In the real world two classes of market designs are implemented to trade electricity in transmission constrained networks. Analytical results show that in two node networks integrated market designs reduce the ability of electricity generators to exercise market power relative to separated market designs. In multi node networks countervailing effects make… (More)
The views expressed in this presentation are the views of the speaker and do not necessarily reflect the views of GDFSUEZ Paris 13 th November Motivation 2 CEEME-DATE Private investors operate in a merchant world with different sources of uncertainty. These uncertainties have been increasing over time and are very hard to value.
— Investment in new generation is not well understood in a deregulated environment. While 20 years of literature focused on capacity expansion in a regulated world it is only since 2001 that researchers examine the gaming aspect of investment in electricity generation. The natural representation of a capacity expansion game has two stages: first to… (More)