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Marek Kočan 《Central European Journal of Operations Research》2008,16(1):67-78
In the first years after the deregulation of the electricity industry, investment into new generation capacity has not taken
place on a large scale in any central european country. Recent increases in prices indicate that investment could be very
profitable. However, the fear is that the need for new capacity can be overestimated and that could lead to a decrease in
prices and profits and consequently to a reduction/stop of new investments. The aim of this paper is to model and analyze
factors that influence the stability of electricity prices. The electricity market is modeled using a Cournot game and the
stability of electricity prices is analyzed by simulations.
The research was supported by the grant 1/3001/06 of the Grant Agency of Slovak Republic (VEGA) and grant VVGS 36/2006. 相似文献
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