Study on the Evaluation of Electricity Market Operational Efficiency Based on Synergetic Theory

Abstract:

The operational efficiency of power market is infected by the primary conditions of the market, the regulations of government, the balance of need and supply, the behaviors of participants etc. Owing to the characteristics of dynamic complexity, the evaluation for the operational efficiency of the market should develop a new way rather than the traditional way. Based on the synergetic theory, this paper established a synergetic evolution state equation model of the operational efficiency of power market combining with grey cognate principle. According to the data of the Southern power market of China, the order parameter was conformed and the order parameter evolution equation which reflects the operational situation of the market was constructed. Through this equation, the boundary value of the order parameter which implies the market is in effective was given.

• Periodical: Advanced Materials Research (Volumes 734-737)
• Pages: 1766-1771
• DOI: https://doi.org/10.4028/www.scientific.net/AMR.734-737.1766
• Online since: August 2013
• Authors: Pin Yi Zhang, Si Liang
• Keywords: Operational Efficiency, Order Parameter, Power Market, State Equation, Synergetic Theory

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