Electricity pricing and load dispatching in deregulated electricity market

[No Value] Geerli, S. Niioka, R. Yokoyama

    Research output: Contribution to journalArticle

    3 Citations (Scopus)

    Abstract

    A rapid move to a market-based electric power industry will significantly alter the structure of electricity pricing and system operation. In this paper, we consider a game of negotiation in the electricity market, involving electric utilities, independent power producers (IPPs) and large-scale customers. We analyze the two-level game strategies for the negotiation process between utilities, IPPs and customers. These have been previously recognized as a way to come up with a rational decision for competitive markets, in which players intend to maximize their own profits. The derived operation rules based on competition can be viewed as an extension of the conventional equal incremental cost method for the deregulated power system. The proposed approach was applied to several systems to verify its effectiveness.

    Original languageEnglish
    Pages (from-to)491-498
    Number of pages8
    JournalInternational Journal of Electrical Power and Energy System
    Volume25
    Issue number6
    DOIs
    Publication statusPublished - 2003 Jul

    Keywords

    • Deregulation
    • Economical load distribution
    • Electricity price

    ASJC Scopus subject areas

    • Energy Engineering and Power Technology
    • Electrical and Electronic Engineering

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