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Robust Framework Design for Electric Power Market with Supply Stability

Research Project

Project/Area Number 17560752
Research Category

Grant-in-Aid for Scientific Research (C)

Allocation TypeSingle-year Grants
Section一般
Research Field Energy engineering
Research InstitutionKyoto University

Principal Investigator

TEZUKA Tetsuo  Kyoto University, Department of Socio Environmental, Energy Sciencere Professor, エネルギー科学研究科, 教授 (60163896)

Co-Investigator(Kenkyū-buntansha) MAEDA Akira  Kyoto University, Department of Socio Environmental Energy Science, Asscciate Professor, エネルギー科学研究科, 助教授 (30317309)
Project Period (FY) 2005 – 2006
Project Status Completed (Fiscal Year 2006)
Budget Amount *help
¥3,400,000 (Direct Cost: ¥3,400,000)
Fiscal Year 2006: ¥1,400,000 (Direct Cost: ¥1,400,000)
Fiscal Year 2005: ¥2,000,000 (Direct Cost: ¥2,000,000)
KeywordsElectric Power Market / Simulation Experiment / Experimental Economics / Robust Framework Design / Autonomous Decentralized System / Supply Stability / 電力市場自由化
Research Abstract

The deregulation trend in the electric power market since 1980's is partly due to the anticipation that introducing a pool market boosts the power companies' competitiveness and also lowers the electricity prices. Through California Electricity Crisis, however, it has been well understood that a pool market principle sometimes leads to the investment circumspection and the resultant price fluctuation. In general, power companies in the locally-monopolized market can easily invest in power-generation plants so as to meet the power demand, and the deregulation of the power industry inevitably makes the investment more risky. Furthermore, there have been invented no rules for making sufficient incentives in strategic investment. Stabilization of the power supply under the deregulated power market is an important requirement for the deregulated framework of the power market.
This study aims to develop a simulation model of the deregulated power market and to propose the design method for the appropriate market rules that can stabilize the power prices. The market mechanism for the liberalized market needs to stabilize the market under variety of decision-making algorithms of stakeholders. However the strict market rules prevent stakeholders from joining the trading. The proposed design method may avoid the undesirable unstable behavior under the prepared decision-making algorithm-sets. The market rules are decided so that the desirability indicator such as the stability of the market price may be maximized. The decision-making models for plant-investment have been made through experimental economics method. And the desirable rule sets have been investigated based on the simulation-based simulation methods. The effectiveness of the proposed method was demonstrated through the simulation study.

Report

(2 results)
  • 2006 Annual Research Report   Final Research Report Summary
  • Research Products

    (6 results)

All 2006

All Journal Article (6 results)

  • [Journal Article] Market Power and Trading Strategies on the Electricity Market : a Market Design View2006

    • Author(s)
      Walter Reinisch, Tetsuo Tezuka
    • Journal Title

      IEEE Transaction on Power Systems Vol. 21, No. 3

      Pages: 1180-1190

    • Description
      「研究成果報告書概要(和文)」より
    • Related Report
      2006 Final Research Report Summary
  • [Journal Article] 自由化電力市場における原油価格の上昇の影響分析-シミュレーション・モデルを用いたアプローチ-2006

    • Author(s)
      米谷龍幸, 手塚哲央
    • Journal Title

      電気学会論文誌C部門 Vol. 126-C、 No. 1

      Pages: 116-122

    • NAID

      10016922194

    • Description
      「研究成果報告書概要(和文)」より
    • Related Report
      2006 Final Research Report Summary
  • [Journal Article] Market Power and Trading Strategies on the Electricity Market : a Market Design View2006

    • Author(s)
      Walter Reinisch, Tetsuo Tezuka
    • Journal Title

      IEEE Transaction on Power Systems Vol.21, No.3

      Pages: 1180-1190

    • Description
      「研究成果報告書概要(欧文)」より
    • Related Report
      2006 Final Research Report Summary
  • [Journal Article] Robust Framework Design for Electric Power Market by Simulation-Based Experiment2006

    • Author(s)
      Shenghua Cai, Tetsuo Tezuka
    • Journal Title

      ENERGEX 2006, Norway (CD-ROM)

    • Description
      「研究成果報告書概要(欧文)」より
    • Related Report
      2006 Final Research Report Summary
  • [Journal Article] Market Power and Trading Strategies on the Electricity Market : a Market Design View2006

    • Author(s)
      Walter Reinisch, Tetsuo Tezuka
    • Journal Title

      IEEE Transaction on Power Systems Vol. 21,No. 3

      Pages: 1180-1190

    • Related Report
      2006 Annual Research Report
  • [Journal Article] 自由化電力市場における原油価格の上昇の影響分析-シミュレーション・モデルを用いたアプローチ-2006

    • Author(s)
      米谷龍幸, 手塚哲央
    • Journal Title

      電気学会論文誌C部門 Vol. 126-C、No. 1

      Pages: 116-122

    • NAID

      10016922194

    • Related Report
      2006 Annual Research Report

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Published: 2005-04-01   Modified: 2016-04-21  

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