The probabilistic TC-PSI for studying market power

Market power assessment through modelling of effective anti‐competitive behaviour of participants

“…The authors in [11] introduce a generalisation of the PSI and RSI indices, known as transmission‐constrained PSI (TCPSI) considering the transmission constraints. In [12], the TCPSI index is also generalised with a probabilistic approach to consider the impact of power generation volatility on market power. The nodal market power index for assessing the local (nodal) market power under locational marginal pricing (LMP) is reported in [13].…”