Does market concentration affect wholesale electricity prices? An analysis of the Indian electricity sector in the COVID-19 pandemic context
Ashis Pradhan,
Sandhyarani Rout and
Imran Ahmed Khan
Utilities Policy, 2021, vol. 73, issue C
Abstract:
This study explores whether the market concentration affects the wholesale prices of electricity generation among Indian companies by drawing 15-min frequency data related to electricity production, wholesale prices, and electricity demand in August 2020 during the COVID-19 pandemic. The ARDL model estimates show a positive relationship between market concentration and wholesale energy prices. The study recommends the adoption of policies to reduce market concentration and enhance clean energy development.
Keywords: Market concentration; Electricity generation; Energy prices (search for similar items in EconPapers)
JEL-codes: L10 L11 Q41 (search for similar items in EconPapers)
Date: 2021
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Citations: View citations in EconPapers (4)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:juipol:v:73:y:2021:i:c:s0957178721001399
DOI: 10.1016/j.jup.2021.101305
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