This paper discusses the lessons learned from electricity sector liberalization over the last
20 years. The attributes of reform models that have exhibited good performance attributes …

The paper surveys the literature and publicly available information on market power
monitoring in electricity wholesale markets. After briefly reviewing definitions, strategies and …

This paper examines vertical arrangements in electricity markets. Vertically integrated
wholesalers, or those with long-term contracts, have less incentive to raise wholesale prices …

Motivated by the new auction format in the England and Wales electricity market, as well as
the recent debate in California, we characterize bidding behavior and market outcomes in …

The last decade has witnessed efforts throughout the world to deregulate the electricity
industry, with varied results. While there have been a few qualified success stories, many …

This paper investigates the day-ahead forecasting performance of fundamental price models
for electricity spot prices, intended to capture:(i) the impacts of economic, technical, strategic …

This paper evaluates the impact of intermittent wind generation on hourly equilibrium prices
and output, using data on expected wind generation capacity and demand for 2020. Hourly …

Britain was the exemplar of electricity market reform, demonstrating the importance of
ownership unbundling and workable competition in generation and supply. Privatisation …

This article shows that generators exercised considerable market power in the England and
Wales wholesale electricity market in the late 1990s. This is surprising because static …

This paper compares two popular models of oligopolistic electricity markets, Cournot and the
Supply Function Equilibrium (SFE), and then tests which model best describes the observed …