DocumentCode
1887048
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
fYear
2011
fDate
4-7 April 2011
Firstpage
395
Lastpage
400
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;
fLanguage
English
Publisher
ieee
Conference_Titel
Systems Conference (SysCon), 2011 IEEE International
Conference_Location
Montreal, QC
Print_ISBN
978-1-4244-9494-1
Type
conf
DOI
10.1109/SYSCON.2011.5929082
Filename
5929082
Link To Document