Presentation
A comparison of residual demand models for oligopolistic markets
Author/s | Marulanda Guerra, Agustín Rafael
Martínez Ramos, José Luis Gómez Expósito, Antonio |
Department | Universidad de Sevilla. Departamento de Ingeniería Eléctrica |
Publication Date | 2005 |
Deposit Date | 2020-05-29 |
Published in |
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Abstract | In 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 ... In 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. |
Project ID. | DPI2001-2612
ACC-1021-TIC200 |
Citation | Marulanda 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. |
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