Procurement auctions for regulated retail service contracts in restructured electricity markets

Brown, David P.; Eckert, Andrew; Olmstead, Derek E. H.

doi:10.1016/j.eneco.2022.106387

Cited by 5 publications

(1 citation statement)

References 20 publications

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“…About the principle of accountability, PT Balai Lelang Serasi provides accountability from the start before bidders register to take part in the auction. This is reflected in the Auction Rules in the Open House section, which provide an opportunity for bidders to examine the physical and documents of the auction object before the auction begins (Brown et al, 2022). In terms of the Open House rules, checking the condition of auctioned objects can only be done during an open house, after that on auction day it is no longer permitted to inspect auctioned objects (Messer et al, 2017).…”

Section: Principle Of Accountability By Pt Balai Lelang Serasimentioning

confidence: 99%

The principle of accountability for the object of the auction held

Majid¹,

Adjie²

2022

Ekspose J. Penelit. Huk. dan Pendidik.

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This study aims to determine the principles of accountability owned by PT Balai Lelang Serasi. This study uses a normative juridical approach. The data collection technique used is documentation technique (literature study and scientific journal articles). The data analysis technique used is descriptive and critical analysis. The results of this study indicate that the principle of accountability owned by PT Balai Lelang Serasi can be seen from the provision of access to prospective bidders to check the physical condition and completeness of the auction object documents at the open house stage; obliges the prospective bidder to pay a security deposit which will later be returned to the bidder in accordance with what is stated on the registration form (auction participants must deposit a security deposit of Rp 5,000,000 (five million rupiah)/car and auction list as proof of commitment that the prospective bidder guarantees that he or she is willing to participate in the auction); and the auction winner is fully responsible for what he bids, and he wins.

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Section: Principle Of Accountability By Pt Balai Lelang Serasimentioning

confidence: 99%

The principle of accountability for the object of the auction held

Majid¹,

Adjie²

2022

Ekspose J. Penelit. Huk. dan Pendidik.

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Employing gain-sharing regulation to promote forward contracting in the electricity sector

Brown

Sappington²

2023

J Regul Econ

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Directional connectedness between the electricity prices and natural gas prices: evidence from Alberta’s electricity market

Oviedo-Gómez,

Londoño-Hernández,

Manotas-Duque

2024

SEF

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Purpose This study aims to assess volatility spillovers and directional connectedness between electricity (EPs) and natural gas prices (GPs) in the Canadian electricity market, based on a hydrothermal power generation market strongly dependent on exogenous variables such as fossil fuel prices and climatology factors. Design/methodology/approach The methodology is divided into two stages. First, a quantile vector autoregression model is used to evaluate the direction and magnitude of the influence between natural gas and electricity prices through different quantiles of their distributions. Second, a cross-quantilogram is estimated to measure the directional predictability between these prices. The data set consists of daily electricity and natural gas prices between January 2015 and December 2023. Findings The main finding shows that electricity prices are pure shock receivers of volatility from natural gas prices for the different quantiles. In this way, natural gas price fluctuations explain 0.20%, 0.98% and 22.72% of electricity price volatility for the 10th, 50th and 90th quantiles, respectively. On the other hand, a significant and positive correlation is observed in the high quantiles of the electricity prices for any natural gas price value. Originality/value The study described the risk to the electricity market caused by nonrenewable source price fluctuations and provided evidence for designing regulatory policies to reduce its exposure in Alberta, Canada. It also allows us to understand the importance of natural gas in the energy transition process and define it as the fundamental determinant of the electricity market dynamic.

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Procurement auctions for regulated retail service contracts in restructured electricity markets

Cited by 5 publications

References 20 publications

The principle of accountability for the object of the auction held

The principle of accountability for the object of the auction held

Employing gain-sharing regulation to promote forward contracting in the electricity sector

Directional connectedness between the electricity prices and natural gas prices: evidence from Alberta’s electricity market

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