Ex post monitoring of market power in hydro dominated electricity markets

被引：11
|
作者：
Sandsmark, Maria [1 ]
Tennbakk, Berit [2 ]
机构：
[1] Molde Res Inst, N-6411 Molde, Norway
[2] Econ Poyry, N-4006 Stavanger, Norway
来源：
ENERGY POLICY | 2010年 / 38卷 / 03期
关键词：
Spot market; Strategic hydropower scheduling; Water value; SPOT MARKET; MODEL; COMPETITION; INDUSTRY;
D O I：
10.1016/j.enpol.2009.11.033
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
The paper presents a proposed market monitoring procedure that takes into account the special features of an electricity market dominated by hydropower. Specifically, we present a method to assess water values and a set of indicators that can be used to screen the market for suspicious price formation. We then use the Suggested monitoring procedure to evaluate actual price formation in the Nordic Electricity Market during the (hydrological) year 2002/2003 when precipitation failed and spot prices at the electricity exchange Nord Pool hit an all-time high. (C) 2009 Elsevier Ltd. All rights reserved.
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页码：1500 / 1509
页数：10
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