On the supply function equilibrium and its applications in electricity markets

  title={On the supply function equilibrium and its applications in electricity markets},
  author={Aleksandr Rudkevich},
  journal={Decision Support Systems},
The paper deals with the Supply Function Equilibrium (SFE) as a model of competition in electricity markets. It introduces theoretical advancement through relaxing traditional assumptions of continuity of supply functions and provides a foundation for efficient computational algorithms. Two special examples are considered. One demonstrates that continuous equilibrium could be impossible while an infinite set of discontinuous equilibria exists. Another example proves the convergence to a linear… CONTINUE READING
Highly Cited
This paper has 33 citations. REVIEW CITATIONS

From This Paper

Topics from this paper.


Publications citing this paper.
Showing 1-10 of 25 extracted citations

A two stage stochastic equilibrium model for electricity markets with forward contracts

2010 IEEE 11th International Conference on Probabilistic Methods Applied to Power Systems • 2010
View 4 Excerpts
Highly Influenced

Study on bidding strategies of power producers

2011 International Conference on Electrical and Control Engineering • 2011
View 2 Excerpts
Highly Influenced

Parameterized supply function equilibrium in power networks

2016 IEEE 55th Conference on Decision and Control (CDC) • 2016

Distributed optimization decomposition for joint economic dispatch and frequency regulation

2015 53rd Annual Allerton Conference on Communication, Control, and Computing (Allerton) • 2015


Publications referenced by this paper.
Showing 1-10 of 13 references

Optimal Offer Construction in Electricity Markets

Math. Oper. Res. • 2002
View 5 Excerpts
Highly Influenced

The Electricity Contract Market in England and Wales

R. J. Green
Journal of Industrial Economics, 47(1) • 1997
View 7 Excerpts
Highly Influenced

The Theory of Learning in Games (The

D. Fudenberg, D. K. Levine
View 2 Excerpts

Linear Supply Function Equilibrium: Generalizations, Application, and Limitations, POWER Working Paper PWP-078, University of California Energy

R. Baldick, R. Grant, E. Kahn
View 1 Excerpt

Supply Function Equilibrium in Power Markets: Learning

A. Rudkevich
All the Way, • 1999
View 2 Excerpts


D. M. Newbery
Contracts and Entry in the Electricity Spot Market, Rand Journal of Economics, 29 • 1998
View 1 Excerpt

Increasing Competition in the British Electricity Spot Market

R. J. Green
Journal of Industrial Economics, 44 • 1996

Similar Papers

Loading similar papers…