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Carbon in the Classroom: Lessons from a Simulation of California’s Electricity Market Under a Stringent Cap-and Trade System
Classroom Electricity Market
2015/7/31
To better understand how a cap-and-trade market might
function under high-carbon-price conditions, the authors
ran a simulation called the ‘Electricity Strategy Game’
created by Severin Borenstein ...
Generation capacity adequacy in the competitive electricity market
Deregulation Electricity market Market failure Regulation
2014/11/27
One of the challenges for power industry restructuring is to maintain sufficient generation installed capacity to meet demand in nowadays and in the future, and the electricity market failure in Calif...
Using forward markets to improve electricity market design
Electricity market design Forward market Capacity market Firm energy market
2014/11/27
Forward markets, both medium term and long term, complement the spot market for wholesale electricity. The forward markets reduce risk, mitigate market power, and coordinate new investment. In the med...
Sequential time-step generation companies decisions in oligopolistic electricity market
Cournot model Electricity markets Oligopolistic competition
2014/11/27
This paper studies the production decisions of generation companies (GENCOs) which are fully engaged in oligopolistic electricity markets. The model presented is based upon the static equilibrium mode...
Simulation of producers behaviour in the electricity market
Electricity market Nash equilibrium
2014/11/27
Simulation of the electricity market participant’s behaviour is important for producers and consumers to determine their bidding strategies and for regulating the market rules. In literature, for this...
Auction Mechanism Design in Wholesale Electricity Market Considering Impacts of Long-term Contract
long-term contract wholesale electricity market
2014/11/27
In wholesale electricity market, a generator with cost information advantage will submit a bid higher than its true cost, which may reduce the market efficiency. To solve this problem, this article de...