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