Deregulated electricity markets are expected to provide affordable electricity for consumers
through promoting competition. Yet, the results do not always fulfill the expectations. The …

This paper studies the effects of learning and risk aversion on generation company (GenCo)
bidding behavior in an oligopolistic electricity market. To this end, a flexible agent-based …

Abstract According to Sustainable Development Goals (SDGs), societies should have
access to affordable, reliable, and sustainable energy. Liberalized electricity markets have …

We aim to provide a tool for independent system operators to detect the collusion and
identify the colluding firms by using day-ahead data. In this paper, an approach based on …

Accurate identification of violations of generators' market power abuse strongly guarantees
that the electricity spot market operates smoothly. To reduce the collinearity of indicators and …

This paper proposes an analytical approach for evaluating the potential of collusion in the
electricity market, based on the Jacobian matrix of GenCos' profit. To develop the proposed …

This paper proposes a simulation-based method for assessing the collusion potential
among Generating Companies (GENCOs) who participate in a wholesale electricity market …

Current approaches for risk management in energy market participation mostly refer to
portfolio optimization for long-term planning, and stochastic approaches to deal with …

Energy markets are intertwined and complex systems that influence and are affected by
various sectors such as transportation, industry, and electric power. Solely focusing on the …

With the recent China electricity market reformation, an increasing portion of electricity is
traded in wholesale electricity markets. However, collusion among generation companies …