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

Thomas Tangerås () and Johannes Mauritzen ()
Additional contact information
Johannes Mauritzen: Dept. of Business and Management Science, Norwegian School of Economics, Postal: NHH , Department of Business and Management Science, Helleveien 30, N-5045 Bergen, Norway, http://www.nhh.no/Default.aspx?ID=11318

No 2014/6, Discussion Papers from Norwegian School of Economics, Department of Business and Management Science

Abstract: We analyse in a theoretical framework the link between real-time and day-ahead market performance in a hydro-based and imperfectly competitive wholesale electricity market. Theoretical predictions of the model are tested on data from the Nordic power exchange, Nord Pool Spot (NPS).We reject the hypothesis that prices at NPS were at their competitive levels throughout the period under examination. The empirical approach uses equilibrium prices and quantities and does not rely on bid data nor on estimation of demand or marginal cost functions.

Keywords: Hydro power; market power; Nord Pool Spot (search for similar items in EconPapers)
JEL-codes: D43 D92 L13 L94 Q41 (search for similar items in EconPapers)
Pages: 25 pages
Date: 2014-02-28
New Economics Papers: this item is included in nep-com and nep-ene
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Citations: View citations in EconPapers (1)

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Related works:
Journal Article: Real‐time versus day‐ahead market power in a hydro‐based electricity market (2018)
Working Paper: Real-time versus Day-ahead Market Power in a Hydro-based Electricity Market (2014)
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