The Models of Strategic Interaction between Network and Generating Companies at Electricity Transmission Market
The paper considers the strategic interaction between network and generating companies at electricity transmission market within the simplest electric power system with two nodes. The four possible variants of the market organization are investigated: guaranteed regulated and non-regulated network monopoly, network monopoly facing potential competition from the independent network company or generating company. The possible consequences and by-effects of vertical unbundling, in particular, influence of such a regulation on the prices and network transfer capabilities, are analyzed. It is shown that the elimination of monopolistic preferences on electric power transmission with the possibility of network objects building and operation by the generating companies is an effective mechanism for electricity price reduction.
Volume (Year): (2011)
Issue (Month): 10 ()
|Contact details of provider:|| Postal: |
Phone: +7 495 7189855
Fax: +7 495 7189855
Web page: http://www.econorus.org/english.phtml
More information through EDIRC
References listed on IDEAS
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.:
- Joskow, Paul L., 2007. "Regulation of Natural Monopoly," Handbook of Law and Economics, Elsevier.
- Joskow Paul L., 2008. "Incentive Regulation and Its Application to Electricity Networks," Review of Network Economics, De Gruyter, vol. 7(4), pages 1-14, December.
- DiLorenzo, Thomas J, 1996. " The Myth of Natural Monopoly," The Review of Austrian Economics, Springer, vol. 9(2), pages 43-58.
- Mitchel Y. Abolafia (ed.), 2005. "Markets," Books, Edward Elgar, number 2788, 6.
- Mehdi Farsi & Aurelio Fetz & Massimo Filippini, 2008. "Economies of Scale and Scope in Multi-Utilities," The Energy Journal, International Association for Energy Economics, vol. 0(Number 4), pages 123-144.
- Paul L. Joskow, 2010. "Market Imperfections versus Regulatory Imperfections," CESifo DICE Report, Ifo Institute for Economic Research at the University of Munich, vol. 8(3), pages 3-7, October.
When requesting a correction, please mention this item's handle: RePEc:nea:journl:y:2011:i:10:p:54-73. 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: (Alexey Tcharykov)
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.