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How good are supply function equilibrium models : an empirical analysis of the ERCOT balancing market

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A structural model to evaluate the transition from self-commitment to centralized unit commitment

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How good are supply function equilibrium models: an empirical analysis of the ERCOT balancing market

Sioshansi, Ramteen; Oren, Shmuel - In: Journal of Regulatory Economics 31 (2007) 1, pp. 1-35

We present an empirical analysis of a supply function equilibrium model in the Texas spot electricity market. We derive conditions for optimal bidding behavior in a spot market with ex ante bilaterally contracted sales. By estimating costs, we are able to derive a set of ex post-and ex...

Persistent link: https://www.econbiz.de/10005711194