Analysis and visualization of market power in electric power systems

Thomas J Overbye, Jamie D. Weber, Kollin J. Patten

Research output: Contribution to journalConference articlepeer-review

Abstract

This paper discusses the assessment and visualization of market power in bulk electricity markets, with the explicit consideration of transmission system constraints. In general, market power is the ability of a particular seller or group of sellers to maintain prices profitably above competitive levels for a significant period of time. When an entity has and exercises market power, it ceases to be a price taker and becomes a price maker. The restructuring of the electric industry in many parts of the world has encouraged competitive markets with the objective of reaping the benefits of lower prices and innovation that competition can provide. Such benefits are not attainable when a player utilizing the electric transmission system may exert market power. This paper describers the procedures for analyzing and visualizing such potential situations.

Original languageEnglish (US)
Number of pages1
JournalProceedings of the Hawaii International Conference on System Sciences
StatePublished - Jan 1 1999
EventProceedings of the 1999 32nd Annual Hawaii International Conference on System Sciences, HICSS-32 - Maui, HI, USA
Duration: Jan 5 1999Jan 8 1999

ASJC Scopus subject areas

  • Computer Science(all)

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