| Article ID: | iaor2004903 |
| Country: | Germany |
| Volume: | 57 |
| Issue: | 1 |
| Start Page Number: | 157 |
| End Page Number: | 171 |
| Publication Date: | Jan 2003 |
| Journal: | Mathematical Methods of Operations Research (Heidelberg) |
| Authors: | Hinz J. |
| Keywords: | energy |
This work deals with strategy optimization for electricity producers. We consider two types of auctions used to maintain the real-time balance for production and consumption of electricity. For both auctions, we calculate the market equilibrium and discuss its properties.