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Analysis of Price-Clearing in the Generation Bidding Competition  

정구형 (홍익대학 전기정보제어공학과)
강동주 (한국전기연구원)
김발호 (홍익대학 전기정보제어공학과)
전영환 (홍익대학 전기정보제어공학과)
Publication Information
The Transactions of the Korean Institute of Electrical Engineers A / v.53, no.1, 2004 , pp. 56-66 More about this Journal
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
Game theory; generation bidding competition; price clearing; strategic behavior; mzximum capacity constraints;
Citations & Related Records
Times Cited By KSCI : 3  (Citation Analysis)
연도 인용수 순위
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