In this section
@inproceedings{Papadaskalopoulos and Ye:2018,
author = {Papadaskalopoulos and Ye, Y and strbac},
publisher = {IEEE},
title = {Exploring the Role of Demand Shifting in Oligopolistic Electricity Markets},
url = {http://hdl.handle.net/10044/1/55143},
year = {2018}
}
TY - CPAPER
AB - Previous work has demonstrated that the priceelasticity of the demand side reduces electricity producers’ability to exercise market power. However, price elasticitycannot capture alone consumers’ flexibility, as the latter mainlyinvolves shifting of loads’ operation in time. This paper providesfor the first time qualitative and quantitative analysis of thevalue of demand shifting in mitigating market power by thegeneration side. An equilibrium programming model of theoligopolistic market setting is developed, taking into account theinter-temporal characteristics of demand shifting. The decisionmaking process of each strategic producer is modelled through abi-level optimization problem, which is solved aftertransforming it to a Mathematical Program with EquilibriumConstraints (MPEC). The market equilibria resulting from theinteraction of multiple independent producers are determinedby employing an iterative diagonalization method. Case studieson a test market with day-ahead horizon and hourly resolutionquantitatively demonstrate the benefits of demand shifting inlimiting generation market power, by employing relevantindexes from the literature.
AU - Papadaskalopoulos
AU - Ye,Y
AU - strbac
PB - IEEE
PY - 2018///
TI - Exploring the Role of Demand Shifting in Oligopolistic Electricity Markets
UR - http://hdl.handle.net/10044/1/55143
ER -