Auctions in the Electricity Market

• Corporate Author: SpringerLink (Online service)
• Other Authors: Schöne, Stefan (Editor)
• Format: Electronic eBook
• Language: English
• Published: Berlin, Heidelberg : Springer Berlin Heidelberg, 2009.
• Series: Lecture Notes in Economics and Mathematical Systems, 617
• Subjects: Energy systems.; Energy industries.; Economic theory.; Microeconomics.; Macroeconomics.; Environmental economics.; Economics.; Environmental Economics.; Energy Economics.; Macroeconomics/Monetary Economics//Financial Economics.; Energy Systems.; Economic Theory/Quantitative Economics/Mathematical Methods.

Electricity is an essential commodity traded at power exchanges. Its price is very volatile within a day and over the year. This raises questions about the efficiency of the trading rules. The author develops a non-cooperative auction model analyzing the bidding behavior of producers at power exchan...