The Electricity Contract Market in England and Wales

By Richard Green. 2003

405 citations recorded by the source corpus.

Subfields: Electrical and Electronic Engineering, Finance

View Paper: https://www.semanticscholar.org/paper/71bc1f58bae7bf9366ad62d997398421a731211f

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Citations in the corpus

Competition in Electricity Markets with Renewable Energy Sources (2017, background): “Green (1999) studies the role of forward contracts with linear supply functions, while Mahenc and Salanie (2004) focus on forward contracts in differentiated Bertrand competition in the spot market, the ability to sign forward contracts can reduce competition.”
Capacity Constrained Supply Function Equilibrium Models of Electricity Markets: Stability, Non- decreasing constraints, and Function Space Iterations (2002, background): “Alternatively, we can imagine that there has been some forward contracting of baseload capacity [22, 29].”
Oligopolistic Competition in Power Networks: A Conjectured Supply Function Approach (2002, background): “In addition, these definitions omit the effect of financial contracts upon marginal revenues [29].”
Supply Function Equilibrium in Electricity Spot Markets with Contracts and Price Caps (2005, background): “Suppose that S satisfies (10) throughout the region ∗.”
Market Power in the England and Wales Wholesale Electricity Market 1995-2000 (2004, positive): “Static oligopoly models with contracts (e.g., Newbery (1998) and Green (1999)) and without contracts (e.g., Green and Newbery (1992) and von der Fehr and Harbord (1993)) have been used to predict or explain Pool prices. where the pattern of increasing market power and declining market concentration…”
Strategic Supply Function Competition with Private Information (2008, neutral): “5 In our modeling the supply functions are smooth (the old English pool was modeled like this by Green and Newbery (1992) and Green (1996, 1999)) while typically supplies are discrete.”
Optimizing demand-side bids in day-ahead electricity markets (2006, methodology): “One way of simplifying this game is to assume that the day-ahead price will equal the expected regulating price (as done in the seminal work of Allaz and Vila [1] under a perfect foresight assumption, and in the electricity context by [9], [10], and [13]).”
Forecasting Electricity Prices (2003, background): “This focus is distinct from the large research literature on ex ante economic modeling of electricity markets, using stylized game theoretic or simulation methods, to understand the price implications of various market designs, or equilibrium conditions, but where it is generally recognised that acc”
The Impact of the EU ETS on Prices, Profits and Emissions in the Power Sector: Simulation Results with the COMPETES EU20 Model (2010, background): “2 The basic transmission-constrained Cournot formulation underlying COMPETES was first presented in Hobbs (2001). COMPETES itself, including alternative transmission pricing formulations, is presented and applied in Hobbs et al.”
What explains the short-term dynamics of the prices of CO2 emissions? (2014, background): “First, the electricity markets worldwide are characterized by excessive market power concentration, inelastic demand and high prices which are particularly subject to government regulations in both the wholesale and retail sectors (e.g., Green, 1999; Wolfram, 1999; Ciarreta and Espinosa, 2012).”
Why Did British Electricity Prices Fall after 1998 (2003, background): “Sweeting (2004) finds that mark-ups in a given quarter are generally higher when there is little spare capacity.”
Vertical Arrangements, Market Structure, and Competition An Analysis of Restructured U.S. Electricity Markets (2008, background): “Evans and Green (2003) address questions of the importance of market rules in the context of a dramatic rule change in England and Wales.”
Supply function equilibrium bidding strategies with fixed forward contracts (2005, background): “lower price than their marginal cost to buy energy from the spot market, which is again consistent with [4], [5], and [20].”