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Le Rôle des Permis d'Emission dans l'Exercice d'un Pouvoir de Marché sur les Marchés de gros de l'Electricité: la Stratégie de Rétention de Capacité

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Author Info
Rousse, O.

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Abstract

Lorsqu’on évoque les risques de distorsions de concurrence liés à l’introduction d’un marché de permis, on considère généralement les distorsions de concurrence provenant de la manipulation du prix de marché des permis, c’est-à-dire qu’on envisage un marché des permis non concurrentiel. Notre objectif se démarque de ces analyses par le fait qu’en prenant en compte le fonctionnement des marchés électriques, nous cherchons à comprendre comment l’introduction d’un marché de permis concurrentiel peut distordre la concurrence dans les marchés de l’électricité. Plus particulièrement, nous montrons que suivant le design du marché des permis d’émission, ces derniers peuvent avoir un rôle incitatif dans l’exercice d’un pouvoir de marché sur les marchés de gros de l’électricité par la stratégie de rétention de capacité.

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File URL: http://www.creden.univ-montp1.fr/downloads/cahiers/CC-04-10-51.pdf
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Publisher Info
Paper provided by CREDEN (Centre de Recherche en Economie et Droit de l'Energie), Faculty of Economics, University of Montpellier 1 in its series Cahiers du CREDEN (CREDEN Working Papers) with number 04.10.51.

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Length: 44 pages
Date of creation: 2004
Date of revision:
Handle: RePEc:mop:credwp:04.10.51

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Postal: Université de Montpellier 1, Faculté des Sciences Economiques, CREDEN, Av. de la Mer - Espace Richter, CS 79606, 34960 Montpellier Cedex 2, France
Phone: 33 (0)4 67 15 83 60
Fax: 33 (0)4 67 15 84 04
Web page: http://www.creden.univ-montp1.fr
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For technical questions regarding this item, or to correct its listing, contact: (Olivier ROUSSE).

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  1. Paul L. Joskow, 2001. "California's Electricity Crisis," NBER Working Papers 8442, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    Other versions:
  2. Severin Borenstein & James B. Bushnell & Frank A. Wolak, 2002. "Measuring Market Inefficiencies in California's Restructured Wholesale Electricity Market," American Economic Review, American Economic Association, vol. 92(5), pages 1376-1405, December. [Downloadable!]
  3. Spear, Stephen E., 2003. "The electricity market game," Journal of Economic Theory, Elsevier, vol. 109(2), pages 300-323, April. [Downloadable!] (restricted)
    Other versions:
  4. Frank A. Wolak & Robert H. Patrick, 2001. "The Impact of Market Rules and Market Structure on the Price Determination Process in the England and Wales Electricity Market," NBER Working Papers 8248, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
  5. Catherine D. Wolfram, 1998. "Strategic Bidding in a Multiunit Auction: An Empirical Analysis of Bids to Supply Electricity in England and Wales," RAND Journal of Economics, The RAND Corporation, vol. 29(4), pages 703-725, Winter. [Downloadable!] (restricted)
  6. Robert Wilson, 2002. "Architecture of Power Markets," Econometrica, Econometric Society, vol. 70(4), pages 1299-1340, July. [Downloadable!] (restricted)
  7. Steven L. Puller, 2007. "Pricing and Firm Conduct in California's Deregulated Electricity Market," The Review of Economics and Statistics, MIT Press, vol. 89(1), pages 75-87, October. [Downloadable!] (restricted)
  8. von der Fehr, N.-H. & Harbord,D., 1998. "Competition in Electricity Spot Markets. Economic Theory and International Experience," Memorandum 05/1998, Oslo University, Department of Economics.
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  9. Severin Borenstein & James Bushnell & Frank Wolak, 1999. "Diagnosing Market Power in California's Deregulated Wholesale Electricity Market," Competition Policy Center, Working Paper Series CPC99-007, Competition Policy Center, Institute for Business and Economic Research, UC Berkeley. [Downloadable!]
  10. Mork, Erling, 2001. "Emergence of financial markets for electricity: a European perspective," Energy Policy, Elsevier, vol. 29(1), pages 7-15, January. [Downloadable!] (restricted)
  11. 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!]
  12. Laurie, Robert A., 2001. "Distributed Generation: Reaching the Market Just in Time," The Electricity Journal, Elsevier, vol. 14(2), pages 87-94, March. [Downloadable!] (restricted)
  13. Green, Richard J & Newbery, David M, 1992. "Competition in the British Electricity Spot Market," Journal of Political Economy, University of Chicago Press, vol. 100(5), pages 929-53, October. [Downloadable!] (restricted)
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