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Erschienen in:
2017 | OriginalPaper | Buchkapitel
1. Introduction and Research Questions
verfasst von : Panagiotis Tsangaris
Erschienen in: Capacity Withdrawals in the Electricity Wholesale Market
Verlag: Springer Berlin Heidelberg
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Abstract
In electricity wholesale markets market power is mainly exercised either by withdrawing generation capacity (physical withdrawal) or by pricing above competitive levels (economic withdrawal) in order to achieve a higher market price and, thereby, increase revenues. Capacity withdrawal practices can be very harmful for the market and consumers. Thus, the ability of competent authorities to intervene against practices of physical and economic withholding of capacity is crucial. In Chap. 2, the capacity withdrawal practices are put into context and explained and the general background is set out.