Research On Competing Price Strategies Of Power Plant Based On Game Theory

Under electricity market, Power generators sale power in forward market and spot market . It is very important to find an effective and reasonable bidding model, which will not only motivate the generating enterprises to strengthen management and improve the efficiency, consequently decreasing the electricity price, but also bring the market risk and steady transition into consideration.Relevant parts of Game Theory, Microeconomics and Power Market Theory are used to analyze the gaming behaviors of the generating corporations when facing the two markets in the generation-oriented market.Power generators' forward contract sales have strategic impacts on the competition in power generation spot markets. It is possible that these strategic impacts also give rise to another incentive for generators to sign forward contracts. Strategic forward contracting induced by this incentive is examined under different competition types in ageneration spot market with asymmetric and multiple strategic generators.