Modeling the Impact of Market Interventions on the Strategic Evolution of Electricity Markets

被引：18

作者：

Bunn, Derek W. ^{[1
]}

Oliveira, Fernando S. ^{[2
]}

机构：

[1] London Business Sch, London NW1 4SA, England

[2] ESSEC Business Sch, Operat Management Dept, F-95021 Cergy Pontoise, France

来源：

OPERATIONS RESEARCH | 2008年 / 56卷 / 05期

关键词：

D O I：

10.1287/opre.1080.0565

中图分类号：

C93 [管理学];

学科分类号：

12 ; 1201 ; 1202 ; 120202 ;

摘要：

This paper presents a large-scale computationally intensive model for understanding the dynamic strategic evolution of electricity-generating asset portfolios in response to various market interventions, and the consequent longer-term effects of such changes on market structure and prices. We formulate a multistage model involving a Cournot representation of the wholesale electricity market, the performance of which then determines plant trading between players and the coevolution of market structure. An algorithm to model this game is presented. We apply this model to the full England and Wales system, as it was in 2000, and simulate the strategic responses to divestiture, capacity targets, and the two market mechanism variants of pool and bilateral market clearing.

引用

页码：1116 / 1130

页数：15

共 42 条

[11] Evaluating individual market power in electricity markets via agent-based simulation [J].