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A Comparative Study of Market behaviors in a Future South African Electricity Market

Jianhu Yan, Jorge Sousa, João Lagarto

Abstract

This paper presents a comparative study on market behaviors in a proposed South African electricity market using two market simulation software, in order to evaluate different market structures and competition models. The results show that the design of market structure is essential to ensure proper competition. Market structure plays an important role on the determination of market clearing price and production. The more concentrated the market will result in higher market price. Overall profits in the market also vary with the change of market structure and competition models.

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Available abstract

Key concepts: Market share analysis, Factor market, Electricity market, Market clearing, Market microstructure, Market structure, Nonmarket forces, Order (exchange)