Analysis of collusion and competition in electricity markets using an agent-based approach

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Esmaeili Aliabadi, Danial (2016) Analysis of collusion and competition in electricity markets using an agent-based approach. [Thesis]

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As a result of liberalization, deregulated electricity markets were formed to provide affordable electricity for consumers through promoting competition. Although the new market is expected to serve this purpose, even the earliest deregulated electricity markets are prone to threats that may disrupt the competition. While the independent system operator, responsible for administering the electricity markets, aims to provide the consumer with the lowest possible electricity price, lack of competition may increase prices. We consider the effect of three major factors hand-in-hand on that may affect the level of competition in the market: the independent system operator’s market-clearing mechanism as a strategic choice, strategic bidding behavior of generation companies and the transmission network.
Item Type: Thesis
Uncontrolled Keywords: Deregulated electricity market. -- Power generation company. -- Collusion. -- Strategic bidding behavior. -- Serbestleştirilmiş elektrik pazarı. -- Güç üretici firma. -- Kartelleşmeye yönelik davranış. -- Stratejik fiyat verme davranışı.
Subjects: T Technology > T Technology (General) > T055.4-60.8 Industrial engineering. Management engineering
Divisions: Faculty of Engineering and Natural Sciences > Academic programs > Industrial Engineering
Faculty of Engineering and Natural Sciences
Depositing User: IC-Cataloging
Date Deposited: 22 Mar 2018 11:08
Last Modified: 26 Apr 2022 10:14

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