The present deregulated electricity industry has evolved into a distributed and competitive industry in which market forces drive the price of electricity and reduce the net cost of electricity. However the competitions in these markets require identification of the use of transmission networks, mainly the participation of utilities in losses caused in the transmission lines. This is because th...

Available transfer capability (ATC) is the transfer capability remaining in the physical transmission network for further commercial activity over and above already committed uses which needs to be posted in the electricity market to facilitate competition. ATC evaluation is a complicated task including the determination of total transfer capability (TTC) and existing transfer capability (ETC)....

This paper presents an environmentally constrained economic dispatch algorithm in a hydrothermal system within the framework of a competitive and deregulated electricity market. The optimization problem of one firm in a competitive market is described, whose objective function can be defined as its profit maximization, and we consider that the thermal plants are constrained to technical and env...

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 and the actual electricity that flows on the line in equilibrium. We also demonstrate that limited t...

In this paper the problem of modeling electricity price dynamics in deregulated energy markets is studied. Since the nature of customers' energy consumption, market participants' strategic behavior and the power system reliability indices are stochastic processes, the electricity price model will be stochastic as well. In our analysis the price of electricity is modeled based on the customers' ...

The objective of the study is to develop a relationship between interest rates and other macroeconomic variables using latest available data in Indian context so that a forecast of interest rate can be estimated. With the onset of economic reforms the interest rates India are deregulated and banks are allowed to determine market based interest rate. Market determined interest rates are likely t...

We develop game theoretic models to evaluate strategic behavior in deregulated electricity markets, with particular attention given to the market rules in place in California through the summer of 2000. We prove existence of a Nash equilibrium under two particular sets of market rules used by the CALPX and CAISO respectively. Next we derive a lower bound (strictly above marginal cost) on averag...

In this paper, we estimate own-price elasticities for fixed network voice telephony access and national calls services for private users as well as cross-price elasticities to mobile services using time series data from 2002-2007 from the Austrian market. Using instrumental variable estimates and considering cointegration, we find that access is inelastic while calls are elastic. We conclude th...

The East Asian financial crisis in the late 1990s has challenged the widely-held belief that international financial markets should be deregulated. The common arguments both for and against free international capital flows are analysed and contrasted. Given the existence of various distortions and market failures in the global economy, there is a case for some degree of control. The extension a...

In a framework where deregulating the electric power market is an objective to be achieved, this thesis investigates how the transmission rules chosen by the regulator to deregulate this market will shape the incentives given to the market players and influence their market power. To study this influence, it is challenging the perfect market assumptions and examining how physical and financial ...