Electricity Market of the Future: Potential North American Designs Without Fuel Costs

Electricity Market Price Volatility: The Importance of Ramping Costs

Although electricity market price behavior generally has been well studied in the last decade, the literature is sparse when discussing the importance of generator ramping costs to price volatility. This paper contributes to the literature by first formalizing the intuitive link between ramping costs and price volatility in a multi-period competitive equilibrium. The fundamental result of the m...

A Comparison of Electricity Market Designs in Networks

Two basic market designs are used for the trading of electricity in meshed electricity networks with transmission constraints. Analytical results show that, in two-node networks, a market design integrating transmission and energy markets reduces the ability of electricity generators to exercise market power, relative to a design with separated markets for transmission and energy designs. In mu...

Investigating the Competition Status and the Impact of Market Power on Electricity Price: Case of Iran's Wholesale Electricity Market

Policy makers need to be acquainted with market competition statue. it would ease the decision making and restructuring of market. The aim of this study is to measure the competition of the wholesale electricity market and then investigate the impact of market power on wholesale electricity price during 2013 to 2017. The Result shows that market share of P.U.s in the wholesale electricity marke...

How to Compare Fuel and Electricity Costs for Home Heating

Investigating the Competition Status and the Impact of Market Power on Electricity Price: Case of Iran's Wholesale Electricity Market

Policy makers need to be acquainted with market competition statue. it would ease the decision making and restructuring of market. The aim of this study is to measure the competition of the wholesale electricity market and then investigate the impact of market power on wholesale electricity price during 2013 to 2017. The Result shows that market share of P.U.s in the wholesale electricity marke...