Analysis of Electricity Industry Liberalization in Great Britain: How Did the Bidding Behavior of Electricity Producers Change?

Sherzod Tashpulatov ()

CERGE-EI Working Papers from The Center for Economic Research and Graduate Education - Economics Institute, Prague

Abstract: Promoting competition among electricity producers is crucial for ensuring allocative efficiency and lower electricity prices. In this paper, I empirically examine the electricity market of England and Wales in order to analyze to what extent the regulatory reforms were successful in promoting competition among electricity producers during 1995-2000. This research provides further evidence of the effects of the reforms undertaken by the regulatory authority during the liberalization process and could be also of interest to countries that created their wholesale electricity markets similar to the original model of the England and Wales wholesale electricity market.

Keywords: liberalization; electricity markets; uniform price auction; market power (search for similar items in EconPapers)
JEL-codes: D21 D44 L90 L94 (search for similar items in EconPapers)
Date: 2010-09
New Economics Papers: this item is included in nep-ene, nep-eur and nep-reg
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Related works:
Journal Article: Analysis of electricity industry liberalization in Great Britain: How did the bidding behavior of electricity producers change? (2015)
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Persistent link: https://EconPapers.repec.org/RePEc:cer:papers:wp415

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