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Application of supply function equilibrium model to describe the interaction of generation companies in the electricity market

... producers to the market operator. We investigate supply function equilibrium (SFE) model, in which generation capacities are integrated into large generation companies that have a common purpose of maximizing their profits. For this case we prove the existence and uniqueness of equilibrium for a linear function of aggregate demand and quadratic costs. The mechanism is tested on the basis of the Siberian electric power system, Russia. © Springer International Publishing Switzerland 2016. входит

Теги: competition , electric industry , electric power systems , operations research , optimization , power markets , existence and uniqueness , generation capacity , generation companies , liberalization , oligopoly
Раздел: ИСЭМ СО РАН


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