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Optimal Willingness to Supply Wholesale Electricity Under Asymmetric Linearized Marginal Costs

Year 2012, Volume: 2 Issue: 4, 307 - 317, 01.12.2012

Abstract

This analysis derives the profit-maximizing willingness to supply functions for single-plant and multi-plant wholesale electricity suppliers that all incur linear marginal costs. The optimal strategy must result in linear residual demand functions in the absence of capacity constraints. This necessarily leads to a linear pricing rule structure that can be used by firm managers to construct their offer curves and to serve as a benchmark to evaluate firm profit-maximizing behavior. The procedure derives the cost functions and the residual demand curves for merged or multi-plant generators, and uses these to construct the individual generator plant offer curves for a multi-plant firm.

Year 2012, Volume: 2 Issue: 4, 307 - 317, 01.12.2012

Abstract

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Details

Other ID JA64FD55CH
Journal Section Research Article
Authors

David Hudgins This is me

Publication Date December 1, 2012
Published in Issue Year 2012 Volume: 2 Issue: 4

Cite

APA Hudgins, D. (2012). Optimal Willingness to Supply Wholesale Electricity Under Asymmetric Linearized Marginal Costs. International Journal of Energy Economics and Policy, 2(4), 307-317.
AMA Hudgins D. Optimal Willingness to Supply Wholesale Electricity Under Asymmetric Linearized Marginal Costs. IJEEP. December 2012;2(4):307-317.
Chicago Hudgins, David. “Optimal Willingness to Supply Wholesale Electricity Under Asymmetric Linearized Marginal Costs”. International Journal of Energy Economics and Policy 2, no. 4 (December 2012): 307-17.
EndNote Hudgins D (December 1, 2012) Optimal Willingness to Supply Wholesale Electricity Under Asymmetric Linearized Marginal Costs. International Journal of Energy Economics and Policy 2 4 307–317.
IEEE D. Hudgins, “Optimal Willingness to Supply Wholesale Electricity Under Asymmetric Linearized Marginal Costs”, IJEEP, vol. 2, no. 4, pp. 307–317, 2012.
ISNAD Hudgins, David. “Optimal Willingness to Supply Wholesale Electricity Under Asymmetric Linearized Marginal Costs”. International Journal of Energy Economics and Policy 2/4 (December 2012), 307-317.
JAMA Hudgins D. Optimal Willingness to Supply Wholesale Electricity Under Asymmetric Linearized Marginal Costs. IJEEP. 2012;2:307–317.
MLA Hudgins, David. “Optimal Willingness to Supply Wholesale Electricity Under Asymmetric Linearized Marginal Costs”. International Journal of Energy Economics and Policy, vol. 2, no. 4, 2012, pp. 307-1.
Vancouver Hudgins D. Optimal Willingness to Supply Wholesale Electricity Under Asymmetric Linearized Marginal Costs. IJEEP. 2012;2(4):307-1.