Market power and trading strategies on the electricity market: a market design view

Abstract

In this paper, we examine auction-based electricity markets from the viewpoint of a power company in order to evaluate the market design. Optimal trading strategies under uncertainty are developed by abolishing the widespread assumption that a single company has no influence on the market price. The resulting trading strategies explain the high prices and… (More)

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@article{Reinisch2006MarketPA, title={Market power and trading strategies on the electricity market: a market design view}, author={Walter Reinisch and Takehito Tezuka}, journal={IEEE Transactions on Power Systems}, year={2006}, volume={21}, pages={1180-1190} }