We formulate a simple static equilibrium model for the electricity market taking account of both Green Certificates and CO2-emission permits. The objective is to investigate the relationship between these markets under the existence of upper and lower price-bounds on the Green certificates, both...

This paper briefly describes the design and functioning of the new electricity markets in Norway and Sweden and makes a preliminary evaluation of the performance of these markets. The Norwegian-Swedish "model" of deregulation is described in terms of the basic deviations from the approach...

The integration of the power markets in Norway and Sweden in 1996 significantly constrained the major power companies' ability to exercise market power within their national borders. In recent years, however margers and reciprocal acquisition of shares have reduced the number of independent...

The purpose of this paper is to quantitatively evaluate the impact on electricity prices of deregulation and free trade in the Nordic countries. The analysis is focused on the impact of increased competition on market power and the degree of monopolistic pricing. The major tool for our analysis...

We formulate a simple static equilibrium model for the electricity market taking account of both Green certificated and CO2-emission permits. The objective is to investigate the relationship between these markets under the existence of upper and lower price-bounds on the Green certificates, both...