Abstract
The deregulation of the electricity power production system in many countries since the early 1990s has stimulated interest in the possibilities of producers behaving strategically. The classical implication of use of market power that production is reduced compared with perfect competition also holds for electricity markets being supplied by conventional thermal power. Typical base-load plants like nuclear power plants do not have the same physical opportunities because of long and expensive start-up and close-down times. Systems with a significant contribution from hydro power with storage of water have not been studied so much.
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© 2015 Springer Science+Business Media New York
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Førsund, F.R. (2015). Market Power. In: Hydropower Economics. International Series in Operations Research & Management Science, vol 217. Springer, Boston, MA. https://doi.org/10.1007/978-1-4899-7519-5_11
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DOI: https://doi.org/10.1007/978-1-4899-7519-5_11
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Publisher Name: Springer, Boston, MA
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Online ISBN: 978-1-4899-7519-5
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