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David Gachiri Nderitu SUFG, Purdue University nderitu@purdue.edu

Quantifying the benefits of distributed generation in imperfectly competitive electricity markets. David Gachiri Nderitu SUFG, Purdue University nderitu@purdue.edu. In this Presentation. DG has a lot of benefits Market power mitigation Reliability Security

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David Gachiri Nderitu SUFG, Purdue University nderitu@purdue.edu

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  1. Quantifying the benefits of distributed generation in imperfectly competitive electricity markets David Gachiri Nderitu SUFG, Purdue University nderitu@purdue.edu

  2. In this Presentation • DG has a lot of benefitsMarket power mitigationReliabilitySecurity • Especially when in oligopolistic marketsAverage cost models hide their value • Spatial oligopoly model for Midwest

  3. Statement of Imperfect Competition Each firms decision variable is to maximize its profit Given a a market price And the firms total cost function

  4. Profit Maximizing Conditions And expanded further into Conjectural variations model

  5. Alternative Assumptions/Models • Cournot • Cartel • Price leadership MRL = MCL on residual demand • Quasi-competitive

  6. Relative Prices Price Cartel Cournot Bertland Marginal Cost Demand curve Marginal Revenue Quantity Cartel Bertland Cournot

  7. Suppliers in Electricity Market

  8. KKT Optimality

  9. Complementarity Problem Cournot Assumption

  10. HEREC BREC SIGECO SIPC AMRN LG&E IP CE CILC MAPP TVA AW EKPC PJM PSI APS DLCO IPL DPL VP CG&E AEP DECO CPC NIPSCO OVEC Case Study OHY AE FE SPIL EEI SPP

  11. Demand Response

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