This dissertation aims to achieve two goals. The first is to model the strategic interactions of firms that own cascaded reservoir-hydro plants in oligopolistic and mixed oligopolistic hydrothermal electricity generation markets. Although competition in thermal generation has been extensively...

The acceptance of the nodal pricing system as a mechanism to organize wholesale power markets has exposed both generators and consumers to unprecedented volatile prices. Most of the volatility follows from the method for valuing congestion on the network. Generators and wholesale consumers pay...