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Transparency in electricity markets
Fehr, Nils-Henrik M. von der - 2013
performance ; information ; transparency ; regulation …
Persistent link: https://www.econbiz.de/10009745912
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Regulation of non-marketed outputs and substitutable inputs
Bertsch, Joachim; Hagspiel, Simeon - 2015
We study the regulation of a monopolistic firm that provides a non-marketed output based on multiple substitutable … costs. For this novel setting, we investigate the theoretically optimal Bayesian regulation mechanism. We find that the … non-Bayesian regulation can indeed get close to the second best of the Bayesian menu of contracts regulation. …
Persistent link: https://www.econbiz.de/10011442703
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Competition and cooperation in a PFF game theoretic model of electrical energy trade
Csercsik, Dávid - 2013
A cooperative game theoretic framework is introduced to study the behavior of cooperating and competing electrical energy providers considering price-preference rational consumers. We analyze the interactions of generators in an idealized environment described by a DC load flow model where the...
Persistent link: https://www.econbiz.de/10009719691
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Environmental Dumping, Transboundary Pollution and Asymmetric Information. Some Insights for the Environmental Regulation of the European Electricity
Bigano, Andrea - 2013
regulation and trade under imperfect competition. Ulph's model focused on the effectiveness of harmonisation policies against … issues rests in their importance for the environmental regulation of the European electricity sector, where imperfect …
Persistent link: https://www.econbiz.de/10014172904
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Information Asymmetries and Regulatory Decision Costs : An Analysis of U.S. Electric Utility Rate Changes 1980-2000
Fremeth, Adam; Holburn, Guy L. F. - 2010
We argue that information asymmetries between regulators and firms increase the administrative decision costs of initiating new policies due to the costs of satisfying evidentiary or “burden of proof” requirements. We further contend that regulators with better information about regulated...
Persistent link: https://www.econbiz.de/10014201122
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An Intersection of Privatization and Public Utility Regulation : The Ohio State University’s Energy Concession Agreement
Dormady, Noah; Jones, Douglas N.; Roe, Brian E.; Rub, Guy A. - 2021
principles and design practices borrowed directly from economic regulation of public utilities and against the backdrop of the …
Persistent link: https://www.econbiz.de/10013222136
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Ownership vs. Regulation in Electricity Reform : The Role of Governance
Meade, Richard - 2006
. Recognising that regulation is itself costly, and that market contracting, ownership and regulation are partly substitutable forms … contracting, ownership and regulation than does state ownership. Regulation of customer-owned distribution (and transmission) is … ownership has evolved as an effective substitute for regulation. Policy implications are drawn …
Persistent link: https://www.econbiz.de/10014062279
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Private and public information on the Nordic intra-day electricity market
Lawarczyk, Ewa - 2015
This paper is an empirical investigation of how traders react to public news in a market where there are lots of non-scheduled announcements, often arriving simultaneously. Using detailed trade information from the Nordic intra-day electricity market and GARCH models, this paper examines market...
Persistent link: https://www.econbiz.de/10010500767
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Using Virtual Bids to Manipulate the Value of Financial Transmission Rights
Ledgerwood, Shaun D. - 2012
In this paper, we present a straightforward economic model that explains the incentives to manipulate nodal energy prices in a “Day 2” RTO market. The model distinguishes between legitimate market participation that increases overall market efficiency and manipulative behavior that distorts...
Persistent link: https://www.econbiz.de/10013106996