Abstract
In this paper, we introduce four new indices of market power in transmission-constrained electricity markets that are based on economic principles together with faithful representation of the effects of Kirchhoff's laws.
| Original language | English |
|---|---|
| Article number | 5557794 |
| Pages (from-to) | 681-689 |
| Number of pages | 9 |
| Journal | IEEE Transactions on Power Systems |
| Volume | 26 |
| Issue number | 2 |
| DOIs | |
| State | Published - May 2011 |
Bibliographical note
Funding Information:Manuscript received September 15, 2009; revised September 21, 2009, February 11, 2010, May 30, 2010, and June 17, 2010; accepted June 21, 2010. Date of publication August 26, 2010; date of current version April 22, 2011. This work was supported by the National Science Foundation under grant number ECCS-0801511. Paper no. TPWRS-00735-2009.
Keywords
- Electricity markets
- market power
- transmission constraints