Dynamic Negotiation Model of Bilateral Contracts in Electricity Market

Abstract:

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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:

Edited by:

Zhixiang Hou

Pages:

466-469

DOI:

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

Citation:

X. Y. Zou "Dynamic Negotiation Model of Bilateral Contracts in Electricity Market", Applied Mechanics and Materials, Vols. 48-49, pp. 466-469, 2011

Online since:

February 2011

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$35.00

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