Author : Thomas Tangerås
Publisher :
ISBN 13 :
Total Pages : 26 pages
Book Rating : 4.:/5 (13 download)
Book Synopsis Real-Time Versus Day-Ahead Market Power in a Hydro-Based Electricity Market by : Thomas Tangerås
Download or read book Real-Time Versus Day-Ahead Market Power in a Hydro-Based Electricity Market written by Thomas Tangerås and published by . This book was released on 2014 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt: We analyse in a theoretical framework the link between real-time and day-ahead market performance in a hydro-based and imperfectly competitive wholesale electricity market. Theoretical predictions of the model are tested on data from the Nordic power exchange, Nord Pool Spot (NPS). We reject the hypothesis that prices at NPS were at their competitive levels throughout the period under examination. The empirical approach uses equilibrium prices and quantities and does not rely on bid data nor on estimation of demand or marginal cost functions.