Cart (Loading....) | Create Account
Close category search window
 

Market power and trading strategies on the electricity market: a market design view

Sign In

Cookies must be enabled to login.After enabling cookies , please use refresh or reload or ctrl+f5 on the browser for the login options.

Formats Non-Member Member
$31 $13
Learn how you can qualify for the best price for this item!
Become an IEEE Member or Subscribe to
IEEE Xplore for exclusive pricing!
close button

puzzle piece

IEEE membership options for an individual and IEEE Xplore subscriptions for an organization offer the most affordable access to essential journal articles, conference papers, standards, eBooks, and eLearning courses.

Learn more about:

IEEE membership

IEEE Xplore subscriptions

2 Author(s)
Reinisch, W. ; Graduate Sch. of Energy Sci., Kyoto Univ. ; Tezuka, T.

In this paper, we examine auction-based electricity markets from the viewpoint of a power company in order to evaluate the market design. Optimal trading strategies under uncertainty are developed by abolishing the widespread assumption that a single company has no influence on the market price. The resulting trading strategies explain the high prices and the high volatility observed in real electricity auction markets and show to what extent power companies can manipulate the market price. From these trading strategies, we derive critical points in market design and formulate necessary and sufficient conditions that characterize a competitive electricity auction market. Unfortunately, these conditions are far from being realizable in practice, from which follows that electricity auction markets cannot be competitive

Published in:

Power Systems, IEEE Transactions on  (Volume:21 ,  Issue: 3 )

Date of Publication:

Aug. 2006

Need Help?


IEEE Advancing Technology for Humanity About IEEE Xplore | Contact | Help | Terms of Use | Nondiscrimination Policy | Site Map | Privacy & Opting Out of Cookies

A not-for-profit organization, IEEE is the world's largest professional association for the advancement of technology.
© Copyright 2014 IEEE - All rights reserved. Use of this web site signifies your agreement to the terms and conditions.