Loading...
Please wait, while we are loading the content...
Similar Documents
Electricity Pricing and Market Power: Evidence from the Hungarian Balancing Energy Market
| Content Provider | Semantic Scholar |
|---|---|
| Author | Paizs, László |
| Copyright Year | 2015 |
| Abstract | Abstract This paper presents an empirical analysis of the relationship between market structure and energy prices in the Hungarian balancing energy market. In Hungary, balancing energy is procured in two phases: firstly a reserve capacity auction is organized to select the generation capacities that are kept in reserve and available to the TSO in a specific day, and then a balancing energy auction is used to determine the dispatch order of reserved capacities in the hours of that day. Under this arrangement the winners of the reserve auctions and thereby the bidders in the balancing energy auctions change significantly form one day to the next. I exploit this variation in the bidding environment in the balancing energy auctions to identify the effect of market structure on prices. My empirical analysis focuses on the downward balancing market where generators submit bids for purchasing energy from the TSO. Consistently with the theoretical results in Fabra, von der Fehr, and Harbord [1], I find that the average purchasing price is positively affected by the number of bidders and the symmetry in capacity share distribution. |
| File Format | PDF HTM / HTML |
| DOI | 10.22618/TP.EI.20151.192003 |
| Alternate Webpage(s) | http://openaccess.dogus.edu.tr/bitstream/handle/11376/1102/Demsee.pdf;jsessionid=52BDAC203349CAF3E706F0B95AEF6510?sequence=1 |
| Alternate Webpage(s) | http://real.mtak.hu/34108/1/3.LaszloPaizs.pdf |
| Alternate Webpage(s) | http://openaccess.dogus.edu.tr/bitstream/handle/11376/344/9789944578912.pdf?isAllowed=y&sequence=1 |
| Alternate Webpage(s) | https://doi.org/10.22618/TP.EI.20151.192003 |
| Language | English |
| Access Restriction | Open |
| Content Type | Text |
| Resource Type | Article |
