Preface; Contents; Chapter 1: Introduction and Research Questions; Chapter 2: General Background; 2.1 Essential Features of Electricity; 2.2 The European Energy Sector Inquiry; 2.3 Price Formation on Short-Term Markets; 2.4 Capacity Withdrawal Practices; 2.4.1 Physical Withdrawal; 2.4.2 Economic Withdrawal; 2.4.3 Difficulty of Proof; 2.4.3.1 Physical Withdrawal; 2.4.3.2 Economic Withdrawal; 2.4.4 Capacity Withdrawals as Unilateral Abuses; 2.5 The Aftermath of the Sector Inquiry; 2.5.1 The E.ON Decision; 2.5.2 The Bundeskartellamtś Sector Inquiry; 2.6 Commitments Decisions

Chapter 3: Competition Law Enforcement3.1 Market Definition; 3.1.1 Relevant Product Market; 3.1.1.1 A Separate Market for Balancing Services; 3.1.1.2 Market Definition of the Bundeskartellamt; 3.1.1.2.1 Criticism; 3.1.1.2.2 A Separate Market for Renewable Energy; 3.1.2 Relevant Geographic Market; 3.2 Market Power; 3.2.1 Market Shares; 3.2.2 The Residual Supply Index (RSI); 3.2.2.1 Limitations of the RSI; 3.2.2.2 Complementary Analysis; 3.2.3 The Return on Withholding Capacity Index (RWC); 3.2.3.1 Interpretation and Limitations of the RWC; 3.2.3.2 The Potential of the RWC

3.2.4 The Interpretation of the Bundeskartellamt3.2.4.1 Parallel Individual Dominance; 3.2.4.2 Argumentation of the Bundeskartellamt; 3.2.4.3 Application of the RSI; 3.2.5 Collective Dominance; 3.3 Abusive Practices; 3.3.1 Physical Withdrawal; 3.3.2 Economic Withdrawal; 3.3.2.1 Marginal Costs Calculation; 3.3.2.2 Excessive Prices Under Competition Law; 3.3.2.3 The United Brands Test; 3.3.2.4 Application of the United Brands Test to the Electricity Wholesale Market; Chapter 4: Transparency; 4.1 Transparency Towards Authorities; 4.2 Transparency Towards the Market

4.2.1 Regulation 714/2009 on Conditions for Access to the Network for Cross-Border Exchanges in Electricity4.2.2 Regulation 543/2013 on Submission and Publication of Data in Electricity Markets; 4.2.2.1 Benefits of Transparency; 4.2.2.2 Drawing the Line; 4.2.2.3 Guidelines on Fundamental Electricity Data Transparency: Disputed Provisions; 4.2.2.3.1 Relevant Information; 4.2.2.3.1.1 Short-Run Decisions; 4.2.2.3.1.2 Medium- and Long-Run Decisions; 4.2.2.3.2 Price Forecasting and Market Performance; 4.2.2.3.3 Information Overload; 4.2.2.3.4 Information Distortion

4.2.2.3.5 Unilateral Market Power4.2.2.3.6 Collusive Market Power; 4.2.2.3.6.1 Risk of Collusion; 4.2.2.3.6.2 Conditions for Collusion; 4.2.2.3.6.3 Information Exchange and Collusion; 4.2.2.3.6.4 Collusion in Electricity Wholesale Markets; 4.2.2.3.6.5 Transparency as Self-remedy; 4.2.2.3.7 Disputed Provisions as Adopted in the Final Text; 4.2.2.3.8 Transparency in Power Exchanges in Europe; 4.2.2.3.8.1 Nord Pool Spot; 4.2.2.3.8.2 EEX; 4.2.2.3.9 Commercial Information Services; 4.3 Conclusion; Chapter 5: Regulatory Enforcement; 5.1 Prohibition of Insider Trading