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dc.titleMarket Power in Electricity Generation Sector: A Review of Methods and Applications
dc.contributor.authorYépez-García, Ariel
dc.contributor.orgunitEnergy Division
dc.coverageChile
dc.coverageGuatemala
dc.coverageLatin America
dc.date.available2017-08-11T00:00:00
dc.date.issue2017-08-11T00:00:00
dc.description.abstractEnergy liberalization is commonly measured by the level of market competitiveness and price reductions. This review applies an alternative method, market power, to give a sense of firms’ pricing behaviors in the electricity generation market. In Both Guatemala and Chile, the ex post simulation approach suggests a slightly larger price markup ratio for firms with larger market share and more diversified generation technologies. Further, in Chile, the policy reform considering electrical supply bidding framework (Law No. 20.805) has been proved tentatively positive towards the mitigation of market power. With the hope of more data availability, this review also explores the possibilities to implement other measures of market power in LAC region as well as the data requirements for different methodologies.
dc.format.extent37
dc.identifier.doihttp://dx.doi.org/10.18235/0000894
dc.identifier.urlhttps://publications.iadb.org/publications/english/document/Market-Power-in-Electricity-Generation-Sector-A-Review-of-Methods-and-Applications.pdf
dc.language.isoen
dc.mediumAdobe PDF
dc.publisherInter-American Development Bank
dc.subjectEnergy Generation
dc.subjectElectricity Market
dc.subjectEnergy Supply
dc.subjectElectricity Generation
dc.subject.jelcodeD1 - Household Behavior and Family Economics
dc.subject.jelcodeD21 - Firm Behavior: Theory
dc.subject.jelcodeD43 - Oligopoly and Other Forms of Market Imperfection
dc.subject.jelcodeQ41 - Demand and Supply • Prices
idb.identifier.pubnumberPolicy Briefs
idb.operationRG-E1521
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