A discussion on power market equilibrium and its failures

被引:0
|
作者
Wang, Cheng-Min [1 ]
Yuan, Zhi-Qiang [1 ]
Hou, Zhi-Jian [1 ]
机构
[1] Sch. of Electron./Elec. Engineering, Shanghai Jiaotong University, Shanghai 200030, China
关键词
Electric network analysis - Electric power systems - Electrical engineering - Electricity - Marketing - Taxation;
D O I
暂无
中图分类号
学科分类号
摘要
Market equilibrium and market failures are two opposite concepts. Because of the particularity of power network, in general, electricity market cannot operate at the intersection of the power supply curve and power demand curve and this phenomenon is the expression of market failure, i.e., electricity market cannot reach the equilibrium state under normal conditions. According to the principles in economics, there are two countermeasures for market failure, they are the coordination measure by tax revenues of government and that among the market members. Through the comparison of the two countermeasures a kind of coordination measure among the market members is put forward to make the electricity market reach its equilibrium state again.
引用
收藏
页码:65 / 69
相关论文
共 50 条
  • [21] Failures on the market and market failures: a complementary currency for bankruptcy procedures
    Amato, Massimo
    Fantacci, Luca
    CAMBRIDGE JOURNAL OF ECONOMICS, 2016, 40 (05) : 1377 - 1395
  • [22] Research on The General Equilibrium Theory and Reactive Power Pricing in Power Market
    Wang, Chengmin
    Yi, Tao
    Xie, Ning
    ELEKTRONIKA IR ELEKTROTECHNIKA, 2012, 18 (08) : 13 - 18
  • [23] Mitigation of Market Power in Deregulated Power System Using Nash Equilibrium
    Khan, Mohd Tauseef
    Siddiqui, Anwar Shahzad
    Sarwar, Md
    Iqbal, Fahad
    2015 ANNUAL IEEE INDIA CONFERENCE (INDICON), 2015,
  • [24] Electricity market equilibrium of nonlinear power systems with reactive power control
    Petoussis, A. G.
    Zhang, X-P.
    Petoussis, S. G.
    Godfrey, K. R.
    ELECTRIC POWER SYSTEMS RESEARCH, 2010, 80 (05) : 537 - 546
  • [25] EXTERNAL CURRENCY MARKET EQUILIBRIUM AND ITS IMPLICATIONS FOR REGULATION OF THE EUROCURRENCY MARKET
    LOGUE, DE
    SENBET, LW
    JOURNAL OF FINANCE, 1983, 38 (02): : 435 - 447
  • [26] Equilibrium Simulation of Power Market with Wind Power Based on CVaR Approach
    Li, Jing
    Wang, Xian
    Zhang, Shaohua
    SYSTEMS SIMULATION AND SCIENTIFIC COMPUTING, PT I, 2012, 326 : 64 - 73
  • [27] Dynamic equilibrium at a congestible facility under market power
    Verhoef, Erik T.
    Silva, Hugo E.
    TRANSPORTATION RESEARCH PART B-METHODOLOGICAL, 2017, 105 : 174 - 192
  • [28] Power inside the firm and the market: A general equilibrium approach
    Marin, Dalia
    Verdier, Thierry
    JOURNAL OF THE EUROPEAN ECONOMIC ASSOCIATION, 2008, 6 (04) : 752 - 788
  • [29] Evolutionary computation techniques for power market equilibrium determination
    Wong, K. P.
    Chung, C. Y.
    2006 POWER ENGINEERING SOCIETY GENERAL MEETING, VOLS 1-9, 2006, : 2754 - +
  • [30] General equilibrium and reactive power pricing in electricity market
    Shanghai Jiaotong University, Shanghai 200240, China
    Dianli Xitong Zidonghue, 2007, 24 (16-20): : 16 - 20