TY  - JOUR
T1  - Analysis of the Electric Power Sector Restructuring in a Cost-Based Dispatch Environment
AU - , Irina Falconett AU - , Ken Nagasaka 
JO  - International Journal of Electrical and Power Engineering
VL  - 3
IS  - 2
SP  - 85
EP  - 93
PY  - 2009
DA  - 2001/08/19
SN  - 1990-7958
DO  - ijepe.2009.85.93
UR  - https://makhillpublications.co/view-article.php?doi=ijepe.2009.85.93
KW  - Restructuring process
KW  -electricity market
KW  -spot market
KW  -economic dispatch and ancillary services
AB  - Introduction of competition in the electricity supply industry has required several adjustments or in some cases significant improvements, depending on the original design and its implementation. This study analyzes the impact of private ownerships on the spot prices and market power in a system dominated by hydroelectric capacity based on the Panamanian electricity market data. Besides, we apply the Cournot-Nash equilibrium model to evaluate the generating company’s profit in an electricity market with cost-based dispatch. Despite the premise that competition in the wholesale market will lead to lower prices, it has been shown that the retail prices for residential consumers have gradually increased after the restructuring process.
ER  -