Compensation Mechanism Research of AGC Based on the Theory of Externality and Common Resource

Jian Xun Qi; Gao Qiang Zhao; Yang Han; Sen Guo

doi:10.4028/www.scientific.net/AMR.524-527.3036

Paper Titles

Analysis on the Business Objectives and Behavior Patterns of the Coal Enterprise Basis on Social Responsibility Cost
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Analysis on the Ecological Compensation in China's Water Source Protection Zones: A Case Study of the Middle Route Water Source Area of the South-to-North Water Transfer Project
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Application of Grey Prediction Model in Electric Power Consumption in Shandong Province
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China’s Energy Portfolio Optimization Study Based on Multi-Attribute Utility Theory and Genetic Algorithm Method
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Compensation Mechanism Research of AGC Based on the Theory of Externality and Common Resource
p.3036

Comprehensive Evaluation of Effectively Utilizing Reclaimed Water to Accomplish Sustainable Development in Tianjin, China
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Constructing the Framework of Coal Resources Paid Use System
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Developing Two-Oriented Energy to Build Two-Oriented Society Based on the Construction of Wuhan City Circle
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Development in China’s Natural Gas Industry Regulation
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HomeAdvanced Materials ResearchAdvanced Materials Research Vols. 524-527Compensation Mechanism Research of AGC Based on...

Compensation Mechanism Research of AGC Based on the Theory of Externality and Common Resource

Abstract:

The AGC (Automatic Generation Control) bring external effect for other units, power companies, users and society with its externality. Unreasonable compensation will undermine the enthusiasm of AGC units. At the same time, AGC has a supply-side attributes of common resources, and it may have a "free rider" behavior in four dimensions of capacity, quality, cost and price. According to two exclusive ideas of compensating external benefits for AS and increasing the cost of exclusion, it builds evaluation indexes system and sets up the basic model for compensation mechanism of AGC, then taking an example to analysis in which it reflects the narrowing gap among units’ profit and the recovery of units’ marginal social cost.