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Models of Imperfect Competition in Analysis of Siberian Electricity Market

Author

Listed:
  • Ayzenberg, N.

    (Melentiev Energy Systems Institute SB RAS, Irkutsk, Russia)

  • Kiseleva, N.

    (Melentiev Energy Systems Institute SB RAS, Irkutsk, Russia)

  • Zorkaltsev, V.

    (Melentiev Energy Systems Institute SB RAS, Irkutsk, Russia)

Abstract

The authors consider mechanisms of organizing auctions in the electricity market that are based on submitting bids of energy consumers and offers of energy producers to the market operator. The authors discuss and compare possible strategies of energy generators’ behavior that lead to different equilibrium situations such as Cournot model, supply function equilibrium, and perfectly competitive equilibrium. The mechanisms are tested on the basis of the Siberian electric power system.

Suggested Citation

  • Ayzenberg, N. & Kiseleva, N. & Zorkaltsev, V., 2013. "Models of Imperfect Competition in Analysis of Siberian Electricity Market," Journal of the New Economic Association, New Economic Association, vol. 18(2), pages 62-88.
    • Handle: RePEc:nea:journl:y:2013:i:18:p:62-88
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    References listed on IDEAS

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    5. Ross Baldick & Ryan Grant & Edward Kahn, 2004. "Theory and Application of Linear Supply Function Equilibrium in Electricity Markets," Journal of Regulatory Economics, Springer, vol. 25(2), pages 143-167, March.
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    Cited by:

    1. Alexander Vasin & Marina Dolmatova & Gerhard-Wilhelm Weber, 2016. "Supply function equilibria for uniform price auction in oligopolistic markets," Central European Journal of Operations Research, Springer;Slovak Society for Operations Research;Hungarian Operational Research Society;Czech Society for Operations Research;Österr. Gesellschaft für Operations Research (ÖGOR);Slovenian Society Informatika - Section for Operational Research;Croatian Operational Research Society, vol. 24(4), pages 819-831, December.
    2. Gaivoronskaia, E. & Tsyplakov, A., 2018. "Using a Modified Erev-Roth Algorithm in an Agent-Based Electricity Market Model," Journal of the New Economic Association, New Economic Association, vol. 39(3), pages 55-83.

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    More about this item

    Keywords

    electricity market; models of imperfect markets; oligopoly; model of supply function equilibrium; liberalization;
    All these keywords.

    JEL classification:

    • L13 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Oligopoly and Other Imperfect Markets
    • L52 - Industrial Organization - - Regulation and Industrial Policy - - - Industrial Policy; Sectoral Planning Methods
    • L94 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Electric Utilities

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