by independent system operators (ISOs) in wholesale electricity auction markets in the U.S. with that of a proposed …

This study of the wholesale electricity market compares the efficiency performance of the auction mechanism currently … designer might face a choice problem with a tradeoff between lower electricity cost and production efficiency. Some …

Motivated by the regulatory debate in electricity markets, we seek to understand how market design affects market …

The literature on deregulated electricity markets generally assumes available capacities to be given. In contrast, this …

in a supplier.s cost sometimes result in a major change in the market price. In wholesale electricity markets, we predict …

We analyse how the market design influences the bidding behaviour in multi-unit auctions, such as wholesale electricity …

electricity demand, to meet supply adequacy problems. In this paper, we analyze what it requires to have a competitive auction … number of bidders are not enough warranty for fierce competition. Electricity forward-contract auctions may be uncompetitive …

electricity markets. Still it can be profitable for a producer to make such a commitment if it results in a soft response from …

uncertain costs and are uncertain about the availability of production units, as in wholesale electricity markets. We find that …

We analyse how the market design influences the bidding behavior in multi-unit auctions, such as wholesale electricity …