Abstract
The purpose of the scientific publication «Strategies of generating companies on the wholesale electricity market» is to draw attention to the liberalization of the wholesale electricity market in conditions of imperfect competition, contribute to the improvement of methods and approaches to the construction of models of the electricity market and the behavior of market agents, as well as to assess their cost-effectiveness. The publication provides guidelines and recommendations for the development of the electricity market models and evaluation of behavioral strategies of generating companies, which are based on the use of market forces and their impact on the situation on the energy market.
The book assesses the wide range of issues in the field of contemporary trends in power systems, the evolution of economic-mathematical methods and simulation used for studying the energy markets. The material presented in this book can be used by students, undergraduates, graduate students, teachers, professionals, and scientists who are interested in the application of economic and mathematical methods and simulation models to study the behavior of the wholesale electricity markets.