The Increase-Decrease Game in Zonal Markets

04/21/2021 04:30 pm 04/21/2021 05:30 pm Australia/Melbourne The Increase-Decrease Game in Zonal Markets

The Increase-Decrease game is a type of electricity market manipulation which can take place in day-ahead markets with balancing markets and zonal pricing. In this webinar, Associate Professor Pär Holmberg will explain this phenomenon and discuss implications for policy and market design. His talk is particularly timely as Australia contemplates a significant redesign of its wholesale market and the introduction of locational marginal pricing to replace zonal pricing.

Speaker

Associate Professor Pär Holmberg, Research Institute of Industrial Economics (IFN), Sweden

A/Professor Holmberg was awarded PhDs in economics and in electric power engineering by Uppsala University (Sweden). He is a Senior Research Fellow of IFN and an associate of the Energy Policy Research Group (EPRG), University of Cambridge, and the Program on Energy and Sustainable Development (PESD) at Stanford University. Pär was previously a research fellow at Uppsala University and a research engineer at ABB Corporate Research. He was also an economics expert for the Stockholm Administrative Court of Appeal and worked on corporate taxation for the Ministry of Finance.

Event host

Associate Professor Guillaume Roger, Centre for Global Business (CGB), Monash Business School

A/Professor Roger is the founder and coordinator of the Australian Energy Markets Initiative (AEMI), which was introduced by CGB to spur academic research, policy formulation and industry engagement in the electricity sector in Australia. Guillaume also holds appointments as an Associate Director of the Monash Energy Institute and a Co-Director of the Grid Innovation Hub. His research focuses on incentive design and dynamic contracts under moral hazard and has been published in top field journals in economic theory.

Organised by

Centre for Global Business’ (CGB) Australian Energy Market Initiative (AEMI) (Monash Business School)

Monash Energy Institute (MEI)

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Register via Zoom

Event Details

Date:
21 April 2021 at 4:30 pm – 5:30 pm
Venue:
Online - Melbourne time
Categories:
Global Business; Australian Electricity Market Initiative 

Description

The Increase-Decrease game is a type of electricity market manipulation which can take place in day-ahead markets with balancing markets and zonal pricing. In this webinar, Associate Professor Pär Holmberg will explain this phenomenon and discuss implications for policy and market design. His talk is particularly timely as Australia contemplates a significant redesign of its wholesale market and the introduction of locational marginal pricing to replace zonal pricing.

Speaker

Associate Professor Pär Holmberg, Research Institute of Industrial Economics (IFN), Sweden

A/Professor Holmberg was awarded PhDs in economics and in electric power engineering by Uppsala University (Sweden). He is a Senior Research Fellow of IFN and an associate of the Energy Policy Research Group (EPRG), University of Cambridge, and the Program on Energy and Sustainable Development (PESD) at Stanford University. Pär was previously a research fellow at Uppsala University and a research engineer at ABB Corporate Research. He was also an economics expert for the Stockholm Administrative Court of Appeal and worked on corporate taxation for the Ministry of Finance.

Event host

Associate Professor Guillaume Roger, Centre for Global Business (CGB), Monash Business School

A/Professor Roger is the founder and coordinator of the Australian Energy Markets Initiative (AEMI), which was introduced by CGB to spur academic research, policy formulation and industry engagement in the electricity sector in Australia. Guillaume also holds appointments as an Associate Director of the Monash Energy Institute and a Co-Director of the Grid Innovation Hub. His research focuses on incentive design and dynamic contracts under moral hazard and has been published in top field journals in economic theory.

Organised by

Centre for Global Business’ (CGB) Australian Energy Market Initiative (AEMI) (Monash Business School)

Monash Energy Institute (MEI)

Register now

Register via Zoom