Market Design and Price Behavior in Restructured Electricity Markets: An International Comparison

By F. Wolak. 2000

198 citations recorded by the source corpus.

Subfields: Electrical and Electronic Engineering, Management Science and Operations Research

View Paper: https://www.semanticscholar.org/paper/e2ed0388ff6256668b99e70e8c319fc90921018a

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In Electrical and Electronic Engineering

In Management Science and Operations Research

Citations in the corpus

Electricity Prices and Power Derivatives: Evidence from the Nordic Power Exchange (2000, background): “In Section 3 we provide a thorough 2 Other papers that have studied the behavior of the Nord Pool spot prices with different objectives include Wolak (1997) and Johnsen et al. (1999).”
Using extreme value theory to measure value-at-risk for daily electricity spot prices (2006, background): “Wolak (1997) notes that electricity price behaviour is affected by how the electricity is generated.”
Paying the Price for Unreliable Power Supplies: In-House Generation of Electricity by Firms in Africa (2009, background): “Small-scale operators were found to be most heavily affected by the infrastructure failures.4 1 See, for example, Christensen and Greene (1976), Joskow (1987), and Wolak (2001).”
Electricity markets around the world (2018, background): “Wolak (2000) analyzes the early markets in England and Wales, New Zealand, Victoria, and the Scandinavian Nordpool market according to their deregulation and price behavior.”
Electricity Market Reform in the European Union: Review of Progress toward Liberalization &Integration* (2005, background): “Reforming countries have adopted different market models and these have evolved in stages, reflecting a learning process and a reminder that liberalisation remains a work in progress (Joskow, 2003b; Wolak, 2001 ).”
Stochastic modeling of financial electricity contracts (2008, background): “Examples are Wolak [58], Knittel and Roberts [36], Escribano et al. [16], Leon og Rubia [40] and Guthrie and Videbeck [24].”
Modelling Electricity Prices: International Evidence (2002, background): “Wolak (1997) also pointed out the effect that regulation and market microstructure rules have on the behavior of electricity prices.”
Equilibrium Investment Strategies and Output Price Behavior: A Real-Options Approach (2003, result): “Our result that output price volatility is increasing in the number of firms in the industry is consistent with the cross-country evidence on electricity prices of Wolak (1997).”
Evaluating the evidence on electricity reform: Lessons for the South East Europe (SEE) market (2009, background): “Jamasb et al. (2004) summarise the econometric evidence contained in Wolak (1997) , Zellner and Henisz (2000), Bacon and Besant-Jones (2001), Drillisch and Reichmann (1998), Holborn (2001), Siniscalo et al. (2001), Ruffin (2003), Bergara et al. (1997) and Zhang et al. (2002).”
Electricity Restructuring: Deregulation or Reregulation? (2000, background): “Catherine Wolfram finds that prices exceeded competitive levels by around 20-25% in the England and Wales pool and Borenstein, Bushnell and Wolak (2000) estimate that energy purchase costs in California averaged about 14% above competitive levels during 1998 and 1999.”
Demise of the standard model for power sector reform and the emergence of hybrid power markets (2008, background): “These factors prompted a move toward private participation and competition (for the non-natural monopoly components of the system), which was expected would yield improved and less costly electricity supply (Bacon, 1995b, p. 121; Wolak, 1998, p. 81).”