abstract: the main goal of this paper is to modeling of producers’ strategic suggestions for each electricity manufacturer in an oligopolistic structure. according to the proposed structure of the electricity market modeling; this paper uses a dynamic model based on cournot equilibrium. due to the large volume of required information, the implementation of the model is limited to a regional ele...

E®ective competition in wholesale electricity markets is a necessary feature of a successful electricity supply industry restructuring. We examine the degree of competition in the California wholesale electricity market during the period June 1998 to September 1999 by comparing the market prices with estimates of the prices that would have resulted if owners of instate fossil fuel generating fa...

In a competitive electricity market environment, power producers and consumers need, on one hand, accurate load and/or electricity consumption forecasting tools. These tools will ensure an a-priori knowledge on the amount of energy needed for production. On the other hand, forecasting electricity prices, may play a very important role for producers and consumers when planning bidding strategies...

The integration of markets may improve efficiency by lowering costs or reducing local market power. India, seeking to reduce electricity shortages, recently set up a market for power trade, in which transmission constraints bind nearly half the time, limiting competition between regions and raising prices by forty percent. I use confidential data on bidding to estimate the costs of electricity ...

We appraise the theoretical basis and the consequent empirical work of Frank Wolak in his study of the New Zealand Electricity Market in a report to the New Zealand Commerce Commission released in March 2009. The report found no multilateral actions, but concluded there was evidence of unilateral market power. We find that the theoretical and empirical methodologies employed to reach this posit...

The electricity market, monopolistic in nature, with government price regulation, poses a serious challenge for policy makers with respect to the cost-effectiveness of emissions trading, particularly in Asian countries. This paper argues that a cap-and-trade regulatory system for indirect emissions combined with a rate-based allocation system for direct emissions can achieve market efficiency e...

This paper argues that the market rules governing the operation of a re-structured electricity market in combination with its market structure can have a substantial impact on behavior of marketclearing prices. Using evidence on the design of electricity markets in England and Wales, Norway, the state of Victoria in Australia and New Zealand, this paper illustrates that market structure and mar...

The intermittent nature of the renewable energies increases the operation costs of conventional generators. As the share of energy supplied by renewable sources increases, these costs also increase. In this paper, we quantify these costs by developing a market clearing price of energy in the presence of renewable energy and congestion constraints. We consider an electricity market where generat...

In recent years, the power systems of many countries have been restructured. Different models of electricity market emerged. A simulator that can serve as an educational tool, an evaluation tool, and a training tool would especially be useful for countries that are contemplating restructuring. A power market has significant requirements on platform independent and interactive capabilities, In t...