Seminari
10 marzo 2011

Generalized Nash Equilibrium and incomplete energy markets: an illustration by Market Coupling in the European Power System


Dove: Milan
Sede:

Fondazione Eni Enrico Mattei
Corso Magenta 63
20123 Milan

Come raggiungere: Mappa di Google
Orario dell'evento:


h. 12.00 Seminar
h. 13.00 Light Lunch

Informazione:

Seminars Office, seminars@feem.it

Speakers:

Yves Smeers, Université Catholique de Louvain, Belgium

Abstract

"Market Coupling" is currently seen as the most advanced market design in the restructuring of the European electricity market. It also inspires current discussions on the Gas Target Model demanded by ERGEG. Market coupling, by construction, introduces what is generally referred to as an incomplete market: it leaves several constraints out of the market and hence avoids pricing them. This may or may not have important consequences in practice depending on the case on hand. Quasi-Variational Inequality problems and the associated Generalized Nash Equilibrium can be used for representing incomplete markets. Recent papers propose methods for finding a set of solutions of Quasi-Variational Inequality problems. We apply one of these methods to a subproblem of market coupling namely the coordination of counter-trading. We first structure the problem and discuss the economic interpretation of the Quasi-Variational Inequality problem. We then apply the algorithmic approach to a set of stylized case studies in order to illustrate the impact of different organizations of counter-trading and to a prototype model of the Central West Europe market.

The presentation is based on three papers currently under review:

Download file
Scarica il file PDF
Download file
Scarica il file PDF
Generalized Nash Equilibrium and incomplete energy markets: an illustration by Market Coupling in the European Power System (presentation)

FEEM Newsletter

Iscriviti per rimanere aggiornato.

I Suoi dati saranno trattati dalla Fondazione Eni Enrico Mattei. – Titolare del trattamento – per ricevere via posta elettronica la newsletter della Fondazione. Il conferimento dell’indirizzo e-mail è necessario alla fornitura del servizio. La invitiamo a consultare la Privacy Policy per ottenere maggiori informazioni a tutela dei Suoi diritti.

Questo Sito utilizza cookie tecnici e analytics, nonché consente l’invio di cookie di profilazione di terze parti.
Chiudendo questo banner o comunque proseguendo la navigazione sul Sito manifesti il tuo consenso all’uso dei cookie. Per ulteriori informazioni e per esprimere scelte selettive in ordine all’uso dei cookie vedi la   Cookie PolicyOk