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Capacity Withdrawals in the Electricity Wholesale Market

Between Competition Law and Regulation

  • Panagiotis┬áTsangaris

Part of the Munich Studies on Innovation and Competition book series (MSIC, volume 7)

Table of contents

  1. Front Matter
    Pages i-xi
  2. Panagiotis Tsangaris
    Pages 1-1
  3. Panagiotis Tsangaris
    Pages 3-35
  4. Panagiotis Tsangaris
    Pages 37-103
  5. Panagiotis Tsangaris
    Pages 105-154
  6. Panagiotis Tsangaris
    Pages 155-181
  7. Back Matter
    Pages 183-208

About this book

Introduction

This book examines the issue of capacity withdrawals in the electricity wholesale market. Electricity generators can exercise market power in the wholesale market either by withdrawing generation capacity, or by pricing above competitive levels in order to achieve a higher market price and, thereby, increase revenues. After a comprehensive explanation of capacity withdrawal practices and the issues that arise when proceeding under competition law, the book analyses whether an increased state of transparency, as provided for in the REMIT and Regulation 543/2013, could facilitate the efficient functioning of electricity wholesale markets and the investigation of capacity withdrawal practices. It also examines the effect of the prohibition of market manipulation as prescribed in the REMIT in dealing with abusive capacity withdrawals in the electricity wholesale market.

Keywords

Competition law enforcement Transparency Regulatory enforcement European energy sector Residual Supply Index RSI Withholding Capacity Index RWC

Authors and affiliations

  • Panagiotis┬áTsangaris
    • 1
  1. 1.Max Planck Institute for Innovation and CompetitionMunichGermany

Bibliographic information

  • DOI https://doi.org/10.1007/978-3-662-55513-2
  • Copyright Information Springer-Verlag GmbH Germany 2017
  • Publisher Name Springer, Berlin, Heidelberg
  • eBook Packages Law and Criminology
  • Print ISBN 978-3-662-55512-5
  • Online ISBN 978-3-662-55513-2
  • Series Print ISSN 2199-7462
  • Series Online ISSN 2199-7470
  • Buy this book on publisher's site