Capacity Withdrawals in the Electricity Wholesale Market

Between Competition Law and Regulation

Nonfiction, Reference & Language, Law, International, Business & Finance, Industries & Professions, Industries
Cover of the book Capacity Withdrawals in the Electricity Wholesale Market by Panagiotis Tsangaris, Springer Berlin Heidelberg
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Author: Panagiotis Tsangaris ISBN: 9783662555132
Publisher: Springer Berlin Heidelberg Publication: August 30, 2017
Imprint: Springer Language: English
Author: Panagiotis Tsangaris
ISBN: 9783662555132
Publisher: Springer Berlin Heidelberg
Publication: August 30, 2017
Imprint: Springer
Language: English

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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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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