Understanding Competitive Pricing and Market Power in Wholesale Electricity Markets
نویسندگان
چکیده
منابع مشابه
Understanding Competitive Pricing and Market Power in Wholesale Electricity Markets
In the ̄rst year of the deregulated California electricity market, a number of issues have arisen that relate to the competitiveness of the wholesale electricity market in the state. There have been lively debates over the need for price caps in the California Power Exchange (PX) day-ahead market and the California Independent System Operator's (ISO) real-time and ancillary services markets. The...
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The traditional measure of market power is the HHI, which gives implausible results given the low elasticity of demand in electricity spot markets, unless it is adapted to take account of contracting. In its place the Residual Supply Index has been proposed as a more suitable index to measure potential market power in electricity markets, notably in California and more recently in the EU Sector...
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A short-term electricity market coordinated by a system operator provides a foundation for a competitive electricity market. Combined with long-term contracts for generation and transmission congestion, the spot-market and competitive market pricing can support open access to the transmission grid. INTRODUCTION Electricity market restructuring emphasizes the potential for competition in generat...
متن کاملCSEM WP 114 Measuring Unilateral Market Power in Wholesale Electricity Markets: The California Market
This paper measures the unilateral incentive each of the five largest electricity suppliers in the California had to exercise market power in the state’s wholesale market during the five month period June 1 to September 30 of 1998, 1999 and 2000. Using the actual bids submitted to the California Independent System Operator’s (CAISO) real-time energy market, I compute the hourly price elasticity...
متن کاملMeasuring Unilateral Market Power in Wholesale Electricity Markets: The California Market, 1998–2000
This paper measures the unilateral incentive each of the five largest electricity suppliers in California had to exercise market power in the state’s wholesale market during the four-month period from 1 June to 30 September of 1998, 1999, and 2000. Using the actual bids submitted to the California Independent System Operator’s (CAISO) real-time energy market, I compute the hourly price elastici...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2004
ISSN: 1556-5068
DOI: 10.2139/ssrn.506283