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Liberalisation of network industries : is electricity an exception to the rule?

Coppens, François; Vivet, David - 2004

) monopoly thesis. Recently, however, a trend towards deregulation of such industries has been observed. This trend started with … the economies of scale have disappeared as a result of emerging new technologies. The successful deregulation in … substantial. Moreover, in addition to the deregulation process, the electricity sector is also subject to other changes such as …

Persistent link: https://www.econbiz.de/10003285766

Market Power in the Nordic Wholesale Electricity Market: A Survey of the Empirical Evidence

Fridolfsson, Sven-Olof; Tangerås, Thomas - 2008

We review the recent empirical research concerning market power on the Nordic wholesale market for electricity, Nord Pool. There is no evidence of blatant and systematic exploitation of system level market power on Nord Pool. However, generation companies seem from time to time able to take...

Persistent link: https://www.econbiz.de/10010320387

Nord Pool: A Power Market Without Market Power

Hjalmarsson, Erik - Nationalekonomiska institutionen, Handelshögskolan - 2000

Regulatory reform in the Nordic electricity-supply markets has resulted in a single integrated Nordic electricity market. This paper performs an econometric study of market power in the spot market of Nord Pool, the joint Nordic power exchange. I use a dynamic extension of the Bresnahan-Lau...

Persistent link: https://www.econbiz.de/10005651639

Consumer Preference Not to Choose: Methodological and Policy Implications

Brennan, Timothy - 2005

Residential consumers remain reluctant to choose new electricity suppliers. Even the most successful jurisdictions, four U.S. states and other countries, have had to adopt extensive consumer education procedures that serve largely to confirm that choosing electricity suppliers is daunting....

Persistent link: https://www.econbiz.de/10005138490

How to determine whether regional markets are integrated? : theory and evidence from European electricity markets

Gebhardt, Georg; Höffler, Felix - 2008

Prices may differ between regional markets if transport capacities are limited. We develop a new approach to determine to which extent such differences stem from limited participation in cross-border trader rather than from bottlenecks. We derive a theoretical integration benchmark for the...

Persistent link: https://www.econbiz.de/10010365847

Estimating Economies of Scale and Scope with Flexible Technology

Triebs, Thomas; Saal, David S.; Arocena, Pablo; … - 2012

Economies of scale and scope are typically modelled and estimated using cost functions that are common to all firms in an industry irrespective of whether they specialize in a single output or produce multiple outputs. We suggest an alternative flexible technology model that does not make this...

Persistent link: https://www.econbiz.de/10010312125

Restructuring European electricity markets: A panel data analysis

Hyland, Marie - 2015

This paper looks at the restructuring of European electricity markets that has been taking place since the 1990s. This liberalisation process, driven largely by EU legislation aiming to create a single market for electricity, has led to significant changes in how electricity markets in member...

Persistent link: https://www.econbiz.de/10011440372

Cross-border electricity interconnectors in the EU: The status quo

Brunekreeft, Gert; Meyer, Roland - 2018

An important goal of the European Commission is the promotion of the internal energy market (here specifically electricity), which requires sufficient and adequate cross-border interconnector capacity. However, cross-border interconnector capacity is scarce and, more importantly, the progress of...

Persistent link: https://www.econbiz.de/10011985448

Evaluation of strategy of power generation business under large-scale integration of renewable energy

Brunekreeft, Gert; Buchmann, Marius; Hattori, Toru; … - 2016

The German energy transition massively alters the market structure of electricity supply and forces incumbent electric utilities to rethink their business strategies. We analyze three main developments that undermine the former market dominance of the 'Big 4' incumbents in Germany. First,...

Persistent link: https://www.econbiz.de/10011661598

Incentives, Efficiency and Quality in Regulated Monopolies under Customer Ownership

Meade, Richard - 2015

We extend the theory of monopoly regulation under imperfect information to the case of customer, rather than investor, ownership. The firm's manager can exert two types of effort - a contractible effort to reduce costs, and a non-contractible effort to increase quality. The former decreases...

Persistent link: https://www.econbiz.de/10012624258