Nash equilibrium for coupling of CO2 allowances and electricity markets

Mireille Bossy 1 Nadia Maïzi 2 Odile Pourtallier 3
1 TOSCA - TO Simulate and CAlibrate stochastic models
CRISAM - Inria Sophia Antipolis - Méditerranée , IECL - Institut Élie Cartan de Lorraine : UMR7502
3 COPRIN - Constraints solving, optimization and robust interval analysis
CRISAM - Inria Sophia Antipolis - Méditerranée , ENPC - École des Ponts ParisTech
Abstract : In this note, we present an existence result of a Nash equilibrium between electricity producers selling their production on an electricity market and buying CO2 emission allowances on an auction carbon market. The producers' strategies integrate the coupling of the two markets via the cost functions of the electricity production. We set out a clear Nash equilibrium that can be used to compute equilibrium prices on both markets as well as the related electricity produced and CO2 emissions covered.
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Submitted on : Tuesday, December 3, 2013 - 3:04:09 PM
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  • HAL Id : hal-00913320, version 1
  • ARXIV : 1311.1535

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Mireille Bossy, Nadia Maïzi, Odile Pourtallier. Nash equilibrium for coupling of CO2 allowances and electricity markets. ESAIM: Proceedings, EDP Sciences, 2014, Congrès SMAI 2013, 45, September 2014, pp.98 - 107. ⟨hal-00913320⟩

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