文章基本信息

标题：Optimal Willingness to Supply Wholesale Electricity Under Asymmetric Linearized Marginal Costs
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作者：David Hudgins
期刊名称：International Journal of Energy Economics and Policy
电子版ISSN：2146-4553
出版年度：2012
卷号：2
期号：4
页码：307-317
语种：English
出版社：EconJournals
摘要：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. Keywords: Wholesale Electricity; Cost; Willingness to Supply; Linear Analysis; Multi-Plant; Asymmetric JEL Classifications: D43; L11; L94