Title :
On gaming in electricity markets under cap-and-trade
Author :
El Khatib, Sameh ; Galiana, Francisco D.
Abstract :
This paper examines the effect of gaming by electricity generating companies (Gencos) operating in an electricity market under cap-and-trade. We show how Gencos strategically offer on the basis of their allocated allowances and emission intensities and, through an example, examine how this gaming strategy affects the Gencos´ profits and the overall market equilibrium.
Keywords :
power markets; Gencos; cap-and-trade; electricity generating companies; electricity markets; Carbon dioxide; Cost function; Electricity supply industry; Environmental economics; Global warming; Pollution; Power generation; Cournot-Nash equilibrium; allowance allocation; cap-and-trade; gaming in electricity markets; greenhouse gas (GHG); market power;
Conference_Titel :
Sustainable Alternative Energy (SAE), 2009 IEEE PES/IAS Conference on
Conference_Location :
Valencia
Print_ISBN :
978-1-4244-4430-4
Electronic_ISBN :
978-1-4244-4431-1
DOI :
10.1109/SAE.2009.5534850
