{"title":"A bargaining model of regulated markets' integration with an application to electricity supply market","authors":"Wei Jing-Yuan, Y. Smeers, E. Canon","doi":"10.1109/EMPD.1995.500780","DOIUrl":null,"url":null,"abstract":"An integrated market organized by regulated electric utilities is modelled. It is assumed that, given a price vector for the exchange of electricity between each pair of neighboring utilities, utilities independently maximize their own domestic social welfare subject to the zero profit constraint. An equilibrium price vector for exchanges among utilities is defined as the one which clears the exchanges for all pair of business partners. A single piecewise linear model is formulated for computing market equilibria. The model is used to simulate the electricity supply market organised by 11 western European countries.","PeriodicalId":447674,"journal":{"name":"Proceedings 1995 International Conference on Energy Management and Power Delivery EMPD '95","volume":"18 1","pages":"0"},"PeriodicalIF":0.0000,"publicationDate":"1995-11-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"1","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Proceedings 1995 International Conference on Energy Management and Power Delivery EMPD '95","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.1109/EMPD.1995.500780","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
An integrated market organized by regulated electric utilities is modelled. It is assumed that, given a price vector for the exchange of electricity between each pair of neighboring utilities, utilities independently maximize their own domestic social welfare subject to the zero profit constraint. An equilibrium price vector for exchanges among utilities is defined as the one which clears the exchanges for all pair of business partners. A single piecewise linear model is formulated for computing market equilibria. The model is used to simulate the electricity supply market organised by 11 western European countries.
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