Venezuelan restructured electricity market analysis of a dominant firm's market power

被引：0
|
作者：
Dortolina, CA [1 ]
机构：
[1] Inelectra, Dept Elect Power Studies, Caracas, Venezuela
来源：
2001 POWER ENGINEERING SOCIETY SUMMER MEETING, VOLS 1-3, CONFERENCE PROCEEDINGS | 2001年
关键词：
energy marketplace; dominant firm; market power;
D O I：
暂无
中图分类号：
TE [石油、天然气工业]; TK [能源与动力工程];
学科分类号：
0807 ; 0820 ;
摘要：
Venezuela is currently restructuring its electric power industry in order to create competition for the generation of electricity, while the transmission and distribution of electricity remain regulated monopolies. The restructuring plan was designed to offer large customers ( 5 MW, initially) a choice regarding the source of their electricity, stimulate required investments, improve system reliability and reduce the price of electricity. This paper deals with the ability of a dominant firm to exercise market power in Venezuelan electricity market. Results will show that given current and currently forecast market and system conditions, one hydro electric generating company would have the ability to set prices above marginal costs. Among the options to create effective competition, and mitigate dominant firm's market power are measures to encourage the entry of new firms, and the imposition of price caps and/or cost plus for hydro plants based on the cost of opportunity of the water.
引用
收藏
页码：1046 / 1051
页数：2
相关论文
共 50 条
  • [41] Spatial competition, pricing, and market power in transportation: A dominant firm model
    Anderson, Simon P.
    Wilson, Wesley W.
    [J]. JOURNAL OF REGIONAL SCIENCE, 2008, 48 (02) : 367 - 397
  • [42] Brazil's Electricity Market Research: the Internal Logic Analysis of Market Mechanism and Its Enlightenment to China's Power Market Construction
    巴西电力市场研究:市场机制内在逻辑分析与对我国电力市场建设的启示
    [J]. Liu, Fang (liufang_NCEPU@163.com), 1600, Chinese Society for Electrical Engineering (40): : 3201 - 3213
  • [43] Market power in the German wholesale electricity market
    Moest, Dominik
    Genoese, Massimo
    [J]. JOURNAL OF ENERGY MARKETS, 2009, 2 (02) : 47 - 74
  • [44] Analyzing market power in a deregulated electricity market
    McClive, TE
    Hemphill, RC
    [J]. (DE)REGULATION OF ENERGY: INTERSECTING BUSINESS, ECONOMICS AND POLICY, 1996, : 71 - 80
  • [45] Identifying a dominant firm's market power among sellers of a homogeneous product: an application to Alcoa
    Yang, SPN
    [J]. APPLIED ECONOMICS, 2002, 34 (11) : 1411 - 1419
  • [46] A review on market power in deregulated electricity market
    Karthikeyan, S. Prabhakar
    Raglend, I. Jacob
    Kothari, D. P.
    [J]. INTERNATIONAL JOURNAL OF ELECTRICAL POWER & ENERGY SYSTEMS, 2013, 48 : 139 - 147
  • [47] Forward contracts and market power in an electricity market
    Anderson, Edward J.
    Hu, Xinmin
    [J]. INTERNATIONAL JOURNAL OF INDUSTRIAL ORGANIZATION, 2008, 26 (03) : 679 - 694
  • [48] Analysing market power in the restructured elecricity market using game theory
    Yan, J
    [J]. 2004 IEEE AFRICON: 7TH AFRICON CONFERENCE IN AFRICA, VOLS 1 AND 2: TECHNOLOGY INNOVATION, 2004, : 411 - 416
  • [49] Market power monitoring in electricity market by using market simulation
    Soleymani, S.
    Ranjbar, A. M.
    Jafari, A.
    Shirani, A. R.
    Ranjbar, M.
    [J]. 2006 IEEE POWER INDIA CONFERENCE, VOLS 1 AND 2, 2006, : 561 - +
  • [50] Evaluation of FIT Impacts on Market Clearing Price in the Restructured Power Market
    Askari, M. T.
    Ab Kadir, M. Z. A.
    Bolandifar, E.
    [J]. 2015 IEEE STUDENT CONFERENCE ON RESEARCH AND DEVELOPMENT (SCORED), 2015, : 224 - 227
12345