Green Certificates and Market Power on the Nordic Power Market

被引：40

作者：

Amundsen, Eirik S. ^{[1
]}

Bergman, Lars ^{[2
]}

机构：

[1] Univ Bergen, Dept Econ, N-5007 Bergen, Norway

[2] Stockholm Sch Econ, SE-11383 Stockholm, Sweden

来源：

ENERGY JOURNAL | 2012年 / 33卷 / 02期

关键词：

Renewable energy; Electricity; Green certificates; Market power; Nordic power market; ELECTRICITY; IMPACTS; ENERGY;

D O I：

10.5547/01956574.33.2.5

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

The purpose of this study is to elucidate under which circumstances, how, and to what extent market power on a Tradable Green Certificates (TGC) market can be used to affect an entire electricity market. There are basically two reasons for being concerned with this. One is that a small number of companies may have exclusive access to first rate sites for wind power generation. The other is that withdrawal of a small number of TGCs implies a multiple reduction of electricity consumption, with corresponding increases of end user prices. We formulate both an analytical model to investigate economic principles and a numerical model based on that to investigate the Swedish TGC market operating in a setting of a common Nordic electricity market. The analysis shows that Swedish producers may exercise market power using the TGC-market but that this problem will be eliminated by opening the TGC-market for other Nordic countries.

引用

页码：101 / 117

页数：17

共 18 条

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