Application of supply function equilibrium model to describe the interaction of generation companies in the electricity market
The paper studies the trade in the spot electricity market based on submitting bids of energy consumers and 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.
Библиографическая ссылка
Aizenberg N. Application of supply function equilibrium model to describe the interaction of generation companies in the electricity market // Lecture Notes in Computer Science (including subseries Lecture Notes in Artificial Intelligence and Lecture Notes in Bioinformatics). Vol.9869 LNCS. 2016. P.469-479. ISBN (print): 9 783 319 . DOI: 10.1007/978-3-319-44914-2_37
