Market Power Issues in Liberalized Wholesale Electricity Markets: A Review of the Literature with a Look into the Future

2019 ◽  
Vol 129 (3) ◽  
pp. 325
Author(s):  
Thao Pham
Keyword(s):  
Market Power ◽  
Electricity Markets ◽  
Review Of The Literature ◽  
The Future ◽  
Wholesale Electricity Markets

The TC-PSI indicator for forecasting the potential for market power in wholesale electricity markets

Energy Policy ◽  
2011 ◽  
Vol 39 (10) ◽  
pp. 5988-5998 ◽  
Author(s):  
Mohammad R. Hesamzadeh ◽  
Darryl R. Biggar ◽  
Nasser Hosseinzadeh
Keyword(s):  
Market Power ◽  
Electricity Markets ◽  
Wholesale Electricity Markets

scholarly journals The Future of Centrally-Organized Wholesale Electricity Markets

2017 ◽  
Author(s):  
Craig Glazer ◽  
Jay Morrison ◽  
Paul Breakman ◽  
Allison Clements ◽  
Lisa Schwartz
Keyword(s):  
Electricity Markets ◽  
The Future ◽  
Wholesale Electricity Markets

scholarly journals Competition in Power Generation: Ex-ante Analysis of Indonesia’s Electricity Market

Energies ◽  
2020 ◽  
Vol 13 (24) ◽  
pp. 6741
Author(s):  
Dzikri Firmansyah Hakam ◽  
Sudarso Kaderi Wiyono ◽  
Nanang Hariyanto
Keyword(s):  
Power System ◽  
Market Structure ◽  
Market Power ◽  
Electricity Markets ◽  
Electricity Market ◽  
Regulatory Reform ◽  
Optimal Number ◽  
Load Flow ◽  
Utility Company ◽  
Competitive Electricity Markets

This research optimises the mix and structure of Generation Companies (GenCos) in the Sumatra power system, Indonesia. Market power, indicating the ability to raise prices profitably above the competitive level, tends to be a significant problem in the aftermath of electricity market restructuring. In the process of regulatory reform and the development of competitive electricity markets, it is desirable and practical to establish an efficient number of competitor GenCos. Simulations of a power system account for multi-plant mergers of GenCos subject to a regulatory measure of the Residual Supply Index and the influence of direct current load flow and the topology of the system. This study simulates the Sumatra power system in order to determine the following: optimal market structure, efficient GenCo generation mix, and the optimal number of competitive GenCos. Further, this study seeks to empirically optimise the electricity generation mix and electricity market structure of the Sumatra power system using DC load flow optimisation, market power index, and multi-plant monopoly analysis. The simulations include generation and transmission constraints to represent network constraints. This research is the first to analyse the Sumatra power system using imperfect (Cournot) competition modelling. Furthermore, this study is the first kind to optimise the mix and structure of the Sumatra generation power market. The guidelines and methodology in this research can be implemented in other countries characterised by a monopoly electricity utility company.

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