Measuring competitiveness of the EPEX spot market for electricity

  title={Measuring competitiveness of the EPEX spot market for electricity},
  author={Christoph Graf and David Wozabal},
The issue of market concentration in electricity markets and resulting possible anti-competitive behavior of producers is a much discussed topic in many countries. We investigate the day-ahead market for electricity at the EPEX, the largest central European market for electricity. To analyze whether generating companies use their market power to influence prices, we use a conjectural variations approach as well as a direct approach to construct marginal costs of electricity production. Given… CONTINUE READING

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