Gaming and price spikes in electric power markets.

Many challenging issues arise under the newly deregulated competitive electric power markets. Instead of centralized decision-making in a vertically integrated environment as in the past, decision-making is now decentralized and driven by market forces. Gaming and price spikes have been observed in...

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Publicado en:	IEEE Transactions on power systems 16, 3 (2001).
Autor principal:	Xiaohong Guan
Formato:	Artículo
Lenguaje:	English
Materias:	Prisoner's dilemma matrix game. USA. Day-ahead energy market. Demand service providers. Deregulated competitive electricity markets. Electric power markets. Gaming. Generation capacity witholding. Historical bidding behavior. Market forces. Opportunistic tacit collision. Power suppliers. Price spikes. Uniform price electricity market.