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Liberalisation of network industries : is electricity an exception to the rule?
Coppens, François; Vivet, David - 2004
) monopoly thesis. Recently, however, a trend towards deregulation of such industries has been observed. This trend started with … the economies of scale have disappeared as a result of emerging new technologies. The successful deregulation in … substantial. Moreover, in addition to the deregulation process, the electricity sector is also subject to other changes such as …
Persistent link: https://www.econbiz.de/10003285766
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Liberalisation of network industries: Is the electricity sector an exception to the rule?
Coppens, François; Vivet, David - 2004
) monopoly thesis. Recently, however, a trend towards deregulation of such industries has been observed. This trend started with … the economies of scale have disappeared as a result of emerging new technologies. The successful deregulation in … substantial. Moreover, in addition to the deregulation process, the electricity sector is also subject to other changes such as …
Persistent link: https://www.econbiz.de/10011506581
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Supply Function Equilibria: Step Functions and Continuous Representations
Holmberg, Pär; Newbery, David; Ralph, Daniel - 2009
In most wholesale electricity markets generators must submit step-function offers of supply to a uniform price auction, and the market is cleared at the price of the most expensive offer needed to meet realised demand. Such markets can most elegantly be modelled as the pure-strategy, Nash...
Persistent link: https://www.econbiz.de/10010320261
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Providing efficient network access to green power generators : a long-term property rights perspective
Petropoulos, Georgios; Willems, Bert - 2016
Coordinating the timing and location of new production facilities is one of the challenges of liberalized power sectors. It is complicated by the presence of transmission bottlenecks, oligopolistic competition, and the unknown prospects of low-carbon technologies. The authors build a model...
Persistent link: https://www.econbiz.de/10011613836
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Hourly price elasticity pattern of electricity demand in the German day-ahead market
Knaut, Andreas; Paulus, Simon - 2016
System security in electricity markets relies crucially on the interaction between demand and supply over time. However, research on electricity markets has been mainly focusing on the supply side arguing that demand is rather inelastic. Assuming perfectly inelastic demand might lead to delusive...
Persistent link: https://www.econbiz.de/10011517142
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Calculating equilibria
Ruddell, Keith - 2018
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...
Persistent link: https://www.econbiz.de/10011824800
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Multiple plants and nodal price derivatives
Ruddell, Keith - 2018
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...
Persistent link: https://www.econbiz.de/10011824801
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Perfect competition vs. riskaverse agents : technology portfolio choice in electricity markets
Sunderkötter, Malte; Ziegler, Daniel; Weber, Christoph - 2013
Investments in power generation assets are risky due to high construction costs and long asset lifetimes. Technology diversification in generation portfolios represents one option to reduce long-term investment risks for risk-averse decision makers. In this article, we analyze the impact of...
Persistent link: https://www.econbiz.de/10010433600
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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
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A stochastic discrete choice dynamic programming model of power plant operations and retirement
Çam, Eren; Hinkel, Niklas; Schönfisch, Max - 2022
We present a methodology to estimate fixed cost parameters relevant to the decision to operate, mothballor retire an open-cycle gas turbine (OCGT) using a dynamic discrete choice model, based on fuel andelectricity prices, as well as technical data and the operational status of OCGTs in the PJM...
Persistent link: https://www.econbiz.de/10012820376