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Liberalisation of network industries : is electricity an exception to the rule?
Coppens, François; Vivet, David - 2004
) monopoly thesis. Recently, however, a trend towards deregulation of such industries has been observed. This trend started with … the economies of scale have disappeared as a result of emerging new technologies. The successful deregulation in … substantial. Moreover, in addition to the deregulation process, the electricity sector is also subject to other changes such as …
Persistent link: https://www.econbiz.de/10003285766
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How to determine whether regional markets are integrated? : theory and evidence from European electricity markets
Gebhardt, Georg; Höffler, Felix - 2008
Prices may differ between regional markets if transport capacities are limited. We develop a new approach to determine to which extent such differences stem from limited participation in cross-border trader rather than from bottlenecks. We derive a theoretical integration benchmark for the...
Persistent link: https://www.econbiz.de/10010365847
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Liberalisation of network industries: Is the electricity sector an exception to the rule?
Coppens, François; Vivet, David - 2004
) monopoly thesis. Recently, however, a trend towards deregulation of such industries has been observed. This trend started with … the economies of scale have disappeared as a result of emerging new technologies. The successful deregulation in … substantial. Moreover, in addition to the deregulation process, the electricity sector is also subject to other changes such as …
Persistent link: https://www.econbiz.de/10011506581
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Supply Function Equilibria: Step Functions and Continuous Representations
Holmberg, Pär; Newbery, David; Ralph, Daniel - 2009
In most wholesale electricity markets generators must submit step-function offers of supply to a uniform price auction, and the market is cleared at the price of the most expensive offer needed to meet realised demand. Such markets can most elegantly be modelled as the pure-strategy, Nash...
Persistent link: https://www.econbiz.de/10010320261
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A stochastic discrete choice dynamic programming model of power plant operations and retirement
Çam, Eren; Hinkel, Niklas; Schönfisch, Max - 2022
We present a methodology to estimate fixed cost parameters relevant to the decision to operate, mothballor retire an open-cycle gas turbine (OCGT) using a dynamic discrete choice model, based on fuel andelectricity prices, as well as technical data and the operational status of OCGTs in the PJM...
Persistent link: https://www.econbiz.de/10012820376
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Capacity mechanisms and effects on market structure
Elberg, Christina; Kranz, Sebastian - 2014
Liberalized electricity markets are characterized by fluctuating priceinelastic demand of non-storable electricity, often defined by a substantial market share held by one or few incumbent firms. These characteristics have led to a controversial discussion concerning the need for and the design...
Persistent link: https://www.econbiz.de/10010253387
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Strategic withholding through production failures
Fogelberg, Sara; Lazarczyk, Ewa - 2014
Anecdotal evidence indicates that electricity producers use production failures to disguise strategic reductions of capacity in order to influence prices, but systematic evidence is lacking. We use a quasi-experimental set up and data from the Swedish energy market to examine such behavior. In a...
Persistent link: https://www.econbiz.de/10010392831
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Appropriate contract durations in the German markets for on-line reserve capacity
Just, Sebastian - 2010
This paper explores the economic implications of different contract durations in markets for on-line (primary and secondary) reserve capacity in Germany with the crucial feature of separate markets for spot energy and reserve capacity provision. The analysis is based on an equilibrium model...
Persistent link: https://www.econbiz.de/10010426698
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Multiple plants and nodal price derivatives
Ruddell, Keith - 2018
Market power in electricity wholesale markets arises when generators have incentives to mark up their offers above the cost of production.I model a transmission network with a single line. I derive optimality conditions for supply functions for generators who supply energy at both ends of the...
Persistent link: https://www.econbiz.de/10011824801
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How to sell renewable electricity : interactions of the intraday and day-ahead market under uncertainty
Knaut, Andreas; Obermüller, Frank - 2016
Uncertainty about renewable production increases the importance of sequential short-term trading. We consider a two-stage market where conventional and renewable producers compete in order to satisfy the demand of consumers. The trading in the first stage takes place under uncertainty about...
Persistent link: https://www.econbiz.de/10011457009