Equilibria on the Day-Ahead Electricity Market
Abstract: In the energy sector, there has been a transition from monopolistic to oligopolistic situations (pool markets); each time more companies' optimization revenues depend on the strategies of their competitors. The market rules vary from country to country. In this work, we model the Iberian Day-Ahead Duopoly Market and find exactly which are the outcomes (Nash equilibria) of this auction using game theory.
Keywords: Duopoly; Nash Equilibria; Day-Ahead Market
Category 1: Other Topics (Game Theory )
Category 2: Applications -- OR and Management Sciences (Finance and Economics )
Citation: Margarida Carvalho, João Pedro Pedroso. Equilibria on the Day-Ahead Electricity Market , Technical Report DCC-2012-06, DCC - FC, Universidade do Porto, September, 2012.
Entry Submitted: 09/10/2012
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