Much of the interest in the Supply Function Equilibria (SFE) model is focused on electricity spot markets for which it seems to be ideally suited. Most of the work has dealt with thermal power supply and very little with mixed hydro and thermal supply. The purpose of this paper is to explore the...

In most wholesale electricity markets generators must submit step-function offers of supply to a uniform price auction, and the market is cleared at the price of the most expensive offer needed to meet realised demand. Such markets can most elegantly be modelled as the pure-strategy, Nash...

In most wholesale electricity markets generators must submit step-function offers of supply to a uniform price auction, and the market is cleared at the price of the most expensive offer needed to meet realised demand. Such markets can most elegantly be modelled as the pure-strategy, Nash...