Please use this identifier to cite or link to this item:
https://doi.org/10.1109/IEEM.2010.5674290
| Title: | Impact of bilateral contracts on the price volatility in the electricity market | Authors: | Wang, G. Hung, H.-C. |
Keywords: | Bilateral contracts Electricity Market clearing prices Variance |
Issue Date: | 2010 | Citation: | Wang, G.,Hung, H.-C. (2010). Impact of bilateral contracts on the price volatility in the electricity market. IEEM2010 - IEEE International Conference on Industrial Engineering and Engineering Management : 1636-1640. ScholarBank@NUS Repository. https://doi.org/10.1109/IEEM.2010.5674290 | Abstract: | One of the evident consequences of the deregulation in electricity industry is the volatility of market clearing prices (MCP). In this paper, we use variance to measure this price volatility and propose supply function equilibria and Cournot models to characterize the impact of bilateral contracts on the variance of MCP. As the result, we show that bilateral contracts reduce the variance of MCP. Finally, a numerical study based on Singapore electricity market to support our models is presented. ©2010 IEEE. | Source Title: | IEEM2010 - IEEE International Conference on Industrial Engineering and Engineering Management | URI: | http://scholarbank.nus.edu.sg/handle/10635/87331 | ISBN: | 9781424485031 | DOI: | 10.1109/IEEM.2010.5674290 |
| Appears in Collections: | Staff Publications |
Show full item record
Files in This Item:
There are no files associated with this item.
Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.