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Persistent link: https://www.econbiz.de/10009719691
In a 'smart' electricity distribution network, flexible distribution resources (FDRs) can be coordinated to improve efficiency. But coordination enables whoever controls such resources to exercise market power. The paper establishes the following efficiency rankings of market structures:...
Persistent link: https://www.econbiz.de/10012264082
In an unregulated electricity generation market, the capacity of transmission lines will determine the degree to which generators in different locations compete with one another. We show, however, that there may be no relationship between the effect of a transmission line in spurring competition...
Persistent link: https://www.econbiz.de/10014156180
networks - is essential for open and effective competition in wholesale and retail electricity markets. Competition in … networks to all electricity generators on a non-discriminatory basis through open access tariffs authorised and overseen by … distribution networks. In this paper I analyse how the law in the US and the EU has addressed the problems stemming from the …
Persistent link: https://www.econbiz.de/10014114788
The supply function model of the English electricity spot market is extended to include a contract market and contestable entry, both of which have dramatic effects on the determination of equilibrium. I present an analytically tractable model that can be solved with contracts, variable numbers...
Persistent link: https://www.econbiz.de/10014219960
The supply function equilibrium provides a game-theoretic model of strategic bidding in oligopolistic wholesale electricity auctions. This paper presents an intuitive account of current understanding and shows how welfare losses depend on the number of firms in the market and their asymmetry....
Persistent link: https://www.econbiz.de/10013132898
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Ease of entry is crucial to well-functioning electricity markets. This paper investigates the patterns of entry in the generation segment of the electricity industry of OECD countries and seeks to provide an understanding of their key determinants. It aims to derive implications for the design...
Persistent link: https://www.econbiz.de/10011588355
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