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Competition in Retail Electricity Markets : An Assessment of Ten Year Dutch Experience

Mulder, Machiel - 2016

This paper examines a decade of retail competition in the Dutch electricity market and discusses market structure …, regulation, and market performance. We find a proliferation of product variety, in particular by the introduction of quality …, but it can also indicate a strategic product differentiation to soften price competition. Although slightly downward …

Persistent link: https://www.econbiz.de/10012988960

Vertical Arrangements, Market Structure, and Competition : An Analysis of Restructured U.S. Electricity Markets

Bushnell, James; Mansur, Erin T.; Saravia, Celeste - 2005

This paper examines the relative importance of horizontal market structure, auction design, and vertical arrangements in explaining electricity prices. We define vertical arrangements as either vertical integration or long term contracts whereby retail prices are determined prior to wholesale...

Persistent link: https://www.econbiz.de/10014027930

Does Competition Reduce Costs? Assessing the Impact of Regulatory Restructuring on U.S. Electric Generation Efficiency

Markiewicz, Kira; Rose, Nancy L.; Wolfram, Catherine D. - 2005

Although the allocative efficiency benefits of competition are a tenet of microeconomic theory, the relation between … competition and technical efficiency is less well understood. Neoclassical models of profit-maximization subsume static cost …-minimizing behavior regardless of market competitiveness, but agency models of managerial behavior suggest possible scope for competition …

Persistent link: https://www.econbiz.de/10014028681

The Liberalized Dutch Green Electricity Market : Lessons from a Policy Experiment

van Damme, Eric; Zwart, Gijsbert - 2005

In order to meet the Kyoto targets, in the Netherlands in 2010, 9% of electricity consumption should be generated from renewable resources. In this paper, we discuss and comment on the green energy policy that the Dutch government has adopted in 2001 and 2002 in order to reach this goal, and the...

Persistent link: https://www.econbiz.de/10014071275

Power market design beyond 2020 : time to revisit key elements?

Neuhoff, Karsten; Rüster, Sophia; Schwenen, Sebastian - 2015

We revisit key elements of European power market design with respect to both short term operation and longer-term investment and re-investment choices. For short term markets, the European policy debate focuses on the definition of common interfaces, like for example gate closure time. We argue...

Persistent link: https://www.econbiz.de/10010488271

Capacity mechanisms and effects on market structure

Elberg, Christina; Kranz, Sebastian - 2014

Liberalized electricity markets are characterized by fluctuating priceinelastic demand of non-storable electricity, often defined by a substantial market share held by one or few incumbent firms. These characteristics have led to a controversial discussion concerning the need for and the design...

Persistent link: https://www.econbiz.de/10010253387

On the interaction between product markets and markets for production capacity : the case of the electricity industry

Richter, Jan - 2012

We study the interdependency between two markets, where the first involves offering production capacity, while on the second actual production is sold. The key issue is that the expected product market outcome determines the opportunity cost for bidding at the capacity market while the capacity...

Persistent link: https://www.econbiz.de/10009743582

Preventing Monopoly or Discouraging Competition? The Perils of Price-Cost Tests for Market Power in Electricity

Brennan, Tim - 2006

Allegations of market power in wholesale electricity sales are typically tested using price-cost margins. Such tests are inherently suspect in markets, such as electricity, subject to capacity constraints. In such markets, prices can vary with demand while quantity and thus cost measures remain...

Persistent link: https://www.econbiz.de/10014060636

Strategic Pricing, Market Entry and Competition : Evidence from German Electricity Submarkets

Nikogosian, Vigen - 2012

instrument to affect competition, in terms of market entries, in the related market. We theoretically derive the optimal price …

Persistent link: https://www.econbiz.de/10013111885

European Electricity Market Reforms: Any Signs of Efficiency Improvements?

Zarnic, Ziga - 2010

productivity e ects of changing industry structure, ownership structure and regulation with respect to barriers to entry and access … they are able to improve productivity in response to liberalization e orts stimulating competition. …

Persistent link: https://www.econbiz.de/10010313365

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