International Journal of

Abstract:
The main goal of this paper is to modeling of producers’ strategic
suggestions for each electricity manufacturer in an oligopolistic
structure. According to the proposed structure of the electricity
market modeling; this paper uses a dynamic model based on
cournot equilibrium. Due to the large volume of required
information, the implementation of the model is limited to a
regional electricity market and the model is be implemented in such
as a way to compare the results for low, medium and peak load
consumption. Market actors in the research are active power plants
in Isfahan electricity region and MATLAB software has been used
for solving the model. The empirical results of model with the
actual behavior of actors in selected hours have been compared and
finally by comparing the actual behavior of actors with the results
of the simulation model, the analysis and results are presented.
Accordingly it is clear that the producers did not use cournot
strategy. Although the proposed strategy can be more profitable for
them.