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dc.contributor.authorVázquez Martín, Samueles-ES
dc.contributor.authorRodilla Rodríguez, Pabloes-ES
dc.contributor.authorBatlle López, Carloses-ES
dc.date.accessioned2016-01-15T11:15:38Z
dc.date.available2016-01-15T11:15:38Z
dc.date.issued2014-03-01es_ES
dc.identifier.issn0378-7796es_ES
dc.identifier.uri10.1016j.epsr.2013.11.005es_ES
dc.descriptionArtículos en revistases_ES
dc.description.abstractes-ES
dc.description.abstractIn the deregulated framework in place in most power systems, a significant part of the energy is traded through auctions on day-ahead markets where agents submit bids to either buy or sell energy. When defining a bidding strategy, generators usually resort to models that anticipate and simulate agent interactions. The residual demand curve (RDC), a well-known approach to representing competitor behaviour, enables generators to formulate effective oligopolistic strategies. One way to estimate and build an RDC is to use information available about other agents’ bids on previous and comparable days as a reference. This basic approach to market modelling has proven useful in the past in European power exchanges. In the current context, however, characterised by substantial market penetration on the part of non-dispatchable renewable resources, the suitability of this method of RDC building may need to be tested. This paper first analyses how the results of day-ahead auctions on European power exchanges have been affected by the growing penetration of renewable energy. It then questions both the use of RDC as an approach in this changing context and the aforementioned simplified estimation method to compute these curves. The discussion is illustrated with empirical evidence from the Iberian market.en-GB
dc.format.mimetypeapplication/pdfes_ES
dc.language.isoen-GBes_ES
dc.rightses_ES
dc.rights.uries_ES
dc.sourceRevista: Electric Power Systems Research, Periodo: 1, Volumen: online, Número: , Página inicial: 178, Página final: 184es_ES
dc.subject.otherInstituto de Investigación Tecnológica (IIT)es_ES
dc.titleResidual demand models for strategic bidding in European power exchanges: revisiting the methodology in the presence of a large penetration of renewableses_ES
dc.typeinfo:eu-repo/semantics/articlees_ES
dc.description.versioninfo:eu-repo/semantics/publishedVersiones_ES
dc.rights.accessRightsinfo:eu-repo/semantics/restrictedAccesses_ES
dc.keywordses-ES
dc.keywordsElectricity market; Power exchange; Strategic bidding; Residual demand curve; MIBELen-GB


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