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Integrating Energy Markets: Does Sequencing Matter?

dc.contributor.authorNeuhoff, Karsten
dc.contributor.authorNewbery, David
dc.date.accessioned2004-08-31T09:53:23Z
dc.date.available2004-08-31T09:53:23Z
dc.date.issued2004-07
dc.description.abstractThis paper addresses three questions that are relevant to integrating different regional transmission areas. Market integrating normally increases the number of competitors and should therefore reduce prices but the first section shows that prices could rise when the number of generators initially increases. Regulatory effort will also be affected by market integration. If the number of generators in either market is low, then our analysis suggests that the outcome depends on whether the regulators act independently or co-ordinate. Finally, if markets are gradually combined into larger units, the choice of transmission allocation (auctions or market coupling) will affect the prospects of making further gains and hence could lead to incomplete reform.en
dc.description.sponsorshipCambridge-MIT Instituteen
dc.format.extent909436 bytes
dc.format.mimetypeapplication/pdf
dc.identifier.doi10.17863/CAM.5190
dc.identifier.otherCWPE0442
dc.identifier.otherCMI Working Paper 48
dc.identifier.urihttp://www.dspace.cam.ac.uk/handle/1810/720
dc.identifier.urihttps://www.repository.cam.ac.uk/handle/1810/720
dc.language.isoen
dc.publisherFaculty of Economics
dc.relation.ispartofseriesCambridge Working Papers in Economics
dc.relation.ispartofseriesCMI Working Paper
dc.rightsAll Rights Reserveden
dc.rights.urihttps://www.rioxx.net/licenses/all-rights-reserved/en
dc.subjectWholesale electricity marketsen
dc.subjectMarket evolutionen
dc.subjectnetworksen
dc.subjectmarket monitoringen
dc.titleIntegrating Energy Markets: Does Sequencing Matter?en
dc.typeWorking Paperen

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