Mitigation of Supplier Market Power
The mitigation of supplier (generators) market power is commonly accepted but less well documented. For suppliers to exercise market power they would need to withhold generation in the Day-Ahead market (DAM). This is more difficult in the presence of virtual bidding as virtual traders can submit virtual supply to compete away this withholding practice.
Read more about this topic: Virtual Bidding
Famous quotes containing the words mitigation, supplier, market and/or power:
“Law is a thing which is insensible, and inexorable, more beneficial and more profitious to the weak than to the strong; it admits of no mitigation nor pardon, once you have overstepped its limits.”
—Titus Livius (Livy)
“You don’t decide to build a church because you have money in the bank. You build because God says this is what I should do. Faith is the supplier of things hoped for and the evidence of things not seen.”
—Jim Bakker (b. 1940)
“It is a sign of our times, conspicuous to the coarsest observer, that many intelligent and religious persons withdraw themselves from the common labors and competitions of the market and the caucus, and betake themselves to a certain solitary and critical way of living, from which no solid fruit has yet appeared to justify their separation.”
—Ralph Waldo Emerson (1803–1882)
“But the life of Spirit is not the life that shrinks from death and keeps itself untouched by devastation, but rather the life that endures it and maintains itself in it. It wins its truth only when, in utter dismemberment, it finds itself.... Spirit is this power only by looking the negative in the face, and tarrying with it. This tarrying with the negative is the magical power that converts it into being. This power is identical with what we earlier called the Subject.”
—Georg Wilhelm Friedrich Hegel (1770–1831)