One of the main concerns with the introduction of competition in the power sector is the strategic behaviour of market participants. Computable models of strategic behaviour are becoming increasingly important to understand the complexities of competition. Such models can help analyze market designs and regulatory policies. In this thesis, further developments on the modelling and analysis of s...

We develop a simple mathematical model describing the dynamics of gender gap in labor market niche and study effects bias, size, dynamism evolution system. A high-level characterization system is suggested by studying large sample parameter space, specific cases interest to policy-making are explored. This paper aims present that serves as tool examine implications policy decisions explore some...

This paper addresses the possibility of capacity withholding by energy producers, who seek to increase the market price and their own profits. The energy market is simulated as an iterative game, where each state game corresponds to an hourly energy auction with uniform pricing mechanism. The producers are modeled as agents that interact with their environment through reinforcement learning (RL...

a r t i c l e i n f o In this paper we develop an auction mechanism that is designed for a local energy market. It aims to enable regionally or virtually restricted trading of ancillary services, which enhances the position of the balance group responsible party beyond that of simple accounting. Furthermore, it makes local market participants somewhat more independent from the transmission grid...

eographic markets are currently defined by market analysts at each of the twelve Federal Reserve Banks, with oversight by the Federal Reserve Board and even the U.S. Supreme Court. In 1963, in U.S. v. Bank of Philadelphia, the Court ruled that the market for bank deposits is local. That 1963 ruling still unifies market analysis at each of the twelve Reserve Banks. The flavor of analysis differs...

A rapidly growing amount of small-scale distributed energy resources (DERs) integrated into distribution systems call for an effective electricity market to manage the uncertainty DERs and remove barriers participation in wholesale markets. To this end, paper proposes uncertainty-aware locational marginal pricing (DLMP) mechanism based on robust optimization day-ahead markets within a transmiss...

This article presents a new approach for finding the optimal multimarket trading strategy of cascaded hydropower plants (HPPs) in sequential electricity markets. These markets are day-ahead energy market, market frequency containment reserve normal mode (FCR-N), and manual restoration both production capacity reserve. The active-time duration (ATD) an mFRR offer is important required parameter ...