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A Comparative Study of Iran’s Electricity Market Auction Mechanism and System Marginal Price Auction Mechanism

Jamshid Pajuyan; Teymour Mohammadi; Javid Bahrami; Faramarz Atbaei

Volume 14, Issue 53 , July 2014, , Pages 1-35

Abstract
  The present article discusses the impacts of selecting between different common auctions in electricity markets (system marginal price auction and pay as bid auction) on production efficiency, total efficiency and average expected price in an asymmetric information situation, where each player’s ...  Read More