Scandinavian Working Papers in Economics

Memorandum,
Oslo University, Department of Economics

No 05/1998: Competition in Electricity Spot Markets. Economic Theory and International Experience.

N.-H. von der Fehr and D. Harbord

Abstract: The main purpose of this survey paper is to consider the attempts that have been ,ade to apply economic theory snd empirical methods to the analysis of electricity markets, and to evaluate them in light of theoretical considerations and empirical evidence. We describe the key features of the markets in England and Wales, Norway and Australia in order to allow for a comparison of design issues and evaluation of competitive performance.

Keywords: COMPETITION; ELECTRICITY

JEL-codes: Q4; Q41; L1

58 pages, 1998

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