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Analyzing the Impact of Electricity Market Structure Changes and Mergers : The Importance of Forward Commitments

Brown, David - 2016

We investigate how the effects of market structure changes and mergers in restructured electricity markets depend on …'s wholesale electricity market that incorporates firms' forward positions. Using data from 2013-2014, we estimate the monthly … electricity markets …

Persistent link: https://www.econbiz.de/10012986898

Strategic Generation Capacity Choice Under Demand Uncertainty : Analysis of Nash Equilibria in Electricity Markets

Gürkan, Gül - 2013

electricity markets. These firms choose their generation capacities at the first stage while anticipating a perfectly competitive … future electricity spot market outcome at the second stage; thus it is a closed loop game. In general, such games can be …

Persistent link: https://www.econbiz.de/10013077349

Who Benefits from the Restructuring of the Australian Electricity Sector?

Chester, Lynne - 2014

The Australian electricity sector has been radically restructured during the last decade. The drivers of this … increases in residential electricity prices …

Persistent link: https://www.econbiz.de/10013060071

Production Efficiency of Nodal and Zonal Pricing in Imperfectly Competitive Electricity Markets

Sarfati, Mahir - 2020

Electricity markets employ diﬀerent congestion management methods to handle the limited transmission capacity of the …

Persistent link: https://www.econbiz.de/10012829074

Redispatch in Zonal Pricing Electricity Markets

Blazquez de Paz, Mario - 2020

Zonal pricing electricity markets operate sequentially. First, the suppliers compete in a spot market. Second, to … characterize the equilibrium in a zonal pricing electricity market when the competition is imperfect by using four different …

Persistent link: https://www.econbiz.de/10012829082

Cournot Versus Supply Functions : What Does the Data Tell Us?

Willems, Bert - 2009

The liberalization of the electricity sector increases the need for realistic and robust models of the oligopolistic … interaction of electricity firms. This paper compares the two most popular models: Cournot and the Supply Function Equilibrium …, both models are calibrated to the German electricity market by varying the contract cover of firms. Our results show that …

Persistent link: https://www.econbiz.de/10012721237

Providing efficient network access to green power generators : a long-term property rights perspective

Petropoulos, Georgios; Willems, Bert - 2016

Coordinating the timing and location of new production facilities is one of the challenges of liberalized power sectors. It is complicated by the presence of transmission bottlenecks, oligopolistic competition, and the unknown prospects of low-carbon technologies. The authors build a model...

Persistent link: https://www.econbiz.de/10011613836

Production efficiency of nodal and zonal pricing in imperfectly competitive electricity markets

Sarfati, Mahir; Hesamzadeh, Mohammad Reza; Holmberg, Pär - 2019

Electricity markets employ different congestion management methods to handle the limited transmission capacity of the …

Persistent link: https://www.econbiz.de/10011981276

Concept analysis

Sarfati, Mahir; Hesamzadeh, Mohammad Reza; Holmberg, Pär - 2018

This paper is part I of a two-part paper. It proposes a two-stage game to analyze imperfect competition of producers in zonal power markets with a day-ahead and a real-time market. We consider strategic producers in both markets. They need to take both markets into account when deciding what to...

Persistent link: https://www.econbiz.de/10011943355

Solution algorithm

Sarfati, Mahir; Hesamzadeh, Mohammad Reza; Holmberg, Pär - 2018

In part I of this paper, we proposed a Mixed-Integer Linear Program (MILP) to analyze imperfect competition of oligopoly producers in two-stage zonal power markets. In part II of this paper, we propose a solution algorithm which decomposes the proposed MILP model into several subproblems and...

Persistent link: https://www.econbiz.de/10011943407