Computation and decomposition of marginal costs for a GENCO in a constrained competitive Cournot equilibrium

J. Reneses, E. Centeno, J. Barquín

IEEE PowerTech Conference - PowerTech 2001, Porto (Portugal). 10-13 septiembre 2001

Summary:

This paper presents a methodology to compute and decompose marginal costs for a Generation Company (GENCO) in a competitive framework. The methodology is based on a Cournot market equilibrium model. The aim is to provide a useful tool for a GENCOs so that they can manage their resources in an optimal way, helping them on their decision making processes, asset valuations or contract assessments

Keywords: Cournot equilibrium, energy markets, marginal cost

DOI: 10.1109/PTC.2001.964616

Publication date: September 2001.

Citation:
Reneses, J., Centeno, E., Barquín, J., Computation and decomposition of marginal costs for a GENCO in a constrained competitive Cournot equilibrium, IEEE PowerTech Conference - PowerTech 2001, Porto (Portugal). 10-13 September 2001.

IIT-01-030A