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Medium-term marginal costs in competitive generation power markets

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3 Author(s)
Reneses, J. ; Inst. de Investigacion Tecnologica, Univ. Pontificia Comillas, Madrid, Spain ; Centeno, E. ; Barquin, J.

The meaning and significance of medium-term marginal costs for a generation company in a competitive power market in analysed. A methodology to compute and decompose medium-term generation marginal costs in a competitive environment is proposed. The methodology is based on a market equilibrium model. The aim is to provide a useful tool for generation companies so that they can manage their resources in an optimal way, helping them with their operation, decision-making processes, asset valuations or contract assessments.

Published in:

Generation, Transmission and Distribution, IEE Proceedings-  (Volume:151 ,  Issue: 5 )