Title :
Computing Two-settlement Equilibrium in a Transmission-Constrained Oligopolistic Electricity Market
Author :
Oren, Shmuel S. ; Yao, Jian ; Adler, Ilan
Author_Institution :
California Univ., Berkeley, CA
fDate :
Oct. 29 2006-Nov. 1 2006
Abstract :
The two settlement equilibrium model described in this panel aims at providing a simulation tool that can capture the interaction between the forward and spot electricity markets in a realistic selling. This model can be used to explore the classic economic question posed by Allaz in a more realistic selling and analyze horizontal market power issues under varying assumptions regarding ownership structure and network effects. This model can also be used in evaluating the impact of transmission upgrades, for instance, while taking into consideration forward contracting and market power effects
Keywords :
electrical contracting; oligopoly; power markets; power transmission economics; forward contracting; market power economics; oligopolistic electricity market; transmission-constraint; two-settlement equilibrium model; Character generation; Elasticity; Electricity supply industry; Energy consumption; Environmental economics; Forward contracts; Mesh generation; Power generation; Power generation economics; Power system modeling;
Conference_Titel :
Power Systems Conference and Exposition, 2006. PSCE '06. 2006 IEEE PES
Conference_Location :
Atlanta, GA
Print_ISBN :
1-4244-0177-1
Electronic_ISBN :
1-4244-0178-X
DOI :
10.1109/PSCE.2006.296254
