Title :
Sequential Time-Step Oligopolistic Electricity Market Competition
Author :
Vazquez, Agustin Vidales ; Gutiérrez-Alcaraz, Guillermo
Author_Institution :
Dept. of Electr. & Electron. Eng., Inst. Tecnol. de Morelia, Morelia
Abstract :
This paper studies sequential time-step generation companies´ production decisions in oligopolistic electricity markets. We consider a spot electricity market operated on an hourly basis where each time-step is solved individually using the Cournot market model. The time-steps are coordinated by the supervision of the maximum/minimum on/off time constraints. Numerical examples are provided.
Keywords :
power generation economics; power markets; Cournot market model; generation companies; production decisions; sequential time-step oligopolistic electricity market competition; time constraints; Adaptive systems; Closed-form solution; Consumer electronics; Cost function; Electricity supply industry; Power generation; Production; Sequential analysis; Time factors; Uncertainty; Electricity Market; Oligopolistic Competition;
Conference_Titel :
Power Tech, 2007 IEEE Lausanne
Conference_Location :
Lausanne
Print_ISBN :
978-1-4244-2189-3
Electronic_ISBN :
978-1-4244-2190-9
DOI :
10.1109/PCT.2007.4538645
