The DSM Optimal Incentive Mechanism Based on Principal-agent Theory

被引:0
|
作者
Zhang Yan-fu [1 ]
Zhang Hong-qing [1 ]
Liu Lin [1 ]
机构
[1] N China Elect Power Univ, Sch Business Adm, Beijing, Peoples R China
关键词
grid companies; principal-agent theory; demand side management (DSM); incentive mechanism;
D O I
暂无
中图分类号
TN [电子技术、通信技术];
学科分类号
0809 ;
摘要
The main approach for promoting grid companies to implement Demand Side Management (DSM) is to establish effective DSM incentive mechanisms. This paper builds expected utility functions for the regulatory agency and the grid companies from the point of principal-agent theory, calculates the utility functions under different regulatory approach, and the results show that Shared Savings Incentive Mechanism can achieve regulatory agency's objectives and make grid companies' benefit maximization at the same time.
引用
收藏
页码:12832 / 12835
页数:4
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