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A major concern in the design of wholesale electricity markets is the potential for the exercise of market power by generating unit owners. To better understand the determinants of generating unit...
Such generators possess ‘local’ monopoly power, and in deregulated settings have frequently been able to extract significant rents from their advantageous locations within a power system. Sinc...
The purpose of this paper is to present a general framework for electricity market design in Latin American Countries (LACs) that addresses the current problems facing electricity supply industrie...
This report responds to the Terms of Reference (TOR) attached to the end of this document as an appendix. The objective of the TOR is “to identify an action plan for activities to be undertaken by...
This report was commissioned by the Camara de Comercialização de Energia Elétrica (CCEE), the market operator for the Brazilian electricity supply industry, to study the options for shor...
This paper identifies the major political and economic constraints that impact the demandside of electricity industry re-structuring processes. It then describes how these constraints have been addre...
The Superintendencia de Servicios Públicos (SSPD) has asked me to analyze and comment on a number of issues relating to the performance and monitoring of the Colombian Electricity Supply Industry....
This report proposes an ancillary services payment mechanism for the Chilean electricity supply industry. This is accomplished in three steps. The first section presents a set of economic principl...
This report proposes an ancillary services payment mechanism for the Chilean electricity supply industry. This is accomplished in three steps. The first section presents a set of economic principl...
Thank you for the opportunity to speak on retail electricity market design. The primary goal of this process should be to create a retail market infrastructure that enhances rather than detracts fro...
In the extreme cases mentioned above [industry re-structuring of the form implemented in the United Kingdom], many of the dispatch and scheduling methods we are going to discuss will need to be re-t...
We specify a structural asymmetric vector error-correction model to identify and estimate the demand and supply functions in hourly day-ahead wholesale electricity markets. In doing so, we provide, in...
The study is motivated by the question “what is the optimal tariff design?” While we do not offer an answer to this question, we use the different designs in four select countries to illuminate the is...
This paper investigates the short- and long-run causality issues between electricity consumption and economic growth in Korea by using the co-integration and error-correction models. It employs annual...
This article explains how the Swedish state-owned electricity company Vattenfall managed to become the most successful foreign player on the German electricity market. It does so by providing an in-de...

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