TY - JOUR TI - Medium-term marginal costs in competitive generation power markets JO - IEE Proceedings-Generation Transmission and Distribution A1 - Barquín, J., Centeno, E., Reneses, J. VL - 151 IS - 5 PY - 2004-09-01 PS - 604 EP - 610 DO - 10.1049/ip-gtd:20040618 AB - The meaning and significance of medium-term marginal costs for a generation company in a competitive power market in analysed. A methodology to computer and decompose medium-term generation marginal costs in a competitive environment is proposed. The methodology is based on a market equilibrium model. The aim is to provide a useful tool for generation companies so that they can manage their resources in an optimal way, helping them with their operation, decision-making processes, asset valuations or contract assessments. ER -