Title :
Simulating the impact of mergers on wholesale electricity prices
Author :
Yu, Z. ; Sparrow, F.T. ; Gotham, D.
Author_Institution :
Purdue Univ., West Lafayette, IN, USA
Abstract :
This paper evaluates the impact of mergers of electricity generation companies on wholesale electricity prices. A spatial gaming model, with the Cournot-Nash strategy, is used for the evaluation. The proposed merger evaluation method has certain advantages over the traditional HHI index for measuring potential market power of generators. Case studies are provided to illustrate the use of the model
Keywords :
commerce; electricity supply industry; game theory; power system economics; tariffs; Cournot-Nash strategy; case studies; electricity generation companies; merger evaluation method; mergers impact simulation; potential market power; spatial gaming model; wholesale electricity prices; Acceleration; Corporate acquisitions; Costs; Electricity supply industry; Electricity supply industry deregulation; Guidelines; Logic; Power generation; Power generation economics; Power measurement;
Conference_Titel :
Power Engineering, 2001. LESCOPE '01. 2001 Large Engineering Systems Conference on
Conference_Location :
Halifax, NS
Print_ISBN :
0-7803-7107-0
DOI :
10.1109/LESCPE.2001.941619
