Study of strategic behavior impact in the spot market on capacity expansion using a linearised EPEC

Efraim Centeno, Sonja Wogrin, Julián Barquín

Publikation: KonferenzbeitragAbstractBegutachtung


Capacity expansion decisions are represented using a bilevel approach (EPEC). In the upper level the competing generation companies maximize their individual profits, while the lower level represents the spot markets using a conjectured price-response approach. This model is linearised and solved to show the solution variation with respect to the level of competence in the spot market and that the market equilibrium can have multiple solutions with investments level that vary significantly.
PublikationsstatusVeröffentlicht - 2012
Extern publiziertJa
VeranstaltungINFORMS 2012 Annual Meeting - Phoenix, USA / Vereinigte Staaten
Dauer: 14 Okt. 201217 Okt. 2012


KonferenzINFORMS 2012 Annual Meeting
Land/GebietUSA / Vereinigte Staaten

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