Electricity Price Direct Discount Model of Power Supply Chain Based on Pareto Optimization

Author

Zhang, Jingsong ; Zhou, Jianzhong ; Mo, Li ; Li, Qingqing ; Qin, Hui

Author_Institution

Coll. ofHydropower & Inf. Eng., Huazhong Univ. of Sci. & Technol., Wuhan, China

Volume

2

fYear

2009

fDate

24-26 April 2009

Firstpage

411

Lastpage

415

Abstract

The power supply chain between the power supply company and the water transfer company is analyzed in the condition of power demand with price elasticity. According to the concept of welfare economics, the paper applies the Pareto optimization theory in the research of electricity price and establishes an electricity price direct discount model to realize the Pareto improvement of the power supply chain. Then the paper makes the max-profit of the power supply company with the optimization´s restriction condition in different price elasticity of demand respectively. Thus an optimal electricity price discount strategies set is formed to balance the benefits between the power supply company and the water transfer company. Finally, the paper inputs example data into the model to validate the availability.

Keywords

Pareto optimisation; electricity supply industry; power generation economics; pricing; profitability; supply chains; Pareto optimization theory; electricity price direct discount model; max-profit; power demand; power supply chain; power supply company; price elasticity; water transfer company; welfare economics; Elasticity; Energy consumption; Government; Marketing and sales; Pareto optimization; Power demand; Power generation; Power generation economics; Power supplies; Supply chains; Pareto optimization; electricity price direct discount; power supply chain; water transfer;

fLanguage

English

Publisher

ieee

Conference_Titel

Computational Sciences and Optimization, 2009. CSO 2009. International Joint Conference on

Conference_Location

Sanya, Hainan

Print_ISBN

978-0-7695-3605-7

Type

conf

DOI

10.1109/CSO.2009.85

Filename

5193984