An Electricity Market Model with Generation Capacity Investment under Uncertainty
Author
Abstract
Suggested Citation
Download full text from publisher
References listed on IDEAS
- Traber, Thure & Kemfert, Claudia, 2011.
"Gone with the wind? -- Electricity market prices and incentives to invest in thermal power plants under increasing wind energy supply,"
Energy Economics, Elsevier, vol. 33(2), pages 249-256, March.
- Thure Traber & Claudia Kemfert, 2009. "Gone with the Wind?: Electricity Market Prices and Incentives to Invest in Thermal Power Plants under Increasing Wind Energy Supply," Discussion Papers of DIW Berlin 852, DIW Berlin, German Institute for Economic Research.
- de Vries, Laurens & Heijnen, Petra, 2008. "The impact of electricity market design upon investment under uncertainty: The effectiveness of capacity mechanisms," Utilities Policy, Elsevier, vol. 16(3), pages 215-227, September.
- Grimm, Veronika & Zoettl, Gregor, 2008. "Strategic capacity choice under uncertainty: the impact of market structure on investment and welfare," FAU Discussion Papers in Economics 01/2008, Friedrich-Alexander University Erlangen-Nuremberg, Institute for Economics.
- Jean J. Gabszewicz & Sougata Poddar, 1997.
"Demand fluctuations and capacity utilization under duopoly,"
Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 10(1), pages 131-146.
- GABSZEWICZ, Jean J. & PODDAR , Sougata, 1995. "Demand Fluctuations and Capacity Utilization under Duopoly," LIDAM Discussion Papers CORE 1995051, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- Gabszewicz, J.J. & Poddar, S., 1997. "Demand fluctuations and capacity utilization under duopoly," LIDAM Reprints CORE 1269, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- Pierre-Olivier Pineau & Hasina Rasata & Georges Zaccour, 2011. "A Dynamic Oligopolistic Electricity Market with Interdependent Market Segments," The Energy Journal, International Association for Energy Economics, vol. 0(Number 4), pages 183-218.
- Genc, Talat S. & Sen, Suvrajeet, 2008. "An analysis of capacity and price trajectories for the Ontario electricity market using dynamic Nash equilibrium under uncertainty," Energy Economics, Elsevier, vol. 30(1), pages 173-191, January.
- Pineau, Pierre-Olivier & Rasata, Hasina & Zaccour, Georges, 2011. "Impact of some parameters on investments in oligopolistic electricity markets," European Journal of Operational Research, Elsevier, vol. 213(1), pages 180-195, August.
- Weigt, Hannes & Hirschhausen, Christian von, 2008.
"Price formation and market power in the German wholesale electricity market in 2006,"
Energy Policy, Elsevier, vol. 36(11), pages 4227-4234, November.
- Weigt, Hannes & von Hirschhausen, Christian, 2007. "Price Formation and Market Power in the German Wholesale Electricity Market in 2006," MPRA Paper 65662, University Library of Munich, Germany.
- Avinash K. Dixit & Robert S. Pindyck, 1994. "Investment under Uncertainty," Economics Books, Princeton University Press, edition 1, number 5474.
- Frederic H. Murphy & Yves Smeers, 2005. "Generation Capacity Expansion in Imperfectly Competitive Restructured Electricity Markets," Operations Research, INFORMS, vol. 53(4), pages 646-661, August.
- Veronika Grimm & Gregor Zoettl, 2006. "Capacity Choice under Uncertainty: The Impact of Market Structure," Working Paper Series in Economics 23, University of Cologne, Department of Economics.
- Weigt, Hannes & Jeske, Till & Leuthold, Florian & von Hirschhausen, Christian, 2010. ""Take the long way down": Integration of large-scale North Sea wind using HVDC transmission," Energy Policy, Elsevier, vol. 38(7), pages 3164-3173, July.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Filomena, Tiago Pascoal & Campos-Náñez, Enrique & Duffey, Michael Robert, 2014. "Technology selection and capacity investment under uncertainty," European Journal of Operational Research, Elsevier, vol. 232(1), pages 125-136.
- Gürkan, G. & Ozdemir, O. & Smeers, Y., 2013. "Strategic Generation Capacity Choice under Demand Uncertainty : Analysis of Nash Equilibria in Electricity Markets," Other publications TiSEM 6b9f0c3a-030e-41e7-8e04-6, Tilburg University, School of Economics and Management.
- Gürkan, G. & Ozdemir, O. & Smeers, Y., 2013. "Strategic Generation Capacity Choice under Demand Uncertainty : Analysis of Nash Equilibria in Electricity Markets," Discussion Paper 2013-044, Tilburg University, Center for Economic Research.
- Pineau, Pierre-Olivier & Rasata, Hasina & Zaccour, Georges, 2011. "Impact of some parameters on investments in oligopolistic electricity markets," European Journal of Operational Research, Elsevier, vol. 213(1), pages 180-195, August.
- Bajo-Buenestado, Raúl, 2017. "Welfare implications of capacity payments in a price-capped electricity sector: A case study of the Texas market (ERCOT)," Energy Economics, Elsevier, vol. 64(C), pages 272-285.
- Weigt, Hannes, 2009. "A Review of Liberalization and Modeling of Electricity Markets," MPRA Paper 65651, University Library of Munich, Germany.
- Ino, Hiroaki & Matsueda, Norimichi & Matsumura, Toshihiro, 2022.
"Market competition and strategic choices of electric power sources under fluctuating demand,"
Resource and Energy Economics, Elsevier, vol. 68(C).
- Hiroaki Ino & Norimichi Matsueda & Toshihiro Matsumura, 2021. "Market competition and strategic choices of electric power sources under fluctuating demand," Discussion Paper Series 223, School of Economics, Kwansei Gakuin University.
- Andreas Ehrenmann & Yves Smeers, 2011. "Generation Capacity Expansion in a Risky Environment: A Stochastic Equilibrium Analysis," Operations Research, INFORMS, vol. 59(6), pages 1332-1346, December.
- Castro-Rodriguez, Fidel & Marín, Pedro L. & Siotis, Georges, 2009.
"Capacity choices in liberalised electricity markets,"
Energy Policy, Elsevier, vol. 37(7), pages 2574-2581, July.
- Siotis, Georges & MarÃn Uribe, Pedro Luis & Castro-Rodriguez, Fidel, 2001. "Capacity Choices in Liberalized Electricity Markets," CEPR Discussion Papers 2998, C.E.P.R. Discussion Papers.
- Gabszewicz, Jean & Tarola, Ornella & Zanaj, Skerdilajda, 2010.
"On uncertainty when it affects successive markets,"
Economics Letters, Elsevier, vol. 106(2), pages 133-136, February.
- Jean Gabszewicz & Ornella Tarola & Skerdilajda Zanaj, 2009. "On uncertainty when it affects successive markets," DEM Discussion Paper Series 09-13, Department of Economics at the University of Luxembourg.
- GABSZEWICZ, Jean & TAROLA, Ornella & ZANAJ, Skerdilajda, 2010. "On uncertainty when it affects successive markets," LIDAM Reprints CORE 2356, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- GABSZEWICZ, Jean & TAROLA, Ornella & ZANAJ, Skerdilajda, 2009. "On uncertainty when it affects successive markets," LIDAM Discussion Papers CORE 2009027, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- Parilina, Elena & Sedakov, Artem & Zaccour, Georges, 2017. "Price of anarchy in a linear-state stochastic dynamic game," European Journal of Operational Research, Elsevier, vol. 258(2), pages 790-800.
- Jonas Egerer & Clemens Gerbaulet & Casimir Lorenz, 2013. "European Electricity Grid Infrastructure Expansion in a 2050 Context," Discussion Papers of DIW Berlin 1299, DIW Berlin, German Institute for Economic Research.
- Ketterer, Janina C., 2014.
"The impact of wind power generation on the electricity price in Germany,"
Energy Economics, Elsevier, vol. 44(C), pages 270-280.
- Janina Ketterer, 2012. "The Impact of Wind Power Generation on the Electricity Price in Germany," ifo Working Paper Series 143, ifo Institute - Leibniz Institute for Economic Research at the University of Munich.
- Glensk, Barbara & Madlener, Reinhard, 2017.
"Evaluating the Enhanced Flexibility of Lignite-Fired Power Plants: A Real Options Analysis,"
FCN Working Papers
107/2016, E.ON Energy Research Center, Future Energy Consumer Needs and Behavior (FCN).
- Glensk, Barbara & Madlener, Reinhard, 2017. "Evaluating the Enhanced Flexibility of Lignite-Fired Power Plants: A Real Options Analysis," FCN Working Papers 10/2016, E.ON Energy Research Center, Future Energy Consumer Needs and Behavior (FCN).
- Naoki Makimoto & Ryuta Takashima, 2023. "Capacity Market and Investments in Power Generations: Risk-Averse Decision-Making of Power Producer," Energies, MDPI, vol. 16(10), pages 1-19, May.
- Pinho, Joana & Resende, Joana & Soares, Isabel, 2018. "Capacity investment in electricity markets under supply and demand uncertainty," Energy, Elsevier, vol. 150(C), pages 1006-1017.
- Anette Boom & Stefan Buehler, 2020.
"Vertical structure and the risk of rent extraction in the electricity industry,"
Journal of Economics & Management Strategy, Wiley Blackwell, vol. 29(1), pages 210-237, January.
- Boom, Anette & Buehler, Stefan, 2018. "Vertical Structure and the Risk of Rent Extraction in the Electricity Industry," Working Papers 8-2018, Copenhagen Business School, Department of Economics.
- Meunier, Guy & Ponssard, Jean-Pierre, 2014.
"Capacity decisions with demand fluctuations and carbon leakage,"
Resource and Energy Economics, Elsevier, vol. 36(2), pages 436-454.
- Guy Meunier & Jean-Pierre Ponssard, 2013. "Capacity decisions with demand fluctuations and carbon leakage," Working Papers hal-00347650, HAL.
- Guy Meunier & Jean-Pierre Ponssard, 2014. "Capacity Decisions with Demand Fluctuations and Carbon Leakage," CESifo Working Paper Series 4627, CESifo.
- Guy Meunier & Jean-Pierre Ponssard, 2014. "Capacity decisions with demand fluctuations and carbon leakage [Choix d'investissement, variation de la demande et fuite de carbone]," Post-Print hal-02632588, HAL.
- Hitaj, Claudia & Löschel, Andreas, 2019.
"The impact of a feed-in tariff on wind power development in Germany,"
Resource and Energy Economics, Elsevier, vol. 57(C), pages 18-35.
- Hitaj, Claudia & Schymura, Michael & Löschel, Andreas, 2014. "The impact of a feed-in tariff on wind power development in Germany," ZEW Discussion Papers 14-035, ZEW - Leibniz Centre for European Economic Research.
- Meunier, Guy, 2010. "Capacity choice, technology mix and market power," Energy Economics, Elsevier, vol. 32(6), pages 1306-1315, November.
More about this item
JEL classification:
- C63 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Computational Techniques
- L13 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Oligopoly and Other Imperfect Markets
- L94 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Electric Utilities
NEP fields
This paper has been announced in the following NEP Reports:- NEP-ENE-2013-01-12 (Energy Economics)
- NEP-REG-2013-01-12 (Regulation)
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:zbw:vfsc12:62068. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: ZBW - Leibniz Information Centre for Economics (email available below). General contact details of provider: https://edirc.repec.org/data/vfsocea.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.