Examples of market manipulation in deregulated power systems abound, and so we need to be able to identify market power and prevent its exercise. Market power analysis needs to be put on a firmer foundation, one that connects short-term and long-term perspectives and takes into account both economic fundamentals and the physical characteristics of transmission systems.
Assessing Market Power in Deregulated Electricity Markets
Posted: 14 Jan 2014
Adam Wierman and Hamed Mohsenian-Rad
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