Electricity resource adequacy is the most urgent and controversial challenge facing the Electric Reliability Council of Texas (ERCOT) market. The policy discussions have neglected some very simple steps that could be taken to promote demand response and reduce peak demand. An allocation of some...

We measure the degree of market power execution and inefficiencies in Alberta's restructured electricity market. Using hourly wholesale market data from 2008 to 2014, we find that firms exercise substantial market power in the highest demand hours with limited excess production capacity. The...

Some restructured power systems rely on audited cost information instead of competitive bids for the dispatch and pricing of electricity in real time, particularly in hydro systems in Latin America. Audited costs are also substituted for bids in US markets when local market power is demonstrated...

Analysis of market power in electricity markets is relevant for understanding the competitive development of the industry's restructuring and liberalization process. Because the existing literature lacks adequate consideration of line transmission congestion, this paper sets forth a new approach...

We analyze the effects of electricity market mergers in an environment where firms endogenously choose their level of forward contracts prior to competing in the wholesale market. We apply our model to Alberta's wholesale electricity market. Firms have an incentive to reduce their forward...

The purpose of the present paper is to explore the existing literature on auctions in the energy markets, and to investigate whether the most recent developments in the auction literature can help us to identify issues related with market power, collusion, efficiency and consumer welfare, all of...

We examine the role of information transparency in Alberta's wholesale electricity market. Using data on firms' bidding behavior, we analyze whether firms utilize information revealed in near real-time through the Historical Trading Report (HTR), which is released 10 minutes after each hour and...

Accurate projections of electricity demand growth by end-use customer class (residential, commercial, industrial) are necessary for energy policy modelling, resource planning, and electricity pricing and procurement. Motivated by the expected trend of rising retail electricity prices in the US...