Title :
Measuring reactive market power
Author :
Alvarado, Fernando L. ; Overbye, Thomas
Author_Institution :
Wisconsin Univ., Madison, WI, USA
fDate :
31 Jan-4 Feb 1999
Abstract :
Market power refers to conditions where the providers of a service can consistently charge prices above those that would be established by a competitive market. There are many well known definitions of market power, including indices intended to quantify the degree of market concentration of energy supplies. This paper explores a method by which one of the standard indices in market power analysis (the Herfindahl-Hirschman Index) can be used to measure reactive power market concentration. The proposed method is illustrated by means of a simple example
Keywords :
commerce; electricity supply industry; marketing; power system economics; reactive power; tariffs; Herfindahl-Hirschman Index; electricity service providers; market concentration degree; market power analysis; reactive market power measurement; Costs; Electric variables measurement; Electricity supply industry; Entropy; Guidelines; Measurement standards; Monopoly; Power measurement; Pricing; Reactive power;
Conference_Titel :
Power Engineering Society 1999 Winter Meeting, IEEE
Conference_Location :
New York, NY
Print_ISBN :
0-7803-4893-1
DOI :
10.1109/PESW.1999.747469
