Marulanda Guerra, Agustín RafaelMartínez Ramos, José LuisGómez Expósito, Antonio2020-05-292020-05-292005Marulanda Guerra, A.R., Martínez Ramos, J.L. y Gómez Expósito, A. (2005). A comparison of residual demand models for oligopolistic markets. En Power systems computation conference, Lieja, Bélgiga.https://hdl.handle.net/11441/9724515th Power Systems Computation Conference August 22-26, 2005 Liège, BelgiumIn many pool-based electricity markets two types of generating companies coexist, namely price-taking and leader companies. In this context, the optimal bidding of a leader company, and consequently the market clearing price, is mainly determined by its residual demand curve, which can be modeled in different ways. In this work, three different residual demand curves have been adopted to simulate the optimal strategy of an oligopolistic company. The influence of these models on the gap between the expected and actual market prices, as well as on the resulting leader company profit is analyzed.application/pdf7 p.engAttribution-NonCommercial-NoDerivatives 4.0 Internacionalhttp://creativecommons.org/licenses/by-nc-nd/4.0/Competitive electricity marketsNonlinear programmingResidual demandinfo:eu-repo/semantics/conferenceObjectinfo:eu-repo/semantics/openAccess