Cart (Loading....) | Create Account
Close category search window
 

A Stackelberg price leadership model with application to deregulated electricity markets

Sign In

Cookies must be enabled to login.After enabling cookies , please use refresh or reload or ctrl+f5 on the browser for the login options.

Formats Non-Member Member
$31 $13
Learn how you can qualify for the best price for this item!
Become an IEEE Member or Subscribe to
IEEE Xplore for exclusive pricing!
close button

puzzle piece

IEEE membership options for an individual and IEEE Xplore subscriptions for an organization offer the most affordable access to essential journal articles, conference papers, standards, eBooks, and eLearning courses.

Learn more about:

IEEE membership

IEEE Xplore subscriptions

4 Author(s)
Yu, Z. ; Inst. for Interdisciplinary Eng. Studies, Purdue Univ., West Lafayette, IN, USA ; Sparrow, F.T. ; Morin, T.L. ; Nderitu, G.

This paper presents a Stackelberg price leadership model for simulating deregulated electricity markets consisting of one or a few large producers and a larger number of fringe producers. It is assumed that the large producer(s) would adopt oligopoly strategy using their market power while the small producers would use Bertrand-like strategy. The model is a multi-objective profit maximization program. The multi-objectives are converted into the same number of partial Lagrangian functions with power production and supply as the control variables. A set of KKT conditions is then derived considering the game strategies of the producers. Test results show that the model successfully produces a total profit that is greater than that profit from a welfare maximization model but is less than that from a collusion model. Producers who adopt Cournot strategy are better off with higher profits as compared with marginal cost pricing

Published in:

Power Engineering Society Winter Meeting, 2000. IEEE  (Volume:3 )

Date of Conference:

23-27 Jan 2000

Need Help?


IEEE Advancing Technology for Humanity About IEEE Xplore | Contact | Help | Terms of Use | Nondiscrimination Policy | Site Map | Privacy & Opting Out of Cookies

A not-for-profit organization, IEEE is the world's largest professional association for the advancement of technology.
© Copyright 2014 IEEE - All rights reserved. Use of this web site signifies your agreement to the terms and conditions.