Contracting for the Second Best in Dysfunctional Electricity Markets

doi:10.1007/s11149-016-9313-7

Publication:
Contracting for the Second Best in Dysfunctional Electricity Markets

dc.contributor.author	Nikandrova, Arina
dc.contributor.author	Steinbuks, Jevgenijs
dc.date.accessioned	2017-01-11T18:23:23Z
dc.date.available	2017-01-11T18:23:23Z
dc.date.issued	2016-12-23
dc.description.abstract	Power pools constitute a set of sometimes complex institutional arrangements for efficiency-enhancing coordination among power systems. In many developing countries, where such institutional arrangements can’t be established over the short term, there still can be scope for voluntary electricity-sharing agreements among power systems. Using a particular type of efficient risk-sharing model with no commitment we demonstrate that second-best coordination improvements can be achieved with low to moderate risks of participants leaving the agreement. In the absence of an impartial market operator who can observe production fluctuations in connected power systems, establishing quasi-markets for trading excess electricity helps to achieve some cooperation in mutually beneficial electricity sharing.	en
dc.identifier.citation	Journal of Regulatory Economics
dc.identifier.doi	10.1596/25837
dc.identifier.uri	https://hdl.handle.net/10986/25837
dc.language.iso	en_US
dc.publisher	Springer
dc.rights	CC BY-NC-ND 3.0 IGO
dc.rights.holder	World Bank
dc.rights.uri	http://creativecommons.org/licenses/by-nc-nd/3.0/igo
dc.subject	electricity trade
dc.subject	risk sharing
dc.subject	self-enforcing
dc.subject	contracts
dc.subject	power systems
dc.title	Contracting for the Second Best in Dysfunctional Electricity Markets	en
dc.type	Journal Article	en
dc.type	Article de journal	fr
dc.type	Artículo de revista	es
dspace.entity.type	Publication
okr.associatedcontent	http://link.springer.com/article/10.1007%2Fs11149-016-9313-7 Journal website (version of record)
okr.associatedcontent	https://openknowledge.worldbank.org/handle/10986/19369 Working paper version (pre-print)
okr.date.disclosure	2017-12-23
okr.doctype	Publications & Research::Journal Article
okr.doctype	Publications & Research
okr.externalcontent	External Content
okr.identifier.doi	10.1007/s11149-016-9313-7
okr.identifier.doi	10.1596/25837
okr.identifier.report	112995
okr.language.supported	en
okr.peerreview	Academic Peer Review
okr.region.administrative	Africa
okr.region.administrative	Latin America & Caribbean
okr.region.administrative	South Asia
okr.region.geographical	Central America
okr.region.geographical	Latin America
okr.region.geographical	South Asia
okr.region.geographical	Southern Africa
okr.region.geographical	West Africa
okr.topic	Energy::Electric Power
okr.topic	Energy::Energy Markets
okr.topic	Energy::Energy Trade
okr.volume	(2016)