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in a supplier.s cost sometimes result in a major change in the market price. In wholesale electricity markets, we predict …
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We analyse how the market design influences the bidding behaviour in multi-unit auctions, such as wholesale electricity …
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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 …
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Zonal pricing with countertrading (a market-based redispatch) gives arbitrage opportunities to the power producers located in the export-constrained nodes. They can increase their profit by increasing the output in the dayahead market and decrease it in the real-time market (the inc-dec game)....
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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 …
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