F in many industries experience protracted periods of pricing power, the ability to successfully enact price increases. In these situations, firms must decide not only whether to raise prices, but to whom. Specifically, in a competitive context, they must determine whether it is more profitable to increase prices across-the-board or to a specific segment of their customer base. While selective ...

the experience of countries that have liberalized their electricity markets has shown that the assumption that markets will naturally produce a competitive result is not always justified. the most important concern refers to the changes of demand and price which result in providers’ mistreatment. market power is typically defined as the ability to profitably alter prices away from competitive l...

This paper presents a novel indirect adaptive Power System Stabilizer (PSS) via a developed synergetic control methodology and fuzzy systems. Fuzzy system is utilized in an adaptive scheme to estimate the system using a nonlinear model. The synergetic control guarantees robustness of the controller and makes the controller easy to implement because of using a chatter free continuous control law...

Unlike perfect competitive markets, in oligopoly electricity markets due to strategic producers and transmission constraints GenCos may increase their own profit through strategic biddings. This paper investigates the problem of developing optimal bidding strategies of GenCos considering participants’ market power and transmission constraints. The problem is modeled as a bi-level optimizati...

Intensified industrialization in developing countries has recently resulted in huge electric power demand growth; however, electricity generation in these countries is still heavily reliant on inefficient and traditional non-renewable technologies. In this paper, we develop an integrated game-theoretic model for effective power systems planning thorough balancing between supply and demand for e...