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Illustrated on the case of Nordic electricity market we conduct an econometric analysis of area price spreads (difference between area price and system price) in thirteen price zones during 2010 (Jan) - 2012 (Jul). The objectives of the study are twofold: (1) assess the dynamics of area price...
Persistent link: https://www.econbiz.de/10013065474
In centralized markets, producers submit detailed cost data to the day-ahead market, and the market operator decides how much should be produced in each plant. This differs from decentralized markets that rely on self-commitment and where producers send less detailed cost information to the...
Persistent link: https://www.econbiz.de/10011952122
The world's first multinational electricity market was formed with the creation of the Nordic power exchange, Nord Pool. We analyze the incentives to undertake transmission network investment in the context of the liberalized Nordic electricity market. Welfare improving investment in a...
Persistent link: https://www.econbiz.de/10011926087
Persistent link: https://www.econbiz.de/10011694764
We analyse in a theoretical framework the link between real-time and day-ahead market performance in a hydro-based and imperfectly competitive wholesale electricity market. Theoretical predictions of the model are tested on data from the Nordic power exchange, Nord Pool Spot (NPS).We reject the...
Persistent link: https://www.econbiz.de/10010247376
We analyze the effects of electricity market mergers in an environment where firms endogenously choose their level of forward contracts prior to competing in the wholesale market. We apply our model to Alberta's wholesale electricity market. Firms have an incentive to reduce their forward...
Persistent link: https://www.econbiz.de/10012986998
To date, the distributive implications of incentive regulation on electricity transmission networks have not been …
Persistent link: https://www.econbiz.de/10014153552
The integration of electricity markets around the world has increased the importance of congestion between countries/states and has initiated a discussion of how to harmonize network tariffs. This paper analyzes how the transmission capacity and the transmission cost, such as a transmission...
Persistent link: https://www.econbiz.de/10012996142
The integration of electricity markets around the world has increased the importance of congestion between countries/states and has initiated a discussion of how to harmonize network tariffs. This paper analyzes how the transmission capacity and the transmission cost, such as a transmission...
Persistent link: https://www.econbiz.de/10013021852
We estimate the welfare implications of a cost-reflective 'Coasian' reform of electricity network tariffs using an Irish case study. We find that current Distribution Use of System (DUoS) tariffs deviate considerably from a cost-reflective structure. At the individual level, tariff reform leads...
Persistent link: https://www.econbiz.de/10013548736