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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 … in consumer surplus. Current market screening procedures used to analyze electricity mergers consider firms' preexisting …
Persistent link: https://www.econbiz.de/10012986998
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 - that are subject to capacity constraints. In such markets … consistent with competitive behavior. Using this proxy to cap wholesale prices, as the U.S. Federal Energy Regulatory Commission …
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.3 billion people living in rural areas had access to grid-based electricity. Given the constraints of high capital costs and …
Persistent link: https://www.econbiz.de/10005780286
The harmonization and integration of separate national energy markets to an interconnected internal European market is … a top priority of the European Commission. However, as energy policy largely remains subject to national sovereignty, a … that the phase-out triggered price increases of up to 19 percent in neighbouring countries whilst the renewable energy …
Persistent link: https://www.econbiz.de/10011372115
the country generation was unbundled from transmission and distribution and competitive markets for energy generation were … established. A decade has now passed since many of these market reforms were implemented, and increasing energy prices have re …-focused attention on these reforms. In particular, commentators are blaming the reforms for the rising energy prices and, in several …
Persistent link: https://www.econbiz.de/10012056304
restructuring in the electricity generation industry. As numerous industries and economies have undergone this sort of transition to … tighter regulation. Using data from the electricity industry, this analysis considers the total effect of restructuring on one …
Persistent link: https://www.econbiz.de/10012056312
The harmonization and integration of separate national energy markets to an interconnected internal European market is … a top priority of the European Commission. However, as energy policy largely remains subject to national sovereignty, a … that the phase-out triggered price increases of up to 19 percent in neighbouring countries whilst the renewable energy …
Persistent link: https://www.econbiz.de/10011374098