Engineering
8 years ago

Generator Ownership in Electricity Markets: Unleashing Market Power

Lecture notes in energy
Generator Ownership of Financial Transmission Rights and Market Power
Manho Joung, Ross Baldick, Tarjei Kristiansen

Paper Summary

The article discusses how game theory can help understand electricity markets, where a few big players can influence prices. Different models show how these players compete, with Cournot models being simpler and more practical for short-term analysis.

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