Market power in electricity supply

Author

David, A. Kumar ; Wen, Fushuan

Author_Institution

Dept. of Electr. Eng., Hong Kong Polytech.Univ., Kowloon, China

Volume

16

Issue

4

fYear

2001

fDate

12/1/2001 12:00:00 AM

Firstpage

352

Lastpage

360

Abstract

Restructuring of the power industry worldwide has brought the issue of market competitiveness to the forefront. While "vertical" market power has been limited by disaggregating generation and transmission, nondiscriminatory access to the transmission system by power suppliers, and the creation of the independent system operator (ISO), "horizontal" and localized market power still survives. In the last few years, the issue of a small number of generators exercising market power has received a great deal of attention, and much has been published on how to identify and mitigate such abuse by market management measures. This paper focuses on the analysis and mitigation of market power in electricity supply

Keywords

electricity supply industry; electricity supply; horizontal market power; independent system operator; localized market power; market competitiveness; market concentration; market management measures; market power; power industry restructuring; transmission system; vertical market power; Costs; Electricity supply industry; Energy management; ISO; Load management; Oligopoly; Power generation; Power industry; Power measurement; Power supplies;

fLanguage

English

Journal_Title

Energy Conversion, IEEE Transactions on

Publisher

ieee

ISSN

0885-8969

Type

jour

DOI

10.1109/60.969475

Filename

969475