Alternative Models of Restructured Electricity Systems, Part 1: No Market Power

Jacqueline Boucher and Yves Smeers
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Jacqueline Boucher: Center for Operations Research and Econometrics, Université Catholique de Louvain, 34 Voie du Roman Pays, 1348 Louvain-La-Neuve, Belgium
Yves Smeers: Center for Operations Research and Econometrics, Université Catholique de Louvain, 34 Voie du Roman Pays, 1348 Louvain-La-Neuve, Belgium

Operations Research, 2001, vol. 49, issue 6, 821-838

Abstract: Different equilibrium concepts have been proposed by various authors (Schweppe et al., Hogan et al., Chao and Peck, Wu et al.) to analyse competitive electricity systems. We establish correspondences between these different models through a single framework and provide additional interpretations of these equilibrium concepts. This unifying conceptual view also provides a computationally feasible approach to simulate the market. It also opens the way to the modeling of some imperfect markets.

Keywords: Economics: equilibrium models of restructured electricity systems; Electric industries: equivalence between restructuring models; Complementary programming: models of restructured electricity systems (search for similar items in EconPapers)
Date: 2001
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Citations: View citations in EconPapers (37)

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Persistent link: https://EconPapers.repec.org/RePEc:inm:oropre:v:49:y:2001:i:6:p:821-838

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