Rafał Kasperowicz,

Poznan University of Economics and Business,

Poznań, Poland,

E-mail: rafal.kasperowicz@ue.poznan.pl

Reengineering of electricity market monitoring

Marcin Pinczyński,

Universidad Pontificia Comillas – ICAI,

Madrid, Spain,

E-mail: pinczynskimarcin@gmail.com

Aviral Tiwari,

Montpellier Business School,

Montpellier, France,

E-mail: aviral.eco@gmail.com

Łukasz Nawrot,

Poznan University of Economics and Business,

Poznań, Poland,

E-mail: l.nawrot@ue.poznan.pl

Abstract. The main goal of this paper is to present new indices and a new structure of the electricity market monitoring system. The proposed structure, along with the analytical methods and indices applied to this structure, could be used from the viewpoint of both market operator and market participants. This paper also describes, in a rather simplified manner, the algorithms of market monitoring on the case study of Spanish electricity market.

Received: March, 2017

1st Revision: July, 2017

Accepted: October, 2017

DOI: 10.14254/2071-789X.2017/10-4/14

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

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