NDLI: Impact of the electricity contracts on the generators' strategic behavior

Content Provider	IEEE Xplore Digital Library
Author	Diaz, C.A. Campos, F.A. Villar, J.
Copyright Year	2012
Description	Author affiliation: Institute for Research in Technology (IIT), Technical School of Engineering (ICAI), Comillas Pontifical University, 28015 Madrid-Spain (Diaz, C.A.; Campos, F.A.; Villar, J.)
Abstract	Electricity physical and financial contracts are common instruments used by generators to reallocate their risk among other market participants. Likewise, from the regulator point of view, contracts are understood and promoted as a way to mitigate the generators market power exercise. Therefore the analysis of the impact of these derivatives on the electricity market prices and on the agents' strategic behavior is of interest for both regulator and market participants. This paper focuses on how physical and financial electricity contracts affect the generators' strategies, but does not deal with determining contracts' quantities or prices, that are assumed to be fixed and known. Strategies are computed for selected agents and different physical or financial contracted quantities, assuming inelastic demand. A CSFE methodology for endogenous conjectures computation, developed by the authors in previous works, has been applied. The examples highlight the importance of computing the conjectures when the contracted quantities vary, since the variable agents' position can significantly change the market results. The main conclusion is that the common understanding that contracts can decrease the market prices may be called into question.
Starting Page	1
Ending Page	8
File Size	341330
Page Count	8
File Format	PDF
ISBN	9781467308342
e-ISBN	9781467308335
e-ISBN	9781467308328
DOI	10.1109/EEM.2012.6254683
Language	English
Publisher	Institute of Electrical and Electronics Engineers, Inc. (IEEE)
Publisher Date	2012-05-10
Publisher Place	Italy
Access Restriction	Subscribed
Rights Holder	Institute of Electrical and Electronics Engineers, Inc. (IEEE)
Subject Keyword	Generators forward contracts conjectured supply functions contracts Equations electricity market equilibrium electricity contracts Electricity Production Bismuth Mathematical model Contracts conjectural variation
Content Type	Text
Resource Type	Article

Sl.	Authority	Responsibilities	Communication Details
1	Ministry of Education (GoI), Department of Higher Education	Sanctioning Authority	https://www.education.gov.in/ict-initiatives
2	Indian Institute of Technology Kharagpur	Host Institute of the Project: The host institute of the project is responsible for providing infrastructure support and hosting the project	https://www.iitkgp.ac.in
3	National Digital Library of India Office, Indian Institute of Technology Kharagpur	The administrative and infrastructural headquarters of the project	Dr. B. Sutradhar bsutra@ndl.gov.in
4	Project PI / Joint PI	Principal Investigator and Joint Principal Investigators of the project	Dr. B. Sutradhar bsutra@ndl.gov.in Prof. Saswat Chakrabarti will be added soon
5	Website/Portal (Helpdesk)	Queries regarding NDLI and its services	support@ndl.gov.in
6	Contents and Copyright Issues	Queries related to content curation and copyright issues	content@ndl.gov.in
7	National Digital Library of India Club (NDLI Club)	Queries related to NDLI Club formation, support, user awareness program, seminar/symposium, collaboration, social media, promotion, and outreach	clubsupport@ndl.gov.in
8	Digital Preservation Centre (DPC)	Assistance with digitizing and archiving copyright-free printed books	dpc@ndl.gov.in
9	IDR Setup or Support	Queries related to establishment and support of Institutional Digital Repository (IDR) and IDR workshops	idr@ndl.gov.in