Models of Imperfect Competition in Analysis of Siberian Electricity Market

N.I. Aizenberg and M.A. Kiseleva
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N.I. Aizenberg: Energy Systems Institute, Siberian Branch of the Russian Academy of Sciences, Irkutsk, Russia
M.A. Kiseleva: Energy Systems Institute, Siberian Branch of the Russian Academy of Sciences, Irkutsk, Russia

International Journal of Energy Optimization and Engineering (IJEOE), 2014, vol. 3, issue 1, 12-27

Abstract: The paper considers mechanisms for organizing free trade in the electricity market that are based on submitting bids of energy consumers and producers to the market operator. The authors discuss and compare possible strategies of generator behavior that lead to different equilibrium situations and correspond to Cournot model and the models of supply function equilibria, and a perfectly competitive equilibrium. The mechanisms are tested on the basis of the Siberian electric power system.

Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:igg:jeoe00:v:3:y:2014:i:1:p:12-27

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