Dynamic Negotiation Model of Bilateral Contracts in Electricity Market

Xiao Yan Zou

doi:10.4028/www.scientific.net/AMM.48-49.466

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HomeApplied Mechanics and MaterialsApplied Mechanics and Materials Vols. 48-49Dynamic Negotiation Model of Bilateral Contracts...

Dynamic Negotiation Model of Bilateral Contracts in Electricity Market

Abstract:

This paper presents a game model to analyze the dynamic negotiation process of bilateral contracts in electricity market. This model focuses on the bilateral contracts with a fixed amount of electricity and incomplete information. Equilibriums show that increasing the price transparency of spot markets will facilitate electricity trading though bilateral contracts, and enhance the efficiency of the entire electricity market.

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Periodical:

Applied Mechanics and Materials (Volumes 48-49)

Pages:

466-469

DOI:

https://doi.org/10.4028/www.scientific.net/AMM.48-49.466

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Online since:

February 2011

Authors:

Xiao Yan Zou

Keywords:

Dynamic Bargaining, Electricity Bilateral Contract, Game Theory, Negotiation Process, Rubinstein Bargaining Model

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References

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