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- W2727831213 abstract "Successful deregulation in electricity markets depends crucially on the ability of market regulation to promoteand maintain free competition. There are, however, important physical characteristics in electricitymarkets, such as the constraints imposed by the physical transmission infrastructure, that have the potentialto undermine competition and provide opportunities for market participants to exploit temporary positionsof market power. In this paper, the regional market of Queensland, Australia is analysed. It is found thatstrategic behaviour by generators exists and is closely related to the occurrence of the kind of extreme priceevents that characterise many deregulated electricity markets. In addition, rebidding behaviour by baseloadgenerators immediately after extreme price events is shown to have negative impacts on the operationof the market. The key message is that promotion of competition in electricity markets can have undesirableconsequences unless the regulatory policy is carefully designed to counter strategic behaviour by marketparticipants." @default.
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- W2727831213 date "2016-09-01" @default.
- W2727831213 modified "2023-09-26" @default.
- W2727831213 title "Strategic bidding and rebidding in electricity markets" @default.
- W2727831213 hasPublicationYear "2016" @default.
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