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

fYear

2007

Firstpage

977

Lastpage

981

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;

fLanguage

English

Publisher

ieee

Conference_Titel

Power Tech, 2007 IEEE Lausanne

Conference_Location

Lausanne

Print_ISBN

978-1-4244-2189-3

Electronic_ISBN

978-1-4244-2190-9

Type

conf

DOI

10.1109/PCT.2007.4538448

Filename

4538448