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Electric vehicles in imperfect electricity markets : a German case study

Schill, Wolf-Peter - 2010

We analyze the impacts of a hypothetical fleet of plug-in electric vehicles on the imperfectly competitive German electricity market with a game-theoretic model. Electric vehicles bring both additional demand and additional storage capacity to the market. We determine their effects on prices,...

Persistent link: https://www.econbiz.de/10009272595

Market power in the Nordic wholesale electricity market : a survey of the empirical evidence

Fridolfsson, Sven-Olof (contributor); … - 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/10003766688

Market power and forward prices

Ruddell, Keith; Downward, Tony; Philpott, Andy - 2017

We construct a model of strategic behavior in sequential markets which exhibits a persistent forward price premium. On the spot market, producers wield market power while purchasers are price takers. Producers with forward commitments have less incentive to raise prices on the spot market....

Persistent link: https://www.econbiz.de/10011754259

The effect of market power on electricity storage utilization : the case of pumped hydro storage in Germany

Schill, Wolf-Peter; Kemfert, Claudia - 2010 - Updated version March 2010

We develop a game-theoretic electricity market model that allows analyzing strategic electricity storage in an imperfect market setting. We apply the model to Germany and examine different cases of strategic and non-strategic pumped hydro storage operation. We find that introducing storage...

Persistent link: https://www.econbiz.de/10012040651

Congestion management games in electricity markets

Ehrhart, Karl-Martin; Eicke, Anselm; Hirth, Lion; … - 2022

This paper proposes a game-theoretic model to analyze the strategic behavior of inc-dec gaming in market-based congestion management (redispatch). We extend existing models by considering incomplete information about competitors’ costs and a finite set of providers. We find that these...

Persistent link: https://www.econbiz.de/10013463571

Flow-based market coupling : what drives welfare in Europe's electricity market design?

Voswinkel, Simon; Felten, Björn; Felling, Tim; Weber, … - 2019

Due to the call for further integration of European markets and the targeted climate goals, both European electricity systems and markets have undergone continuous changes over the last few decades. As part of these developments, the so-called Flow-Based Market Coupling (FBMC) superseded the...

Persistent link: https://www.econbiz.de/10012038962

Long-term supply contracts and collusion in the electricity market

Le Coq, Chloé (contributor) - 2004 - [Elektronische Ressource], First draft: May 2003, This draft: February 2004

It has been argued that having a contract market before the spot market enhances competition (Allaz and Vila, 1993). Taking into account the repeated nature of electricity markets, we check the robustness of the argument that the access to contract markets reduces the market power of generators....

Persistent link: https://www.econbiz.de/10001923038

Do pay-as-bid auctions favor collusion? : evidence from Germany’s market for reserve power

Heim, Sven; Goetz, Georg - 2013

We analyze a drastic price increase in the German auction market for reserve power, which did not appear to be driven by increased costs. Studying the market structure and individual bidding strategies, we find evidence for collusive behavior in an environment with repeated auctions, pivotal...

Persistent link: https://www.econbiz.de/10009751726

A note on consumer flexibility, data quality and collusion

Hasnas, Irina - 2014

In this note we analyze the sustainability of collusion in a game of repeated interaction where firms can price discriminate among consumers based on two types of customer data. This work is related to Liu and Serfes (2007) and Sapi and Suleymanova (2013). Following Sapi and Suleymanova we...

Persistent link: https://www.econbiz.de/10010343547

Cartel overcharges and the deterrent effect of EU competition law

Smuda, Florian - 2012

This paper examines cartel overcharges for the European market. Using a sample of 191 overcharge estimates and several … parametric and semi-parametric estimation procedures, the impact of different cartel characteristics and the market environment ….37 percent of the selling price and the average cartel duration is 8.35 years. Certain cartel characteristics and the geographic …

Persistent link: https://www.econbiz.de/10009572459