Position of Large Power Producers in Electricity Markets of North Western Europe
نویسنده
چکیده
For a discussion among experts on the strategic behaviour of energy companies the position of large power producers in electricity markets in northwestern Europe is investigated. This report describes how power markets in European Member States are restructured due to the liberalisation process and how these markets function. Subsequently, the market positions of large power producers are analysed. In current power markets, large power producers seem to profit from the inheritance of national energy policy from the past. Furthermore, market incumbents seem to be able to maintain their position by raising market entry barriers and can gain profit from this advantageous position. The report also analyses factors that may influence the position of large power producers, such as market regulation, expansion of interconnector capacity, environmental regulation and technical innovation.
منابع مشابه
How Does Large-scale Wind Power Generation Affect Energy and Reserve Prices?
Intermittent nature of wind power faced ISO and power producers with new challenges. Wind power uncertainty has increased the required reserve capacity and deployment reserve. Consequently, large-scale wind power generation increases ISO costs and consequently reserve prices. On the other hand, since wind power producers are price taker, large-scale wind power generation decreases residual dema...
متن کاملEastern Enlargement and Western Labor Demand
The closer integration with Central and Eastern Europe and the emergence of China and India as producers for the world market has created concerns about the consequences for the labor markets in the West. The most commonly expressed concern is that the increased competition from low-wage countries leads to job losses in the high-wage economies in Western Europe and North America. Whereas this c...
متن کاملDevelopment of Reinforcement Learning Algorithm to Study the Capacity Withholding in Electricity Energy Markets
This paper addresses the possibility of capacity withholding by energy producers, who seek to increase the market price and their own profits. The energy market is simulated as an iterative game, where each state game corresponds to an hourly energy auction with uniform pricing mechanism. The producers are modeled as agents that interact with their environment through reinforcement learning (RL...
متن کاملA New Approach for Accurate Pricing of Reactive Power and Its Application to Cost Allocation in Deregulated Electricity Markets
Reactive power management plays an essential role in the secure operation of the power system as an ancillary service. Although in electricity markets, the particular attention is paid to active power, the reactive power also plays an important on total generation costs of electricity. On the other hand, as it is mainly confined to local consumption, to avoid market power and maintain the se...
متن کاملImpact of Participants’ Market Power and Transmission Constraints on GenCos’ Nash Equilibrium Point
Unlike perfect competitive markets, in oligopoly electricity markets due to strategic producers and transmission constraints GenCos may increase their own profit through strategic biddings. This paper investigates the problem of developing optimal bidding strategies of GenCos considering participants’ market power and transmission constraints. The problem is modeled as a bi-level optimizati...
متن کامل