Capacity Withdrawals in the Electricity Wholesale Market Between Competition Law and Regulation

Description

This book examines the issue of capacity withdrawals in the electricity wholesale market. Electricity generators can exercise market power in the wholesale market either by withdrawing generation capacity, or by pricing above competitive levels in order to achieve a higher market price and, thereby, increase revenues. After a comprehensive explanation of capacity withdrawal practices and the issues that arise when proceeding under competition law, the book analyses whether an increased state of transparency, as provided for in the REMIT and Regulation 543/2013, could facilitate the efficient functioning of electricity wholesale markets and the investigation of capacity withdrawal practices. It also examines the effect of the prohibition of market manipulation as prescribed in the REMIT in dealing with abusive capacity withdrawals in the electricity wholesale market. Front Matter ....Pages i-xi Introduction and Research Questions (Panagiotis Tsangaris)....Pages 1-1 General Background (Panagiotis Tsangaris)....Pages 3-35 Competition Law Enforcement (Panagiotis Tsangaris)....Pages 37-103 Transparency (Panagiotis Tsangaris)....Pages 105-154 Regulatory Enforcement (Panagiotis Tsangaris)....Pages 155-181 Back Matter ....Pages 183-208