Modeling day–ahead electricity prices

نویسنده

  • Juri Hinz
چکیده

Introducing a production–based approach, we take into account different attitudes and liabilities of market participants to discuss the equilibrium day–ahead prices on electricity. Conditions ensuring the existence of the equilibrium are given and price distribution is considered. We include a discussion of reasons for high price volatility.

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تاریخ انتشار 2003