Long-term Hydropower Pricing in the Spot Market with Evolutionary Game Theory

被引:5
|
作者
Lin, Liling [1 ]
Huang, Chaorong [2 ]
Zhao, Linfeng [3 ]
机构
[1] China Univ Polit Sci & Law, Sch Business, Dept Finance, Beijing 100088, Peoples R China
[2] Maintenance Branch Co State Grid Co Ltd, Xiamen 361004, Peoples R China
[3] Boston Univ, Dept Phys, Sch Arts & Sci, 590 Commonwealth Ave, Boston, MA 02215 USA
关键词
Hydropower market; game; pricing; equilibrium; phasic map;
D O I
10.2112/SI103-024.1
中图分类号
X [环境科学、安全科学];
学科分类号
08 ; 0830 ;
摘要
At present, the development of hydropower market in most countries and regions are still at the initial stage, and existing laws and regulations are not adequate enough. The hydropower market is still in the dynamic evolution and development. This paper carried out the evolutionary game analysis of the hydropower market and compared the payoff matrix of power producers when there is a serious power supply shortage. It is found that PAB (pay as bid) settlement is conducive to the stability of power price. When power supply exceeds demand, the on-grid price under MCP (market clearing price) will be lower than that under PAB, which stabilizes and balances development of power market.
引用
收藏
页码:117 / 119
页数:3
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