Sequential Time-Step Oligopolistic Electricity Market Competition with Forward Expectations

Analysis of dynamic Cournot learning models for generation companies based on conjectural variations and forward expectation

“…Price market dynamics is emphasized as the bidding iterative process associated to each trading period. In [14] FE is introduced as a learning approach to study generation companies' production decisions in an oligopolistic electricity market solved by sequential market equilibriums. The model also incorporates the effects of technical and temporal constraints such as time on/off and ramp up/down.…”