Variational Methods for Equilibrium Problems Applied to Electricity Markets

This paper focuses on the study of an economic equilibrium problem for an electricity market model in a multistage-stochastic framework, where,stage by stage, the uncertainty evolves with continuity. We analyze the point of view of a finite number of power companies in a sequence of competitive mark...

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Vydáno v:Journal of optimization theory and applications Ročník 208; číslo 1; s. 26
Hlavní autoři: De Giuli, Maria Elena, Milasi, Monica, Oggioni, Giorgia, Scopelliti, Domenico
Médium: Journal Article
Jazyk:angličtina
Vydáno: New York Springer US 01.01.2026
Springer Nature B.V
Témata:
Algebra
Applications of Mathematics
Banach spaces
Calculus of Variations and Optimal Control; Optimization
Corporate profits
Decision making
Electricity
Engineering
Inequality
Market economies
Market equilibrium
Mathematics
Mathematics and Statistics
Operations Research/Decision Theory
Operators (mathematics)
Optimization
Theory of Computation
Uncertainty
Variables
Variational methods
Uncertainty
Risk measure
Radner equilibrium
Electricity markets
Quasi-variational inequalities
ISSN:0022-3239, 1573-2878
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Shrnutí:This paper focuses on the study of an economic equilibrium problem for an electricity market model in a multistage-stochastic framework, where,stage by stage, the uncertainty evolves with continuity. We analyze the point of view of a finite number of power companies in a sequence of competitive markets.Each of them produces electricity, both with conventional and renewable-based plants, participates in the trade in the spot markets that open after the uncertainty is revealed, and signs bilateral and forward contracts. Moreover, we capture the risk attitude of each power company by considering a suitable coherent risk measure in the problem’s formulation. In order to prove the existence of at least one equilibrium solution, we introduce a suitable quasi-variational inequality formulation. In this light, we also investigate suitable regularity properties of the involved superdifferential operator in the presence of certain parameter perturbations in Banach spaces.
Bibliografie:ObjectType-Article-1
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ISSN:0022-3239
1573-2878
DOI:10.1007/s10957-025-02846-7