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 language | English |
|---|---|
| Title of host publication | Proceedings of the IEEE Power Engineering Society Transmission and Distribution Conference |
| Pages | 852-857 |
| Number of pages | 6 |
| Volume | 2 |
| Edition | ASIA PACIFIC |
| Publication status | Published - 2002 |
| Event | IEEE/PES Transmission and Distribution Conference and Exhibition 2002 : Asia Pacific - Yokahama Duration: 2002 Oct 6 → 2002 Oct 10 |
Other
| Other | IEEE/PES Transmission and Distribution Conference and Exhibition 2002 : Asia Pacific |
|---|---|
| City | Yokahama |
| Period | 02/10/6 → 02/10/10 |
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Keywords
- Deregulation
- Games theory
- Investment capacity
- Negotiation model
- Partial liberalization in retail market
- Transaction electricity price
ASJC Scopus subject areas
- Engineering(all)
- Energy(all)
Cite this
Long-term power trade model in electricity market based on game theory. / Geerli, [No Value]; Kurihara, Ikuo; Asano, Hiroshi; Okada, Kenji; Yokoyama, Ryuichi.
Proceedings of the IEEE Power Engineering Society Transmission and Distribution Conference. Vol. 2 ASIA PACIFIC. ed. 2002. p. 852-857.Research output: Chapter in Book/Report/Conference proceeding › Conference contribution
}
TY - GEN
T1 - Long-term power trade model in electricity market based on game theory
AU - Geerli, [No Value]
AU - Kurihara, Ikuo
AU - Asano, Hiroshi
AU - Okada, Kenji
AU - Yokoyama, Ryuichi
PY - 2002
Y1 - 2002
N2 - 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.
AB - 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.
KW - Deregulation
KW - Games theory
KW - Investment capacity
KW - Negotiation model
KW - Partial liberalization in retail market
KW - Transaction electricity price
UR - http://www.scopus.com/inward/record.url?scp=0038308993&partnerID=8YFLogxK
UR - http://www.scopus.com/inward/citedby.url?scp=0038308993&partnerID=8YFLogxK
M3 - Conference contribution
AN - SCOPUS:0038308993
VL - 2
SP - 852
EP - 857
BT - Proceedings of the IEEE Power Engineering Society Transmission and Distribution Conference
ER -