Real‐time versus day‐ahead market power in a hydro‐based electricity market

Thomas Tangerås () and Johannes Mauritzen ()

Journal of Industrial Economics, 2018, vol. 66, issue 4, 904-941

Abstract: This paper develops a theoretical framework to analyze the link between real‐time and day‐ahead competition in a hydro‐based wholesale electricity market. Predictions of the model are tested on a detailed data set of trades and prices from the Nordic power exchange, Nord Pool. We study market performance before and after a reform that increased the number of price areas (local markets) in Sweden, and reject the hypothesis of perfect competition in some of the Swedish price areas. Our results suggest that firms exercised some local market power during the sample period.

Date: 2018
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Citations: View citations in EconPapers (11)

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https://doi.org/10.1111/joie.12186

Related works:
Working Paper: Real-time versus Day-ahead Market Power in a Hydro-based Electricity Market (2014)
Working Paper: Real-time versus day-ahead market power in a hydro-based electricity market (2014)
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Persistent link: https://EconPapers.repec.org/RePEc:bla:jindec:v:66:y:2018:i:4:p:904-941

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