Title : 
Research on Impact of Growth of Real-Time Price Consumers on Generation Capacity Investment
         
        
            Author : 
Ming, Zeng ; Guofeng, Yang ; Jiangbo, Wang ; Shaohua, Yin
         
        
            Author_Institution : 
Res. Center of Energy & Electr. Econ., North China Electr. Power Univ., Beijing, China
         
        
        
        
        
        
            Abstract : 
Real-time price is the fulcrum of competitive electricity market, which is also an effective way to achieve optimal allocation of power market resources. Firstly, this paper builds a mathematical model about the competition of wholesale market and retail market; And then, it builds an incentive model about the influence of Growth of real-time price consumers on generation capacity investment; Finally, it verifies the validity of the model by an economic theoretical example.
         
        
            Keywords : 
investment; power generation economics; power markets; pricing; competitive electricity market; generation capacity investment; power market resources; real time price consumers; retail market; wholesale market; Electricity; Electricity supply industry; Generators; Investments; Power generation; Power systems; Real time systems; generation capacity; generation investment; marginal cost; real-time price (RTP);
         
        
        
        
            Conference_Titel : 
Electrical and Control Engineering (ICECE), 2010 International Conference on
         
        
            Conference_Location : 
Wuhan
         
        
            Print_ISBN : 
978-1-4244-6880-5
         
        
        
            DOI : 
10.1109/iCECE.2010.995