Title :
Long Term Evolutionary Game Analysis of Pricing in Electricity Market
Author_Institution :
Sch. of Inf., Beijing Union Univ., Beijing, China
Abstract :
Currentyly¿Cthe electricity markets of most countries and regions are still at starting or developing stage. Correspondingly, many laws and regulations of electric market are still not complete, and the electricity market is still in dynamic state of development and evolution. In this paper, a electricty market evolution game model is introduced and analysis. The result indicate that by comparing of the revenue matrix of electricity generators, it can be found that PAB is the best way for promoting the stability of electricity price when the electricy is in short supply. While the MCP for electrity supplier can be best choice for promoting the electric market to stabilize the development of the equilibrium.
Keywords :
game theory; power markets; pricing; electricity generators; electricity market; electrity supplier; evolution game model; long term evolutionary game analysis; pricing; Electricity; Evolution (biology); Game theory; Games; Power generation; Power system dynamics; Pricing;
Conference_Titel :
Management and Service Science (MASS), 2011 International Conference on
Conference_Location :
Wuhan
Print_ISBN :
978-1-4244-6579-8
DOI :
10.1109/ICMSS.2011.5999438