Managing Unilateral Market Power In Electricity
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Managing Unilateral Market Power in Electricity
Author | : Frank A. Wolak |
Publisher | : World Bank Publications |
Total Pages | : 27 |
Release | : 2005 |
Genre | : Electric power |
ISBN | : |
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"This paper first describes those features of the electricity supply industry that make a prospective market monitoring process essential to a well-functioning wholesale market. Some of these features are shared with the securities industry, although the technology of electricity production and delivery make a reliable transmission network a necessary condition for an efficient wholesale market. These features of the electricity supply industry also make antitrust or competition law alone an inadequate foundation for an electricity market monitoring process.
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