DocumentCode :
3151329
Title :
Long-term power trade model in electricity market based on game theory
Author :
Asano, Hiroya ; Okada, Kenichi ; Yokoyama, Ryohei
Volume :
2
fYear :
2002
fDate :
6-10 Oct. 2002
Firstpage :
852
Abstract :
Electricity power industries around the world are undergoing restructuring. Many challenging issues have arisen under the newly deregulated competitive electric power market. The retail competition in electric power market has been introduced in Japan since March 2000. Although the liberalization is limited in a part of the retail power market having about 30% share of total electricity demand, the liberalized customers is now under competitive circumstance among the Utilities and new entrants. This paper proposes a negotiation model to determine electricity trade contracts between a utility, PPS and eligible customers. In addition, the negotiation price and the investment capacity are decided by negotiation model. The proposed approach has been illustrated with a numerical example to verify its effectiveness.
Keywords :
contracts; game theory; investment; power markets; power system economics; tariffs; Japan; deregulated competitive electric power market; electric utility restructuring; electricity demand; electricity market; electricity trade contracts; game theory; investment capacity; liberalization; long-term power trade model; negotiation model; negotiation price; retail competition; Contracts; Costs; Electricity supply industry; Electricity supply industry deregulation; Game theory; Industrial relations; Investments; Power industry; Power markets; Power supplies;
fLanguage :
English
Publisher :
ieee
Conference_Titel :
Transmission and Distribution Conference and Exhibition 2002: Asia Pacific. IEEE/PES
Print_ISBN :
0-7803-7525-4
Type :
conf
DOI :
10.1109/TDC.2002.1177587
Filename :
1177587
Link To Document :
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