Market power in electricity supply

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 crea...

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Bibliographic Details
Published in:IEEE transactions on energy conversion 2001-12, Vol.16 (4), p.352-360
Main Authors: Kumar David, A., Fushuan Wen
Format: Article
Language:English
Subjects:
Company structure
Costs
Electric power generation
Electricity
Electricity supply industry
Energy management
ISO
Load management
Management
Markets
Oligopoly
Operators
Power generation
Power industry
Power measurement
Power supplies
Suppliers
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Summary: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.
ISSN:0885-8969
1558-0059
DOI:10.1109/60.969475