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Title: Generators' market power in Singapore's wholesale electricity market
Authors: GE CHANG
Keywords: Electricity Market, Market Power, Capacity Withholding
Issue Date: 2-Aug-2006
Citation: GE CHANG (2006-08-02). Generators' market power in Singapore's wholesale electricity market. ScholarBank@NUS Repository.
Abstract: Singapore electricity market has been under deregulation since mid 1990s. The underlying motive of the restructuring campaign is the belief that the privatized industry is more effective than the all-regulated market to achieve economic efficiency. However, as many researches have illustrated (Green & Newberry, 1992; Wolak & Patrick, 1996; Borenstain & Bushnell, 1999; Wolfram, 1999; Wolak, 2003), the success of the restructuring of the electricity market depends heavily on whether the market design could hedge the market power exercised by the generators. The objective of this paper is to trace the sources and identify possible exercise of the market power by the generation companies in Singapore's New Electricity Market. By analyzing the energy market price and generation capacity using a variety of methods, this research has found evidence of use of market power in Singaporea??s wholesale electricity market in 2003.
Appears in Collections:Master's Theses (Open)

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