Marcin Pinczynski,

Universidad Pontificia Comillas – ICAI Madrid,

Madrid, Spain

pinczynskimarcin@gmail.com

OVERVIEW OF ELECTRICITY MARKET MONITORING

Rafał Kasperowicz,

 Poznan University of Economics, Poznan, Poland,

rafal.kasperowicz@ue.poznan.pl

Abstract.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.

Received: May, 2016

1st Revision: October, 2016

Accepted: November, 2016

DOI: 10.14254/2071-789X.2016/9-4/9

JEL Classification: Q4, E03, E37, O10, N70

Keywords: electricity, market monitoring, market power  and performance, behavioral monitoring.