This paper models an electricity market with generators and customers located on a network. Generators bid cost functions and are dispatched by a system operator that minimizes the system cost while considering network constraints. We prove the existence of equilibrium and show that transmission...

One of the main elements of the current reform of electricity trading in the UK is the change from a uniform price auction in the wholesale market to discriminatory pricing. We analyse this change under two polar market structures (perfectly competitive and monopolistic supply), with demand...

The objective of this study is to present the influence of Electricity Generation on Employment. The current research uses annual time series data ranging from 1972 to 2014. Unit root test is used to examine stationarity of variable. Long run results are revealed using Johansen Cointegration...

Many developing economies are often hit by electricity crises either because of supplyconstraints or lacking in broader energy market reforms. This study uses manufacturingfirm census data from Ethiopia to identify productivity losses attributable to powerdisruptions. Our estimates show that...