A Review of Liberalization and Modeling of Electricity Markets

Hannes Weigt

MPRA Paper from University Library of Munich, Germany

Abstract: This paper provides a review on the restructuring of electricity markets around the word including the UK, Norway, Continental Europe, and the US. The focus of this review lies on aspects of competitiveness and regulation in generation and transmission markets and market design, whereas distribution and retail are not pursued in detail. Furthermore, an overview about current modeling trends regarding liberalized electricity markets is provided including a classification according to mathematical principles and a taxonomy of research topics analyzed with modeling approaches.

Keywords: electricity; liberalization; restructuring; competition policy; international experiences; market modeling (search for similar items in EconPapers)
JEL-codes: L94 (search for similar items in EconPapers)
Date: 2009-10
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Citations: View citations in EconPapers (7)

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:65651

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