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Transmission capacity constraints and transmission costs on electricity market auctions
Blazquez de Paz, Mario - 2015 - This version: May 28, 2015
Capacity constraints on transmissions of electricity are raising an increasing policy concern as electricity markets … this paper is to highlight the impact of transmission capacity constraints and transmission costs on electricity market … auctions. In the presence of transmission capacity constraints, the equilibrium is asymmetric even when the suppliers are …
Persistent link: https://www.econbiz.de/10010528306
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Auction performance on wholesale electricity markets in the presence of transmission constraints and transmission costs
Blazquez de Paz, Mario - 2015 - This version: December 15, 2015
constraints and transmission costs. When the transmission capacity is binding, the discriminatory price auction could outperform … capacity is binding, an increase in transmission costs could be pro-competitive when the auction is discriminatory, but not … auction formats on suppliers' strategies in the presence of transmission constraints and transmission costs is still very …
Persistent link: https://www.econbiz.de/10011404744
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Electricity markets : designing auctions where suppliers have uncertain costs
Holmberg, Pär; Wolak, Frank A. - 2015
We analyse how the market design influences the bidding behaviour in multi-unit auctions, such as wholesale electricity markets. It is shown that competition improves for increased market transparency and we identify circumstances where the auctioneer prefers uniform to discriminatory pricing....
Persistent link: https://www.econbiz.de/10011410462
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Strategic use of available capacity in the electricity spot market
Le Coq, Chloé (contributor) - 2002 - [Elektronische Ressource]
paper studies a model where firms precommit to capacity levels before competing in a uniform price auction. The analysis … equilibrium, the inefficient firm obtains a relatively large market share. -- spot market ; capacity game ; auction mechanism … sheds light on recent empirical findings that firms use their available capacity to obtain high market prices. There exist …
Persistent link: https://www.econbiz.de/10001663587
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Electricity Markets : Designing Auctions Where Suppliers Have Uncertain Costs
Holmberg, Par - 2016
We analyze how market design influences the bidding behavior in multi-unit procurement auctions where suppliers have uncertain costs and are uncertain about the availability of production units, as in wholesale electricity markets. We find that the competitiveness of market outcomes improves...
Persistent link: https://www.econbiz.de/10013002591
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Auction Performance in Wholesale Electricity Markets in the Presence of Transmission Constraints and Transmission Costs
Blazquez de Paz, Mario - 2015
constraints and transmission costs. When the transmission capacity is binding, the discriminatory price auction could outperform … capacity is binding, an increase in transmission costs could be pro-competitive when the auction is discriminatory, but not … auction formats on suppliers' strategies in the presence of transmission constraints and transmission costs is still very …
Persistent link: https://www.econbiz.de/10013010225
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Production or transmission investments? : a comparative study
Blazquez de Paz, Mario - 2017 - This version: March 10, 2017
production capacity. In a zonal pricing electricity market, the one proposed by the European Commission to integrate the European … electricity markets, I analyze the effects that investments in transmission and production capacity have on consumer welfare and … transmission capacity between zones (inter Transmission System Operator (TSO) investment) and an investment in production capacity …
Persistent link: https://www.econbiz.de/10011633664
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Redispatch in zonal pricing electricity markets
Blazquez de Paz, Mario - 2019 - This version: May, 2019
Zonal pricing electricity markets operate sequentially. First, the suppliers compete in a spot market. Second, to alleviate the congestion in the transmission line, in a redispatch market, the suppliers in the importing node are called into operation to increase their production, and the...
Persistent link: https://www.econbiz.de/10012007123
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Electricity Markets : Designing Auctions Where Suppliers Have Uncertain Costs
Holmberg, Par - 2016
We analyse how the market design influences the bidding behavior in multi-unit auctions, such as wholesale electricity markets. It is shown that competition improves for increased market transparency and we identify circumstances where the auctioneer prefers uniform to discriminatory pricing. We...
Persistent link: https://www.econbiz.de/10012996150
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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 … back to an abuse of the auction’s pay-as-bid mechanism by the two largest firms. In contrast to theoretical findings, we … show that pay-as-bid auctions do not necessarily reduce incentives for strategic capacity withholding and collusive …
Persistent link: https://www.econbiz.de/10009751726