THEORETICAL ASPECTS OF MODELING STRUCTURE OF THE MARKET ELECTRIC ENERGY

Wadim Strielkowski; Стрелковский Вадим; Evgeny Mihailovich Lisin; Лисин Евгений Михайлович; Iuliia Alekseevna Anisimova; Анисимова Юлия Алексеевна; Anna Nikolaevna Grigoryeva; Григорьева Анна Николаевна

THEORETICAL ASPECTS OF MODELING STRUCTURE OF THE MARKET ELECTRIC ENERGY

Authors: Strielkowski W.¹, Lisin E.M.², Anisimova I.A.³, Grigoryeva A.N.²
Affiliations:
1. Charles University in Prague, Praha
2. National Research University “Moscow Power Engineering Institute”, Moscow
3. Togliatti State University, Togliatti
Issue: No 3 (2013)
Pages: 33-37
Section: Articles
URL: https://vektornaukieconomika.ru/jour/article/view/481
ID: 481

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Abstract

This article discusses the approaches to the modeling of the structure of markets, in relation to the development of an integrated simulation model of the wholesale electricity market and the study of interactions between economic agents. Particular attention is paid to influence the market for generation companies. The market power of these companies is the ability to influence the bid price of electricity with no response from competitors. Results of the study are considered on the basis of a template wholesale electricity market WPMP, developed by the Federal Energy Regulatory Commission, the United States in 2003. As shown in [1], it is also applicable when considering the wholesale electricity EU and Russia.