Essays about: "Strategic Withholding"

Found 4 essays containing the words Strategic Withholding.

  1. 1. Understanding the Relation between Wind Power Output and Strategic Withholding through Production Failures: Evidence from Diversified Producers in Sweden

    University essay from Handelshögskolan i Stockholm/Institutionen för nationalekonomi

    Author : William Stålhök; Knut Örnéus; [2023]
    Keywords : Production Failures; Wind Power; Market Power; Strategic Withholding; Merit Order Effect;

    Abstract : Previous research provide partial evidence for electricity producers utilizing production failures to disguise the strategic withholding of capacity as well as evidence of diversified electricity producers counteracting the price-reducing effect of the merit order through capacity withholding. In this study, we investigate whether an increased supply of wind power affects the number of reported unplanned production failures among diversified producers in Sweden, thus suggesting this being one of the specific mechanisms with which producers counteract the merit order effect. READ MORE

  3. 2. Market Performance in the Nordic Electricity Market: An Analysis of Market Power during Energy Market Turbulence

    University essay from Lunds universitet/Ekonomisk-historiska institutionen

    Author : Simon Persson; [2023]
    Keywords : Business and Economics;

    Abstract : This paper analyzes the existence of market power on the Nordic electricity market between 2018-2022, and if the energy market turbulence caused by covid-19, and later deepened following the war in Ukraine affected producers' bidding behavior. Market power was tested using Cournot assumptions to see if producers withheld output strategically when demand was more inelastic. READ MORE

  4. 3. The Counteraction of the Merit Order Effect: Wind Power and Strategic Withholding on the Swedish Electricity Market

    University essay from Handelshögskolan i Stockholm/Institutionen för nationalekonomi

    Author : Joel Blanke; Gustav Tillman; [2019]
    Keywords : Electricity Markets; Market Power; Merit Order Effect; Nord Pool; Switching Regression Model;

    Abstract : One of the posited benefits of renewable energy in electricity markets is its potential to drive down prices - the merit order effect. However, diversified firms with both renewable and conventional energy production in their portfolios have an incentive to counteract such an effect by withholding their high cost production. READ MORE

  5. 4. Optimal Transmission Switchingfor Reducing Market Power Cost

    University essay from KTH/Elektriska energisystem

    Author : Maria Alejandra Noriega Odor; [2012]
    Keywords : ;

    Abstract : The conventional transmission planning tends to focus exclusively on efficiency benefit, allowing cheaper remote generation to have priority dispatch over expensivelocal generation (least cost approach). Because of this nowadays deregulatedmarkets face the problem that their systems affect the competitiveness of players,giving room for players to exercise market power. READ MORE