residual demand

Market Power in a Hydro-Dominated Wholesale Electricity Market

Concerns about market power have led to regulatory constraints on the price-setting process in nearly all wholesale electricity markets around the world. We study the conditions that led to the exercise of market power in the Colombian wholesale …

Diagnosing the Causes of the Recent El Niño Event and Recommendations for Reform

In this report we identify the key drivers of observed market outcomes in the Colombian electricity supply industry during the fourth quarter of 2015 and first quarter of 2016, the time period covered by the most recent El Niño Event. We analyze how …

How Do Firms Exercise Unilateral Market Power? Empirical Evidence from a Bid-Based Wholesale Electricity Market

Merger Analysis in Restructured Electricity Supply Industries: The Proposed PSEG and Exelon Merger (2006)