Title :
Electricity Market Prices: An Indicator of Market Power?
Author :
de la Cruz-Soto, J. ; Alcaraz, G. Gutiérrez
Author_Institution :
Inst. Tecnol. de Morelia Morelia, Morelia, Mexico
Abstract :
Electricity market price may not always be a reference to determine the existence of market power. This paper discusses why electricity price in a day-ahead electricity market may exhibit peaks without representing market manipulation by any of the players. We use genetic algorithms to simulate the trading behavior of artificial agents in the spot market. Two case studies are reported and the results show that high market prices do not necessarily mean market power exercise.
Keywords :
genetic algorithms; power markets; pricing; electricity market prices; genetic algorithms; market manipulation; market power; spot market; Character generation; Costs; Economic forecasting; Electric variables measurement; Electricity supply industry; Genetic algorithms; Monitoring; Power measurement; Power system interconnection; Regulators; Genetic Algorithms; electricity market;
Conference_Titel :
Intelligent System Applications to Power Systems, 2009. ISAP '09. 15th International Conference on
Conference_Location :
Curitiba
Print_ISBN :
978-1-4244-5097-8
DOI :
10.1109/ISAP.2009.5352893
