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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Pubblicato in:	IEEE Transactions on power systems 16, 3 (2001).
Autore principale:	Xiaohong Guan
Natura:	Articolo
Lingua:	English
Soggetti:	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.