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Market definition and dominant position abuse under the new electricity trading arrangements in England and Wales

机译:英格兰和威尔士新电力交易安排下的市场定义和主导地位滥用

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摘要

The electricity regulator in England and Wales has published a consultation paper on the application of the UK Competition Act 1998 to the energy sectors. The consultation is vital: the law and economics of detecting anti-trust violation in energy are still evolving in both the US and Europe. At the heart of anti-trust analysis are the reasons why prices deviate from marginal cost: scarcity rent, (static) market power, and (dynamic) tacit collusion. Under the new electricity trading arrangements (NETA) market definition could by quite confusing, and the absence of an indicator of locational value clouds the signals for investments in generation and transmission.
机译:英格兰和威尔士的电力监管机构已发布了一份有关《 1998年英国竞争法》在能源领域的适用情况的咨询文件。磋商至关重要:在美国和欧洲,检测能源中违反反托拉斯法的法律和经济学仍在发展。反托拉斯分析的核心是价格偏离边际成本的原因:稀缺租金,(静态)市场支配力和(动态)默契合谋。在新的电力交易安排(NETA)下,市场定义可能会非常混乱,而且缺乏位置价值指标会遮盖发电和输电投资的信号。

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