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Power markets in Poland and worldwide (Rynki energii elektrycznej w Polsce i na swiecie)

Author

Listed:
  • Rafal Weron

Abstract

We recall the historical changes that have taken place in the power markets worldwide and that have led to a partial or full opening for competition. Afterwards we discuss power market structure with special emphasis on differences between financial or other commodity markets on one hand and the power market on the other. We also address the issue of the market specific, like seasonality, mean reversion, high volatility, etc.

Suggested Citation

  • Rafal Weron, 2004. "Power markets in Poland and worldwide (Rynki energii elektrycznej w Polsce i na swiecie)," HSC Research Reports HSC/04/02, Hugo Steinhaus Center, Wroclaw University of Technology.
  • Handle: RePEc:wuu:wpaper:hsc0402
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    File URL: http://www.im.pwr.wroc.pl/~hugo/RePEc/wuu/wpaper/HSC_04_02.pdf
    File Function: Final version, 2004 (in Polish)
    Download Restriction: no

    More about this item

    Keywords

    Power market; Liberalization; Deregulation; Market structure;

    JEL classification:

    • L11 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Production, Pricing, and Market Structure; Size Distribution of Firms
    • L43 - Industrial Organization - - Antitrust Issues and Policies - - - Legal Monopolies and Regulation or Deregulation
    • Q48 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Government Policy

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