DocumentCode :
2117902
Title :
Dynamics of non-collusive oligopolistic electricity markets
Author :
Maiorano, Annalisa ; Song, Y.H. ; Trovato, Michele
Author_Institution :
Inst. of Power Syst., Brunel Univ., Uxbridge, UK
Volume :
2
fYear :
2000
fDate :
2000
Firstpage :
838
Abstract :
In this paper, a dynamic oligopolistic market model is proposed to analyze the new competitive electricity environment. The model is developed on the basis of the well-known Cournot model for the analysis of a noncollusive oligopolistic market and it is able to describe the behavior of such a type of electricity market, revealing how the behavior of suppliers affects each other´s profit maximization. In particular, reaction functions, isoprofit curves, and characteristic of suppliers sharing the market, are evaluated, considering the system´s total load demand that takes into account the presence of transmission losses, and calculated on the basis of each current generating schedule. Moreover, a particular time during the day is chosen and the dynamic behavior throughout the bidding process of the price of electricity for that particular market is investigated. The effectiveness of the proposed methodology is tested on the IEEE 30-bus system
Keywords :
commerce; electricity supply industry; power system economics; tariffs; IEEE 30-bus system; bidding process; competitive electricity environment; electricity price; isoprofit curves; noncollusive oligopolistic electricity market dynamics; reaction functions; total load demand; Costs; Electricity supply industry; Electricity supply industry deregulation; Job shop scheduling; Power generation; Power markets; Power system dynamics; Power system modeling; Pricing; Propagation losses;
fLanguage :
English
Publisher :
ieee
Conference_Titel :
Power Engineering Society Winter Meeting, 2000. IEEE
Print_ISBN :
0-7803-5935-6
Type :
conf
DOI :
10.1109/PESW.2000.850034
Filename :
850034
Link To Document :
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