Modelling new economic approaches for the wholesale energy markets in Russia and the EU

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216208%3A11230%2F14%3A10283070" target="_blank" >RIV/00216208:11230/14:10283070 - isvavai.cz</a>
Result on the web
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DOI - Digital Object Identifier
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Result language
angličtina
Original language name
Modelling new economic approaches for the wholesale energy markets in Russia and the EU
Original language description
Our paper considers a number of classical and modern approaches to the modeling of wholesale energy markets based on the use of oligopoly and agent-oriented economic models. We develop an integrated simulation model of the wholesale energy market and study the interactions between economic agents. Furthermore, we assess the influence of market power generating companies on market condition, specifically its impact on prices, offers, and sales of electric power on the markets without a reaction from competitors. Our results are discussed with regard to the wholesale electricity market platform established by the Federal Energy. Regulatory Commission of the United States as a template for all U.S. wholesale energy markets. Our findings are also applicable to the wholesale energy markets of EU and Russian Federation
Czech name
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Czech description
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Type
J<sub>x</sub> - Unclassified - Peer-reviewed scientific article (Jimp, Jsc and Jost)
CEP classification
AH - Economics
OECD FORD branch
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Project
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Continuities
I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Publication year
2014
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

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