Generation Capacity Investment in Oligopolistic Electricity Markets under Uncertainty

Anton Burger, Robert Ferstl

Publikation: Working/Discussion Paper


The paper discusses a game theoretic model for generation capacity investment decisions
in a deregulated electricity market. We use a node-based formulation of a multi-stage
stochastic program. The uncertainty is modeled as stochastic demand function with a random
intercept for different states of the market. We present a practical application of this
S-adapted Cournot equilibrium, were we use data from the German electricity market.
PublikationsstatusVeröffentlicht - 1 Sep. 2008

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