Title :
Imperfect competition: modeling and analysis of oligopoly electricity markets
Author :
Maiorano, A. ; Song, YH ; Trovato, M.
Author_Institution :
Dept. of Electr. Eng. & Electron., Brunel Univ., Uxbridge, UK
fDate :
5/1/1999 12:00:00 AM
Abstract :
The aim of this letter is to provide an analysis of oligopoly electricity markets, such as the British electricity spot market. A model is developed under certain assumptions, first to describe the behavior of such a type of market. The main objective is to reveal how the behavior of suppliers affects each other´s profit-maximization. The effectiveness of the proposed methodology is demonstrated on a test electricity industry that contains three different suppliers
Keywords :
electricity supply industry; British electricity spot market; oligopoly electricity markets analysis; oligopoly electricity markets modeling; profit-maximization; suppliers behaviour; test electricity industry; Electricity supply industry; Electronic mail; IEEE members; Job shop scheduling; Monopoly; Oligopoly; Power generation; Power markets; Processor scheduling; Testing;
Journal_Title :
Power Engineering Review, IEEE
