Title :
Computation and decomposition of marginal costs for a GENCO in a constrained competitive Cournot equilibrium
Author :
Reneses, Javier ; Centeno, Efraim ; Barquín, Julián
Author_Institution :
Universidad Pontificia Comillas, Madrid, Spain
Abstract :
This paper presents a methodology to compute and decompose marginal costs for a generation company (GENCO) in a competitive framework. The methodology is based on a Cournot market equilibrium model. The aim is to provide a useful tool for GENCOs so that they can manage their resources in an optimal way, helping them on their decision making processes, asset valuations or contract assessments
Keywords :
electricity supply industry; power generation economics; GENCO; Generation Company; asset valuations; constrained competitive Cournot equilibrium; contract assessments; decision making processes; energy markets; marginal costs decomposition; Asset management; Constraint theory; Contracts; Cost accounting; Cost function; Decision making; Electricity supply industry; Electronic mail; Mathematical model; Resource management;
Conference_Titel :
Power Tech Proceedings, 2001 IEEE Porto
Conference_Location :
Porto
Print_ISBN :
0-7803-7139-9
DOI :
10.1109/PTC.2001.964616
