Study of strategic behavior impact in the spot market on capacity expansion using a linearised EPEC

Efraim Centeno; Sonja Wogrin; Julián Barquín

Study of strategic behavior impact in the spot market on capacity expansion using a linearised EPEC

Efraim Centeno, Sonja Wogrin, Julián Barquín

Research output: Contribution to conference › Abstract › peer-review

Abstract

Capacity expansion decisions are represented using a bilevel approach (EPEC). In the upper level the competing generation companies maximize their individual profits, while the lower level represents the spot markets using a conjectured price-response approach. This model is linearised and solved to show the solution variation with respect to the level of competence in the spot market and that the market equilibrium can have multiple solutions with investments level that vary significantly.

Original language	English
Publication status	Published - 2012
Externally published	Yes
Event	INFORMS 2012 Annual Meeting - Phoenix, United States Duration: 14 Oct 2012 → 17 Oct 2012

Conference

Conference	INFORMS 2012 Annual Meeting
Country/Territory	United States
City	Phoenix
Period	14/10/12 → 17/10/12

Cite this

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title = "Study of strategic behavior impact in the spot market on capacity expansion using a linearised EPEC",

abstract = "Capacity expansion decisions are represented using a bilevel approach (EPEC). In the upper level the competing generation companies maximize their individual profits, while the lower level represents the spot markets using a conjectured price-response approach. This model is linearised and solved to show the solution variation with respect to the level of competence in the spot market and that the market equilibrium can have multiple solutions with investments level that vary significantly.",

author = "Efraim Centeno and Sonja Wogrin and Juli{\'a}n Barqu{\'i}n",

year = "2012",

language = "English",

note = "INFORMS 2012 Annual Meeting ; Conference date: 14-10-2012 Through 17-10-2012",

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TY - CONF

T1 - Study of strategic behavior impact in the spot market on capacity expansion using a linearised EPEC

AU - Centeno, Efraim

AU - Wogrin, Sonja

AU - Barquín, Julián

PY - 2012

Y1 - 2012

N2 - Capacity expansion decisions are represented using a bilevel approach (EPEC). In the upper level the competing generation companies maximize their individual profits, while the lower level represents the spot markets using a conjectured price-response approach. This model is linearised and solved to show the solution variation with respect to the level of competence in the spot market and that the market equilibrium can have multiple solutions with investments level that vary significantly.

AB - Capacity expansion decisions are represented using a bilevel approach (EPEC). In the upper level the competing generation companies maximize their individual profits, while the lower level represents the spot markets using a conjectured price-response approach. This model is linearised and solved to show the solution variation with respect to the level of competence in the spot market and that the market equilibrium can have multiple solutions with investments level that vary significantly.

M3 - Abstract

T2 - INFORMS 2012 Annual Meeting

Y2 - 14 October 2012 through 17 October 2012

ER -