Perfect competition vs. strategic behaviour models to derive electricity prices and the influence of renewables on market power

Barroso LA, Carneiro RD, Granville S, Pereira MV, Fampa MHC (2006) Nash equilibrium in strategic bidding: a binary expansion approach. IEEE Trans Power Syst 21(2):629–638 Bataille M, Thorwarth S (2013) Die Messung von Marktmacht bei der konventionellen Stromerzeugung. Energiewirtschaftliche Tagesfragen, pp 65–68 Bertsekas DP (1999) Nonlinear programming, 2nd edn. Athena Scientific, Belmont, Mass Blum U, Müller S, Weiske A (2006) Angewandte Industrieökonomik. Gabler, Wiesbaden Bundesverband Solarwirtschaft (2013) Energiedaten Bunn DW, Oliveira FS (2001) Agent-based simulation: an application to the new electricity trading arrangements of England and wales. IEEE Trans Evol Comput 5(5):493–503 Bushnell JB, Wolak FA, Borenstein S (2002) Measuring market inefficiencies in California’s restructured wholesale electricity market. Am Econ Rev 92(5):1376–1405 Ellersdorfer I (2009) Marktmachtpotenziale im deutschen Elektrizitätssektor - Analysen für den Großhandelsmarkt mit einem spieltheoretischen Modell. Gabler, Wiesbaden Ellersdorfer I, Hundt M, Voss A, Swider DJ (2007) Anmerkungen zu empirischen Analysen der Preisbildung am deutschen Spotmarkt fuer Elektrizitaet. Technical report, Universitaet Stuttgart Entso-E (2013) Entso-E. https://www.entsoe.eu/. Accessed 18 Dec 2013 Foruny-Amat J, McCarl B (1981) A representation and economic interpretation of a two-level programming problem. J Oper Res Soc 32(9):783–792 Gabriel SA, Conejo AJ, Fuller JD, Hobbs BF, Ruiz C (2013) Complementarity modeling in energy markets. Springer, New York Gabriel SA, Leuthold FU (2010) Solving discretely-constrained MPEC problems with applications in electric power markets. Energy Econ 32:3–14 Green R (2007) Nodal pricing of electricity: how much does it cost to get it wrong? J Regul Econ 31(2):125–149 Hobbs B (2001) Linear complementarity models of Nash–Cournot competition in bilateral and POOLCO power markets. IEEE Trans Power Syst 16(2):194–202 Joskow P, Kahn E (2002) A quantitative analysis of pricing behaviour in California’s wholesale electricity market during summer. Energy J 23:1–36 Kim DW, Knittel CR (2006) Biases in static oligopoly models? Evidence from the California electricity market. J Ind Econ 54:451–470 Keles D, Genoese M, Möst D, Fichtner W (2012) A combined modeling approach for wind power feed-in and electricity spot prices. Energy Policy 59:213–225 Kunz F (2013) Managing congestion and intermittent renewable generation in liberalized electricity markets: dissertation. Schriften des Lehrstuhls für Energiewirtschaft TU Dresden 1(1):186 Mansur ET, Saravia C, Bushnell JB (2002) Vertical arrangements, market structure, and competition: an analysis of restructured US electricity markets. J Oper Res Soc 98:237–266 Martinez DDJ (2008) Production cost models with regard to liberalised electricity markets. KIT Scientific publishing, Karlsruhe Möst D, Genoese M (2009) Market power in the German wholesale electricity market. J Energy Mark 2(2):47–74 Müller T, Gunkel D, Möst D (2013) Die Auswirkungen des Einspeisevorrangs erneuerbarer Energien auf die Wirtschaftlichkeit konventioneller Anlagen und die Preisdauerlinie. 10. VDI-Fachtagung Optimierung in der Energiewirtschaft, Köln Müsgens F (2006) Quantifying market power in the german wholesale electricity market using a dynamic multi-reginal dispatch model. J Ind Econ 54(4):471–498 NEP (2013) Netzentwicklungsplan Strom 2013. Zweiter Entwurf der Übertragungsnetzbetreiber. 50Hertz Transmission GmbH, Amprion GmbH, TenneT TSO GmbH, TransnetBW GmbH, Berlin Ockenfels A (2007) Stromboerse und Marktmacht. Gutachten fuer das Ministerium fuer Wissenschaft, Wirtschaft und Verkehr des Landes Schleswig Holstein Scott TJ, Read EG (1996) Modelling hydro reservoir operation in a deregulated electricity market. Int Trans Oper Res 3(3–4):243–253 Sensfuß F, Ragwitz M, Genoese M (2008) The merit-order effect: a detailed analysis of the price effect of renewable electricity generation on spot prices in Germany. Energy Policy 36(8):3076–3084 Spreen T, McCarl B (1968) Applied mathematical programming using algebraic systems. http://agecon2.tamu.edu/people/faculty/mccarl-bruce/mccspr/thebook.pdf. Accessed 24 Aug 2015 Staffell I, Vasilakos N, Green R (2014) Divide and conquer? \(k\)-means clustering of demand data allows rapid and accurate simulations of the British electricity system. IEEE Xplore Digit Libr 61:47–74 Strom N (2013) 50Hertz, Tennet, Amprion, and Transnet BW. Technical report Tanaka M, Chen Y (2013) Market power in renewable portfolio standards. Energy Econ 39:187–196 Traber T, Kemfert C (2009) Impacts of the German support for renewable energy on electricity prices, emissions, and firms. IAEE 30(3):155–178 Traber T, Kemfert C (2011) Gone with the wind?—Electricity market prices and incentives to invest in thermal power plants under increasing wind energy supply. Energy Econ 33:249–256 Vasilakos N, Green R (2010) Market behaviour with large amounts of intermittent generation. Energy Policy 38:3211–3220 Ventosa M, Baillo A, Ramos A, Rivier M (2005) Electricity market modeling trends. Energy Policy 33(7):897–913 Weber C (2004) Uncertainty in the electric power industry: methods and models for decision support. Springer, New York Weigt H, von Hirschhausen C (2008) Price formation and market power in the German wholesale electricity market in 2006. Energy Policy 36(11):4227–4234 Wolfram CD (1999) Measuring duopoly power in the British electricity spot market. Am Econ Rev 89(4):805–826 Wozabal D, Graf C (2013) Measuring competitiveness of the EPEX spot market for electricity. Energy Policy 62:948–958