bidding behaviour in pay-as-bid electricity auctions, such as the balancing mechanism of United Kingdom. Offer curves and mark … ; pay-as-bid auction ; discriminatory auction ; divisible good auction ; oligopoly ; electricity market …

In most wholesale electricity markets generators must submit step-function offers of supply to a uniform price auction … as the number of steps increases, reconciling the apparently very disparate approaches to modelling electricity markets …. -- Auctions ; supply function equilibria ; convergence of step-functions ; electricity markets …

in a supplier.s cost sometimes result in a major change in the market price. In wholesale electricity markets, we predict …

We analyse how the market design influences the bidding behaviour in multi-unit auctions, such as wholesale electricity …

producers send less detailed cost information to the operator of the day-ahead market. Ideally centralized electricity markets … electricity markets, while most of Europe has decentralized wholesale electricity markets. The main problem with centralized …

Capacity mechanisms are increasingly used in electricity market design around the world yet their role remains hotly … debated. In this paper, we introduce a new benchmark model of a capacity mechanism in a competitive electricity market with …

This paper surveys the literature relevant for comparing centralized and decentralized wholesale electricity markets …

electricity markets. Still it can be profitable for a producer to make such a commitment if it results in a soft response from …

bidding behaviour in pay-as-bid electricity auctions, such as the balancing mechanism of United Kingdom. Offer curves and mark …

electricity auctions. This paper presents an intuitive account of current understanding and shows how welfare losses depend on the … restrictions on the offer curves in wholesale electricity auctions. …