Abstract
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.
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.
| Original language | English |
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| Publication status | Published - 1 Sept 2008 |