Title :
A conjectural supply function model for the Italian electricity market
Author :
Abeygunawardana, A.M.A.K. ; Berizzi, A. ; Bovo, C. ; Innorta, M.
Author_Institution :
Politec. di Milano, Milan
Abstract :
This paper presents a detailed electricity market model for analyzing the price development in the Italian electricity market under varying degrees of competitiveness in the market. The proposed model is more realistic than the models proposed for the Italian market by other studies, as it can be used when price elasticity of electricity demand is zero (the short term electricity demand in Italy is almost price inelastic) and it takes into account the Italian large transmission network with its constraints.
Keywords :
power markets; pricing; transmission networks; Italian electricity market; conjectural supply function model; electricity demand; large transmission network; price elasticity; short term electricity demand; Computational modeling; Contracts; Elasticity; Electricity supply industry; Industrial economics; Mathematical model; Power generation; Power generation economics; Power markets; Power system modeling;
Conference_Titel :
Universities Power Engineering Conference, 2008. UPEC 2008. 43rd International
Conference_Location :
Padova
Print_ISBN :
978-1-4244-3294-3
Electronic_ISBN :
978-88-89884-09-6
DOI :
10.1109/UPEC.2008.4651515
