Models of Imperfect Competition in Analysis of Siberian Electricity Market

摘要

The paper considers mechanisms for organizing free trade in the electricity market that are based on submitting bids of energy consumers and producers to the market operator. The authors discuss and compare possible strategies of generator behavior that lead to different equilibrium situations and correspond to Cournot model and the models of supply function equilibria, and a perfectly competitive equilibrium. The mechanisms are tested on the basis of the Siberian electric power system.