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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...
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networks - is essential for open and effective competition in wholesale and retail electricity markets. Competition in … electricity (downstream exploitation). To mitigate these competition risks, it is necessary to grant access to transmission … promote and protect competition in electricity and gas markets. This is done by imposing rules regarding the ‘unbundling’: the …
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