@techreport{Musgens2004Market,
abstract = {This paper quantifies the degree of market power in the German wholesale
electricity market. A fundamental model is used to derive competitive marginal cost
estimators which are compared with observed electricity prices. Marginal costs are calculated
focusing on market fundamentals such as plant capacities, fuel prices, and load structures. In
addition, international power exchange and dynamic effects like start-up costs and hydro
storage plant dispatch are incorporated. The comparison of marginal costs and prices reveals
significant market power in the German electricity market, mainly exhibited during peak
periods. Producer surplus is significantly increased by market power.},
author = {Felix M\"{u}sgens},
copyright = {http://www.econstor.eu/dspace/Nutzungsbedingungen},
keywords = {C61; D43; L13; L94; 330; Market Power; Electricity Markets; Energy Modelling; Elektrizit\"{a}tswirtschaft; Grosshandel; Marktmacht; Sch\"{a}tzung; Deutschland},
language = {eng},
number = {04.03},
title = {Market Power in the German Wholesale Electricity Market},
type = {EWI Working Paper},
url = {http://hdl.handle.net/10419/23154},
year = {2004}
}
