Valeri, Laura Malaguzzi and Walsh, Darragh (2014) Gaming in the Irish Single Electricity Market and Potential Effects on Wholesale Prices. ESRI WP488. August 2014. [Working Paper]
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Abstract
The Irish Single Electricity Market is establishing how to comply with the European Union Target Model. One option is to move away from the regulated environment used in the current design and allow generating firms to bid freely in the market. This study shows that in 2011, allowing firms to freely compete in quantities (Cournot) would have increased prices by 52%, using Irish-specific estimates for the price elasticity of demand. When redesigning the market, regulators should consider how best to control market power.
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| Item Type: | Working Paper |
|---|---|
| Subjects for non-EU documents: | EU policies and themes > Policies & related activities > energy policy (Including international arena) Countries > Ireland |
| Subjects for EU documents: | UNSPECIFIED |
| EU Series and Periodicals: | UNSPECIFIED |
| EU Annual Reports: | UNSPECIFIED |
| Series: | Series > Economic and Social Research Institute (ESRI), Dublin > ESRI Working Papers |
| Depositing User: | Alyssa McDonald |
| Official EU Document: | No |
| Language: | English |
| Date Deposited: | 10 Jul 2017 12:56 |
| Number of Pages: | 16 |
| Last Modified: | 10 Jul 2017 12:56 |
| URI: | http://aei.pitt.edu/id/eprint/88100 |
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