INFORMS Anual Meeting - INFORMS 2012, Phoenix (United States of America). 14-17 October 2012
Summary:
Capacity expansion decisions are represented using a bilevel approach (EPEC). In the upper level the competing generation companies maximize their individual profits, while the lower level represents the spot markets using a conjectured price-response approach. This model is linearised and solved to show the solution variation with respect to the level of competence in the spot market and that the market equilibrium can have multiple solutions with investments level that vary significantly.
Publication date: 2012-10-14.
Citation:
E. Centeno, S. Wogrin, J. Barquín, Study of strategic behavior impact in the spot market on capacity expansion using a linearised EPEC, INFORMS Anual Meeting - INFORMS 2012, Phoenix (United States of America). 14-17 October 2012.
