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Rolling horizon market clearing and incentives to bid consistently
RISE - Research Institutes of Sweden, Säkerhet och transport, Mätteknik.
RISE - Research Institutes of Sweden, Säkerhet och transport, Mätteknik.
2018 (engelsk)Inngår i: International Conference on the European Energy Market, EEM, 2018Konferansepaper, Publicerat paper (Fagfellevurdert)
Abstract [en]

Some real-time electricity markets use a rolling horizon approach to clear supply and demand. Using a model of a rolling horizon market, this paper analyzes the incentives of market participants to place bids for future time-periods that are consistent with what they intend to bid for the same time-period in later market clearings. We show that a market participant with market power has financial incentives to bid inconsistently, and that some inconsistencies persist even if the outcomes from all time-periods are financially settled in every market clearing.

sted, utgiver, år, opplag, sider
2018.
Emneord [en]
Electricity market design, Market clearing, Power markets, Financial incentives, Market participants, Market Power, Rolling horizon, Supply and demand, Time-periods, Commerce
HSV kategori
Identifikatorer
URN: urn:nbn:se:ri:diva-35622DOI: 10.1109/EEM.2018.8470000Scopus ID: 2-s2.0-85055499442ISBN: 9781538614884 (tryckt)OAI: oai:DiVA.org:ri-35622DiVA, id: diva2:1261738
Konferanse
15th International Conference on the European Energy Market, EEM 2018, 27 June 2018 through 29 June 2018
Tilgjengelig fra: 2018-11-08 Laget: 2018-11-08 Sist oppdatert: 2018-11-08bibliografisk kontrollert

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