On the Exploitation of Market Power in the Nordic Electricity Markets - The Case of Elsam
Univ. of Aarhus Economics Working Paper No. 2004-05
26 Pages Posted: 18 Jun 2008
Date Written: May 28, 2004
In this paper a test is made of whether the Danish electricity producer, Elsam partly or fully exploits its temporary dominant position in hours of congestion at the Nordic electricity market. There seems to be evidences suggesting that Elsam is successful in pursuing its objective of having a price in Western Denmark close to the maximum price of the surrounding and connected areas.
Keywords: Electricity markets, Objectives of the firm, exploitation of dominant positions
JEL Classification: L12, L21, L22, L94, C1
Suggested Citation: Suggested Citation