Firm-based measurements of market power in transmission-constrained electricity markets

Yen Yu Lee; Ross Baldick; Jin Hur

doi:10.1109/TPWRS.2011.2157179

Firm-based measurements of market power in transmission-constrained electricity markets

Yen Yu Lee, Ross Baldick, Jin Hur

Climate and Energy Systems Engineering

Research output: Contribution to journal › Article › peer-review

34 Scopus citations

Abstract

In this paper, two different approaches to analyzing firm-based market power considering transmission constraints are proposed. One is an application of the transmission-constrained residual demand Jacobian, while the other is a generalization of the "residual supply index" to the case of transmission constraints. These two approaches provide complementary evaluations of market power. Medium- and large-scale system examples are provided to demonstrate computational efficiency, and both approaches could be applied to real-world electricity markets.

Original language	English
Article number	5876289
Pages (from-to)	1962-1970
Number of pages	9
Journal	IEEE Transactions on Power Systems
Volume	26
Issue number	4
DOIs	https://doi.org/10.1109/TPWRS.2011.2157179
State	Published - Nov 2011

Keywords

Electricity markets
market power
market power index
residual supply index
transmission constraints

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10.1109/TPWRS.2011.2157179

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abstract = "In this paper, two different approaches to analyzing firm-based market power considering transmission constraints are proposed. One is an application of the transmission-constrained residual demand Jacobian, while the other is a generalization of the {"}residual supply index{"} to the case of transmission constraints. These two approaches provide complementary evaluations of market power. Medium- and large-scale system examples are provided to demonstrate computational efficiency, and both approaches could be applied to real-world electricity markets.",

keywords = "Electricity markets, market power, market power index, residual supply index, transmission constraints",

author = "Lee, {Yen Yu} and Ross Baldick and Jin Hur",

note = "Funding Information: Manuscript received February 25, 2010; revised August 26, 2010, October 08, 2010, and November 16, 2010; accepted December 04, 2010. Date of publication June 16, 2011; date of current version October 21, 2011. This work was supported by the National Science Foundation under grant number ECCS-0801511. Paper no. TPWRS-00152-2010.",

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Firm-based measurements of market power in transmission-constrained electricity markets

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Keywords

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