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Increasing Competition in the British Electricity Spot Market

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Author Info
Green, Richard J

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Abstract

This paper models the effect of three policies that could increase the amount of competition in the electricity spot market in England and Wales. It uses a linear supply function model with asymmetric firms. The paper finds that the regulator's chosen policy, partial divestiture, should lead to a substantial reduction in deadweight losses. Splitting up the dominant firms would have more effect but is unlikely to be politically feasible, while encouraging competitive entry 'in advance of need' would tend to reduce welfare. Copyright 1996 by Blackwell Publishing Ltd.

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Publisher Info
Article provided by Blackwell Publishing in its journal Journal of Industrial Economics.

Volume (Year): 44 (1996)
Issue (Month): 2 (June)
Pages: 205-16
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Handle: RePEc:bla:jindec:v:44:y:1996:i:2:p:205-16

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Web page: http://www.blackwellpublishing.com/journal.asp?ref=0022-1821

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  1. Aitor Ciarreta & Maria Paz Espinosa, 2006. "Demand Elasticity and Market Power in the Spanish Electricity Market," Working Papers 200606, Department of Business Economics, Universitat Autonoma de Barcelona. [Downloadable!]
  2. Nils-Henrik von der Fehr & David Harbord, 2002. "Competition in Electricity Spot Markets: Economic Theory and International Experience," Industrial Organization 0203006, EconWPA. [Downloadable!]
    Other versions:
  3. Catherine D. Wolfram, 1997. "Strategic Bidding in a Multi-Unit Auction: An Empirical Analysis of Bids to Supply Electricity," NBER Working Papers 6269, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
  4. Aitor Ciarreta & Maria Paz Espinosa, 2005. "A Supply Function Competition Model for the Spanish Wholesale Electricity Market," DFAEII Working Papers 200518, University of the Basque Country - Department of Foundations of Economic Analysis II. [Downloadable!]
  5. Kühn, Kai-Uwe, 2006. "How Market Fragmentation Can Facilitate Collusion," CEPR Discussion Papers 5948, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
  6. Aitor Ciarreta & María Paz Espinosa, 2003. "Market Power In The Spanish Wholesale Electricity Market," Working Papers. Serie AD 2003-22, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie). [Downloadable!]
  7. Kai-Uwe Kühn & Matilde Machado, 2004. "Bilateral Market Power And Vertical Integration In The Spanish Electricity Spot Market," Working Papers wp2004_0414, CEMFI. [Downloadable!]
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  8. Peter Cramton & Robert Wilson, 1998. "A Review of ISO New England's Proposed Market Rules," Papers of Peter Cramton 98mdi, University of Maryland, Department of Economics - Peter Cramton. [Downloadable!]
  9. Willems, B.R.R. & Rumiantseva, I. & Weigt, H., 2007. "Cournot versus Supply Functions: What Does the Data tell us?," Discussion Paper 2007-023, Tilburg University, Tilburg Law and Economic Center. [Downloadable!]
  10. Abolmassov Aleksandr & Kolodin Denis, 2003. "Structural changes in Russian electricity market," EERC Working Paper Series 01-016e, EERC Research Network, Russia and CIS. [Downloadable!]
  11. Holmberg, Pär, 2005. "Asymmetric Supply Function Equilibrium with Constant Marginal Costs," Working Paper Series 2005:16, Uppsala University, Department of Economics. [Downloadable!]
  12. Bert Willems & Guido Pepermans, 2003. "Regulating transmission in a spatial oligopoly: a numerical illustration for Belgium," Energy, Transport and Environment Working Papers Series ete0314, Katholieke Universiteit Leuven, Centrum voor Economische Studiën, Energy, Transport and Environment. [Downloadable!]
  13. Bulut, Harun & Koray, Semih, 2008. "Competition and Regulation via Supply and Demand Functions in Oligopolistic-Oligopsonistic Markets," Staff General Research Papers 12930, Iowa State University, Department of Economics. [Downloadable!]
  14. Sweeting, A., 2004. "Market Power in the England and Wales Wholesale Electricity Market 1995-2000," Cambridge Working Papers in Economics 0455, Faculty of Economics, University of Cambridge. [Downloadable!]
  15. Aitor Ciarreta & Carlos Gutierrez-Hita, 2005. "Strategic Behavior and Collusion: An Application to the Spanish Electricity Market," DFAEII Working Papers 200502, University of the Basque Country - Department of Foundations of Economic Analysis II. [Downloadable!]
  16. Andrew Sweeting, 2004. "Market Power in the England and Wales Wholesale Electricity," Working Papers 0413, Massachusetts Institute of Technology, Center for Energy and Environmental Policy Research. [Downloadable!]
  17. Paul Twomey & Richard Green & Karsten Neuhoff & David Newbery, 2005. "A Review of the Monitoring of Market Power: The Possible Roles of TSOs in Monitoring for Market Power Issues in Congested Transmission Systems," Working Papers 0502, Massachusetts Institute of Technology, Center for Energy and Environmental Policy Research. [Downloadable!]
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