A market power model with demand flexibility over time for deregulated electricity markets

被引:0
|
作者
Morse, BA [1 ]
Yu, Z [1 ]
Sparrow, FT [1 ]
机构
[1] Purdue Univ, Dept Agr Econ, W Lafayette, IN 47907 USA
关键词
gaming; Cournot; profit; electricity; cross-elasticity; Almost Ideal demand system;
D O I
暂无
中图分类号
TM [电工技术]; TN [电子技术、通信技术];
学科分类号
0808 ; 0809 ;
摘要
This paper presents a gaming model with Cournot strategy considering cross-price elasticities over different time periods. The Almost Ideal demand system is explored which considers consumption with expenditure target. This means that the total consumption within certain time periods cannot be less than a lower bound. However, consumption can be shifted from peak demand time to non-peak demand time. A small electricity market setting is used in a case study to demonstrate the model.
引用
收藏
页码:2248 / 2252
页数:3
相关论文
共 50 条
  • [41] Current Practice and Thinking with Integrating Demand Response for Power System Flexibility in the Electricity Markets in the USA and Germany
    Bayer B.
    [J]. Current Sustainable/Renewable Energy Reports, 2015, 2 (2): : 55 - 62
  • [42] Decarbonization of electricity requires market-based demand flexibility
    Golden, Matt
    Scheer, Adam
    Best, Carmen
    [J]. Electricity Journal, 2019, 32 (07):
  • [43] Nodal market power assessment in electricity markets
    Wang, P
    Xiao, Y
    Ding, Y
    [J]. IEEE TRANSACTIONS ON POWER SYSTEMS, 2004, 19 (03) : 1373 - 1379
  • [44] Analysis of relationships between hourly electricity price and load in deregulated real-time power markets
    Lo, KL
    Wu, YK
    [J]. IEE PROCEEDINGS-GENERATION TRANSMISSION AND DISTRIBUTION, 2004, 151 (04) : 441 - 452
  • [45] An analysis of staged purchases in deregulated time-sequential electricity markets
    Sethi, Suresh P.
    Yan, Houmin
    Yan, J. Houzhong
    Zhang, Hanqin
    [J]. JOURNAL OF INDUSTRIAL AND MANAGEMENT OPTIMIZATION, 2005, 1 (04) : 443 - 463
  • [46] A time-of-use pricing model of the electricity market considering system flexibility
    Wesseh, Presley K., Jr.
    Lin, Boqiang
    [J]. ENERGY REPORTS, 2022, 8 : 1457 - 1470
  • [47] Application of time series based SVM model on next-day electricity price forecasting under deregulated power market
    Sun, Wei
    Lu, Jian-Chang
    Meng, Ming
    [J]. PROCEEDINGS OF 2006 INTERNATIONAL CONFERENCE ON MACHINE LEARNING AND CYBERNETICS, VOLS 1-7, 2006, : 2373 - +
  • [48] Electricity price forecasting based on GARCH model in deregulated market
    Zheng Hua
    Xie Li
    Mang Li-zi
    [J]. IPEC: 2005 INTERNATIONAL POWER ENGINEERING CONFERENCE, VOLS 1 AND 2, 2005, : 407 - 410
  • [49] Household electricity demand, the intrinsic flexibility index and UK wholesale electricity market prices
    Torriti, Jacopo
    [J]. ENVIRONMENTAL ECONOMICS AND POLICY STUDIES, 2022, 24 (01) : 7 - 27
  • [50] Optimal electricity price calculation model for retailers in a deregulated market
    Yusta, JM
    Ramírez-Rosado, IJ
    Dominguez-Navarro, JA
    Perez-Vidal, JM
    [J]. INTERNATIONAL JOURNAL OF ELECTRICAL POWER & ENERGY SYSTEMS, 2005, 27 (5-6) : 437 - 447