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A New Approach for Market Power Detection in Renewable-based Electricity Markets

Title
A New Approach for Market Power Detection in Renewable-based Electricity Markets
Type
Article in International Conference Proceedings Book
Year
2017
Authors
Hajibandeh, N
(Author)
Other
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Shafie khah, M
(Author)
Other
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Osorio, GJ
(Author)
Other
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Conference proceedings International
17th IEEE International Conference on Environment and Electrical Engineering (IEEE EEEIC) / 1st IEEE Industrial and Commercial Power Systems Europe (IEEE I&CPS Europe)
Milan, ITALY, JUN 06-09, 2017
Other information
Authenticus ID: P-00N-7R1
Abstract (EN): This work proposes a new approach to detect the market power in power systems consisting of renewable energy sources. A model powered by game theory and agent-based systems is proposed to analyze the behaviors of each market player from the regulatory body's viewpoint. The proposed method considers both the tacit collusive behavior of Generation Companies, and the possibility of explicit collusion. In addition, three new market power indexes are introduced to quantify the market power level as well as to precise its causes. In order to evaluate the efficiency of the methodology, various numerical studies are carried out, and the effect of several market regulations is investigated on the market behaviors.
Language: English
Type (Professor's evaluation): Scientific
No. of pages: 5
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