Capacity Withdrawals in the Electricity Wholesale Market Between Com
This book examines the issue of capacity withdrawals in the electricity wholesale market. Electricity generators can exercise market power in the wholesale market either by withdrawing generation capacity, or by pricing above competitive levels in order t
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Panagiotis Tsangaris
Capacity Withdrawals in the Electricity Wholesale Market Between Competition Law and Regulation
Munich Studies on Innovation and Competition
Volume 7
Series Editors Josef Drexl, Germany Reto M. Hilty, Germany
More information about this series at http://www.springer.com/series/13275
Panagiotis Tsangaris
Capacity Withdrawals in the Electricity Wholesale Market Between Competition Law and Regulation
Panagiotis Tsangaris Max Planck Institute for Innovation and Competition Munich, Germany
ISSN 2199-7462 ISSN 2199-7470 (electronic) Munich Studies on Innovation and Competition ISBN 978-3-662-55512-5 ISBN 978-3-662-55513-2 (eBook) DOI 10.1007/978-3-662-55513-2 Library of Congress Control Number: 2017948283 © Springer-Verlag GmbH Germany 2017 This work is subject to copyright. All rights are reserved by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. The publisher, the authors and the editors are safe to assume that the advice and information in this book are believed to be true and accurate at the date of publication. Neither the publisher nor the authors or the editors give a warranty, express or implied, with respect to the material contained herein or for any errors or omissions that may have been made. The publisher remains neutral with regard to jurisdictional claims in published maps and institutional affiliations. Printed on acid-free paper This Springer imprint is published by Springer Nature The registered company is Springer-Verlag GmbH Germany The registered company address is: Heidelberger Platz 3, 14197 Berlin, Germany
‘Kαὶ σιωπὴ τὸ πoλὺ ἔστω ἢ λαλείσθω τὰ ἀναγκαῖα καὶ δι᾽ ὀλίγων’ ‘Keep silence for the most part, and speak only when you must, and then briefly’ Epictetus (Enchiridion 33.2)
Preface
This book is my doctoral dissertation written at the Max Planck Institute (MPI) for Innovation and Competition. I have been a doctoral student and a scholarship holder in a highly stimulating and demanding interdisciplinary law and economics doctoral programme (IMPRS-CI), offered by the MPI for Innovation and Competition and the Ludwig-Maximilian University of Munich, which aimed at supporting and promoting interdisciplinary research at the interface of law, economics and business administration in the area of competition law and intellectual property rights. Through the International Max Planck Research School for Competition and Innovation (IMPRS-CI), I
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