Methods for the estimation market power in the power sector
Polityka Energetyczna – Energy Policy Journal 2009;12(2):229-241
KEYWORDS
ABSTRACT
The paper presents analysis of the most important methods for the estimation of the market power in the energy sector. In general, the methods based on concentration of electricity production and more advanced methods based on mathematical programming were assessed. Mathematical formulas of coefficient methods were presented. The methods based on equilibrium models (Cournot, Supply Function Equilibrium) were indicated as the most accurate for the application in the energy sector.
METADATA IN OTHER LANGUAGES:
Polish
Metody szacowania siły rynkowej w sektorze energetycznym
siła rynkowa, oligopol, modelowanie matematyczne
Artykuł przedstawia analizę najważniejszych metod szacowania siły rynkowej w sektorze energetycznym. Przedstawiono zarówno metody oparte na wielkości produkcji i mocy zainstalowanej podmiotów funkcjonujących na rynku energii elektrycznej jak i bardziej zaawansowane metody wykorzystujące modelowanie matematyczne. Podano najważniejsze formuły matematyczne służące do obliczenia wskaźników. Jako najbardziej adekwatne do zastosowania w analizach siły rynkowej przedsiębiorstw energetycznych wskazano metody oparte na modelach równowagi (Cournot, Supply Function Equilibrium).
REFERENCES (12)
1.
Accompanying document to the Report on Progress in Creating the Internal Gas and Electricity Market, Commission Staff Working Paper, [COM(2008) 192 final], Brussels, 15 April 2008, SEC(2008) 460.
2.
BORENSTEIN S., BUSHNELL J., KNITTEL C., 1999 - Market power in electricity markets, beyond concentration measures, The Energy Journal 20 (4), 65-88, Elsevier Science.
3.
HELMAN U., 2006 - Market power monitoring and mitigation in the US wholesale power markets, Energy 31, Elsevier Science.
4.
HOLMBERG P., 2008 - Numerical calculation of an asymmetric supply function equilibrium with capacity constraints, doi: 10.1016/j.ejor.2008.10.029, European Journal of Operational Research, Elsevier Science.
5.
JACOBSON A., MlLMAN A.D., KAMMEN D.M., 2005 - Letting the (energy) Gini out of the bottle: Lorenz curves of cumulative electricity consumption and Gini coefficients as metrics of energy distribution and equity, Energy Policy 33, 1825-1832, Elsevier Science.
6.
JUN E., KIM W., CHANO S.H., 2008 - The analysis of security cost for different energy sources, doi:10.1016/j.apenergy .2008.11.028, Applied Energy, Elsevier Science.
7.
KAMIŃSKI J., 2009 - The impact of liberalisation of the electricity market on the hard coal mining sector in Poland, Energy Policy, Volume 37, Issue 3, Elsevier Science.
8.
MAZA A., VILLA VERDE J., 2008 - The world per capita electricity consumption distribution: Signs of convergence?, Energy Policy 36, 4255-4261, Elsevier Science.
9.
POLLITT M., 2008 - Evaluating the evidence on electricity reform: Lessons for the South East Europe (SEE) market, Utilities Policy 17, 13-23. Elsevier Science.
10.
RUSS P., CRIQUI P., 2007 - Post-Kyoto CO2 emission reduction: The soft landing scenario analysed with POLES and other world models, Energy Policy 35, 786-796, Elsevier Science.
11.
VENTOSA, et al., 2005 - Electricity market modelling trends, Energy Policy 33, 897-913, Elsevier Science.
12.
WILLEMS B., RUMIANTSEVA L, WEIGTH., 2009 - Cournot versus Supply Functions: What does the data tell us?, Energy Economics 31, 38-47, Elsevier Science.
Share
RELATED ARTICLE
| eISSN: | 2720-569X |
| ISSN: | 1429-6675 |
We process personal data collected when visiting the website. The function of obtaining information about users and their behavior is carried out by voluntarily entered information in forms and saving cookies in end devices. Data, including cookies, are used to provide services, improve the user experience and to analyze the traffic in accordance with the Privacy policy. Data are also collected and processed by Google Analytics tool (more).
You can change cookies settings in your browser. Restricted use of cookies in the browser configuration may affect some functionalities of the website.
You can change cookies settings in your browser. Restricted use of cookies in the browser configuration may affect some functionalities of the website.
