Theory and application of linear supply function equilibrium in electricity markets

Article Abstract:

The choice of supply function equilibrium (SFE) model of interaction in an electricity market over Cournot equilibrium and other models is reviewed. SFE offers a more realistic view of electricity markets, where bid rules may require suppliers to offer a price schedule that may apply throughout a day, rather than simply put forth a series of quantity bids over a day.

Models, Equilibrium (Economics)

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Asymmetric demand information in uniform and discriminatory call auctions: an experimental analysis motivated by electricity markets

Article Abstract:

Electricity pricing policies in Europe are evaluated. Discriminatory price auctions are much less efficient than uniform price auctions when the asymmetric demand information system is used.

Europe, Evaluation, Pricing policies

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Household response to optional peak-load pricing of electricity

Article Abstract:

A survey of households in Japan indicates only moderate response to peak-load pricing, depending whether the household has an electric water heater.

Japan, Statistical Data Included

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