Green certificates and market power in the Nordic power market

Publikation: Bidrag til tidsskrift › Tidsskriftartikel › Forskning › fagfællebedømt

Standard

Green certificates and market power in the Nordic power market. / Amundsen, Eirik S; Bergman, Lars.

I: The Energy Journal, Bind 33, Nr. 2, 2012.

Publikation: Bidrag til tidsskrift › Tidsskriftartikel › Forskning › fagfællebedømt

Harvard

Amundsen, ES & Bergman, L 2012, 'Green certificates and market power in the Nordic power market', The Energy Journal, bind 33, nr. 2. https://doi.org/10.5547/01956574.33.2.5

APA

Amundsen, E. S., & Bergman, L. (2012). Green certificates and market power in the Nordic power market. The Energy Journal, 33(2). https://doi.org/10.5547/01956574.33.2.5

Vancouver

Amundsen ES, Bergman L. Green certificates and market power in the Nordic power market. The Energy Journal. 2012;33(2). https://doi.org/10.5547/01956574.33.2.5

Author

Amundsen, Eirik S ; Bergman, Lars. / Green certificates and market power in the Nordic power market. I: The Energy Journal. 2012 ; Bind 33, Nr. 2.

Bibtex

@article{9617b1cb83e44023b1046cee816ce0eb,
title = "Green certificates and market power in the Nordic power market",
abstract = "The purpose of this study is to elucidate under which circumstances, how, and to what extent market power on a Tradable Green Certificates (TGC) market can be used to affect an entire electricity market. There are basically two reasons for being concerned with this. One is that a small number of companies may have exclusive access to first rate sites for wind power generation. The other is that withdrawal of a small number of TGCs implies a multiple reduction of electricity consumption, with corresponding increases of end user prices. We formulate both an analytical model to investigate economic principles and a numerical model based on that to investigate the Swedish TGC market operating in a setting of a common Nordic electricity market. The analysis shows that Swedish producers may exercise market power using the TGC-market but that this problem will be eliminated by opening the TGC-market for other Nordic countries. ",
author = "Amundsen, {Eirik S} and Lars Bergman",
year = "2012",
doi = "10.5547/01956574.33.2.5",
language = "English",
volume = "33",
journal = "Energy Journal",
issn = "0195-6574",
publisher = "International Association for Energy Economics (I A E E)",
number = "2",

}

RIS

TY - JOUR

T1 - Green certificates and market power in the Nordic power market

AU - Amundsen, Eirik S

AU - Bergman, Lars

PY - 2012

Y1 - 2012

N2 - The purpose of this study is to elucidate under which circumstances, how, and to what extent market power on a Tradable Green Certificates (TGC) market can be used to affect an entire electricity market. There are basically two reasons for being concerned with this. One is that a small number of companies may have exclusive access to first rate sites for wind power generation. The other is that withdrawal of a small number of TGCs implies a multiple reduction of electricity consumption, with corresponding increases of end user prices. We formulate both an analytical model to investigate economic principles and a numerical model based on that to investigate the Swedish TGC market operating in a setting of a common Nordic electricity market. The analysis shows that Swedish producers may exercise market power using the TGC-market but that this problem will be eliminated by opening the TGC-market for other Nordic countries.

AB - The purpose of this study is to elucidate under which circumstances, how, and to what extent market power on a Tradable Green Certificates (TGC) market can be used to affect an entire electricity market. There are basically two reasons for being concerned with this. One is that a small number of companies may have exclusive access to first rate sites for wind power generation. The other is that withdrawal of a small number of TGCs implies a multiple reduction of electricity consumption, with corresponding increases of end user prices. We formulate both an analytical model to investigate economic principles and a numerical model based on that to investigate the Swedish TGC market operating in a setting of a common Nordic electricity market. The analysis shows that Swedish producers may exercise market power using the TGC-market but that this problem will be eliminated by opening the TGC-market for other Nordic countries.

U2 - 10.5547/01956574.33.2.5

DO - 10.5547/01956574.33.2.5

M3 - Journal article

VL - 33

JO - Energy Journal

JF - Energy Journal

SN - 0195-6574

IS - 2

ER -

ID: 164299084