|Title:||Overview of Electricity Market Monitoring|
Vol. 9, No 4, 2016
Published date: 12-2016 (print) / 12-2016 (online)
Economics & Sociology
ISSN: 2071-789X, eISSN: 2306-3459
|Keywords:||electricity, market monitoring, market power and performance, behavioral monitoring.|
|JEL classification:||E03, E37, O10, N70|
The main goal of this paper is to present various aspects of electricity market monitoring and to focus on the monitoring of economic parameters, placing a special emphasis on market power, market performance and behavioral monitoring. This paper provides a view of the monitoring and its components. It presents available monitoring techniques and further it indicates the need to modify the existing structure or to develop a new structure of the monitoring system based on new indices which could be used by both operator and market participants.