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Title:Forward Capacity Auction Simulation
Author(s):Keng, Seng Khai
Contributor(s):Gross, George
Subject(s):electricity markets
auctions
forward-capacity auctions
auction simulation
auction modeling
Abstract:The objective of this thesis is to analyze the ISO-NE forward capacity auction process using a mathematical model that we formulated for this purpose. We apply the AIMMS, an advanced optimization software package to simulate the model with price-quantity-pair offers by each player as input data and determine the market clearing price. This thesis also discusses the sensitivity of the market outcomes with respect to the offers submitted by set of players. We evaluate the clearing prices and capacity from each generator for different offers submitted. In addition, we explore how the bidding behavior of players will affect the market outcomes.
Issue Date:2009-05
Genre:Other
Type:Text
Language:English
URI:http://hdl.handle.net/2142/47032
Publication Status:unpublished
Peer Reviewed:not peer reviewed
Date Available in IDEALS:2014-01-22


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