Abstract
We address the question of the optimal allocation of electricity production resources among several production technologies. We consider the effect of competition among different power generators on the equilibrium of the real-time electricity market. For this equilibrium optimal strategies of electricity producers are obtained, yielding for each technology the production capacity to be installed.
Citation
Juri Hinz. "Optimizing a portfolio of power-producing plants." Bernoulli 9 (4) 659 - 669, August 2003. https://doi.org/10.3150/bj/1066223273
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