On Nash equilibria in duopolistic power markets subject to make-whole uplift

Abstract

We consider a duopolistic power market in which firms bid their offer functions while abiding by capacity constraints. Minimal cost allocation decisions and marginal cost prices are determined through the solution of two optimization problems, the first a mixed-integer linear program (the unit commitment problem) and the second a related linear program (the… (More)
DOI: 10.1109/CDC.2012.6425983

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