Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/81506
Authors: 
Fridolfsson, Sven-Olof
Tangerås, Thomas
Year of Publication: 
2008
Series/Report no.: 
IFN Working Paper 773
Abstract: 
We review the recent empirical research concerning market power on the Nordic wholesale market for electricity, Nord Pool. There is no evidence of blatant and systematic exploitation of system level market power on Nord Pool. However, generation companies seem from time to time able to take advantage of capacity constraints in transmission to wield regional market power. Market power can manifest itself in a number of ways which have so far escaped empirical scrutiny. We discuss investment incentives, vertical integration and buyer power, as well as withholding of base-load (nuclear) capacity.
Subjects: 
Electricity Markets
Deregulation
Market Power
Hydro Power
Transmission Constraints
JEL: 
L13
L94
Q41
Document Type: 
Working Paper

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