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RSS FeedsEnergies, Vol. 13, Pages 868: Strategic-Agent Equilibria in the Operation of Natural Gas and Power Markets (Energies)

 
 

17 february 2020 10:02:33

 
Energies, Vol. 13, Pages 868: Strategic-Agent Equilibria in the Operation of Natural Gas and Power Markets (Energies)
 


We consider strategic gas/power producers and strategic gas/power consumers operating in both gas and power markets. We build a flexible multi-period complementarity model to characterize day-ahead equilibria in those markets. This model is an equilibrium program with equilibrium constraints that characterizes the market behavior of all market agents. Using a realistic case study, we analyze equilibria under perfect and oligopolistic competition. We also analyze equilibria under different levels of information disclosure regarding market outcomes. We study as well equilibria under different ownership schemes: no hybrid agent, some hybrid agents, and only hybrid agents. Finally, we derive policy recommendations for the regulators of both the gas and the power markets.


 
155 viewsCategory: Biophysics, Biotechnology, Physics
 
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