PDF(842 KB)
Generation-Right Bilateral Transaction Negotiation Model Based on Two-Part Electricity Price
LIN Changyong, WEN Fushuan,, MENG Wenchuan, LENG Yuan, ZHANG Xiang, SONG Yihang
Electric Power Construction ›› 2016, Vol. 37 ›› Issue (3) : 90-98.
PDF(842 KB)
PDF(842 KB)
Generation-Right Bilateral Transaction Negotiation Model Based on Two-Part Electricity Price
Generation-right trade is beneficial to optimize power structure and promote energy saving and consumption reduction, which can be implemented by centralized price bidding or bilateral negotiation. According to the generation-right trade mode based on bilateral negotiation, this paper studies the negotiation strategy of generation-right bilateral transaction based on two-part electricity price mechanism, and constructs the multiple-objective negotiation model based on Bayesian model. Firstly, we present the calculation model of trading benefits for both sides participating in generation-right trade based on two-part electricity price mechanism. Then, we adopt the Bayesian learning model to gradually improve the estimation of the opponent's base price. On this basis, we comprehensively consider the weights of issues and the greatest risk degree to determine the bidding price in next round. After several rounds of negotiations, the final settlement price can be determined. Finally, the proposed method is demonstrated through example, whose results show that the settlement price is converged to the theoretical optimal solution, and dependent on the bidding strategies of both sides.
generation-right / two-part electricity price / bilateral transaction / Bayesian model
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Project supported by the National Basic Research Program of China (973 Program) (2013CB228202)
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