Economic Evidence of Market Power and Market Manipulation in Energy Markets

This chapter, included in the first edition of GCR’s The Guide to Energy Market Manipulation, examines the economic analysis underlying recent enforcement actions related to market power and market manipulation in the Canadian, European, and US energy markets, and describes the evidence typically sought by regulators when assessing manipulative activities. The chapter begins with a summary discussion of the types of conduct that have been investigated in these jurisdictions and the common elements of economic evidence that regulators have deemed relevant in their judicial decisions. The chapter then proceeds by providing case studies that illustrate the different types of conduct and use of relevant economic evidence, and concludes with some summary remarks. 
 
The whole publication is available here. To read the chapter, click the link below.