategic forward Contracting in the Electricity Market
Holmberg, Pär - Institutet för Näringslivsforskning (IFN) - 2008
electricity markets. Still it can be profitable for a producer to make such a commitment if it results in a soft response from …
Persistent link: https://www.econbiz.de/10005645406