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

• Type: Article in International Conference Proceedings Book
• Date: 2017

Authors

Hajibandeh, N (Author) Other; Shafie khah, M (Author) Other; Osorio, GJ (Author) Other; Catalao, JPS (Author) FEUP

Conference proceedings International

Title: 2017 1ST IEEE INTERNATIONAL CONFERENCE ON ENVIRONMENT AND ELECTRICAL ENGINEERING AND 2017 17TH IEEE INDUSTRIAL AND COMMERCIAL POWER SYSTEMS EUROPE (EEEIC / I&CPS EUROPE)

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

Indexing

ISI Web of Knowledge - 0 Citations

Scopus - 6 Citations

Other information

Authenticus ID: P-00N-7R1

DOI: 10.1109/eeeic.2017.7977699

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