Back to Search
Start Over
Green Certificates and Market Power on the Nordic Power Market.
- Source :
-
Energy Journal . 2012, Vol. 33 Issue 2, p101-117. 17p. - Publication Year :
- 2012
-
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. [ABSTRACT FROM AUTHOR]
- Subjects :
- *ELECTRICITY
*EMISSIONS (Air pollution)
*ELECTRIC utilities
*ENERGY consumption
Subjects
Details
- Language :
- English
- ISSN :
- 01956574
- Volume :
- 33
- Issue :
- 2
- Database :
- Academic Search Index
- Journal :
- Energy Journal
- Publication Type :
- Academic Journal
- Accession number :
- 74482456
- Full Text :
- https://doi.org/10.5547/01956574.33.2.5