Market Power in the Nordic Electricity Wholesale Market: A Survey of the Empirical Evidence

Market Power in the Nordic Electricity Wholesale Market: A Survey of the Empirical Evidence
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DOI:
10.2139/ssrn.1308493
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发表时间:
2008-11
期刊:
IO: Empirical Studies of Firms & Markets
影响因子:
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通讯作者:
S. Fridolfsson;Thomas P. Tangerås
S. Fridolfsson;Thomas P. Tangerås
中科院分区:
其他
文献类型:
--
作者:
S. Fridolfsson;Thomas P. Tangerås

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我们回顾了最近的实证研究评估市场势力的北欧电力批发市场,诺德池。研究发现,没有证据表明诺德联营公司系统地利用了系统一级的市场力量。在北欧国家的某些价格领域,输电限制所产生的当地市场支配力似乎更成问题。市场支配力可以通过多种方式表现出来,而这些方式迄今为止尚未受到实证审查。我们讨论了投资激励、垂直一体化和买方力量,以及基本负荷(核)容量的保留。
We review the recent empirical research assessing market power on the Nordic wholesale market for electricity, Nord Pool. The studies find no evidence of systematic exploitation of system level market power on Nord Pool. Local market power arising from transmission constraints seems to be more problematic in some price areas across the Nordic countries. Market power can manifest itself in a number of ways that have so far escaped empirical scrutiny. We discuss investment incentives, vertical integration and buyer power, as well as withholding of base-load (nuclear) capacity.