Date / Heure
Date(s) - 12 Avr 2018
15 h 30 min - 16 h 30 min

HEC Montreal, Salle Hélène-Desmarais


Host: Pierre-Olivier Pineau, Chair of Energy Sector Management, HEC Montreal

Guest Speaker:  Afzal Siddiqui, Professor at Department of Statistical Science, University College London and Department of Computer and Systems Sciences, Stockholm University

Date: Thursday, April 12th 2018, 3:30 to 4:30pm

Where: HEC Montreal, Room Hélène-Desmarais, 3000, Côte-Sainte-Catherine Rd (1st Floor; Blue Section)

 Description : To assess welfare impacts of investment in energy storage by a profit-maximising merchant, we developed a bi-level programming model of an imperfectly competitive electricity market. The framework assumes electricity-generation and storage-operations decisions at the lower level and storage investment at the upper level. We demonstrate that a relatively high (low) amount of market power in the generation sector leads to low (high) storage-capacity investment by the profit-maximising storage operator relative to the welfare-maximizer. This can result in net social welfare losses with a profit-maximising storage operator compared to a no-storage case.

Free event. To register, click here.