An Oligopolistic Electricity Market Model with Tradable NOx Permits

  title={An Oligopolistic Electricity Market Model with Tradable NOx Permits},
  author={F D Richard Hobbs},
Models based on linear complementarity problem (LCP) formulations have been applied previously to assess the potential for exercise of market power in transmission constrained electricity markets. Here, we use that approach to simulate the interaction of pollution permit markets (in particular, the USEPA Ozone Transport Commission (OTC) NOx Budget Program) with electricity markets in the presence of market power. Because: the permits program is regional rather than national in scope and some… CONTINUE READING
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