It has been argued that having a contract market before the spot market enhances competition (Allaz and Vila, 1993). Taking into account the repeated nature of electricity markets, we check the robustness of the argument that the access to contract markets reduces the market power of generators....

The literature on deregulated electricity markets generally assumes available capacities to be given. In contrast, this paper studies a model where firms precommit to capacity levels before competing in a uniform price auction. The analysis sheds light on recent empirical findings that firms use...

It has been argued that having a contract market before the spot market enhances competition (Allaz and Vila, 1993). Taking into account the repeated nature of electricity markets, we check the robustness of the argument that the access to contract markets reduces the market power of generators....

This report was produced as part of the THINK project. Technological advances are reshaping today's electricity markets. More mature technologies for local renewable generation and decreased investment costs thereof, joint with national support schemes, led to a significant market penetration of...

This report was produced as part of the THINK project. Technological advances are reshaping today's electricity markets. More mature technologies for local renewable generation and decreased investment costs thereof, joint with national support schemes, led to a significant market penetration of...