Divestiture of Generation Assets in the Electricity Pool of England and Wales: A Computational Approach to Analyzing Market Power

Christopher J Day and Derek W Bunn

Journal of Regulatory Economics, 2001, vol. 19, issue 2, 123-41

Abstract: The task of developing an adequate modeling approach to understanding strategic behavior in competitive electricity markets is still a major open research question. In this paper, we develop an approach based on computational modeling and simulation. We apply the new approach to analyzing the second round (1999) of capacity divestiture proposals, which the government and regulatory authorities in England and Wales required in order to improve the efficiency of the wholesale power market. In this context, we suggest that, for a second time, the level of market power may be underestimated and that although the proposed amount of divestiture is substantial, it may still be insufficient to avoid the need for further regulatory controls in the short term. Copyright 2001 by Kluwer Academic Publishers

Date: 2001
References: Add references at CitEc
Citations: View citations in EconPapers (40)

Downloads: (external link)
http://journals.kluweronline.com/issn/0922-680X/contents link to full text (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:kap:regeco:v:19:y:2001:i:2:p:123-41

Ordering information: This journal article can be ordered from
http://www.springer. ... on/journal/11149/PS2

Access Statistics for this article

Journal of Regulatory Economics is currently edited by Menaham Spiegel

More articles in Journal of Regulatory Economics from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().