Market power and price control in the market of electric power

Рыночная сила и регулирование цен на рынке электрической мощности

Vasilyev, Mikhail (Васильев, Михаил) ()
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Vasilyev, Mikhail (Васильев, Михаил): Melentiev Energy Systems Institute of Russian Academy of Sciences, Siberian Branch

Ekonomicheskaya Politika / Economic Policy, 2014, vol. 6, 92-102

Abstract: The article describes a method of assessing market concentration, used to justify the regulation of prices on the market of electric power in Russia. Disadvantages of this method, leading to a reassessment of the market power of suppliers power. A modification of this method, which takes into account the ability to transfer power between the free flow zones. For the conditions of market power is illustrated by the use of an index of residual demand. Model calculation of the index of residual proposal modified to take account of network capacity and long-term contracts. Based on calculations by the example of the second price zone of the wholesale electricity market (Siberia) concluded the feasibility of deregulation of prices for a number of power suppliers. It is shown that the use of long-term contracts for the supply of electric power can be an effective tool of antitrust policy in the power industry.

Keywords: electricity; competitive capacity; regulation of prices; market concentration; the concentration index; an index of the residual offer (search for similar items in EconPapers)
Date: 2014
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