A Simulation Analysis of the Electricity Market Using the Cournot Model - Impact of Demand Response, Long-term Contract and Divestiture

カテゴリ: 部門大会

論文No: 212

グループ名: 【B】平成15年電気学会電力・エネルギー部門大会講演論文集

発行日: 2003/08/06

タイトル(英語): A Simulation Analysis of the Electricity Market Using the Cournot Model - Impact of Demand Response, Long-term Contract and Divestiture

著者名: Toru Hattori(Central Research Institute of Electric Power Industry),Nobuyuki Yamaguchi(Central Research Institute of Electric Power Industry)

著者名(英語): Toru Hattori(Central Research Institute of Electric Power Industry),Nobuyuki Yamaguchi(Central Research Institute of Electric Power Industry)

キーワード: 電力市場|クールノーモデル|需要の反応|長期契約|設備売却|Electricity Market|Cournot Model|Demand Response|Long-term Contract|Divestiture

要約(日本語): This paper investigates the performance of the electricity market by simulating the Cournot equilibrium outcome. By applying the simulation methodology outlined by Borenstein and Bushnell (1999) and partial equilibrium analysis, we quantified the economic impacts of several policy options meant to mitigate the generators' incentive to raise their prices. We found that this incentive is effectively limited by increasing demand response, the use of mandatory long-term contract for native load customers. Moreover, we found that mandatory long-term contract yield a more robust results with respect to wholesale price restraints as compared to the divestiture of generation assets.

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