function equilibrium (SFE) model of an electricity market with a single lossless, but constrained, transmission line. The …Competition between oligopolist electricity generators is inhibited by transmission constraints. I present a supply … market admits equilibria in which generator withhold energy in order to induce congestion, which further increases their …

Market power in electricity wholesale markets arises when generators have incentives to mark up their offers above the …

In this paper, we develop the game-theoretic electricity market model ElStorM that includes the possibility of … strategic electricity storage. We apply the model to the German electricity market and analyze different realistic and … utilization of storage capacities depends on the operator and its ability to exert market power both regarding storage and …

inefficiency induced by hiding transmission constraints from the market (in zonal pricing regimes) is analyzed. First, a simple two … equilibrium model including more nodes, loop flows and an energy and transmission forward market. Inefficiency in the transmission … forward market is introduced via a bid-ask-spread and risk aversion of market participants. The welfare impacts for abroad …