Modeling EU Electricity Market Competition Using the Residual Supply Index

Modeling EU Electricity Market Competition Using the Residual Supply Index

An econometric approach to related hourly Residual Supply Index to price-cost margins in the major EU electricity generation markets suggests that market structure, as measured by the RSI, is a significant explanatory factor for markups, even when scarcity and other explanatory variables are include...

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Veröffentlicht in:The Electricity journal 2010-11, Vol.23 (9), p.41-50
Hauptverfasser: Swinand, Gregory, Scully, Derek, Ffoulkes, Stuart, Kessler, Brian
Format: Artikel
Sprache:eng
Schlagworte:
COMPETITION
COST
ECONOMETRICS
ELECTRIC POWER
Electricity
ENERGY PLANNING, POLICY AND ECONOMY
EUROPEAN UNION
MARKET
Markets
Markup
Mathematical models
POWER GENERATION
PRICES
RSI
SIMULATION
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Beschreibung
Zusammenfassung:An econometric approach to related hourly Residual Supply Index to price-cost margins in the major EU electricity generation markets suggests that market structure, as measured by the RSI, is a significant explanatory factor for markups, even when scarcity and other explanatory variables are included.
ISSN:1040-6190
1873-6874
DOI:10.1016/j.tej.2010.09.016