Strategic Behavior Assessment in an Oligopolistic Electricity Market
نویسنده
چکیده
The paper adopts the Conjectural Variation model for investigating firms’ strategic behaviors in the wholesale electricity market. The aim of the proposed approach is providing market actors with a tool able to simulate the oligopolistic market models. The tool, utilized by a Generating Company (GenCo), permits to foresee the rivals’ behaviors and builds the suitable supply bid curve for its own generating units. If a Market Operator adopts the tool, it is possible to detect if and how a GenCo exercises the market power. The procedure is applied to a market place composed by 5 GenCos sharing 54 generating units. Key-Words: Oligopolistic Electricity Markets, Strategic Behaviors, Conjectural Variation model
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