Why has the Nordic electricity market worked so well?

被引:61
|
作者
Amundsen, Eirik S. [1 ,2 ]
Bergman, Lars [3 ]
机构
[1] Economics Department, University of Bergen
[2] Institute of Food and Resource Economics, The Royal Veterinary and Agricultural University, Copenhagen
[3] Stockholm School of Economics, SE-113 83 Stockholm
关键词
California electricity market; Market power; Nordic electricity market; Supply shock;
D O I
10.1016/j.jup.2006.01.001
中图分类号
C [社会科学总论];
学科分类号
03 ; 0303 ;
摘要
The purpose of this paper is to explore why the Nordic electricity market has worked quite well and to consider to what extent the Nordic experiences are relevant for other countries. In particular, we investigate causes as to why the Nordic market managed to withstand the supply shock in 2002-2003. A comparison is made with the California case, and the potential problem of market power abuse is investigated in particular. The relatively successful electricity market reform in the Nordic countries seems to be attributable to the followings: a simple but sound market design, a successful dilution of market power, a strong political support for deregulation and voluntary, informal commitment to public service by the power industry. © 2006 Elsevier Ltd. All rights reserved.
引用
收藏
页码:148 / 157
页数:9
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