We use the closed-loop model to further analyse market power issues with a higher time resolution and limited access to the balancing market. Original language ...
The spot and balancing markets for electricity: open- and closed-loop ...
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Nov 20, 2021 · We study oligopolistic spot and balancing markets with Cournot competition, and formulate two stochastic equilibrium models for the sequential markets.
We study oligopolistic spot and balancing markets with Cournot competition, and formulate two stochastic equilibrium models for the sequential markets.
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What is the spot market for electricity?
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The first is an open-loop model which we formulate and solve as a complementarity problem. The second is a closed-loop model that accounts for the sequence of ...
Oct 22, 2024 · We use the closed-loop model to further analyse market power issues with a higher time resolution and limited access to the balancing market.
The spot and balancing markets for electricity: open- and closed-loop equilibrium models ... spot markets in oligopolies under demand and cost uncertainties.
The first is an open loop equilibrium model, where generation companies simultaneously choose capacities and quantities to maximize their individual profit. The ...
Missing: balancing | Show results with:balancing
We study electricity balancing as a market where the equilibrium price (imbalance price) and quantity (system imbalance) are determined by supply and demand.
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Jul 31, 2024 · This paper proposes a clearing model for the electricity spot market that considers partition reserve equilibrium.
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Feb 16, 2020 · This paper proposes a conjectural-variations based approach to modeling investment and spot-market equilibria in imperfectly competitive oligopolistic ...