Long-term power trade model in electricity market based on game theory

[No Value] Geerli, Ikuo Kurihara, Hiroshi Asano, Kenji Okada, Ryuichi Yokoyama

    Research output: Chapter in Book/Report/Conference proceedingConference contribution

    3 Citations (Scopus)

    Abstract

    Electricity power industries around the world are undergoing restructuring. Many challenging issues have arisen under the newly deregulated competitive electric power market. The retail competition in electric power market has been introduced in Japan since March 2000. Although the liberalization is limited in a part of the retail power market having about 30% share of total electricity demand, the liberalized customers is now under competitive circumstance among the Utilities and new entrants. This paper proposes a negotiation model to determine electricity trade contracts between a utility, PPS and eligible customers. In addition, the negotiation price and the investment capacity are decided by negotiation model. The proposed approach has been illustrated with a numerical example to verify its effectiveness.

    Original languageEnglish
    Title of host publicationProceedings of the IEEE Power Engineering Society Transmission and Distribution Conference
    Pages852-857
    Number of pages6
    Volume2
    EditionASIA PACIFIC
    Publication statusPublished - 2002
    EventIEEE/PES Transmission and Distribution Conference and Exhibition 2002 : Asia Pacific - Yokahama
    Duration: 2002 Oct 62002 Oct 10

    Other

    OtherIEEE/PES Transmission and Distribution Conference and Exhibition 2002 : Asia Pacific
    CityYokahama
    Period02/10/602/10/10

    Keywords

    • Deregulation
    • Games theory
    • Investment capacity
    • Negotiation model
    • Partial liberalization in retail market
    • Transaction electricity price

    ASJC Scopus subject areas

    • Engineering(all)
    • Energy(all)

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  • Cite this

    Geerli, N. V., Kurihara, I., Asano, H., Okada, K., & Yokoyama, R. (2002). Long-term power trade model in electricity market based on game theory. In Proceedings of the IEEE Power Engineering Society Transmission and Distribution Conference (ASIA PACIFIC ed., Vol. 2, pp. 852-857)