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

Kód výsledku v 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>

Výsledek na webu

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DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

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

Popis výsledku v původním jazyce

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

Název v anglickém jazyce

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

Popis výsledku anglicky

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

Druh

J_x - Nezařazeno - Článek v odborném periodiku (Jimp, Jsc a Jost)

CEP obor

AH - Ekonomie

OECD FORD obor

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Projekt

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Návaznosti

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Rok uplatnění

2014

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název periodika

Transformations in Business and Economics

ISSN

1648-4460

e-ISSN

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Svazek periodika

13

Číslo periodika v rámci svazku

2B

Stát vydavatele periodika

LT - Litevská republika

Počet stran výsledku

15

Strana od-do

566-580

Kód UT WoS článku

000346547900002

EID výsledku v databázi Scopus

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