The aim of this letter is to provide an analysis of oligopoly electricity markets, such as the British electricity spot market. A model is developed under certain assumptions, first to describe the behavior of such a type of market. The main objective is to reveal how the behavior of suppliers affects each other's profit-maximization. The effectiveness of the proposed methodology is demonstrated on a test electricity industry that contains three different suppliers.
Imperfect competition: modeling and analysis of oligopoly electricity markets / Maiorano, A.; Song, Y. H.; Trovato, M.. - In: IEEE POWER ENGINEERING REVIEW. - ISSN 0272-1724. - STAMPA. - 19:5(1999), pp. 56-58. [10.1109/39.761820]
Imperfect competition: modeling and analysis of oligopoly electricity markets
M. Trovato
1999
Abstract
The aim of this letter is to provide an analysis of oligopoly electricity markets, such as the British electricity spot market. A model is developed under certain assumptions, first to describe the behavior of such a type of market. The main objective is to reveal how the behavior of suppliers affects each other's profit-maximization. The effectiveness of the proposed methodology is demonstrated on a test electricity industry that contains three different suppliers.I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.
