Competition between oligopolist electricity generators is inhibited by transmission constraints. I present a supply function equilibrium (SFE) model of an electricity market with a single lossless, but constrained, transmission line. The market admits equilibria in which generator withhold...

Modelling and forecasting electricity consumption (EC) help industry managers make better strategic decisions. In this study, a hybrid approach for predicting EC is proposed which first EC is decomposed into approximate and detail parts based on wavelet transfer (WT). Next, the modeling of...

Market power in electricity wholesale markets arises when generators have incentives to mark up their offers above the cost of production.I model a transmission network with a single line. I derive optimality conditions for supply functions for generators who supply energy at both ends of the...

Analyzing price data from sequential German electricity markets, namely the day-ahead and intraday auction, a puzzling but apparently systematic pattern of price premiums can be identified. The price premiums are highly correlated with the underlying demand profile. As there is evidence that...

While the role of organizational learning in improving firms’ performance is well documented, there are still questions surrounding the dominant forces driving technological learning. This is particularly true in the electricity industry where the growth of renewable technologies has been...

We study how consumer search affects pricing in markets with incumbents and entrants using panel data on German electricity retail markets. Consumers observe the baseline price of the incumbent and decide whether or not to search. Incumbent providers can price discriminate between searching and...