In the context of a first Working Paper the authors argued that electricity has a number of characteristics that set it apart from other commodities. It was demonstrated that some of these characteristics might complicate the deregulation process. This paper analyses the ongoing deregulation...

In the context of a first Working Paper the authors argued that electricity has a number of characteristics that set it apart from other commodities. It was demonstrated that some of these characteristics might complicate the deregulation process. This paper analyses the ongoing deregulation...

This paper presents an ex-post empirical analysis of the impact of European electricity mar- ket refirms on markups ofirms. The working hypothesis is that further economic integration would bring competition into electricity markets re ected by lower markups of electricityfirms. The results show...

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...

Reviewing the development of network access charges in the German electricity market since 2002 reveals significant variation. While some firms continually increased or decreased their access charges, a variety of firms exhibited discontinuous behavior with price changes in both directions. From...

In the past two decades privatisation and liberalisation of network industries providing services of general economic interest (SGEI), have been particularly significant in the European Union. Wide variations around a common policy trend can, however, be observed across countries and sectors. We...

Im Zuge der Diskussion über die Liberalisierung des deutschen Strommarktes wurde von kommunaler Seite die Befürchtung vorgebracht, daß die Einführung von Wettbewerb zu einem Rückgang der Gemeindeeinnahmen führe Dieser Beitrag untersucht diese Behauptung aus ökonomischer Sicht. Es zeigt...

Im Zuge der Diskussion über die Liberalisierung des deutschen Strommarktes wurde von kommunaler Seite die Befürchtung vorgebracht, daß die Einführung von Wettbewerb zu einem Rückgang der Gemeindeeinnahmen führe. Dieser Beitrag argumentiert aus ökonomischer Sicht, daß diese Befürchtung...

It is widely accepted that in liberalized electricity markets log-returns display fat-tailed densities. Besides qualitative assessments, so far precise characterizations of the shape of the distribution have been seldom provided. In this work, we characterize the conditional and unconditional...