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Market power and price control in the market of electric power

Author

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  • Vasilyev, Mikhail

    () (Melentiev Energy Systems Institute of Russian Academy of Sciences, Siberian Branch)

Abstract

The article describes a method of assessing market concentration, used to justify the regulation of prices on the market of electric power in Russia. Disadvantages of this method, leading to a reassessment of the market power of suppliers power. A modification of this method, which takes into account the ability to transfer power between the free flow zones. For the conditions of market power is illustrated by the use of an index of residual demand. Model calculation of the index of residual proposal modified to take account of network capacity and long-term contracts. Based on calculations by the example of the second price zone of the wholesale electricity market (Siberia) concluded the feasibility of deregulation of prices for a number of power suppliers. It is shown that the use of long-term contracts for the supply of electric power can be an effective tool of antitrust policy in the power industry.

Suggested Citation

  • Vasilyev, Mikhail, 2014. "Market power and price control in the market of electric power," Economic Policy, Russian Presidential Academy of National Economy and Public Administration, pages 92-102, December.
  • Handle: RePEc:rnp:ecopol:ep1469
    as

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    References listed on IDEAS

    as
    1. Hesamzadeh, Mohammad R. & Biggar, Darryl R. & Hosseinzadeh, Nasser, 2011. "The TC-PSI indicator for forecasting the potential for market power in wholesale electricity markets," Energy Policy, Elsevier, vol. 39(10), pages 5988-5998, October.
    2. SMEERS, Yves, 2005. "How well can one measure market power in restructured electricity systems ?," CORE Discussion Papers 2005050, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
    3. Авдашева С. Б. & Шаститко A. E. & Калмычкова Е. Н., 2007. "Экономические Основы Антимонопольной Политики: Российская Практика В Контексте Мирового Опыта," Higher School of Economics Economic Journal Экономический журнал Высшей школы экономики, CyberLeninka;Федеральное государственное автономное образовательное учреждение высшего образования «Национальный исследовательский университет «Высшая школа экономики», vol. 11(4), pages 562-610.
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