Modeling methods for GenCo bidding strategy optimization in the liberalized electricity spot market–A state-of-the-art review

G Li, J Shi, X Qu - Energy, 2011 - Elsevier
The electricity market has since 1980s been gradually evolving from a monopoly market into
a liberalized one for encouraging competition and improving efficiency. This brings the …

A review of market power‐mitigation mechanisms in electricity markets

X Lin, B Wang, Z Xiang, Y Zheng - Energy Conversion and …, 2022 - Wiley Online Library
Participants in the supply and demand sides of electricity markets can potentially exercise
their market power for their benefits. Hence, market power mitigation is an essential …

Supply chain coordination and decision making under consignment contract with revenue sharing

S Li, Z Zhu, L Huang - International Journal of Production Economics, 2009 - Elsevier
Consignment contract with revenue sharing has been widely applied in many industries and
is especially popular in on-line marketplaces. In this paper we consider a supply chain with …

Capacity sharing, product differentiation and welfare

J Chen, X Wang, Z Chu - Economic research-Ekonomska …, 2020 - Taylor & Francis
This article constructs a duopoly market with product differentiation and analyses profits,
consumer surplus and social welfare under three conditions:(a) two enterprises have …

Optimal bidding strategy of wind power producers in pay-as-bid power markets

K Afshar, FS Ghiasvand, N Bigdeli - Renewable Energy, 2018 - Elsevier
This paper presents a method to determine the optimal bidding strategy of the wind power
producers with market power for a strategic presence in the day-ahead market with pay as …

Understanding how generation flexibility and renewable energy affect power market competition

M Al-Gwaiz, X Chao, OQ Wu - Manufacturing & Service …, 2017 - pubsonline.informs.org
We study supply function competition among conventional power generators with different
levels of flexibility and the impact of intermittent renewable power generation on the …

[PDF][PDF] Economics of grid-scale energy storage

O Karaduman - Job market paper, 2020 - iaee2021online.org
The transition to a low-carbon electricity system is likely to require grid-scale energy storage
to smooth the variability and intermittency of renewable energy. I investigate whether private …

A hybrid approach based on IGDT–MPSO method for optimal bidding strategy of price-taker generation station in day-ahead electricity market

S Nojavan, K Zare, MA Ashpazi - International Journal of Electrical Power & …, 2015 - Elsevier
This paper considers a price-taker generation station producer that participates in a day-
ahead market. The producer behaves as a price-taker participant in the day-ahead electricity …

An analysis of cost-reduction innovation under capacity constrained inputs

P Nie, C Wang - Applied Economics, 2019 - Taylor & Francis
This article focuses on duopoly cost-reduction innovation with the upstream input subjected
to capacity constraints. By two-stage duopoly model, some interesting conclusions are …

[HTML][HTML] Energy Transition and the role of new natural gas turbines for power production: The case of GT11N2 M generators

TS Genc - Energy Economics, 2024 - Elsevier
Abstract We study General Electric's new combined-cycle natural gas generator called
GT11N2 M upgrade and quantify its economic benefits and the environmental implications …