Draining the pool: the reform of electricity trading in England and Wales

被引：16

作者：

Green, R ^{[1
]}

机构：

[1] Univ Hull, Sch Econ Studies, Hull HU6 7RX, N Humberside, England

来源：

ENERGY POLICY | 1999年 / 27卷 / 09期

基金：

英国经济与社会研究理事会;

关键词：

electricity trading; electricity prices; power pools;

D O I：

10.1016/S0301-4215(99)00055-5

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

The British government has decided to abolish the "Pool", the electricity spot market in England and Wales, and replace it with a series of bilateral markets. The government believes that the Pool has been biased against coal-fired generators, and that its price-setting rule (all generators are paid the bid of the marginal unit) has inflated the level of prices. In practice, many of the perceived problems in the Pool are the result of market power, not the basic design of the Pool, which is capable of sending the right price signals to generators. Efficient bilateral markets could well produce similar results. Prices could rise, however, if buyers are more risk-averse, and less good at trading, than sellers. (C) 1999 Elsevier Science Ltd. All rights reserved.

引用

页码：515 / 525

页数：11