%0 Journal Article
%T Deregulated Electricity Market and Auctions: The Italian Case
%A Luca Grilli
%J iBusiness
%P 238-242
%@ 2150-4083
%D 2010
%I Scientific Research Publishing
%R 10.4236/ib.2010.23030
%X The Electricity Market (in Europe) undergoes a period of transformations never seen before. The competitive model suggested by the European Commission is based on a gradual increase in the classes of consumers able to choice, freely, their providers. In general, liberalization, deregulation, competition result in a spur to development and low prices for consumers. The Electricity Market isn¡¯t likely to follow such a rule. Electricity Markets are best described and analyzed as first-price multi-unit procurement iterated auctions. In this paper we present an analysis of the Italian case in order to show the effects of deregulation on final prices for users.
%K Electricity Market
%K Auctions
%K Oligopoly
%K Deregulation
%U http://www.scirp.org/journal/PaperInformation.aspx?PaperID=2695