Detecting and measuring market power in the Philippine wholesale electricity market

Maria Joy Abrenica ()

Philippine Review of Economics, 2009, vol. 46, issue 2, 5-46

Abstract: During the first quarter of commercial operation of the Philippine wholesale electricity market, an unexpected surge in clearing prices led to an investigation of public utilities accused of collusion. The paper examines the regulatory response to the first antitrust case in the electricity market. Using actual offers submitted by generators to the market operator and applying a variant of competitive benchmark analysis, the paper traces the price surge to strategic bidding and capacity withholding by public generators.

Keywords: market power; wholesale lectricity market; strategic bidding (search for similar items in EconPapers)
JEL-codes: L32 L44 L94 (search for similar items in EconPapers)
Date: 2009
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://pre.econ.upd.edu.ph/index.php/pre/article/view/2/669 (application/pdf)

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:phs:prejrn:v:46:y:2009:i:2:p:5-46

Access Statistics for this article

More articles in Philippine Review of Economics from University of the Philippines School of Economics and Philippine Economic Society Contact information at EDIRC.
Bibliographic data for series maintained by HR Rabe ().