Formulae for Spot Price and Forward Curve in Wholesale Electricity Markets
スポンサーリンク
概要
- 論文の詳細を見る
This paper examines the factors that determine the equilibrium spot and forward prices in a wholesale electricity market. In order to investigate this issue, we focus on two characteristics of electricity : the rule of non-storability and the balancing rule, which is simultaneous equal quantities of demand and supply. The Bessembinder and Lemmon model (the BL model) certainly considers these characteristics in order for determining the equilibrium spot and forward prices. Next, we generalize the BL model in order to analyze the electricity market consisting of power producing firms with different cost functions in a multi-period model, and we draw the equilibrium spot and forward electricity price formulae. Furthermore, we reveal that in certain cases, the division of a firm leads to a higher average spot price and causes several more spikes in the spot price process.
- 大東文化大学の論文
著者
-
ISHII Masahiro
Faculty of Engineering, Toyama University
-
Ishii Masahiro
Faculty Of Business Administration Daito Bunka University
-
Tezuka Koichiro
Faculty of Education and Regional Studies, University of Fukui
-
Tezuka Koichiro
Faculty Of Education And Regional Studies University Of Fukui
関連論文
- Multilayer Network Learning Algorithm Based on Pattern Search Method(Neural Networks and Bioengineering)
- Objective Function Adjustment Algorithm for Combinatorial Optimization Problems(Numerical Analysis and Optimization)
- An Improved Artificial Immune Network Model(Neural Networks and Bioengineering)
- A New Method to Solve the Constraint Satisfaction Problem Using the Hopfield Neural Network
- An Artificial Immune Network with Multi-layered B Cells Architecture
- An Artificial Immune System Architecture and Its Applications(Neural Networks and Bioengineering)
- The Fuzzy Immune Network and Its Application to Pattern Recognition(Special Section on Papers Selected from ITC-CSCC 2002)
- Design and realization of a network security model
- An Engineering Immune Network Model for Pattern Recognition
- Pattern Classification Using A Fuzzy Immune Network Model
- Learning Method of Hopfield Neural Network and Its Application to Traveling Salesman Problem (特集:論文誌C発刊30周年記念)
- Two-Phase Pattern Search-based Learning Method for Multi-layer Neural Network
- Formulae for Spot Price and Forward Curve in Wholesale Electricity Markets