Photo by anniespratt from unsplash
Abstract This paper focuses on the study of an electricity market model, which evolves in T+1 stages, so that, at each stage, a continuum state of nature is possible. The… Click to show full abstract
Abstract This paper focuses on the study of an electricity market model, which evolves in T+1 stages, so that, at each stage, a continuum state of nature is possible. The decision-making framework of large consumers is considered: agents consume, they have the opportunity to produce, and the capability of signing contracts. Uncertainty on future possible stages leads to the problem being located in a filtered probability space. The aim is to reformulate the problem as a stochastic quasi-variational inequality, in order to obtain an existence result of equilibrium solutions.
Journal Title: Energy Economics
Year Published: 2021
Link to full text (if available)
Share on Social Media: Sign Up to like & get
recommendations!