Monitoring of Market Power in the Iranian Electricity Market

Publish Year: 1397
نوع سند: مقاله کنفرانسی
زبان: English
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شناسه ملی سند علمی:

IEAC05_114

تاریخ نمایه سازی: 31 اردیبهشت 1398

Abstract:

Due to the global trends to restructuring, Iranian Electricity Market was inaugurated in 2003. Many rules have been created and changed during this period. Some of the changes were based on the assumption that market power exists in the market and have to be controlled. The focus of this article is on the detection of market power. This includes the detection of the potential for market power as well as the actual exercise of market power during summer and fall 2016-2017.First, RSI as a structural index has been applied to examine the potential for market power. Then, Lerner Index as a behavioral index is used to examine the actual conduct of companies, looking for evidence of the exercise of market power. RSI results indicate that the potential to examine market power has increased from 2016 to 2017. From summer 2017, the Iranian Electricity Market brought in new principles. These principles were made to control the examination of market power. Lerner results indicate that exercise of market power has increased during summer and decreased during fall. Thus, the principles were not successful during peak season.

Authors

Anahita Farsaei

Power market Expert, FIETCO (Mah-Taab Group)

Seyed Sadegh Nikoosepehr

CEO, FIETCO (Mah-Taab Group)