This paper proposes a model to assess the role of demand elasticity in mitigating the effects of supply side strategic bidding behaviour in a spot electricity market. We model the supply side within a Conjectural Supply Function (CSF) framework, which allows incorporating exogenous changes in demand elasticity and different levels of competition in a given market. The impacts of demand responsiveness on the market performances are studied resorting to a set of proposed indexes that are applied to a model of the Italian market.
The Impacts of Demand Side Elasticity on the Electricity Power Exchange Performances: an Application to the Italian Market
Ragazzi E
2005
Abstract
This paper proposes a model to assess the role of demand elasticity in mitigating the effects of supply side strategic bidding behaviour in a spot electricity market. We model the supply side within a Conjectural Supply Function (CSF) framework, which allows incorporating exogenous changes in demand elasticity and different levels of competition in a given market. The impacts of demand responsiveness on the market performances are studied resorting to a set of proposed indexes that are applied to a model of the Italian market.File in questo prodotto:
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