Market power and integrated regional markets of electricity: a simulation of the mibel

Detalhes bibliográficos
Autor(a) principal: Ferreira Dias, Marta
Data de Publicação: 2017
Outros Autores: Jorge, Sílvia F.
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: http://hdl.handle.net/10773/24028
Resumo: We consider a partial equilibrium model where we study the integration of two oligopolistic markets that are not symmetric (in number of firms, in demand or market dimension). We present a simulation for the integration of the Iberian wholesale electricity market (MIBEL) and show how the exercise of market power will evolve with regional full integration. The simulation results show that, as expected, market power is lower after full integration. However, even after full integration, market power is still a feature of the market. There fore, the full benefits of liberalisation and integration are not seized by the consumers since wholesale prices persist to be higher than marginal costs.
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spelling Market power and integrated regional markets of electricity: a simulation of the mibelMIBELMarket PowerCournot Simulation ModelWe consider a partial equilibrium model where we study the integration of two oligopolistic markets that are not symmetric (in number of firms, in demand or market dimension). We present a simulation for the integration of the Iberian wholesale electricity market (MIBEL) and show how the exercise of market power will evolve with regional full integration. The simulation results show that, as expected, market power is lower after full integration. However, even after full integration, market power is still a feature of the market. There fore, the full benefits of liberalisation and integration are not seized by the consumers since wholesale prices persist to be higher than marginal costs.International Institute of Social and Economic Sciences2018-09-05T14:43:52Z2017-01-01T00:00:00Z2017info:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/10773/24028eng1804-979610.20472/ES.2017.6.2.003Ferreira Dias, MartaJorge, Sílvia F.info:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2024-02-22T11:47:14Zoai:ria.ua.pt:10773/24028Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-20T02:57:50.183520Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse
dc.title.none.fl_str_mv Market power and integrated regional markets of electricity: a simulation of the mibel
title Market power and integrated regional markets of electricity: a simulation of the mibel
spellingShingle Market power and integrated regional markets of electricity: a simulation of the mibel
Ferreira Dias, Marta
MIBEL
Market Power
Cournot Simulation Model
title_short Market power and integrated regional markets of electricity: a simulation of the mibel
title_full Market power and integrated regional markets of electricity: a simulation of the mibel
title_fullStr Market power and integrated regional markets of electricity: a simulation of the mibel
title_full_unstemmed Market power and integrated regional markets of electricity: a simulation of the mibel
title_sort Market power and integrated regional markets of electricity: a simulation of the mibel
author Ferreira Dias, Marta
author_facet Ferreira Dias, Marta
Jorge, Sílvia F.
author_role author
author2 Jorge, Sílvia F.
author2_role author
dc.contributor.author.fl_str_mv Ferreira Dias, Marta
Jorge, Sílvia F.
dc.subject.por.fl_str_mv MIBEL
Market Power
Cournot Simulation Model
topic MIBEL
Market Power
Cournot Simulation Model
description We consider a partial equilibrium model where we study the integration of two oligopolistic markets that are not symmetric (in number of firms, in demand or market dimension). We present a simulation for the integration of the Iberian wholesale electricity market (MIBEL) and show how the exercise of market power will evolve with regional full integration. The simulation results show that, as expected, market power is lower after full integration. However, even after full integration, market power is still a feature of the market. There fore, the full benefits of liberalisation and integration are not seized by the consumers since wholesale prices persist to be higher than marginal costs.
publishDate 2017
dc.date.none.fl_str_mv 2017-01-01T00:00:00Z
2017
2018-09-05T14:43:52Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv http://hdl.handle.net/10773/24028
url http://hdl.handle.net/10773/24028
dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv 1804-9796
10.20472/ES.2017.6.2.003
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv International Institute of Social and Economic Sciences
publisher.none.fl_str_mv International Institute of Social and Economic Sciences
dc.source.none.fl_str_mv reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
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instname_str Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron_str RCAAP
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reponame_str Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
collection Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
repository.name.fl_str_mv Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
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