Detecting and measuring market power in the Philippine wholesale electricity market
AbstractDuring the first quarter of commercial operation of the Philippine wholesale electricity market, an unexpected surge in clearing prices led to an investigation of public utilities accused of collusion. The paper examines the regulatory response to the first antitrust case in the electricity market. Using actual offers submitted by generators to the market operator and applying a variant of competitive benchmark analysis, the paper traces the price surge to strategic bidding and capacity withholding by public generators.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoArticle provided by University of the Philippines School of Economics and Philippine Economic Society in its journal Philippine Review of Economics.
Volume (Year): 46 (2009)
Issue (Month): 2 (December)
market power; wholesale lectricity market; strategic bidding;
Find related papers by JEL classification:
- L32 - Industrial Organization - - Nonprofit Organizations and Public Enterprise - - - Public Enterprises; Public-Private Enterprises
- L44 - Industrial Organization - - Antitrust Issues and Policies - - - Antitrust Policy and Public Enterprise, Nonprofit Institutions, and Professional Organizations
- L94 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Electric Utilities
You can help add them by filling out this form.
reading list or among the top items on IDEAS.Access and download statisticsgeneral information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Reuben T. Campos).
If references are entirely missing, you can add them using this form.