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Deregulation in the electric power industry has been aimed at promoting competition and thereby enhancing the industry …'s efficiency. We use the auction data of public power procurements to study the impact of the reform on the retail power market in … two or more providers bid at an auction. …
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paper studies a model where firms precommit to capacity levels before competing in a uniform price auction. The analysis … equilibrium, the inefficient firm obtains a relatively large market share. -- spot market ; capacity game ; auction mechanism …
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/multi-unit auctions provides guidance on the design of the auction format, setting the reservation price, the rationing rule, and …
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Zonal pricing electricity markets operate sequentially. First, the suppliers compete in a spot market. Second, to alleviate the congestion in the transmission line, in a redispatch market, the suppliers in the importing node are called into operation to increase their production, and the...
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