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dc.contributor.authorMüsgens, Felixen
dc.date.accessioned2009-01-29T15:38:12Z-
dc.date.available2009-01-29T15:38:12Z-
dc.date.issued2004-
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
dc.language.isoengen
dc.publisher|aInstitute of Energy Economics at the University of Cologne (EWI) |cKölnen
dc.relation.ispartofseries|aEWI Working Paper |x04.03en
dc.subject.jelC61en
dc.subject.jelD43en
dc.subject.jelL13en
dc.subject.jelL94en
dc.subject.ddc330en
dc.subject.keywordMarket Poweren
dc.subject.keywordElectricity Marketsen
dc.subject.keywordEnergy Modellingen
dc.subject.stwElektrizitätswirtschaften
dc.subject.stwGrosshandelen
dc.subject.stwMarktmachten
dc.subject.stwSchätzungen
dc.subject.stwDeutschlanden
dc.titleMarket Power in the German Wholesale Electricity Market-
dc.typeWorking Paperen
dc.identifier.ppn38750558Xen
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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