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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 …
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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...
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time. In the context of electricity markets, I show how the auction structure and bidding data can be used to estimate …
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interwoven in the electricity market as the producers of green electricity are also the suppliers of TGCs. In this paper, we … formulate an analytic equilibrium model for simultaneously functioning electricity and TGC markets, and focus on the role of … market power. We consider a Stackelberg leadership model with endogenous treatment of the interaction between the electricity …
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