Market Power in Electricity Markets

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dc.contributor.advisorWare, Antony Frank
dc.contributor.authorChan, Erik
dc.contributor.committeememberQiu, Jinniao
dc.contributor.committeememberBadescu, Alexandru M.
dc.date2020-02
dc.date.accessioned2020-01-03T18:09:14Z
dc.date.available2020-01-03T18:09:14Z
dc.date.issued2019-12
dc.description.abstractElectricity markets exhibit unique price dynamics not found elsewhere in other commodity markets. Characteristics such as limited storability, highly inelastic demand, and physical laws requiring continuous production to match consumption cause erratic price dynamics and short periods of extremely high prices known as spikes. We create a diffusion model under the assumption that a participating firm controls sufficient production capacity can significantly increase the spot price by bidding according to a strategy defined by a decision curve. We then extend Barlow's diffusion model to incorporate the decision curve and show results.en_US
dc.identifier.citationChan, E. (2019). Market Power in Electricity Markets (Master's thesis, University of Calgary, Calgary, Canada). Retrieved from https://prism.ucalgary.ca.en_US
dc.identifier.doihttp://dx.doi.org/10.11575/PRISM/37399
dc.identifier.urihttp://hdl.handle.net/1880/111422
dc.language.isoengen_US
dc.publisher.facultyScienceen_US
dc.publisher.institutionUniversity of Calgaryen
dc.rightsUniversity of Calgary graduate students retain copyright ownership and moral rights for their thesis. You may use this material in any way that is permitted by the Copyright Act or through licensing that has been assigned to the document. For uses that are not allowable under copyright legislation or licensing, you are required to seek permission.en_US
dc.subjectMarket Poweren_US
dc.subjectElectricity Marketsen_US
dc.subjectStochastic Differential Equationsen_US
dc.subject.classificationEducation--Mathematicsen_US
dc.titleMarket Power in Electricity Marketsen_US
dc.typemaster thesisen_US
thesis.degree.disciplineMathematics & Statisticsen_US
thesis.degree.grantorUniversity of Calgaryen_US
thesis.degree.nameMaster of Science (MSc)en_US
ucalgary.item.requestcopytrueen_US
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