A Review of Liberalization and Modeling of Electricity Markets

Posted: 5 Oct 2009

See all articles by Hannes Weigt

Hannes Weigt

WWZ, Wirtschaftswissenschaftliche Fakultät der Universität Basel

Date Written: October 5, 2009

Abstract

This paper provides a review on the restructuring of electricity markets around the word including the UK, Norway, Continental Europe, and the US. The focus of this review lies on aspects of competitiveness and regulation in generation and transmission markets and market design, whereas distribution and retail are not pursued in detail. Furthermore, an overview about current modeling trends regarding liberalized electricity markets is provided including a classification according to mathematical principles and a taxonomy of research topics analyzed with modeling approaches.

Keywords: electricity, liberalization, restructuring, competition policy, international experiences, market modeling, UK, US, EU

JEL Classification: L94

Suggested Citation

Weigt, Hannes, A Review of Liberalization and Modeling of Electricity Markets (October 5, 2009). Available at SSRN: https://ssrn.com/abstract=1483228 or http://dx.doi.org/10.2139/ssrn.1483228

Hannes Weigt (Contact Author)

WWZ, Wirtschaftswissenschaftliche Fakultät der Universität Basel ( email )

Basel, 4051
Switzerland

HOME PAGE: http://fonew.unibas.ch/

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