An equilibrium model for electricity auctions

Abstract

This work discusses the process of price formation for electrical energy within an auction–like trading environment. Calculating optimal bid strategies of power producers by equilibrium arguments, we obtain the corresponding electricity price and estimate its tail behavior.

Cite this paper

@inproceedings{Hinz2002AnEM, title={An equilibrium model for electricity auctions}, author={Juri Hinz}, year={2002} }