Presentation 2014-07-09
A Price Setting Problem for Electricity Markets with Intermediaries
Ryo HASE, Norihiko SHINOMIYA,
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Abstract(in English) This paper presents a price setting mechanism for competitive electricity markets consisting of independent power producers, retailers, public utilities, and consumers. In our electricity market model, the members of the markets are represented by a tripartite graph composed of three types of agents: sellers, traders, and buyers. Our method can be used to discover equilibrium of electricity prices in a given network model, and the method shows how network structure and supply capacity of sellers influences profits of the agents in the model; especially, this research focuses on the profits of electricity retailers.
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Keyword(in English) Deregulated electricity markets / Graph theory / Subgame perfect Nash equilibrium / Social welfare
Paper # CAS2014-8,VLD2014-17,SIP2014-29,MSS2014-8,SIS2014-8
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Committee SIS
Conference Date 2014/7/2(1days)
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Language ENG
Title (in Japanese) (See Japanese page)
Sub Title (in Japanese) (See Japanese page)
Title (in English) A Price Setting Problem for Electricity Markets with Intermediaries
Sub Title (in English)
Keyword(1) Deregulated electricity markets
Keyword(2) Graph theory
Keyword(3) Subgame perfect Nash equilibrium
Keyword(4) Social welfare
1st Author's Name Ryo HASE
1st Author's Affiliation Graduate School of Engineering, Soka University()
2nd Author's Name Norihiko SHINOMIYA
2nd Author's Affiliation Graduate School of Engineering, Soka University
Date 2014-07-09
Paper # CAS2014-8,VLD2014-17,SIP2014-29,MSS2014-8,SIS2014-8
Volume (vol) vol.114
Number (no) 126
Page pp.pp.-
#Pages 4
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