Production inefficiency of electricity markets with hydro generation

被引：15

作者：

Philpott, Andy ^{[1
]}

Guan, Ziming ^{[1
]}

Khazaei, Javad ^{[1
]}

Zakeri, Golbon ^{[1
]}

机构：

[1] Univ Auckland, Dept Engn Sci, EPOC, Auckland, New Zealand

来源：

UTILITIES POLICY | 2010年 / 18卷 / 04期

关键词：

Electricity market; Hydro-electricity; Stochastic inflows; Market power;

D O I：

10.1016/j.jup.2010.09.001

中图分类号：

TE [石油、天然气工业]; TK [能源与动力工程];

学科分类号：

0807 ; 0820 ;

摘要：

Electricity market designs that decentralize decision making for participants can lead to inefficiencies in the presence of nonconvexity or missing markets. This has been shown in the case of unit-commitment problems that can make a decentralized market equilibrium less efficient than a centrally planned solution. Less attention has been focused on systems with large amounts of hydro-electric generation. We describe the results of an empirical study of the New Zealand wholesale electricity market that attempts to quantify production efficiency losses by comparing market outcomes with a counterfactual central plan. (c) 2010 Elsevier Ltd. All rights reserved.

引用

页码：174 / 185

页数：12

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