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The aim of this work is to analyse the behaviour of agents in highly concentrated and strongly regulated electricity … wholesale markets with rigid demand. In order to accomplish this aim, the analysis was based on the former Spanish electricity … generation market, between January 1999 and June 2007, before the MIBEL (Iberian Electricity Market) has started. The analysis is …
Persistent link: https://www.econbiz.de/10010663669
The aim of this work is to analyse the agents’ behaviour in highly concentrated and strongly regulated electricity … wholesale markets with rigid demand. In order to accomplish this aim, the analysis was based on the former Spanish electricity … generation market, between January 1999 and June 2007, before the MIBEL (Iberian Electricity Market) has started. The analysis is …
Persistent link: https://www.econbiz.de/10008800923
We analyze a drastic price increase in the German auction market for reserve power, which did not appear to be driven by increased costs. Studying the market structure and individual bidding strategies, we find evidence for collusive behavior in an environment with repeated auctions, pivotal...
Persistent link: https://www.econbiz.de/10009751726
time. In the context of electricity markets, I show how the auction structure and bidding data can be used to estimate …
Persistent link: https://www.econbiz.de/10010356362
of market power may lead to increased markups. We use a detailed dataset on electricity transactions to investigate the … impact of market-based deregulation in the context of the U.S. electricity sector. We find that the increase in markups …
Persistent link: https://www.econbiz.de/10012514582
We develop a game-theoretic electricity market model that allows analyzing strategic electricity storage in an … increases consumer rent and overall welfare. In contrast, electricity producers generally suffer from storage. We also find that …
Persistent link: https://www.econbiz.de/10012040651
Electricity markets are prone to the abuse of market power. Several US markets employ algorithms to monitor and …
Persistent link: https://www.econbiz.de/10013460907
Lack of transmission capacity hampers the efficient integration of the European electricity market, and thereby …
Persistent link: https://www.econbiz.de/10010486697
Electricity markets are prone to the abuse of market power. Several US markets employ algorithms to monitor and …
Persistent link: https://www.econbiz.de/10013462650
We examine welfare e ffects of real-time pricing in electricity markets. Before stochastic energy demand is known … electricity generators compete in a uniform price auction to satisfy demand from retailers acting on behalf of subscribed …
Persistent link: https://www.econbiz.de/10012142375