market power

On a Tractable Single-Level Reformulation of a Multilevel Model of the European Entry-Exit Gas Market with Market Power

  • Veronika Grimm
  • Julia Grübel
  • Martin Schmidt
  • Alexandra Schwartz
  • Gregor Zöttl
  • Ann-Kathrin Wiertz
    • Categories Complementarity and Variational Inequalities, Energy Tags , , ,

    We propose a framework that allows to quantitatively analyze the interplay of the different agents involved in gas trade and transport in the context of the European entry-exit system. While previous contributions focus on the case of perfectly competitive buyers and sellers of gas, our novel framework considers the mathematically more challenging case of a … Read more

    Numerical Study of Affine Supply Function Equilibrium in AC Network-Constrained Markets

  • Miguel F. Anjos
  • Guillermo Bautista
  • Anthony Vannelli
    • Categories Applications - Science and Engineering, Constrained Nonlinear Optimization, Game Theory Tags , , , , , , ,

    An affine supply function equilibrium (SFE) approach is used to discuss voltage constraints and reactive power issues in the modeling of strategic behavior. Generation companies (GenCos) can choose their bid parameters with no restrictions for both energy and spinning reserves. The strategic behavior of generators is formulated as a multi-leader single-follower game. Each GenCo is … Read more