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Study Of Operation Model And Bargaining Strategy Based On Regional Power Markets Of Wholesale Competition

Posted on:2008-07-27Degree:MasterType:Thesis
Country:ChinaCandidate:Z H HanFull Text:PDF
GTID:2189360212492108Subject:Power system and its automation
Abstract/Summary:
The paper applies the theories of power market, economics and game theory to analyze and discuss China power market's orientation, structure and possible bilateral transaction manner. In the end, the paper studies the strategies for bilateral bargaining in future power market in order to research for the operational manner of power market and optimal bidding strategies.The paper includes four parts. Firstly, based on China power marker's orientation, the paper studies the regional power markets of wholesale competition model; secondly, the paper studies the leading problems of the bidding rules of wholesale competition power market: cleaning object and its arithmetic; thirdly, we study the optimal bidding strategies of the participants based on the broker bilateral bargaining manner; finally, the multilateral negotiation strategies for long-term contract in wholesale competition power market is discussed.In the bilateral bargaining market of broker model, we apply Monte Carlo arithmetic to estimate the dealing for participants in bilateral Bargaining market, and based on balance rules of power market to simulate the optimal bidding strategies, and study the bidding strategies and lucrative rules of participants in power market. In the bilateral bargaining strategy of long-term contract between consumers and generation companies, considering the anticipants profit of bargaining, we propose mixed strategy for bidding in multi-player bargaining and analyze the mixed strategy of Game and its Nash Equilibrium. The paper applies Analytic Hierarch Process to synthetically evaluate potential bargainers and obtain the selected probability of mixed strategy; simulates the circulatory negotiation process of multi-player participates with Multi-Agent System so as to find the appropriate bargainers, reduce the cost of long-term contract negotiation, successfully sign the contact.
Keywords/Search Tags:regional power market, wholesale competition, bilateral bargaining, bidding strategy, game theory
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