Equilibria in two-stage electricity markets

Abstract

Most electricity markets have multiple stages, which include one or more forward markets and the spot market. We consider two stages - a day-ahead market and a real-time market. We study equilibrium outcomes in such markets assuming demand to be deterministic. We show via counterexamples that in such two-stage electricity markets, (i) a Nash equilibrium may… (More)
DOI: 10.1109/CDC.2015.7403136

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Cite this paper

@article{Gupta2015EquilibriaIT, title={Equilibria in two-stage electricity markets}, author={Abhishek Gupta and Rahul Jain and Kameshwar Poolla and Pravin Varaiya}, journal={2015 54th IEEE Conference on Decision and Control (CDC)}, year={2015}, pages={5833-5838} }