Title :
The Extensive Game Model of Electric Power Transaction between Generator and Large Customer
Author :
Fang, Debin ; Wang, Xianjia
Author_Institution :
Econ. & Manage. Sch., Wuhan Univ.
Abstract :
This paper studies market behaviors that generation company supplies electricity to large customer directly, describes pricing strategies for the generation companies in the large customer´s purchase electricity directly, models electricity bargaining between generation and large customer, resolves equilibrium strategies and subgame perfect equilibrium, discusses exhaustively characteristics of equilibrium to provide decision support for generation companies and large customer
Keywords :
game theory; power markets; electric power transaction; electricity market; electricity supply; equilibrium strategy; game model; generation company; subgame perfect equilibrium; Character generation; Companies; Costs; Delay; Energy consumption; Game theory; Power generation; Power generation economics; Pricing; Throughput; bargain; complete information; electricity market; extensive game; large customer;
Conference_Titel :
Control, Automation, Robotics and Vision, 2006. ICARCV '06. 9th International Conference on
Conference_Location :
Singapore
Print_ISBN :
1-4244-0341-3
Electronic_ISBN :
1-4214-042-1
DOI :
10.1109/ICARCV.2006.345266
