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

Multicommodity spatial Cournot model for generator bidding analysis

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

1 Author(s)
Chattopadhyay, D. ; Asia Pacific Ltd., Wellington, New Zealand

Conventional behavioral models such as Cournot to analyze generator behavior do not reflect many of the complexities of advanced electricity markets. Dispatch and pricing in a number of advanced pool-based electricity markets worldwide explicitly recognize the co-optimization of ancillary services as well as transmission constraints. This paper discusses the development of, and experiments with, a multimarket Cournot model that deals with co-optimization of multiple commodities namely, energy and various classes of ancillary services and deals with transmission constraints that separate these commodity markets spatially. We also discuss the multimarket extension of the Cournot model to deal with bilateral contracts (for energy). A nonlinear programming formulation of the proposed model and the analysis of nodal prices are presented followed by a detailed set of experiments using a simple three-node system. The model is expected to add to understanding of complex interactions between energy and ancillary services markets, and further the impact transmission capacity limits may have on exercise of market power of each of these markets.

Published in:

Power Systems, IEEE Transactions on  (Volume:19 ,  Issue: 1 )

Date of Publication:

Feb. 2004

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.