The increasing use of demand-side management as a tool to reliably meet electricity demand at peak time has stimulated interest among researchers, consumers and producer organizations, managers, regulators and policymakers, This research reviews the growing literature on models used to study...

The increasing use of demand-side management as a tool to reliably meet electricity demand at peak time has stimulated interest among researchers, consumers and producer organizations, managers, regulators and policymakers, This research reviews the growing literature on models used to study...

We propose a novel method to find Nash equilibria in games with binary decision variables by including compensation payments and incentive-compatibility constraints from non-cooperative game theory directly into an optimization framework in lieu of using first order conditions of a...

The parameterisation of energy and climate policies often depends on the technology, which is price-setting in electricity markets. We propose two simple approaches to determine marginal technologies in electricity wholesale from available data. Both approaches are complementary, computationally...

We study the use of fi nancial contracts as bid-coordinating device in multi-unit uniform price auctions. Coordination is required whenever firms face a volunteer's dilemma in pricing strategies: one firm (the "volunteer") is needed to increase the market clearing price. Volunteering, however,...

Regulation and protection have been the major issues to prevent the consumers from enjoying good quality of service (QoS) at reasonable prices, for example, electricity and long distance call service. Deregulation in such industries started in early 1970sand have achieved significant results in,...

After deregulations in power industries, the original boundary lines have been removed and how to support optimal cross-border electricity trade planning has become an important issue. Decentralization, or all market participants have the rights to participate in decision making, is one of the...

In the last century, the electric power market has been transformed to be more competitive around U.S. Several states have deregulated the industry and expect lower energy prices and higher social benefits to result. However, the electric industry is still operated in a regulated market in many...