Assessing Market Power in Deregulated Electricity Markets

Assessing Market Power in Deregulated Electricity Markets
Posted: 14 Jan 2017
Authors:
Suhonmesh Bose
Chenye Wu
Adam Wierman and Hamed Mohsenian-Rad
Primary Committee:
IEEE Smart Grid Newsletters
Pages: 3

Examples of market manipulation in deregulated power systems abound, and so we need to be able to identify market power and prevent its exercise. Market power analysis needs to be put on a firmer foundation, one that connects short-term and long-term perspectives and takes into account both economic fundamentals and the physical characteristics of transmission systems.

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