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dc.contributor.authorEhrenmann, A.en_GB
dc.contributor.authorNeuhoff, Karstenen_GB
dc.date.accessioned2004-06-16T16:05:34Z
dc.date.available2004-06-16T16:05:34Z
dc.date.created2003-09en_GB
dc.date.issued2004-06-16T16:05:34Z
dc.identifier.urihttp://www.dspace.cam.ac.uk/handle/1810/373
dc.identifier.urihttps://www.repository.cam.ac.uk/handle/1810/373
dc.description.abstractIn the real world two classes of market designs are implemented to trade electricity in transmission constrained networks. Analytical results show that in two node networks integrated market designs reduce the ability of electricity generators to exercise market power relative to separated market designs. In multi node networks countervailing effects make an analytic analysis difficult. We present a formulation of both market designs as an equilibrium problem with equilibrium constraints. We find that in a realistic network, prices are lower with the integrated market design.en_GB
dc.format.extent371696 bytes
dc.format.mimetypeapplication/pdfen_GB
dc.format.mimetypeapplication/pdf
dc.language.isoen_GB
dc.publisherFaculty of Economics
dc.relation.ispartofseriesCambridge Working Papers in Economics
dc.rightsAll Rights Reserveden
dc.rights.urihttps://www.rioxx.net/licenses/all-rights-reserved/en
dc.titleA Comparison of Electricity Market Designs in Networksen_GB
dc.typeWorking Paperen
dc.identifier.doi10.17863/CAM.5024


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