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 ...

This paper presents an efficient approach for computing medium-term market equilibrium models under non-perfect competition, with a focus on multi-area systems, with multiple market splitting options. In accordance to the ...

Probabilistic forecasting of electricity prices in the medium term is highly important for operational scheduling, fuel purchasing, trading and profit management. In this context, fundamental models are frequently used, ...

Commodity and electricity price models are motivated by the several unexpected evolutions that commodity prices have shown over the previous decades. Several models are based on the classic Black-Scholes model, which was ...

Entre el creciente interés por la predicción a corto plazo y el equilibrio entre generación y demanda en tiempo real, y la preocupación por la adecuación de la capacidad de generación en el largo plazo, la tarea de ...

This paper presents an efficient approach for computing medium-term market equilibrium models under non-perfect competition, with a focus on multi-area systems, with multiple market splitting options. In accordance to the ...

In a seminal work published by Salant et al. in 1983, they showed that under a Cournot oligopoly competition, the horizontal mergers are pro table only when more than 80% of the  rms in the market participates in the merge ...

This paper develops a new approach to short-term electricity forecasting by focussing upon the dynamic specification of an appropriate calibration dataset prior to model specification. It challenges the conventional ...