Transmission Rights and Market Power on Electric Power Networks
نویسندگان
چکیده
منابع مشابه
Transmission Rights and Market Power
Historically, the primary barrier to greater competition in the electricity industry has been the vertical integration of most firms. Control of the transmission grid can advantage some competitors at the expense of others. In electricity markets around the world, policymakers have attempted to solve this problem through the creation of independent ‘gridcos’ or ‘system operators’ that either ow...
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This paper demonstrates that financial transmission rights allow their owners to capture at least a portion, and sometimes all, of the congestion rents. This extends work in this area by Shmuel Oren which was limited to the case in which generators could not purchase financial transmission rights. One form of financial rights, Transmission Congestion Contracts (TCCs), is shown to be so effectiv...
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ژورنال
عنوان ژورنال: The RAND Journal of Economics
سال: 2000
ISSN: 0741-6261
DOI: 10.2307/2600996