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- W2373445098 abstract "In the electricity market,electricity is sold simultaneously through spot market,metaphase and long-term contracts.Contracts for differences are important metaphase and long-term contracts.This paper analyses the influence of contracts for differences upon the market for the manufacturers through a Cournot model.It concludes that in a certain period of time,contracts for differences of the electricity market bring down the profit of the firms as well as cancel the stimulating policies aiming at the improvement of spot electric prices of the firms,thus help to improve the efficiency of the market. However,in the dynamic environment of infinite repeated game,contracts for differences accelerate the collusion of a couple of firms,and thus render the market less competitive.The regulation organization can eliminate the collusion effect by placing the limit of minimum in the contract for differences." @default.
- W2373445098 created "2016-06-24" @default.
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- W2373445098 date "2006-01-01" @default.
- W2373445098 modified "2023-09-23" @default.
- W2373445098 title "The Collusion Effect of Contracts for Differences in the Electricity Market" @default.
- W2373445098 hasPublicationYear "2006" @default.
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