For German coal and gas units (2019-2024), the hourly profitability of withholding or pushing in capacity predicts observed deviations from competitive dispatch, which the authors read as market power abuse.
We also include model sensitivity results by varying levels of hedge rate and changing the unit of account from per-megawatt to per-unit
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Market power abuse in wholesale electricity markets
For German coal and gas units (2019-2024), the hourly profitability of withholding or pushing in capacity predicts observed deviations from competitive dispatch, which the authors read as market power abuse.