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Article Title: A blocked takeover in the Polish power sector: A model-based analysis
Specialization Codes: 11 - Energy and the Economy, 11.2 - Economic Growth and Energy Demand, 13 - Energy Security and Geopolitics, 13.2 - Energy Security, 3 - Coal, 3.4 - Markets and Prices, 3.5 - Policy and Regulation, 6.10 - Policy and Regulation, 6.7 - Markets and Prices,
Authors: Jacek Kaminski
Publication Date: 11 October 2013
Description: As the President of the Office of Competition and Consumer Protection refused to approve a government initiated takeover in the Polish power sector and the Court of Competition and Consumer Protection did not make a ruling on that case, the takeover was finally prohibited. In this context, the main aim of this paper is to carry out a quantitative analysis of the impact of the takeover in question on electricity prices and quantities, consumer and producer surpluses, dead weight loss and emissions. The scope of the study covers the Polish power generation sector and the analysis was carried out for 2009. A game theory-based electricity market equilibrium model developed for Poland was applied. The model includes several country-specific conditions, such as a coal-based power generation fuel-mix, a large share of biomass co-combustion, etc. For the sake of clarity, only four scenarios are assumed. The paper concludes that the declared synergy savings did not compensate for the increase in dead weight loss and the transfer of surplus from consumers to producers caused by increased market power.
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