Abstract
We study a competitive electricity market equilibrium with two trading stages, day-ahead and real-time. The welfare of each market agent is exposed to uncertainty (here from renewable energy production), while agent information on the probability distribution of this uncertainty is not identical at the day-ahead stage. We show a high sensitivity of the equilibrium solution to the level of information asymmetry and demonstrate economic, operational, and computational value for the system stemming from potential information sharing.
| Original language | English |
|---|---|
| Journal | Operations Research Letters |
| Volume | 47 |
| Issue number | 6 |
| Pages (from-to) | 521-526 |
| ISSN | 0167-6377 |
| DOIs | |
| Publication status | Published - 2019 |
UN SDGs
This output contributes to the following UN Sustainable Development Goals (SDGs)
-
SDG 7 Affordable and Clean Energy
Keywords
- Asymmetry of information
- Distributed optimization
- Electricity market
- Equilibrium
- Existence and uniqueness
- Uncertainty
Fingerprint
Dive into the research topics of 'Electricity Market Equilibrium Under Information Asymmetry'. Together they form a unique fingerprint.Cite this
- APA
- Author
- BIBTEX
- Harvard
- Standard
- RIS
- Vancouver