• DocumentCode
    2540296
  • Title

    Assessing local market power and mitigation in LMP-based electricity markets

  • Author

    Hildebrandt, Eric ; Hsu, Ming ; Yang, Dan

  • Author_Institution
    Dept. of Market Monitoring, California Indep. Syst. Operator, Folsom, CA
  • fYear
    2008
  • fDate
    20-24 July 2008
  • Firstpage
    1
  • Lastpage
    11
  • Abstract
    The potential effectiveness of market rules to mitigate local market power in a nodal LMP-based electricity market is discussed and examined in a case study. A payoff matrix approach is used to assess the unilateral market power of individual suppliers, and the potential for non-competitive market outcomes due to duopolistic bidding conditions.
  • Keywords
    matrix algebra; power markets; power system economics; LMP-based electricity markets; duopolistic bidding conditions; local market power; payoff matrix approach; Electricity supply industry; Energy management; Forward contracts; Nash equilibrium; Power generation; Power supplies; Power system management; Power system modeling; Pricing; Signal processing; Locational Marginal Pricing; Market Power; Nash Equilibrium; Payoff Matrix;
  • fLanguage
    English
  • Publisher
    ieee
  • Conference_Titel
    Power and Energy Society General Meeting - Conversion and Delivery of Electrical Energy in the 21st Century, 2008 IEEE
  • Conference_Location
    Pittsburgh, PA
  • ISSN
    1932-5517
  • Print_ISBN
    978-1-4244-1905-0
  • Electronic_ISBN
    1932-5517
  • Type

    conf

  • DOI
    10.1109/PES.2008.4596574
  • Filename
    4596574
    • Link To Document
    https://search.isc.ac/dl/search/defaultta.aspx?DTC=49&DC=2540296