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cs.GT2022
A fundamental Game Theoretic model and approximate global Nash Equilibria computation for European Spot Power Markets
Ioan Alexandru Puiu, Raphael Andreas Hauser
Spot electricity markets are considered under a Game-Theoretic framework, where risk averse players submit orders to the market clearing mechanism to maximise their own utility. Co…
cs.GT2022
On Market Clearing of Day Ahead Auctions for European Power Markets: Cost Minimisation versus Social Welfare Maximisation
Ioan Alexandru Puiu, Raphael Andreas Hauser
For the case of inflexible demand and considering network constraints, we introduce a Cost Minimisation (CM) based market clearing mechanism, and a model representing the standard…