Title :
Oligopolistic Electricity Market Competition with Forward Expectations
Author :
Vidales-Vazquez, A. ; Gutierrez-Alcaraz, G.
Author_Institution :
Dept. of Electr. & Electron. Eng., Inst. Tecnol. de Morelia, Morelia
Abstract :
This paper studies Generation Companies (GENCOs) production decisions in ologopolistic electricity market. The model presented is based upon static equilibrium model solved sequentially. The main idea is to imagine the firms to be in a discrete time situation. The effect of technical constraints, such as time on/off, ramp up/down, startup cost and shut down cost, are not included in the model.
Keywords :
decision theory; discrete time systems; oligopoly; power generation economics; power markets; GENCO production decisions; Generation Companies; discrete time situation; forward expectations; oligopolistic electricity market competition; static equilibrium model; Adaptive systems; Costs; Decision making; Discrete event simulation; Discrete event systems; Electricity supply industry; Feedback; Power generation; Production; Sequential analysis; Electricity Market; Market Equilibrium; Ologopolistic Competition;
Conference_Titel :
Power Symposium, 2006. NAPS 2006. 38th North American
Conference_Location :
Carbondale, IL
Print_ISBN :
1-4244-0227-1
Electronic_ISBN :
1-4244-0228-X
DOI :
10.1109/NAPS.2006.360141
