Title :
Analytical method of suppliers´ behaviors in electricity market
Author :
Dun-nan, Liu ; Guang-yu, He ; Rui-Qing, Li ; Xue-qing, Chen
Author_Institution :
Dept. of Electr. Eng., Tsinghua Univ., Beijing, China
Abstract :
The suppliers´ bidding behaviors are one of the most significant factors which will impact on the market price. Some kinds of bidding behaviors, such as speculation and collusion, may reduce the performance and efficiency of electricity market. To identify the bad bidding behaviors and trace out their causation is very important for the operators of a healthy market. This paper firstly brings forward the main kinds of harmful bidding behaviors. Then systemically introduces the definition, signification and application of technical indexes using to analysis the suppliers´ behaviors, and an example is puts forward to illustrate how to identify the behavior of collusion with technical indexes. At last it summarizes the influence factors of harmful behaviors and makes suggestion on how to control and mitigate them. Examples and actual application for an electricity market in China are presented throughout the paper to illustrate the ideas.
Keywords :
power markets; China; analytical method; bidding behaviors; electricity market efficiency; healthy market; market price; technical indexes collusion; Electricity supply industry; Electricity supply industry deregulation; Forward contracts; Power generation; Power generation economics; Power supplies;
Conference_Titel :
Power Systems Conference and Exposition, 2004. IEEE PES
Print_ISBN :
0-7803-8718-X
DOI :
10.1109/PSCE.2004.1397613