Electricity market modeling trends

By Mariano Ventosa, Á. Baíllo, Andrés Ramos, Michel M. Rivier. 2005

805 citations recorded by the source corpus.

Subfields: Electrical and Electronic Engineering, Safety, Risk, Reliability and Quality

View Paper: https://www.semanticscholar.org/paper/7aea340b2ee1429df1fc290cb9ad6e8e8b73afc9

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In Electrical and Electronic Engineering

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Citations in the corpus

Point and Interval Forecasting of Spot Electricity Prices: Linear vs. Non-Linear Time Series Models (2006, neutral): “In general, two types of equilibrium approaches have been proposed (Ventosa et al., 2005): the Cournot-Nash framework, which tends to provide higher prices than those observed in reality, and the supply function equilibrium framework, which requires considerable numerical computations and, consequen”
Complexity and the Economics of Climate Change: A Survey and a Look Forward (2017, neutral): “One of the key parameters in Vona and Patriarca (2011) was the learning rate.”
Optimal Bidding Strategies for Hydro-Electric Producers: A Literature Survey (2014, background): “Detailed surveys that document work in this area can be found in [3], [5], and [7].”
Modeling and forecasting electricity prices with input/output hidden Markov models (2005, background): “, Nash equilibrium) as a key point [5].”
Electricity price forecasting: A review of the state-of-the-art with a look into the future (2014, background): “As Ventosa et al. (2005) remark, capacity-investment decisions are the main variables, and unit-commitment decisions are usually neglected in this context.”
Modeling Strategic Electricity Storage: The Case of Pumped Hydro Storage in Germany (2011, neutral): “Ventosa et al. (2005) review and classify various electricity market model types and show that partial equilibrium models are most suitable for market power analyses as these are able to deal with simultaneous profit maximization problems of all players in the market.”
Competition in Electricity Markets with Renewable Energy Sources (2017, background): “4 Ventosa, Baill and Rivier (2005) and Willems, Rumiantseva and Weigt (2009) have detailed discussions about the pros and cons of Cournot and SFE models.”
The impact of CO2 emissions trading on firm profits and market prices (2006, background): “…has been introduced in order to reflect a greater degree of compromise between profit maximization and long-term market share, specifically to ensure that price increases do not stimulate the entry of new firms to a degree that would reduce the incumbents’ profits (see Ventosa et al., 2005).”
A Review of the Monitoring of Market Power The Possible Roles of TSOs in Monitoring for Market Power Issues in Congested Transmission Systems (2005, background): “Several models of strategic interaction on networks have been developed (see reviews by Daxhalet and Smeers, 2001; Day et al., 2002; Ventosa et al., 2004).”
Co-optimization of electricity transmission and generation resources for planning and policy analysis: review of concepts and modeling approaches (2016, background): “, [13, 14, 15, 16]), electricity market simulation [17], and transmission expansion planning (TEP) (e.”
Introduction to Energy Systems Modelling (2012, background): “…well suited to the more recent framework which developed due to the electricity sector being restructured and liberalised in most countries (Linares et al., 2008) and therefore several scientists have developed models that also consider imperfect competition as reviewed in Ventosa et al. (2005).”