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A price fluctuation module in market oriented grid based on contract management

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3 Author(s)
Yinghua Sung ; College of Information Science and Engineering, Shandong University of Science and Technology, Qingdao, China ; Zhehui Wu ; Zhenkuan Pan

Price leverage plays a significant role in regulating the balance between supply and demand in traditional commodity market, so does it in Grid Market. Based our previous work, a price fluctuation module and relevant price strategies proposed in this paper are employed into the Market Oriented Grid Model (MOGM). The changes of supply-demand cause price fluctuation and the fluctuated price reflects supply-demand changes in return. Reasonable prices will help keeping the market in healthy operations. So, the price fluctuation management discussed in this paper can regulate and control the supply-demand balance. Simultaneously, the dynamic floating price can promote the successful rate of transactions. The results of simulation experiments reveal that the new module with price fluctuation strategies is effective.

Published in:

Communication Technology (ICCT), 2011 IEEE 13th International Conference on

Date of Conference:

25-28 Sept. 2011