Analysis and visualization of market power in electric power systems
Analysis and visualization of market power in electric power systems
复制标题
电力系统市场力分析与可视化
DOI:
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发表时间:
1999
期刊:
影响因子:
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通讯作者:
K. Patten
中科院分区:
文献类型:
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作者:
T. Overbye;J. Weber;K. Patten
This paper discusses the assessment and visualization of market power in bulk electricity markets, with the explicit consideration of transmission system constraints. In general, market power is the ability of a particular seller or group of sellers to maintain prices profitably above competitive levels for a significant period of time. When an entity has mid exercises market power, it ceases to be a price taker and becomes a price maker. The restructuring of the electric industry in many parts of the world has encouraged competitive markets with the objective of reaping the benefits of lower prices and innovation that competition can provide. Such benefits are not attainable when a player utilizing the electric transmission system may exert market power. This paper describers the procedures for analyzing and visualizing such situations.