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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
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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
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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
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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
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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
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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
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Künftige Netzregulierung als Grundpfeiler einer effektiven Liberalisierung des deutschen Stromsektors
Leprich, Uwe; Diekmann, Jochen; Ziesing, Hans-Joachim - In: Vierteljahrshefte zur Wirtschaftsforschung 76 (2007) 1, pp. 87-98
Mit dem 2005 novellierten Energiewirtschaftsgesetz wurde in Deutschland eine staatliche Regulierung der Energienetze eingeführt, die einen diskriminierungsfreien Netzzugang und eine zunächst kostenorientierte Entgeltbindung vorsieht. Wie schon in vielen anderen Ländern soll künftig auch hier...
Persistent link: https://www.econbiz.de/10010377784
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Liberalisation of network industries: Is the electricity sector 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/10011506581
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The legal configuration of hydrocarbon infrastructure
Astoria, Ross - 2016
The United States' greenhouse gas mitigation strategy decentralizes mitigation responsibility to the states and states have primary regulatory jurisdiction over electrical power utilities. Using the biophysical approach, this paper introduces the notion of hydrocarbon infrastructure. Focusing on...
Persistent link: https://www.econbiz.de/10011532377
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Combining Energy Networks: The Impact of Europe's Natural Gas Network on Electricity Markets until 2050
Abrell, Jan; Gerbaulet, Clemens; Holz, Franziska; … - 2013
The interdependence of electricity and natural gas is becoming a major energy policy and regulatory issue in all jurisdictions around the world. The increased role of gas fired plants in renewable-based electricity markets and the dependence on gas imports make this issue particular striking for...
Persistent link: https://www.econbiz.de/10011390695