An equilibrium model for electricity auctions

Volume 30 / 2003

Juri Hinz Applicationes Mathematicae 30 (2003), 243-249 MSC: 91B26, 91B52, 91B70. DOI: 10.4064/am30-2-7

Abstract

This work discusses the process of price formation for electrical energy within an auction-like trading environment. Calculating optimal bid strategies of power producers by equilibrium arguments, we obtain the corresponding electricity price and estimate its tail behavior.

Authors

  • Juri HinzMathematisches Institut
    Universität Tübingen
    72076 Tübingen, Germany
    e-mail

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