Title :
A SD model for the electrical market considering inflation and regulation strategies
Author :
Yu, Ying ; Zhu, Ji
Author_Institution :
Sch. of Mechatron. Eng. & Autom., Shanghai Univ., Shanghai, China
Abstract :
A SD model is presented in this paper to study an electrical market with regulation strategies. In each time unit of the model, the Stackelberg game between the government and the grid enterprise is analyzed: in order to encourage the grid enterprise to accept the regulated price, a transfer payment considering the impacts of the inflation is made by the government firstly, and then the grid enterprise makes responsive policy under the given regulation strategies. Based on the model, a simulation is done to investigate the impact of the inflation and the regulation strategies.
Keywords :
game theory; government policies; inflation (monetary); power markets; power system economics; pricing; SD model; Stackelberg game; electrical market; government; grid enterprise; inflation; market regulation strategy; regulated price; system dynamics approach; transfer payment; Analytical models; Electricity; Games; Government; Power supplies; Power system dynamics; Power system stability; Stackelberg; simulation; system dynamics;
Conference_Titel :
Systems Conference (SysCon), 2011 IEEE International
Conference_Location :
Montreal, QC
Print_ISBN :
978-1-4244-9494-1
DOI :
10.1109/SYSCON.2011.5929082
