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Please use this identifier to cite or link to this item: https://doi.org/10.1109/IEEM.2010.5674290
DC FieldValue
dc.titleImpact of bilateral contracts on the price volatility in the electricity market
dc.contributor.authorWang, G.
dc.contributor.authorHung, H.-C.
dc.date.accessioned2014-10-07T10:26:54Z
dc.date.available2014-10-07T10:26:54Z
dc.date.issued2010
dc.identifier.citationWang, 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. <a href="https://doi.org/10.1109/IEEM.2010.5674290" target="_blank">https://doi.org/10.1109/IEEM.2010.5674290</a>
dc.identifier.isbn9781424485031
dc.identifier.urihttp://scholarbank.nus.edu.sg/handle/10635/87331
dc.description.abstractOne 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.
dc.description.urihttp://libproxy1.nus.edu.sg/login?url=http://dx.doi.org/10.1109/IEEM.2010.5674290
dc.sourceScopus
dc.subjectBilateral contracts
dc.subjectElectricity
dc.subjectMarket clearing prices
dc.subjectVariance
dc.typeConference Paper
dc.contributor.departmentINDUSTRIAL & SYSTEMS ENGINEERING
dc.description.doi10.1109/IEEM.2010.5674290
dc.description.sourcetitleIEEM2010 - IEEE International Conference on Industrial Engineering and Engineering Management
dc.description.page1636-1640
dc.identifier.isiutNOT_IN_WOS
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