Wholesale electricity market failure and the new market design

2005 IEEE Power Engineering Society General Meeting

Volumn 1, Issue , 2005, Pages 503-508

  Zhou, Haoyu ^a,b   Tu, Zhiyong ^a,c   Talukdar, Sarosh ^a,d   Marshall, K C ^e  

^a IEEE   (United States)

^b UNIVERSITY OF PITTSBURGH   (United States)

^c UNIVERSITY OF PITTSBURGH   (United States)

^d CARNEGIE MELLON UNIVERSITY   (United States)

^e CARNEGIE MELLON UNIVERSITY   (United States)

Author keywords

Multi agent system; Multi unit auction; Power market; Price sensitive; Withholding

Indexed keywords

MULTI-AGENT SYSTEM; MULTI-UNIT AUCTIONS; POOLCO RULE; PRICE SENSITIVE; WITHOLDING;

COMPUTER SIMULATION; ENERGY UTILIZATION; FAILURE ANALYSIS; MARKETING; MATHEMATICAL MODELS; MULTI AGENT SYSTEMS; SCHEDULING;

ELECTRIC UTILITIES;

EID: 27144442847     PISSN: None     EISSN: None     Source Type: Conference Proceeding    
DOI: None     Document Type: Conference Paper

References (7)

1. R. Knight, "Economists Give Unlikely Support to Price Caps on California Energy Market." Tribune Business News, June 15, 2001.
2. L. Marainne, "Power Plays." U.S. News and World Report. May 20, 2002.
3. Perekhodtsev, Dmitri, "Capacity Withholding Equilibrium in Wholesale Electricity Markets and the Effect of Relative Prices of Gas and NOx Emission Permits." mimeo, Carnegie Mellon University, 2001.
4. Ausubel, Lawrence and Peter Cramton, "Demand Reduction and Inefficiency in Multi-Unit Auctions," mimeo. University of Maryland, 2002.
5. Joskow, Paul and Edward Kahn, "A Quantitative Analysis of Pricing Behavior in California's Wholesale Electricity Market during Summer 2000," The Energy Journal, 23(4), pp. 138-168, 2002.
6. Aoyagi, M. "Efficient Collusion in Repeated Auctions with Communication," mimeo, Osaka University, 2003.
7. Talukdar, S., L. Lave, K. Lye and K. Marshall, "Agents, Evolutionary Learning and Market Failure Modes," Proceedings of HICSS 2003, Hawaii, 2003.