Advanced Search
MyIDEAS: Login to save this paper or follow this series

Why has the Nordic electricity market worked so well?

Contents:

Author Info

  • Amundsen, Eirik S.

    ()
    (University of Bergen, Department of Economics)

  • Bergman, Lars

    ()
    (Stockholm School of Economics)

Registered author(s):

    Abstract

    The general opinion among power industry representatives and electricity market analysts is that the Nordic electricity market has worked well. The purpose of this paper is to explore why the Nordic electricity market has performed well and to consider to what extent the Nordic experiences are relevant for other countries. In particular, we investigate causes as to why the Nordic market managed to withstand the supply shock in 2002 – 2003. A comparison is made with the California case, and the potential problem of market power abuse is investigated in particular. The relatively successful electricity market reform in the Nordic countries seems to be attributable to: a simple but sound market design, a successful dilution of market power, a strong political support for deregulation and voluntary, informal commitment to public service by the power industry.

    Download Info

    If 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.
    File URL: http://www.uib.no/filearchive/No.%2018-05.pdf
    Download Restriction: no

    Bibliographic Info

    Paper provided by University of Bergen, Department of Economics in its series Working Papers in Economics with number 18/05.

    as in new window
    Length: 17 pages
    Date of creation: 16 Dec 2005
    Date of revision:
    Handle: RePEc:hhs:bergec:2005_018

    Contact details of provider:
    Postal: Institutt for økonomi, Universitetet i Bergen, Postboks 7802, 5020 Bergen, Norway
    Phone: (+47)55589200
    Fax: (+47)55589210
    Email:
    Web page: http://www.uib.no/econ/en
    More information through EDIRC

    Related research

    Keywords: Nordic electricity market; California electricity market; supply shock; market power.;

    Find related papers by JEL classification:

    References

    No references listed on IDEAS
    You can help add them by filling out this form.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as in new window

    Cited by:
    1. Nilsson, Mats, 2007. "Red light for Green Paper: The EU policy on energy efficiency," Energy Policy, Elsevier, Elsevier, vol. 35(1), pages 540-547, January.
    2. Amundsen, Eirik Schrøder & Bergmann, Lars, 2006. "Provision of reserve capacity on the Nordic electricity market: Principles and practises," Working Papers in Economics, University of Bergen, Department of Economics 01/06, University of Bergen, Department of Economics.
    3. Tang, Ali, 2014. "Does Gibrat’s Law Hold for Swedish Energy Firms?," HUI Working Papers, HUI Research 99, HUI Research.

    Lists

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    Statistics

    Access and download statistics

    Corrections

    When requesting a correction, please mention this item's handle: RePEc:hhs:bergec:2005_018. See general 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: (Kjell Erik Lommerud).

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.