; pay-as-bid auction ; discriminatory auction ; divisible good auction ; oligopoly ; electricity market …

, and the market is cleared at the price of the most expensive offer needed to meet realised demand. Such markets can most …

I evaluate the effect of the 2011 Swedish electricity market splitting reform on the allocation of wind power …

of zonal pricing: zonal pricing with Available Transmission Capacity (ATC) and zonal pricing with Flow-Based Market … pricing with FBMC is employed in two stages, a day-ahead market stage and a re-dispatch stage. We show that the optimality … conditions and market clearing conditions can be reformulated as a mixed integer linear program (MILP), which is straightforward …

In centralized markets, producers submit detailed cost data to the day-ahead market, and the market operator decides … producers send less detailed cost information to the operator of the day-ahead market. Ideally centralized electricity markets … decentralized markets. Iterative intra-day trading in a decentralized market can also be used to sort out coordination problems …

function equilibrium (SFE) model of an electricity market with a single lossless, but constrained, transmission line. The … market admits equilibria in which generator withhold energy in order to induce congestion, which further increases their … local market power. Under appropriate assumptions on cost and demand functions, I obtain a planar autonomous system of …

Market power in electricity wholesale markets arises when generators have incentives to mark up their offers above the …

incentive for vertically integrated firms to participate in the retail market, which increases competition in the short …-term wholesale market. In contrast, linking locational markets through a long-term contract that clears against the quantity …-weighted average of short-term wholesale prices does not impact average wholesale market performance. These results imply that a policy …