The Italian Authority for Electricity and Gas – September 20039
Role of regulation in generation competition/3
The ability of potential competitors to enter the market quickly will enhance competition; so too will the ability of existing players to exit the market equally quickly if they feel they are not as well placed as others to compete.
Despite restructuring and new entry, actual or potential generator market power remains an issue that concerns market participants, customers and regulators in many countries.
Although many analysis are currently conducted, in terms of economics and engineering expertise is difficult to match the quality of these analyses.
Market monitoring should become a standard practice for Regulators.