Title :
Discrete Time Cournot Model for Electricity Market Simulation
Author :
Estrada-Cruz, O. ; Gutierrez-Alcaraz, G. ; Tovar-Hernandez, J.H.
Author_Institution :
Inst. Tecnol. de Morelia, Morelia
fDate :
Sept. 30 2008-Oct. 3 2008
Abstract :
Oligopolistic static equilibrium models are widely used in electricity market analysis. However, the repeated bidding process in real-life electricity markets calls for dynamic models. This paper formulates the classical Cournot model in a discrete-time linear system framework that permits close study of generation companiespsila dynamic decisions and their impacts on wholesale electricity markets. Network losses are also included.
Keywords :
discrete time systems; linear systems; oligopoly; power markets; discrete time Cournot model; discrete-time linear system; electricity market analysis; electricity market simulation; oligopolistic static equilibrium models; Automotive engineering; Consumer electronics; Cost function; Electricity supply industry; Linear systems; Output feedback; Power generation; Production; Robots; Vehicle dynamics; Cournot Model; Electricity Market;
Conference_Titel :
Electronics, Robotics and Automotive Mechanics Conference, 2008. CERMA '08
Conference_Location :
Morelos
Print_ISBN :
978-0-7695-3320-9
DOI :
10.1109/CERMA.2008.27
