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 September 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: https://doi.org/10.1109/PTC.2001.964616

Publication date: 10-Sep-2001.

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

IIT-01-030A