Modeling and study of Russian oligopolistic electricity market considering generating capacity expansion

Author

Khamisov, O.V. ; Podkovalnikov, S.V.

Author_Institution

Energy Syst. Inst., Irkutsk, Russia

fYear

2011

fDate

19-23 June 2011

Firstpage

1

Lastpage

6

Abstract

Samples of electric power oligopolies in Russia are given. Mathematical models for oligopolistic electricity market (EM) are overviewed. New model for studying oligopolistic EM considering generating capacity expansion is developed. Also, variability of electricity demand and operating conditions of various kinds of power plants are taken into account in the model. Electricity market equilibriums based on Nash-Cournot approach are determined by the model. Electricity market of Central region in European Russia is studied for the prospect of 2030 using the developed model. Behavior of generating companies (GCs), mergers and acquisitions of the companies and possibilities for entering the oligopolistic EMs by new GCs were studied.

Keywords

game theory; mathematical analysis; power generation economics; power markets; Nash-Cournot approach; Russian oligopolistic electricity market; electricity demand; electricity market equilibrium; generating capacity expansion; mathematical model; power plant; Companies; Computational modeling; Elasticity; Electricity; Electricity supply industry; Mathematical model; Power generation; Capacity; equilibrium; generating company; mathematical model; oligopolistic electricity market; price;

fLanguage

English

Publisher

ieee

Conference_Titel

PowerTech, 2011 IEEE Trondheim

Conference_Location

Trondheim

Print_ISBN

978-1-4244-8419-5

Electronic_ISBN

978-1-4244-8417-1

Type

conf

DOI

10.1109/PTC.2011.6019183

Filename

6019183