Add to ORKGWe review supply function equilibrium models and their predictions on market outcomes in the wholesale electricity auctions. We discuss how observable market characteristics such as capacity constraints, number of power suppliers, load distribution and auction format affect the behavior of suppliers and performance of the market. We specifically focus on the possible market power exerted by pivotal suppliers and the comparison between discriminatory and uniform-price auctions. We also describe capacity investment behavior of electricity producers in the restructured industry.Electricity markets; Supply function equilibrium; Markov perfect equilibrium; electricity auctions; pivotal suppliers; capacity investment.
Electricity market design requires tools that result in a better understanding of incentives of gene...
The paper employs Operations Research methods for analysis of electricity and capacity markets. We p...
The research presented in this Thesis investigates the strategic behaviour of generating firms in bi...
In the process of regulatory reform in the electric power industry, the mitigation of market power i...
Abstract. The concept of a supply function equilibrium (SFE) has been widely used to model generator...
In most electricity markets, producers submit supply functions to a procurement uniform-price auctio...
In the process of regulatory reform in the electric power industry, the mitigation of market power i...
The supply function equilibrium provides a game-theoretic model of strategic bidding in oligopolisti...
Market power mitigation has been an integral part of wholesale electricity markets since deregulatio...
57 p.Thesis (Ph.D.)--University of Illinois at Urbana-Champaign, 2007.In the essay on electricity, w...
We use experiments to study market power with supply function competition, akin to the competition i...
Motivated by the wholesale electricity auctions, this dissertation studies a series of unit-price pr...
This thesis examines several issues that arise in restructured electricity markets. These issues inc...
Abstract. A goal of this paper is to compare results for discriminatory auctions to results for unif...
Research into modeling electricity markets is continuing and the subject of many debates. All types ...
Electricity market design requires tools that result in a better understanding of incentives of gene...
The paper employs Operations Research methods for analysis of electricity and capacity markets. We p...
The research presented in this Thesis investigates the strategic behaviour of generating firms in bi...
In the process of regulatory reform in the electric power industry, the mitigation of market power i...
Abstract. The concept of a supply function equilibrium (SFE) has been widely used to model generator...
In most electricity markets, producers submit supply functions to a procurement uniform-price auctio...
In the process of regulatory reform in the electric power industry, the mitigation of market power i...
The supply function equilibrium provides a game-theoretic model of strategic bidding in oligopolisti...
Market power mitigation has been an integral part of wholesale electricity markets since deregulatio...
57 p.Thesis (Ph.D.)--University of Illinois at Urbana-Champaign, 2007.In the essay on electricity, w...
We use experiments to study market power with supply function competition, akin to the competition i...
Motivated by the wholesale electricity auctions, this dissertation studies a series of unit-price pr...
This thesis examines several issues that arise in restructured electricity markets. These issues inc...
Abstract. A goal of this paper is to compare results for discriminatory auctions to results for unif...
Research into modeling electricity markets is continuing and the subject of many debates. All types ...
Electricity market design requires tools that result in a better understanding of incentives of gene...
The paper employs Operations Research methods for analysis of electricity and capacity markets. We p...
The research presented in this Thesis investigates the strategic behaviour of generating firms in bi...