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
1999-01-01
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.
