Analysis of cournot model of electricity market with demand response

被引：0
作者：
Lee K.-H. [1 ]
机构：
[1] Dept. of Electrical and Electronic Engineering, Dankook University
来源：
Transactions of the Korean Institute of Electrical Engineers | 2017年 / 66卷 / 01期
关键词：
Best response strategy; Cournot; Demand Response; Electricity market; Equilibrium;
D O I：
10.5370/KIEE.2017.66.1.16
中图分类号：
学科分类号：
摘要：
In order to reduce costs of electricity energy at periods of peak demand, there has been an exponential interest in Demand Response (DR). This paper discusses the effect on the participants' behavior in response to DR. Under the assumption of perfect competition, the equilibrium point of the electricity market with DR is derived by modeling a DR curve, which is suitable for microeconomic analysis. Cournot model is used to analyze the electricity market of imperfect competition that includes strategic behavior of the generation companies. Strategic behavior with DR makes it harder to compute equilibrium point due to the non-differential function of payoff distribution. This paper presents a solution method for achieving the equilibrium point using the best response function of the strategic players. The effect of DR on the electricity market is illustrated using a test system. Copyright © The Korean Institute of Electrical Engineers.
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页码：16 / 22
页数：6
相关论文
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