Electricity Specific Measures
As to account for the specificities of electricity markets the specific structural measures are calculated. The Herfindahl index and the concentration ratios focus on the market shares of companies, but these measures identify the “pivotalness” of companies to meeting the demand on the system. A company that is very pivotal can be said to have a high market power.
Read more about this topic: Concentration Ratio
Famous quotes containing the words electricity, specific and/or measures:
“Prudence and justice tell me that in electricity and steam there is more love for man than in chastity and abstinence from meat.”
—Anton Pavlovich Chekhov (1860–1904)
“I was asking for something specific and perfect for my city,
Whereupon lo! upsprang the aboriginal name.
Now I see what there is in a name, a word, liquid, sane, unruly,
musical, self-sufficient,
I see that the word of my city is that word from of old,
Because I see that word nested in nests of water-bays, superb,
Rich, hemm’d thick all around with sailships and steamships, an
island sixteen miles long, solid-founded,”
—Walt Whitman (1819–1892)
“I hear America singing, the varied carols I hear,
Those of mechanics, each one singing his as it should be blithe and
strong,
The carpenter singing his as he measures his plank or beam,
The mason singing his as he makes ready for work, or leaves off
work,”
—Walt Whitman (1819–1892)