Strategic Commitment to a Production Schedule with Uncertain Supply and Demand: Renewable Energy in Day-Ahead Electricity Markets
Published Online:7 May 2018https://doi.org/10.1287/mnsc.2017.2961
References
- (2017) Strategic investment in renewable energy sources: The effect of supply intermittency. Manufacturing Service Oper. Management 19(3):489–507.Link, Google Scholar
- (2017) Understanding how generation flexibility and renewable energy affect power market competition. Manufacturing Service Oper. Management 19(1):114–131.Link, Google Scholar
- (2016) Efficient feed-in-tariff policies for renewable energy technologies. Oper. Res. 64(1):52–66.Link, Google Scholar
- (2002) Using supply functions for offering generation into an electricity market. Oper. Res. 50(3):477–489.Link, Google Scholar
- (1992) Supply function equilibria and the danger of tacit collusion: The case of spot markets for electricity. Energy Econom. 14(2):94–102.Crossref, Google Scholar
- (2012) Impacts of large-scale integration of intermittent resources on electricity markets: A supply function equilibrium approach. Systems J. IEEE 6(2):220–232.Crossref, Google Scholar
- (2012) Explainer: Base load and peaking power. KCET (July 4), https://www.kcet.org/redefine/explainer-base-load-and-peaking-power.Google Scholar
- (2015) Federal incentives/policies for renewables and efficiency—Renewable electricity production tax credit (PTC). Accessed October 20, 2015, http://programs.dsireusa.org/system/program/detail/734.Google Scholar
- (2015) Wind in power: 2014 European statistics. http://www.ewea.org/fileadmin/files/library/publications/statistics/EWEA-Annual-Statistics-2014.pdf.Google Scholar
- (1996) Order No. 888, Final Rule—Promoting wholesale competition through open access non-discriminatory transmission services by public utilities. Issued April 24, https://www.ferc.gov/legal/maj-ord-reg/land-docs/rm95-8-00w.txt.Google Scholar
- (2014) Midcontinent Independent System Operator, Inc.—Docket No. ER14-1736-000. Accessed March 31, 2017, https://www.ferc.gov/CalendarFiles/20140616154245-ER14-1736-000.pdf.Google Scholar
- (2015) California Independent System Operator Corporation Docket No. ER15-850-000. March 13, http://www.caiso.com/Documents/Mar13_2015_OrderAcceptingEIMAdminChargeElimination_ER15-850.pdf.Google Scholar
- (1996) Increasing competition in the British electricity spot market. J. Indust. Econom. 44(2):205–216.Crossref, Google Scholar
- (1992) Competition in the British electricity spot market. J. Political Econom. 100(5):929–953.Crossref, Google Scholar
- (2008) Unique supply function equilibrium with capacity constraints. Energy Econom. 30(1):148–172.Crossref, Google Scholar
- (2010) The supply function equilibrium and its policy implications for wholesale electricity auctions. Utilities Policy 18(4):209–226.Crossref, Google Scholar
- (2015) Capacity investment in renewable energy technology with supply intermittency: Data granularity matters! Manufacturing Service Oper. Management 17(4):480–494.Link, Google Scholar
- (2015) From baseload to peak: Renewables provide a reliable solution. Working paper, http://www.irena.org/DocumentDownloads/Publications/IRENA_Baseload_to_Peak_2015.pdf.Google Scholar
- (2011) Parameterized supply function bidding: Equilibrium and efficiency. Oper. Res. 59(5):1079–1089.Link, Google Scholar
- (1989) Supply function equilibria in oligopoly under uncertainty. Econometrica 57(6):1243–1277.Crossref, Google Scholar
- (2018) Impact of electricity pricing policies on renewable energy investments and carbon emissions. Management Sci. 64(1):131–148.Link, Google Scholar
- (2011) Consumer choice model for forecasting demand and designing incentives for solar technology. Working paper, University of Pennsylvania, Philadelphia.Google Scholar
- (2016) What do Texas and California have in common? “Negative power” caused by renewables glut. Dallas News (April 5), https://www.dallasnews.com/business/energy/20160405-what-do-texas-and-california-have-in-common-negative-power-caused-by-renewables-glut.Google Scholar
- (2013) Multi-faceted solution for managing flexibility with high penetration of renewable resources. FERC Technical Conference—Increasing RT & DA Market Efficiency Through Imppoved Software, June 24–26, http://www.ferc.gov/CalendarFiles/20140411130433-T1-A%20-%20Navid.pdf, slide 11.Google Scholar
- (2014a) Analysis of EPA’s proposal to reduce CO2 emissions from existing electric generating units. Report, http://www.michigan.gov/documents/deq/AQD_EPA_GHG_Rules_Appendices_A_and_B_475443_7.pdf, pp. 70 and 71.Google Scholar
- (2014b) MISO 2013 Annual Market assessment report—Information delivery and market analysis. Accessed September 10, 2017, https://old.misoenergy.org/Library/Repository/Report/Annual%20Market%20Report/2013%20Annual%20Market%20Assessment%20Report.pdf, figure 11.Google Scholar
- (2015a) Historical generation fuel mix for 2013. Accessed September 10, 2017, https://www.misoenergy.org/markets-and-operations/market-reports/#nt=%2FMarketReportType%3ASummary%2FMarketReportName%3AHistorical%20Generation%20Fuel%20Mix%20(xls)&t=10&p=0&s=MarketReportPublished&sd=desc.Google Scholar
- (2015b) Historical generation fuel mix for 2014. Accessed September 10, 2017, https://www.misoenergy.org/markets-and-operations/market-reports/#nt=%2FMarketReportType%3ASummary%2FMarketReportName%3AHistorical%20Generation%20Fuel%20Mix%20(xls)&t=10&p=0&s=MarketReportPublished&sd=desc.Google Scholar
- (2015c) Archived historical hourly wind data. Accessed April 20, 2018, https://www.misoenergy.org/markets-and-operations/market-reports/market-report-archives/#nt=%2FMarketReportType%3ASummary%2FMarketReportName%3AArchived%20Historical%20Hourly%20Wind%20Data%20%20(zip)&t=10&p=0&s=MarketReportPublished&sd=desc.Google Scholar
- (2016a) Market settlements data. Accessed April 20, 2018, https://www.misoenergy.org/markets-and-operations/market-reports/#nt=%2FMarketReportType%3AMarket%20Settlements%2FMarketReportName%3AMarket%20Settlements%20Data%20(zip)&t=10&p=0&s=MarketReportPublished&sd=desc.Google Scholar
- (2016b) MISO module C FERC electric tariff—Energy and operating reserve markets. Accessed April 20, 2018, https://cdn.misoenergy.org/Module%20C108024.pdf.Google Scholar
- (2015) Municipal groundwater management: Optimal allocation and control of a renewable natural resource. Production Oper. Management 24(9):1453–1472.Crossref, Google Scholar
- (2015) Wind power generates 140% of Denmark’s electricity demand. The Guardian (July 10), https://www.theguardian.com/environment/2015/jul/10/denmark-wind-windfarm-power-exceed-electricity-demand.Google Scholar
- (2016) Denmark broke world record for wind power in 2015. The Guardian (January 18), https://www.theguardian.com/environment/2016/jan/18/denmark-broke-world-record-for-wind-power-in-2015.Google Scholar
- (2015) PJM Manual 27: Open access transmission tariff accounting. Accessed September 10, 2017, http://www.pjm.com/∼/media/documents/manuals/m27.ashx, p. 18.Google Scholar
- (2017) How does PJM make money? Accessed September 10, 2017, http://learn.pjm.com/who-is-pjm/how-does-pjm-make-money.aspx.Google Scholar
- (2015) Renewables 2015: Global status report. http://www.ren21.net/wp-content/uploads/2015/07/REN12-GSR2015_Onlinebook_low1.pdf, pp. 72 and 137.Google Scholar
- (1999) Supply function equilibrium in power markets: Learning all the way. TCA Technical Paper 1299:1702.Google Scholar
- (1998) Modeling electricity pricing in a deregulated generation industry: The potential for oligopoly pricing in a poolco. Energy J. 19(3):19–48.Crossref, Google Scholar
- (2013) April 2013 Wind curtailments and DIR update. Accessed April 20, 2018, https://old.misoenergy.org/Library/Repository/Meeting%20Material/Stakeholder/RSC/2013/20130514/20130514%20RSC%20Item%2011%20Wind%20Curtailment%20Data.pdf.Google Scholar
- Sioshansi FP, ed. (2008) Competitive Electricity Markets: Design, Implementation, Performance (Elsevier Science, Oxford, UK).Google Scholar
- (2012) Negative wholesale electricity prices occur in RTOs (June 18), https://www.eia.gov/todayinenergy/detail.cfm?id=6730#.Google Scholar
- (2013) Updated capital cost estimates for utility scale electricity generating plants (April), http://www.eia.gov/forecasts/capitalcost/pdf/updated_capcost.pdf, p. 12-5.Google Scholar
- (2014a) Electricity data browser. Accessed September 10, 2017, http://www.eia.gov/electricity/data/browser.Google Scholar
- (2014b) Form EIA-923 detailed data with previous form data (EIA-906/920). Accessed September 10, 2017, http://www.eia.gov/electricity/data/eia923.Google Scholar
- (2015) How much electricity does an American home use?—Average monthly residential electricity consumption, prices, and bills by state. Accessed September 10, 2017, https://www.eia.gov/tools/faqs/faq.cfm?id=97&t=3.Google Scholar
- (2016) Glossary—Baseload plants. Accessed September 10, 2017, https://www.eia.gov/tools/glossary/index.cfm?id=B.Google Scholar
- (2009) Wind power and electricity markets. Information compiled through August 2009, http://www.nerc.com/docs/pc/ivgtf/WindinMarketsTableAug09(2-4Task_Force).pdf.Google Scholar
- (2011) Wind power and electricity markets. Information compiled through October 2011. Accessed September 10, 2017, http://www.uwig.org/windinmarketstableOct2011.pdf.Google Scholar
- (2011) Strategic supply function competition with private information. Econometrica 79(6):1919–1966.Crossref, Google Scholar
- (2014) 2013 Wind technologies market report. Accessed April 20, 2018, https://emp.lbl.gov/sites/all/files/lbnl-6809e.pdf, table 5.Google Scholar
- (2013) Curtailing intermittent generation in electrical systems. Manufacturing Service Oper. Management 15(4):578–595.Link, Google Scholar
- (2011) Managing wind-based electricity generation in the presence of storage and transmission capacity. Working paper, Carnegie Mellon University, Pittsburgh.Google Scholar

