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Capacity Withdrawals in the Electricity Wholesale Market: Between Competition Law and Regulation: Munich Studies on Innovation and Competition, cartea 7

Autor Panagiotis Tsangaris
en Limba Engleză Hardback – 5 oct 2017
This book examines the issue of capacity withdrawals in the electricity wholesale market. Electricity generators can exercise market power in the wholesale market either by withdrawing generation capacity, or by pricing above competitive levels in order to achieve a higher market price and, thereby, increase revenues. After a comprehensive explanation of capacity withdrawal practices and the issues that arise when proceeding under competition law, the book analyses whether an increased state of transparency, as provided for in the REMIT and Regulation 543/2013, could facilitate the efficient functioning of electricity wholesale markets and the investigation of capacity withdrawal practices. It also examines the effect of the prohibition of market manipulation as prescribed in the REMIT in dealing with abusive capacity withdrawals in the electricity wholesale market.

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Specificații

ISBN-13: 9783662555125
ISBN-10: 3662555123
Pagini: 208
Ilustrații: XI, 208 p. 3 illus.
Dimensiuni: 155 x 235 mm
Greutate: 0.49 kg
Ediția:1st ed. 2017
Editura: Springer Berlin, Heidelberg
Colecția Springer
Seria Munich Studies on Innovation and Competition

Locul publicării:Berlin, Heidelberg, Germany

Cuprins

Introduction and Research Questions.- General Background.- Competition Law Enforcement.- Transparency.- Regulatory Enforcement.

Textul de pe ultima copertă

This book examines the issue of capacity withdrawals in the electricity wholesale market. Electricity generators can exercise market power in the wholesale market either by withdrawing generation capacity, or by pricing above competitive levels in order to achieve a higher market price and, thereby, increase revenues. After a comprehensive explanation of capacity withdrawal practices and the issues that arise when proceeding under competition law, the book analyses whether an increased state of transparency, as provided for in the REMIT and Regulation 543/2013, could facilitate the efficient functioning of electricity wholesale markets and the investigation of capacity withdrawal practices. It also examines the effect of the prohibition of market manipulation as prescribed in the REMIT in dealing with abusive capacity withdrawals in the electricity wholesale market.


Caracteristici

Explains and sheds light on the complex economic and legal issue of abuse of market power in the electricity wholesale market Draws a detailed and balanced picture of the interaction between general antitrust law and sector-specific energy regulation, and demonstrates how the one can affect the interests and compensate for the deficits of the other Takes a European-wide perspective by including in the analysis legal judgements and materials from several European jurisdictions