Title :
Regulatory and economic issues regarding the sub-markets in the Brazilian electricity industry
Author :
De Paiva Mendes, Dilcemar ; De Santana, Fidvaldo Alves
Author_Institution :
Brazilian Agency for Electr. Regul., ANEEL, Brazil
Abstract :
The purpose of this paper is to contribute to the discussion over regulatory and economic issues regarding the merger of sub-markets, which has been recently proposed for the Brazilian electricity industry. The results of the case studies have shown that the merger may lead to misleading or anti-economic locational signals, and that it can also produce a high opportunity for the exercise of market power by generators in the exporting sub-market.
Keywords :
power markets; power system economics; Brazilian electricity industry; economic issues; market power; regulatory issues; submarkets; Corporate acquisitions; Costs; Electricity supply industry; Industrial economics; Monopoly; Power generation; Power generation economics; Power system modeling; Power systems; Signal generators;
Conference_Titel :
Power Tech Conference Proceedings, 2003 IEEE Bologna
Print_ISBN :
0-7803-7967-5
DOI :
10.1109/PTC.2003.1304503
