O. Estrada-Cruz, G. Gutiérrez-Alcaraz, J. Tovar-Hernández
{"title":"Discrete Time Cournot Model for Electricity Market Simulation","authors":"O. Estrada-Cruz, G. Gutiérrez-Alcaraz, J. Tovar-Hernández","doi":"10.1109/CERMA.2008.27","DOIUrl":null,"url":null,"abstract":"Oligopolistic static equilibrium models are widely used in electricity market analysis. However, the repeated bidding process in real-life electricity markets calls for dynamic models. This paper formulates the classical Cournot model in a discrete-time linear system framework that permits close study of generation companiespsila dynamic decisions and their impacts on wholesale electricity markets. Network losses are also included.","PeriodicalId":126172,"journal":{"name":"2008 Electronics, Robotics and Automotive Mechanics Conference (CERMA '08)","volume":"3 1","pages":"0"},"PeriodicalIF":0.0000,"publicationDate":"2008-09-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"1","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"2008 Electronics, Robotics and Automotive Mechanics Conference (CERMA '08)","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.1109/CERMA.2008.27","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
引用次数: 1
Abstract
Oligopolistic static equilibrium models are widely used in electricity market analysis. However, the repeated bidding process in real-life electricity markets calls for dynamic models. This paper formulates the classical Cournot model in a discrete-time linear system framework that permits close study of generation companiespsila dynamic decisions and their impacts on wholesale electricity markets. Network losses are also included.