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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 electricity an exception to the rule?
Coppens, François; Vivet, David - 2004
Persistent link: https://www.econbiz.de/10002221124
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The Unsustainable Costs of Partial Deregulation
MacAvoy, Paul W. - 2008
Three decade ago, federal policymakers - Republicans and Democrats - embarked on a general strategy of deregulation in … prices and increased quality, reliability, and scope of services. This book shows that we now have only partial deregulation …
Persistent link: https://www.econbiz.de/10014047844
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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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Strategic capacity choice under uncertainty : the impact of market structure on investment and welfare
Grimm, Veronika; Zoettl, Gregor - 2008
We analyze a market game where firms choose capacities under uncertainty about future market conditions and make output choices after uncertainty has unraveled. We show existence and uniqueness of equilibrium under imperfect competition and establish that capacity choices by strategic firms are...
Persistent link: https://www.econbiz.de/10003894164
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Investment incentives and electricity spot market design
Grimm, Veronika; Zoettl, Gregor - 2010
In liberalized electricity markets strategic firms compete in an environment characterized by fluctuating demand and non-storability of electricity. While spot market design under those conditions by now is well understood, a rigorous analysis of investment incentives is still missing. Existing...
Persistent link: https://www.econbiz.de/10003981050
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Do firms sell forward for strategic reasons? : an application to the wholesale market for natural gas
Eijkel, Remco van; Moraga-González, José Luis - 2010
Building on a model of the interaction of risk-averse frms that compete in forward and spot markets, we develop an empirical strategy to test whether oligopolistic frms use forward contracts for strategic motives, for risk-hedging, or for both. An increase in the number of players weakens the...
Persistent link: https://www.econbiz.de/10011380799
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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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How to sell renewable electricity : interactions of the intraday and day-ahead market under uncertainty
Knaut, Andreas; Obermüller, Frank - 2016
Uncertainty about renewable production increases the importance of sequential short-term trading. We consider a two-stage market where conventional and renewable producers compete in order to satisfy the demand of consumers. The trading in the first stage takes place under uncertainty about...
Persistent link: https://www.econbiz.de/10011457009