Title :
A Comparative Study of Market behaviors in a Future South African Electricity Market
Author :
Yan, J. ; Sousa, J. ; Lagarto, J.
Author_Institution :
Electr. Eng. Dept., Univ. of Cape Town, Rondebosch
Abstract :
This paper presents a comparative study on market behaviors in a proposed South African electricity market using two market simulation software, in order to evaluate different market structures and competition models. The results show that the design of market structure is essential to ensure proper competition. Market structure plays an important role on the determination of market clearing price and production. The more concentrated the market will result in higher market price. Overall profits in the market also vary with the change of market structure and competition models.
Keywords :
power engineering computing; power markets; power system economics; pricing; South African electricity market; competition models; market behaviors; market clearing price; market simulation software; market structures; Africa; Electricity supply industry; Energy consumption; Energy management; Financial management; Load management; Power generation; Power markets; Power system modeling; Power system simulation; Electricity markets; conjectural variations; game theory; market strategies; market structure; power system economics;
Conference_Titel :
Power Tech, 2007 IEEE Lausanne
Conference_Location :
Lausanne
Print_ISBN :
978-1-4244-2189-3
Electronic_ISBN :
978-1-4244-2190-9
DOI :
10.1109/PCT.2007.4538448
