Abstract
In this paper, an example from the literature is used to compare Coumot and supply function equilibrium models of bid-based electricity markets both with and without transmission constraints. It is demonstrated that the parameterization of the supply function model has a significant effect on the calculated results. In particular, several results reported in the literature are artifacts of assumptions in the parameterization of the model.
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Schedule a callMore From: IEEE transactions on power systems : a publication of the Power Engineering Society
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