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Generation Capacity Investments in Electricity Markets : Perfect Competition

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  • Gürkan, G.

    (Tilburg University, School of Economics and Management)

  • Ozdemir, O.

    (Tilburg University, School of Economics and Management)

  • Smeers, Y.

Abstract

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  • Gürkan, G. & Ozdemir, O. & Smeers, Y., 2013. "Generation Capacity Investments in Electricity Markets : Perfect Competition," Other publications TiSEM 97828b2c-3630-4b66-8ac9-f, Tilburg University, School of Economics and Management.
  • Handle: RePEc:tiu:tiutis:97828b2c-3630-4b66-8ac9-f24c469cefbd
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    References listed on IDEAS

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    1. Jacqueline Boucher & Yves Smeers, 2001. "Alternative Models of Restructured Electricity Systems, Part 1: No Market Power," Operations Research, INFORMS, vol. 49(6), pages 821-838, December.
    2. Peter Cramton & Steven Stoft, 2006. "The Convergence of Market Designs for Adequate Generating Capacity," Papers of Peter Cramton 06mdfra, University of Maryland, Department of Economics - Peter Cramton, revised 2006.
    3. Cramton, Peter & Stoft, Steven, 2005. "A Capacity Market that Makes Sense," The Electricity Journal, Elsevier, vol. 18(7), pages 43-54.
    4. EHRENMANN, Andreas & SMEERS, Yves, 2011. "Generation capacity expansion in a risky environment: a stochastic equilibrium analysis," LIDAM Reprints CORE 2379, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
    5. Stephen M. Robinson, 1996. "Analysis of Sample-Path Optimization," Mathematics of Operations Research, INFORMS, vol. 21(3), pages 513-528, August.
    6. Andreas Ehrenmann & Yves Smeers, 2011. "Generation Capacity Expansion in a Risky Environment: A Stochastic Equilibrium Analysis," Operations Research, INFORMS, vol. 59(6), pages 1332-1346, December.
    7. Jinye Zhao & Benjamin F. Hobbs & Jong-Shi Pang, 2010. "Long-Run Equilibrium Modeling of Emissions Allowance Allocation Systems in Electric Power Markets," Operations Research, INFORMS, vol. 58(3), pages 529-548, June.
    8. E. Castillo & A. J. Conejo & C. Castillo & R. Mínguez & D. Ortigosa, 2006. "Perturbation Approach to Sensitivity Analysis in Mathematical Programming," Journal of Optimization Theory and Applications, Springer, vol. 128(1), pages 49-74, January.
    9. Joskow, Paul L., 2008. "Capacity payments in imperfect electricity markets: Need and design," Utilities Policy, Elsevier, vol. 16(3), pages 159-170, September.
    10. Crew, Michael A & Fernando, Chitru S & Kleindorfer, Paul R, 1995. "The Theory of Peak-Load Pricing: A Survey," Journal of Regulatory Economics, Springer, vol. 8(3), pages 215-248, November.
    11. Chao, Hung-Po & Peck, Stephen C, 1998. "Reliability Management in Competitive Electricity Markets," Journal of Regulatory Economics, Springer, vol. 14(2), pages 189-200, September.
    12. Xinmin Hu & Daniel Ralph, 2007. "Using EPECs to Model Bilevel Games in Restructured Electricity Markets with Locational Prices," Operations Research, INFORMS, vol. 55(5), pages 809-827, October.
    13. Hobbs, Benjamin F. & Iñón, Javier & Stoft, Steven E., 2001. "Installed Capacity Requirements and Price Caps: Oil on the Water, or Fuel on the Fire?," The Electricity Journal, Elsevier, vol. 14(6), pages 23-34, July.
    14. BOUCHER , Jacqueline & SMEERS, Yves, 2001. "Alternative models of restructured electricity systems, part 1: no market power," LIDAM Reprints CORE 1538, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
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    Cited by:

    1. Kang, Jidong & Wu, Zhuochun & Ng, Tsan Sheng & Su, Bin, 2023. "A stochastic-robust optimization model for inter-regional power system planning," European Journal of Operational Research, Elsevier, vol. 310(3), pages 1234-1248.
    2. Scott, Ian J. & Carvalho, Pedro M.S. & Botterud, Audun & Silva, Carlos A., 2021. "Long-term uncertainties in generation expansion planning: Implications for electricity market modelling and policy," Energy, Elsevier, vol. 227(C).
    3. Zappa, William & Junginger, Martin & van den Broek, Machteld, 2021. "Can liberalised electricity markets support decarbonised portfolios in line with the Paris Agreement? A case study of Central Western Europe," Energy Policy, Elsevier, vol. 149(C).
    4. Scott, Ian J. & Botterud, Audun & Carvalho, Pedro M.S. & Silva, Carlos A. Santos, 2020. "Renewable energy support policy evaluation: The role of long-term uncertainty in market modelling," Applied Energy, Elsevier, vol. 278(C).
    5. Liu, Cengceng & Li, Nan & Zha, Donglan, 2016. "On the impact of FIT policies on renewable energy investment: Based on the solar power support policies in China's power market," Renewable Energy, Elsevier, vol. 94(C), pages 251-267.

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