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Capacity Choices in Liberalised Electricity Markets

Castro Rodríguez, Fidel - 2016

This paper addresses the issue of investment in electricity generation in the context of a liberalised market. We use the main results derived from a theoretical model where firms invest strategically to simulate the Spanish electricity system with real-world data. Our results indicate that,...

Persistent link: https://www.econbiz.de/10012994730

Does Regulatory Independence Translate into a Higher Degree of Liberalization? - Evidence from EU Energy Regulators

Lindemann, Henrik - 2015

Independent regulatory authorities are a basic prerequisite for a successful liberalization process. However, contrary to what is expected, both graphical analyses and OLS regressions for a small sample of electricity and gas regulators operating in 16 European countries reveal a negative...

Persistent link: https://www.econbiz.de/10013029083

Electricity market integration, decarbonisation and security of supply : dynamic volatility connectedness in the Irish and Great Britain markets

Do, Hung; Nepal, Rabindra; Jamasb, Tooraj - 2020

This study investigates the volatility connectedness between the Irish and Great Britain electricity markets and how it is driven by changes in energy policy, institutional structures and political ideologies. We assess various aspects of this volatility connectedness including static...

Persistent link: https://www.econbiz.de/10012194466

Energy Transition and the Electricity Market : An Exploration of an Electrifying Relationship

Mulder, Machiel - 2018

While achieving the ambitious energy transition targets is important to society, it is also costly. To keep these costs as low as possible and, thus, increase the chances of successfully accomplishing the energy transition, upholding the basic principles of the organisation of the electricity...

Persistent link: https://www.econbiz.de/10012934377

The Competitive Effects of Transmission Capacity in a Deregulated Electricity Industry

Borenstein, Severin; Bushnell, James; Stoft, Steven - 2000

In an unregulated electricity generation market, the capacity of transmission lines will determine the degree to which generators in different locations compete with one another. We show, however, that there may be no relationship between the effect of a transmission line in spurring competition...

Persistent link: https://www.econbiz.de/10014156180

The Effects of the Liberalization of the Spanish Electricity Industry on the Shares of Endesa, Iberdrola and Union Fenosa

Bosch, Maria Teresa - 2009

The liberalization of Spanish electrical industry began in 1998. One year before Endesa, a public electrical company, was privatized. The liberalization project in electric industry was completed in 2003. This work shows that liberalization implied relevant changes on the risk and performance of...

Persistent link: https://www.econbiz.de/10014216689

Effects of Firm Complexity on the Adaption of Board Structure : Evidence from U.S. Electric Utilities Following Deregulation

Hoi, Chun-Keung; Wollan, Patricia L. - 2010

This paper reexamines the adaptation of board structure in U.S. electric utilities following deregulation. Post-deregulation … changes in the complexity of a firm’s operations. Electric utilities that do not become more complex after deregulation reduce … that become more complex; these utilities employ more outsiders but fewer inside directors after deregulation. We conclude …

Persistent link: https://www.econbiz.de/10014193644

Electricity Restructuring in China : The Elusive Quest for Competition

Pittman, Russell W.; Zhang, Vanessa Yanhua - 2008

The continuation of China's remarkable economic growth will depend on continued increases in electricity supply. China has commenced a program of electricity sector restructuring, with the announced aim of relying on markets and competition to provide incentives for attracting private investment...

Persistent link: https://www.econbiz.de/10014218562

Regulation and the Leverage of Local Market Power in the California Electricity Market

Bushnell, James; Wolak, Frank - 2004

Regulators of electricity markets around the world continue to struggle with the problem of incentivizing generators whose output, due to their location in the grid, has no viable substitutes. Such generators possess 'local' market power. Since these generators also compete in broader regional...

Persistent link: https://www.econbiz.de/10014073362

Electricity Restructuring in Canada

Trebilcock, Michael J.; Hrab, Roy - 2006

Limited electricity restructuring has occurred in Canada. This chapter focuses on the electricity sector restructuring initiatives of Canada's most populous province, Ontario, examining the province's restructuring process and experiences, the aftermath of re-regulation and the lessons learned....

Persistent link: https://www.econbiz.de/10014058517