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Theory and empirics suggest that by curbing competition, incumbent electricity companies which used to be and here are …
Persistent link: https://www.econbiz.de/10005086628
In the EU electricity industry, many Vertically Integrated Utilities (VIUs) have ownership both of electricity …
Persistent link: https://www.econbiz.de/10005086659
decreased. These results are of interest for regulators of the EU electricity industry. The extant EU regulatory framework … Vertically Integrated Utilities (VIUs) to have ownership of generating and transmission activities. When electricity generators … activities, is in the position of a privileged bidder. The VIU will secure a higher profit, while competing electricity …
Persistent link: https://www.econbiz.de/10005357514
risk management. We develop an equilibrium model that fits electricity markets well. We point out that vertical integration … retail mar kets. We illustrate our analysis with data from the French electricity market. …
Persistent link: https://www.econbiz.de/10009370236
This paper studies the electricity market design long run problem of ensuring enough generation capacity to meet future …
Persistent link: https://www.econbiz.de/10008552793
Residential consumers remain reluctant to choose new electricity suppliers. Even the most successful jurisdictions … confirm that choosing electricity suppliers is daunting. Electricity is not unique in this respect; numerous studies find that …
Persistent link: https://www.econbiz.de/10005138490
We study the effect of price cap regulation on investment in new capacity in an oligopolistic (Cournot) industry, using a continuous time model with stochastic demand. A price cap has two mutually competing effects on investment under demand uncertainty: it makes the option of deferring...
Persistent link: https://www.econbiz.de/10005647385
Regulatory reform in the Nordic electricity-supply markets has resulted in a single integrated Nordic electricity … Nordic electricity market. …
Persistent link: https://www.econbiz.de/10005651639
risk management. We develop an equilibrium model that fits electricity markets well. We point out that vertical integration … retail mar kets. We illustrate our analysis with data from the French electricity market. …
Persistent link: https://www.econbiz.de/10011073085
This paper shows that generators exercised increasing market power in the England and Wales wholesale electricity … static, non-cooperative oligopoly models, which are widely used to model electricity markets, by testing the static Nash …
Persistent link: https://www.econbiz.de/10005113735