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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 (Engelska)Ingår i: International Conference on the European Energy Market, EEM, 2018Konferensbidrag, Publicerat paper (Refereegranskat)
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.

Ort, förlag, år, upplaga, sidor
2018.
Nyckelord [en]
Electricity market design, Market clearing, Power markets, Financial incentives, Market participants, Market Power, Rolling horizon, Supply and demand, Time-periods, Commerce
Nationell ämneskategori
Naturvetenskap
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
Konferens
15th International Conference on the European Energy Market, EEM 2018, 27 June 2018 through 29 June 2018
Tillgänglig från: 2018-11-08 Skapad: 2018-11-08 Senast uppdaterad: 2018-11-08Bibliografiskt granskad

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  • nn-NB
  • sv-SE
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  • html
  • text
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