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dc.contributor.authorMüsgens, Felixen_US
dc.date.accessioned2009-01-29T15:38:12Z-
dc.date.available2009-01-29T15:38:12Z-
dc.date.issued2004en_US
dc.identifier.urihttp://hdl.handle.net/10419/23154-
dc.description.abstractThis 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.en_US
dc.language.isoengen_US
dc.publisheren_US
dc.relation.ispartofseriesEWI Working Paper 04.03en_US
dc.subject.jelC61en_US
dc.subject.jelD43en_US
dc.subject.jelL13en_US
dc.subject.jelL94en_US
dc.subject.ddc330en_US
dc.subject.keywordMarket Poweren_US
dc.subject.keywordElectricity Marketsen_US
dc.subject.keywordEnergy Modellingen_US
dc.subject.stwElektrizitätswirtschaften_US
dc.subject.stwGrosshandelen_US
dc.subject.stwMarktmachten_US
dc.subject.stwSchätzungen_US
dc.subject.stwDeutschlanden_US
dc.titleMarket Power in the German Wholesale Electricity Marketen_US
dc.typeWorking Paperen_US
dc.identifier.ppn38750558Xen_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
Appears in Collections:EWI-Arbeitspapiere, Energiewirtschaftliches Institut, Universität Köln

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