In zonal electricity markets, such as Europe's, system operators relieve congested power lines within bidding zones … using out-of-market measures. One such measure is "redispatching" power plants, i.e. increasing the output of one power … through voluntary markets. In this paper, we introduce a simple graphical model of a zonal spot market with a locational …

This paper proposes a game-theoretic model to analyze the strategic behavior of inc-dec gaming in market … setup of two regions. We also benchmark market-based redispatch against grid investment, cost-based redispatch, and the … Vickrey-Clarke-Groves mechanism. The comparison highlights a significant inefficiency of market-based redispatch and inflated …

We study the strategic utilization of storage in imperfect electricity markets. We apply a game-theoretic Cournot model … to the German power market and analyze different counterfactual and realistic cases of pumped hydro storage. Our main … relevant source of market power. …

We analyse how the market design influences the bidding behaviour in multi-unit auctions, such as wholesale electricity … markets. It is shown that competition improves for increased market transparency and we identify circumstances where the … market situations. …