2004, English, Article, Working paper edition: Did English Generators Play Cournot? Capacity Withholding in the Electricity Pool Green, Richard J.

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Bookmark: http://trove.nla.gov.au/version/937
Physical Description
  • 1092563 bytes, application/​pdf
  • Working Paper
Published
  • 2004-06-16T16:05:46Z
  • 2004-02
Language
  • English

Edition details

Title
  • Did English Generators Play Cournot? Capacity Withholding in the Electricity Pool
Author
  • Green, Richard J.
Published
  • 2004-06-16T16:05:46Z
  • 2004-02
Physical Description
  • 1092563 bytes, application/​pdf
  • Working Paper
Subjects
Notes
  • Electricity generators can raise the price of power by withholding their plant from the market. We discuss two ways in which this could have affected prices in the England and Wales Pool. Withholding low-cost capacity that should be generating will raise energy prices but make the pattern of generation less efficient. This pattern improved significantly after privatisation. Withholding capacity that was not expected to generate would raise the Capacity Payments based on spare capacity. On a multi-year basis, these did not usually exceed �competitive� levels, the cost of keeping stations open. The evidence for large-scale capacity withholding is weak.
Language
  • English
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