Master-slave game based bilateral contract transaction model for generation companies and large consumers

作者：Wu Cheng; Gao Bingtuan^*; Tang Yi; Wang Qi

来源：Automation of Electric Power Systems, 2016, 40(22): 56-62.

DOI：10.7500/AEPS20151110003

• Bilateral contracts
• Bilateral trading
• Cooperative game
• Deregulated electricity market
• Generation companies
• Master slave
• Optimal bidding price
• Transaction model

In a deregulated electricity market, the competitions of bilateral contract transacting include the competition between generation companies and large consumers and the contract price competition among multiple generation companies to get more power generation. To formulate these competitions, a master-slave game model for multiple generation companies and large consumers is proposed for the bilateral contract transactions. In this model, the goal of the generation company is to determine the optimal bidding price through the in-cooperative game with other power suppliers to maximize its bilateral trading profit;while large consumers decide their personnel purchase strategy to minimize their cost and based on the contract price provided by generation companies and the forecast of the spot price. Moreover, the existence proof and solution of the Nash equilibrium for the game model are presented. Finally, a numerical example is illustrated and the results show that each participant can benefit from the proposed game.

• 出版日期2016
• 单位东南大学