The Transactions of the Korean Institute of Electrical Engineers A (대한전기학회논문지:전력기술부문A)

The Korean Institute of Electrical Engineers (대한전기학회)
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Analysis of Price-Clearing in the Generation Bidding Competition

발전입찰경쟁에서의 가격결정에 관한 분석

  • 정구형 (홍익대학 전기정보제어공학과) ;
  • 강동주 (한국전기연구원) ;
  • 김발호 (홍익대학 전기정보제어공학과) ;
  • 전영환 (홍익대학 전기정보제어공학과)
  • Published : 2004.01.01
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Abstract

As deregulation evolves, pricing electricity becomes a major issue in the electric industry. Participants of competitive marketplace are able to improve their profits substantially by adequately pricing the electricity. In this paper, game theory is applied to analyze the price-clearing in the generation bidding competition and the competition is modeled as the noncooperative and complete information. The result of this analysis can be useful in understanding spot price-clearing of electricity and generating entity's strategic behavior in the competitive electricity market.

Keywords

References

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