... 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
