The ongoing gas market liberalization in Europe has brought up a new competitive environment in which shippers (i.e., companies that are responsible for conveying gas from producers to consumers) must adapt their behavior ...

Power systems are always subject to uncertainties. When considering multiple areas, this uncertainty affects the state of the interconnections and, as a result, influences the behavior of market agents. This paper proposes ...

In medium- and long-term power system models it is a common approach to approximate the demand curve by load levels in order to make the models computationally tractable. However, in such an approach the chronological ...

The work presented in this article proposes an original method that models the medium-term market equilibrium under imperfect competition circumstances in multi-area electricity systems. It provides a system analysis ...

Since the promulgation of the Third Energy Package by the European Commission, relevant efforts have taken place to harmonize country-level regulatory frameworks and constitute the Single natural gas market. One of the ...

This paper analyses current approaches and proposals for gas network tariffs design at international level. Current challenges are examined so as to establish specific guidelines for natural gas tariff design considering ...

This paper presents an analysis of the behavior of an electricity market equilibrium model under a scenario with Large-Scale penetration of Wind Energy. The objective is to assess the robustness of this kind of models under ...

In electricity markets, different mechanisms are used to solve congestion on the system. In the Spanish electricity market, the day-ahead is cleared without taking into account the technical constraints, and subsequently ...

This paper presents a new conjectural-variation- based equilibrium model of a single-price electricity market. In the electricitymarket, firstly, themarket clearing process is performed in the day-ahead market and after ...