DocumentCode
1185304
Title
Electricity Market Equilibrium Models: The Effect of Parameterization
Author
Baldick, Ross
Author_Institution
University of Texas at Austin, Austin, TX
Volume
22
Issue
7
fYear
2002
fDate
7/1/2002 12:00:00 AM
Firstpage
53
Lastpage
53
Abstract
In this paper, an example from the literature is used to compare Coumot and supply function equilibrium models of bid-based electricity markets both with and without transmission constraints. It is demonstrated that the parameterization of the supply function model has a significant effect on the calculated results. In particular, several results reported in the literature are artifacts of assumptions in the parameterization of the model.
Keywords
Cables; Circuit faults; Circuit testing; Conductors; Electricity supply industry; Flexible AC transmission systems; Load flow control; Power system control; Power system modeling; Power systems; Coumot equilibrium; Market power; supply function equilibrium; transmission constraints;
fLanguage
English
Journal_Title
Power Engineering Review, IEEE
Publisher
ieee
ISSN
0272-1724
Type
jour
DOI
10.1109/MPER.2002.4312378
Filename
4312378
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