Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/90714
Authors: 
von der Fehr, Nils-Henrik M.
Year of Publication: 
2013
Series/Report no.: 
Memorandum, Department of Economics, University of Oslo 13/2013
Abstract: 
The European Commission is introducing new regulations on submission and publication of data in electricity markets (SPDEM) and on wholesale energy market integrity and transparency (REMIT). I discuss issues relevant for undertaking an evaluation such regulations. I argue that, for market performance, more information is not always better; indeed, more information may undermine market performance by facilitating behaviour that is either not cost efficient or aims at exercising market power or establishing and maintaining collusion. Moreover, ensuring rational economic behaviour and an efficient and competitive market outcome does not require general access to information at a very detailed level or with a high degree of immediacy. I conclude that to achieve the aims of efficiently functioning wholesale electricity markets, fair and non-discriminatory access to data and a coherent and consistent view of the European wholesale electricity market, it does not seem advisable to go quite so far with respect to immediacy and detail as intended by the new regulations.
Subjects: 
electricity
market performance
information
transparency
regulation
JEL: 
D40
D80
K21
L10
L40
L51
L94
Document Type: 
Working Paper

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