Assessing local market power and mitigation in LMP-based electricity markets

IEEE Power and Energy Society 2008 General Meeting: Conversion and Delivery of Electrical Energy in the 21st Century, PES

Volumn , Issue , 2008, Pages

  Hildebrandt, Eric ^a   Hsu, Ming ^a   Yang, Dan ^a  

^a California Independent System Operator   (United States)

Author keywords

Locational marginal pricing; Market power; Nash equilibrium; Payoff matrix

Indexed keywords

ENERGY CONVERSION; POTENTIAL ENERGY; POTENTIAL ENERGY SURFACES;

21ST CENTURY; CASE STUDIES; COMPETITIVE MARKETS; ELECTRICAL ENERGY; ELECTRICITY MARKETS; LOCAL MARKETS; LOCATIONAL MARGINAL PRICING; MARKET POWER; NASH EQUILIBRIUM; PAYOFF MATRIX;

MARKETING;

EID: 52349123295     PISSN: None     EISSN: None     Source Type: Conference Proceeding    
DOI: 10.1109/PES.2008.4596574     Document Type: Conference Paper

References (9)

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2. Carolyn A. Berry, Benjamin F. Hobbs, William A. Meroney, Richard P. O'Neill, William R. Stewart Jr, "Understanding how market power can arise in network competition: a game theoretic approach," Utility Policy, 8(3), pp. 139-158, 1999.
3. Competitive Path Assessment for MRTU: Preliminary Results, Release 2, September 2007, http://www.caiso.com/1c6a/1c6a96c2168c0.pdf
4. Assessment of MRTU Local Market Power Mitigation, CAISO Department of Market Monitoring, January 5, 2007, http://www.caiso.com/1ba6/1ba67ca86fcO. pdf
5. Prepared Direct Testimony of Keith Casey, pp. 64-67, included as Attachment K (Exhibit No. ISO-6) to the CAISO's February 9, 2006 MRTU filing. http://www.caiso.com/1798/1798f7656580.pdf
6. Market Power Mitigation Presentation at Market Surveillance Committee Meeting, http://www.caiso.com/docs/09003a6080/35/1e /09003a6080351e26.pdf
7. Graham Romp, Game Theory: Introduction and Applications, Oxford University Press, New York, 1997, pp. 18-22
8. 2007 Local Capacity Technical Analysis: Report and Study Analysis, California ISO, July 18, 2006. http://www.caiso.com/1838/1838aecf4aae0.pdf
9. L. Xu, and R. Baldick, "Transmission-constrained residual demand derivative in electricity markets," IEEE Transactions on Power Systems, vol. 22, no. 4, pp. 1563-1573, Nov. 2007 NPU