Electricity spot market simulation involving bilateral contracts hedging

2011 ◽  
Author(s):  
Goran Knezevic ◽  
Srete Nikolovski ◽  
Predrag Maric
Keyword(s):  
Spot Market ◽  
Bilateral Contracts ◽  
Market Simulation ◽  
Electricity Spot Market

scholarly journals Analysis on the operation mechanism of spot mode adapting to the initial stage of China’s electricity spot market

2021 ◽  
Vol 687 (1) ◽  
pp. 012090
Author(s):  
Dunnan Liu ◽  
Tingting Zhang ◽  
Yuan Gao ◽  
Hua Li ◽  
Mingguang Liu ◽  
...  
Keyword(s):  
Spot Market ◽  
Operation Mechanism ◽  
Initial Stage ◽  
Electricity Spot Market

scholarly journals Raiffa-Kalai-Smorodinsky Bargaining Solution for Bilateral Contracts in Electricity Markets

Energies ◽  
2020 ◽  
Vol 13 (9) ◽  
pp. 2397
Author(s):  
Reinaldo Crispiniano Garcia ◽  
Javier Contreras ◽  
Matheus de Lima Barbosa ◽  
Felipe Silva Toledo ◽  
Paulo Vinicius Aires da Cunha
Keyword(s):  
Electricity Markets ◽  
Price Volatility ◽  
Spot Market ◽  
Nash Bargaining Solution ◽  
Nash Bargaining ◽  
Bargaining Solution ◽  
Market Pricing ◽  
Bilateral Contracts ◽  
Generation Company

In electricity markets, bilateral contracts (BC) are used to hedge against price volatility in the spot market. Pricing these contracts requires scheduling from either the buyer or the seller aiming to achieve the highest profit possible. Since this problem includes different players, a Generation Company (GC) and an Electricity Supplier Company (ESC) are considered. The approaches to solve this problem include the Nash Bargaining Solution (NBS) equilibrium and the Raiffa–Kalai–Smorodinsky (RKS) bargaining solution. The innovation of this work is the implementation of an algorithm based on the RKS equilibrium to find a compromise strategy when determining the concessions to be made by the parties. The results are promising and show that the RKS approach can obtain better results compared to the Nash equilibrium method applied to a case study.

Realized volatility and jump testing in the Japanese electricity spot market

2018 ◽  
Vol 58 (3) ◽  
pp. 1143-1166
Author(s):  
Aitor Ciarreta ◽  
Peru Muniain ◽  
Ainhoa Zarraga
Keyword(s):  
Realized Volatility ◽  
Spot Market ◽  
Electricity Spot Market

scholarly journals An operational bidding framework for aggregated electric vehicles on the electricity spot market

2022 ◽  
Vol 308 ◽  
pp. 118280
Author(s):  
L.R. Visser ◽  
M.E. Kootte ◽  
A.C. Ferreira ◽  
O. Sicurani ◽  
E.J. Pauwels ◽  
...  
Keyword(s):  
Electric Vehicles ◽  
Spot Market ◽  
Electricity Spot Market
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