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We ask under what conditions transmission contracts increase or mitigate market power. We show that the allocation process of transmission rights is crucial. In an efficiently arbitraged uniform price auction generators will only obtain contracts that mitigate their market power. However, if...
Persistent link: https://www.econbiz.de/10011131487
We ask under what conditions transmission contracts increase or mitigate market power. We show that the allocation process of transmission rights is crucial. In an efficiently arbitraged uniform price auction generators will only obtain contracts that mitigate their market power. However, if...
Persistent link: https://www.econbiz.de/10011131686
The purpose of this paper is to quantitatively evaluate the impact on electricity prices of deregulation and free trade … monopolistic pricing. The major tool for our analysis of electricity trade and prices is a numerical multicountry electricity … perfect competition equilibria with and without free trade in electricity can be simulated. According to the simulation …
Persistent link: https://www.econbiz.de/10005649248
Persistent link: https://www.econbiz.de/10005765806
proportion of their electricity supply obtained from renewable sources. The main objective of this paper is to investigate the … affects generation of electricity from renewable resources, and from carbon emitting resources, in the same way as it is … that TGCs may be an imprecise instrument for regulating the generation of green electricity and that the combination of …
Persistent link: https://www.econbiz.de/10005787160
electricity market as the producers of green electricity are also suppliers of Green Certificates. In this paper, we formulate an … analytic equilibrium model for simultaneously functioning electricity and Green Certificates markets, and focus on the role of … market for Green Certificates and the electricity market as separate markets; and a Nash-Cournot game with endogenous …
Persistent link: https://www.econbiz.de/10005790417
in electricity spot markets, unless it is adapted to take account of contracting. In its place the Residual Supply Index … has been proposed as a more suitable index to measure potential market power in electricity markets, notably in California … prices in an electricity market with contracts and capacity constraints and find that it is most useful for the case of a …
Persistent link: https://www.econbiz.de/10005030840
Following new legislation the Swedish electricity market is about to be deregulated. The new system is designed to … ensure competition in production and supply. The Swedish electricity market is characterised by a high degree of … firms on the supply side of the Swedish electricity market, deregulation is not a sufficient condition for equilibrium …
Persistent link: https://www.econbiz.de/10005190888
Many countries plan to increase the proportion of their electricity supply obtained from renewable sources relative to … for regulating the generation of green electricity. Furthermore, our analysis shows that the combination of TGCs with a …
Persistent link: https://www.econbiz.de/10008918551
electricity market as the producers of green electricity are also the suppliers of Green Certificates. In this paper, we formulate … an analytic equilibrium model for simultaneously functioning electricity and Green Certificate markets, and focus on the … the market for Green Certificates and the electricity market as separate markets; and a Nash-Cournot game with endogenous …
Persistent link: https://www.econbiz.de/10008918558