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Revista de Economia Contemporânea

Print version ISSN 1415-9848On-line version ISSN 1980-5527

Abstract

HOCHSTETLER, Richard L.  and  CHO, João D.. ASSESSING COMPETITION IN BRAZIL’S ELECTRICITY MARKET IF BID-BASED DISPATCH WERE ADOPTED. Rev. econ. contemp. [online]. 2019, vol.23, n.2, e192322.  Epub Aug 26, 2019. ISSN 1980-5527.  https://doi.org/10.1590/198055272322.

Market simulation, based on structural characteristics, is a useful tool for ex-ante competition analysis of major market changes, such as: market liberalization, mergers and acquisitions, divestitures, and regulatory reforms. In this paper, Cournot-Nash simulation is used to evaluate the expected market equilibrium if the Brazilian electricity market were liberalized. A sensitivity analysis is utilized to evaluate how the market equilibrium is impacted by different factors, such as: different demand price elasticities, divestiture of the dominant market player, different initial equilibrium point and different hydro inflow scenarios.

Keywords : antitrust; electricity market; Cournot-Nash simulation.

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