Comparisons of two competitive mechanisms SMP and PAB in the perfect competition and the monopoly markets

被引：0

作者：

Wang, YL ^{[1
]}

Zhang, LZ ^{[1
]}

Yang, YH ^{[1
]}

机构：

[1] N China Elect Power Univ, Beijing, Peoples R China

来源：

IPEC 2003: Proceedings of the 6th International Power Engineering Conference, Vols 1 and 2 | 2003年

关键词：

electricity trade; SMP; PAB; competition mechanism;

D O I：

暂无

中图分类号：

TM [电工技术]; TN [电子技术、通信技术];

学科分类号：

0808 ; 0809 ;

摘要：

Currently, competitive mechanisms based on system-marginal-price (SMP) are widely used in the day-ahead and real-time electricity markets. But there are some critical problems existing. This paper first categorizes electricity markets according to the characteristics of the seller's market and buyer's market. It then analyses and compares the two competitive mechanisms SMP and pay-as-bid (PAB) from the several economic angles, such as output, efficiency, consumer surplus, welfare and market power, etc. At last, this paper proposes that proper competitive mechanism should be chosen under different situation. It also discusses and points out the competition mechanism that integrates SMP and PAB together may have a better future.

引用

页码：908 / 913

页数：6