Gaming and Price Spikes in Electric Power Markets

  title={Gaming and Price Spikes in Electric Power Markets},
  author={Xu Guan and Y. C. Ho and D. L. Pepyne},
  journal={IEEE Power Engineering Review},
Many challenging issues arise under the newly deregulated competitive electric power markets. Instead of centralized decision-making in a vertically integrated environment as in the past, decision-making is now decentralized and driven by market forces. Gaming and price spikes have been observed in almost every electricity market but explicit analysis of these phenomena is rare. In this paper we study historical bidding behavior to see how power suppliers and demand service providers were… CONTINUE READING
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