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Research On The Trading Mechanism Of Power Market Based On Experimental Economics

Posted on:2009-06-16Degree:MasterType:Thesis
Country:ChinaCandidate:Y K JiangFull Text:PDF
GTID:2189360245975553Subject:Power system and its automation
Abstract/Summary:PDF Full Text Request
Based on the analysis of the power market mechanisms, the thesis gives the in-depth study in the power market trading mechanism by the method of experimental economics. Power market bidding game is simulated with the experimental method of experimental economics, the analysis of the trading mechanism under the conditions of the two large power generation bidding strategy is done to observe the dynamic process of the bidding game among strong rational power suppliers to as well as forming of a tacit conspiracy of large power suppliers. Through the experiment and analysis of results, the thesis finds that the collusion between the power suppliers in the conspiracy is to raise the price of clearing price, based on its own efforts on market forces as a reference point. Against the forming of conspiracy, this paper suggests to design a new trading rule and break the output requirements of power suppliers based on their own market forces, thereby breaking the price collusion.Finally, the method of experimental economics is introduced into the research of the power market trading mechanism, and a number of targeted measures are made for the experimental simulation of method of experimental economics on the power market trading mechanism. And several measures are proposed the make further design of the power market trading mechanism.
Keywords/Search Tags:experimental economics, electric power market, game theory, trading mechanism
PDF Full Text Request
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