In electricity day-ahead markets organized as uniform price auction, a small reduction in supply in times of high …-Austrian electricity market to investigate the relationship between electricity spot prices and generation failures. Differentiating …

I analyze the ability of capacity payment mechanisms to alleviate underinvestment in electricity generation capacity. I …

. If they are not able todo this, the mechanism keeps the market price of electricity too low during times ofhigh demand to …

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, prices … wholesale electricity sector may be susceptible to market power. But a preferable (if not unproblematic) test for market power …

The design of wholesale electricity markets in the transition towards liberalization presents significant differences … mandatory pool with a regulated market for electricity derivatives, that allows to hedge price volatility and to mitigate market … which electricity consumers can choose whether to trade on the spot market or negotiate bilateral contracts. Results suggest …

Electricity markets are prone to the abuse of market power. Several US markets employ algorithms to monitor and …

electricity market as the producers of green electricity are also suppliers of Green Certificates. In this paper, we formulate an … analytic equilibrium model for simultaneously functioning electricity and Green Certificates markets, and focus on the role of … market for Green Certificates and the electricity market as separate markets; and a Nash-Cournot game with endogenous …

We study the impact of electricity divestments in a stylised model where a dominant producer faces a competitive fringe … (or low-cost) plants. We extend this theoretical result to the case with variable electricity demand by considering a …