Method to detect and measure potential market power on electricity markets using the concept of monopolistic energy

摘要

The existence of market power is a serious concern in modern electric energy markets. Systems and processes that monitor the trading is needed and much research and many proposals on how to deal with the problem have been introduced over the past couple of years. A challenge to all such methods is execution speed, since the identification of market power needs to be done in real-time as market prices are settled. To overcome this challenge the methods need to be simple, involving limited computational effort.