DocumentCode
2671571
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
fYear
2009
fDate
8-12 Nov. 2009
Firstpage
1
Lastpage
8
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;
fLanguage
English
Publisher
ieee
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
Type
conf
DOI
10.1109/ISAP.2009.5352893
Filename
5352893
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