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dc.contributor.authorÇelebi, Emre
dc.contributor.authorKrebs, Vanessa
dc.contributor.authorSchmidt, Martin
dc.date.accessioned2021-04-24T17:42:53Z
dc.date.available2021-04-24T17:42:53Z
dc.date.issued2021-03
dc.identifier.issn1868-3967
dc.identifier.urihttps://hdl.handle.net/20.500.12469/4005
dc.description.abstractWe consider uncertain robust electricity market equilibrium problems including transmission and generation investments. Electricity market equilibrium modeling has a long tradition but is, in most of the cases, applied in a deterministic setting in which all data of the model are known. Whereas there exist some literature on stochastic equilibrium problems, the field of robust equilibrium models is still in its infancy. We contribute to this new field of research by considering Gamma-robust electricity market equilibrium models on lossless DC networks with transmission and generation investments. We state the nominal market equilibrium problem as a mixed complementarity problem as well as its variational inequality and welfare optimization counterparts. For the latter, we then derive a Gamma-robust formulation and show that it is indeed the counterpart of a market equilibrium problem with robustified player problems. Finally, we present two case studies to gain insights into the general effects of robustification on electricity market models. In particular, our case studies reveal that the transmission system operator tends to act more risk-neutral in the robust setting, whereas generating firms clearly behave more risk-averse.en_US
dc.language.isoEnglishen_US
dc.publisherSPRINGER HEIDELBERGen_US
dc.subjectRobust optimizationen_US
dc.subjectRobust market equilibriaen_US
dc.subjectElectricity market equilibrium modelsen_US
dc.subjectTransmission and generation investmenten_US
dc.subjectPerfect competitionen_US
dc.titleGamma-Robust electricity market equilibrium models with transmission and generation investmentsen_US
dc.typeArticleen_US
dc.relation.journalENERGY SYSTEMS-OPTIMIZATION MODELING SIMULATION AND ECONOMIC ASPECTSen_US
dc.identifier.wos000632750200001en_US
dc.identifier.doi10.1007/s12667-020-00411-xen_US
dc.contributor.khasauthorÇelebi, Emreen_US


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