Currently, many socially responsible governments adopt economic incentives and deterrents to manage environmental impacts of electricity suppliers. Considering the Stackelberg leadership of the government, the government’s role in the competition of power plants in an electricity market is investigated. A one-population evolutionary game model of power plants is developed to study how their pro...

This is a project report from the Power Systems Engineering Research Center (PSERC). PSERC is a multi-university Center conducting research on challenges facing a restructuring electric power industry and educating the next generation of power engineers. More information about PSERC can be found at the Center's website: Notice Concerning Copyright Material PSERC members are given permission to ...

Italy adopted the European Union Directives for the liberalisation of electricity and natural gas markets by means of two legislative decrees issued in February 1999 (electricity) and May 2000 (natural gas). Consequently, the Italian electricity monopolist Enel was obliged to sell 15,000 megawatts of its installed capacity to other operators, in order to promote competition in power generation....

Electricity market activities and a growing demand for electricity have led to heavily stressed power systems. This requires operation of the networks closer to their stability limits. Cost effective solutions are preferred over network extensions. The flexible alternating current transmission system (FACTS), a new technology based on power electronics, offers an opportunity to enhance controll...

In this paper, considering real time wind power uncertainties, the strategic behaviors of wind power producers adopting two different bidding modes in day-ahead electricity market is modeled and experimentally compared. These two different bidding modes only provide a wind power output plan and a bidding curve consisting of bidding price and power output, respectively. On the one hand, to signi...

In this paper capacity withholding in an oligopolistic electricity market that all Generation Companies (GenCos) bid in a Cournot model is analyzed and the capacity withheld index, the capacity distortion index and the price distortion index are obtained and formulated. Then a new index, Distortion-Withheld Index (DWI), is proposed in order to measure the potential ability of market for capacit...

Making targeted subsidies and the process of releasing energy market and specified criteria for the quality of energy delivered to consumers shows the necessity for the explanation of energy production in Iran. In the meantime, thermal power plants produce about 85% of electricity in Iran. Steam and gas turbine power plants have created the vast capacity of power generation in thermal plants, b...

Conventional wisdom suggests that competitive wholesale electricity markets are not feasible in most developing countries. However, systematic analyses of the feasibility of wholesale competition in a specific developing country are rare. I model a potential wholesale electricity market in Maharashtra (MH) state, India in a Cournot framework to analyze the circumstances under which it could be ...

When electricity becomes deregulated the price of electricity is not determined by a regulatory authority but by market demand and supply conditions. Electricity cannot be stored and needs to be produced at the same rate at which it is produced. Thus, if any of the cheaper generating units fails a more expensive unit needs to be brought into operation in order to meet the demand. This increased...

The European Emissions Trading Scheme (ETS) limits CO2 emissions from covered sectors, especially electricity until December 2007, after which a new set of Allowances will be issued. The paper demonstrates that the impact of controlling the quantity rather than the price of carbon is to reduce the elasticity of demand for gas, amplifying the market power of gas suppliers, and also amplifying th...