An empirical approach of modelling electricity prices in an oligopoly market
Most of the electricity markets are an oligopoly rather than perfect competition. In an oligopolistic market, generators tend to increase their profits by raising their bid prices, increasing the market price and hence favoring the investment in a new power plant. This paper proposes a new empirical...
| Published in: | PECon 2012 - 2012 IEEE International Conference on Power and Energy |
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| Main Author: | |
| Format: | Conference paper |
| Language: | English |
| Published: |
2012
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| Online Access: | https://www.scopus.com/inward/record.uri?eid=2-s2.0-84874452129&doi=10.1109%2fPECon.2012.6450218&partnerID=40&md5=37cfadc0462a43a701909287da368c9f |