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Market Power In The Spanish Wholesale Electricity Market Author info | Abstract | Publisher info | Download info | Related research | Statistics Aitor Ciarreta (Universidad de Alicante)
María Paz Espinosa (Universidad del País Vasco)
In the context of the recent electricity market reforms in Europe and the US, we evaluate the performance of the Spanish pool. Our method is not based on price-cost estimates but rather on the different behavior of operators with higher market power as compared to the behavior of more competitive operators. Our results indicate that the two larger operators in the market are able to increase prices by a significant amount as compared to the situation in which each plant is run independently.
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Paper provided by Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie) in its series Working Papers. Serie AD with number
2003-22.
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Length: 26 pages
Date of creation: Jun 2003Date of revision:
Publication status: Published by IvieHandle: RePEc:ivi:wpasad:2003-22Contact details of provider: Postal: C/ Guardia Civil, 22, Esc 2a, 1o, E-46020 VALENCIA Phone: +34 96 319 00 50 Fax: +34 96 319 00 55 Email: Web page: http://www.ivie.es/ More information through EDIRC
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Keywords: electricity market competition auction market power Other versions of this item:
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references Cited by : (explanations , Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile , click on "citations" and make appropriate adjustments.)
Vitor Marques & Isabel Soares & Adelino Fortunato, 2008.
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Dechenaux, Emmanuel & Kovenock, Dan, 2005.
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