Game Theory Applied Research In Electricity Trading And Investment

The power industry of various countries is moving from being monopolized to market-based operation, this has brought unprecedented market competition and risk to participants in the market. The game theory is used widely in the research of the electricity market as the effective analysis tool of the competition.This text introduces basic conception of game theory, classification and equilibrium, provides the Stackelberg game model of power supply Co. at single period;Summarizes the electricity transaction theory, has recommended contract quantity and risk-evading mechanism of the electricity contract market briefly, at last, analyzes the mechanism of influencing each other of the electricity contract market and the spot market.To the oligopsony structure of electricity market in our country at the present stage, this text uses game theory, analyzes the entrance competition to market of electric manufacturer and electric intermediate trader, using the game tree, pay matrix in game theory, analyzes the choosing course and possible profit situation of competitors in order to choose the optimum competitive strategy.At last, basing the practical investigation and research in Market Development Department of electricity plant in ChangQing Petroleum, applying game theory to electricity transaction, analyzes the inner and exterior market environment, and makes a concrete analysis of electricity transaction and application about game theory in actual market operation;and using the Stackelberg game model on the basis of the market clearing price, combining supply transfer between the electricity plant and local electricity department, sets up a model and analyzes their own tactics choice of this factory, local power and electric user, at last, provides the electricity futures contract model between the power plant and local electric Co..