Open AccessResearch on the impact of demand response programs in day ahead market on the oligarchs in the electricity market
Author(s) -
Huijie Gu,
Rong Hu,
Xiqi He,
Haibin Zhou
Publication year - 2021
Publication title -
iop conference series. earth and environmental science
Language(s) - English
Resource type - Journals
eISSN - 1755-1307
pISSN - 1755-1315
DOI - 10.1088/1755-1315/632/4/042083
Subject(s) - market clearing , demand response , oligopoly , electricity market , factor market , microeconomics , economics , profit (economics) , order (exchange) , market power , electricity , market share analysis , industrial organization , market microstructure , business , finance , monopoly , cournot competition , electrical engineering , engineering
In order to study the influence of different types of demand response on the members of the electricity market in the market, a multi-agent model is used to study the behavioral strategies of independent market oligarchs in the electricity market in the day-ahead market, and the security-constrained unit commitment model is used to simulate specific market transactions. First, a demand response model was established, and the relationship between consumer profit and cost was determined using Taylor series expansion. Then the characteristics of the oligopoly market were analyzed, and a market clearing model by using a commitment model of security-constrained units was established, with the objective of maximizing agency profit, and including operation constraints. Finally, the IEEE6 node system was used for simulation to analyze the influence of different types of demand response behaviors on oligarchs and demonstrate the effectiveness of the model.