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The Impact of China’s Electricity Deregulation on Coal and Power Industries: Two-stage Game Modeling Approach

Liu, HuiHui; Zhang, ZhongXiang; Chen, ZhanMing; Dou, DeSheng - 2018

impact of the electricity price deregulation in the industry level. We first construct two-stage dynamic game models by … prices which influence the impact of electricity price deregulation. Next, we collect empirical data to estimate the … parameters in the game models, and simulate the influence of electricity deregulation on the two industries in terms of market …

Persistent link: https://www.econbiz.de/10011957009

Towards a green internal electricity market: The self-regulation of European Transmission System Operators for Electricity within EU multilevel governance

Brüning, Anna - 2014

Due to the 3rd Energy Package of 2009 the regulation of European electricity transmission did change considerably. Before, cross-border electricity issues have been regulated by voluntary contractual agreements between Transmission System Operators. Now, the new-founded Agency for the...

Persistent link: https://www.econbiz.de/10010330965

Risk premia in electricity wholesale spot markets: empirical evidence from Germany

Pietz, Matthäus - 2009

This paper contributes to the ongoing discussion on price formation in electricity markets. For this, we conduct an analysis of the German electricity wholesale spot market which is located at the European Energy Exchange (EEX). Our dataset covers three spot market segments, namely the intraday...

Persistent link: https://www.econbiz.de/10010305694

Risk premia in the German electricity futures market

Pietz, Matthäus - 2009

The mechanism behind price formation in electricity futures markets is still under discussion. Theory suggests that hedging pressure caused by deviating risk preferences is the most promising approach. This paper contributes to this discussion through an empirical investigation of electricity...

Persistent link: https://www.econbiz.de/10010305696

Is Privatization Enough? Finding Performance Breaks for UK Power Plants

Triebs, Thomas P.; Pollitt, Michael G. - Judge Business School <Cambridge> - 2010

The literature shows that for most UK industries privatization might be necessary but is not sufficient to produce economic benefits. Often prior changes in management or later changes in market structure and regulation have larger impacts than privatization itself. We ask what changes around...

Persistent link: https://www.econbiz.de/10009354096

Market power and information effects in a multi-unit auction

Hefti, Andreas; Shen, Peiyao; Betz, Regina Annette - 2019

We study the effects of different information structures (full information, supply uncertainty and demand uncertainty) on equilibrium prices, allocative efficiency and bidding behavior in a (supply-side) uniform-price multi-unit auction, using supply function competition and a novel experimental...

Persistent link: https://www.econbiz.de/10011993813

Spatial effects of willingness-to-pay: The case of two nuclear risks

Zweifel, Peter; Schneider, Yves; Wyss, Christian - 2007

This paper examines the spatial dimension of marginal willingness to pay (MWP) for reduction of nuclear risks through increased insurance coverage. The effect of distance from a nuclear power plant on individuals' MWP is ambiguous. MWP is expected to decrease with distance because the risk of...

Persistent link: https://www.econbiz.de/10010315569

Numerical Calculation of an Asymmetric Supply Function Equilibrium with Capacity Constraints

Holmberg, Pär - 2005

Producers submit committed supply functions to a procurement auction, e.g. an electricity auction, before the uncertain demand has been realized. In the Supply Function Equilibrium(SFE), every firm chooses the bid maximizing his expected profit given the bids of the competitors. In case of...

Persistent link: https://www.econbiz.de/10010321539

Some Inequalities related to the analysis of electricity auctions

Hästö, Peter; Holmberg, Pär - 2005

Most balaning markets of electric power are organized as uniform-price auctions. In 2001, the balancing market of England and Wales switched to a pay-as-bid auction with the intention of reducing wholesale electricity prices. Numerical simultations of an electricity auction model have indicated...

Persistent link: https://www.econbiz.de/10010321551

Asymmetric Supply Function Equilibrium with Constant Marginal Costs

Holmberg, Pär - 2005

In a real-time electric power auction, the bids of producers consist of committed supply as a function of price. The bids are submitted under uncertainty, before the demand by the Independent System Operator has been realized. In the Supply Function Equilibrium (SFE), every producer chooses the...

Persistent link: https://www.econbiz.de/10010321577