SBIR Phase I: COMPEL: A Model for Simulating Strategic Behavior in Competitive Power Generation Markets

9860819这项小型企业创新研究第一阶段计划将进行理论研究，并开发一个原型软件工具(COMPELL)，以激励发电公司在竞争性电力市场中的策略行为。我们将使用Klemperer-Meyer供应函数均衡(SFE)理论；该理论已应用于英格兰(格林和纽贝里)和美国(Rudkevich等人)的电力市场。美国许多州正在放松对电力行业的管制。在放松管制的市场中，价格将由市场力量决定，发电公司将不得不为市场份额和收入而竞争。现有的决策支持工具是为受管制的市场设计的，基于最小成本优化方法，不适合模拟放松管制的市场的运行，因为它们不能准确地捕捉竞争的影响。第一阶段项目的目标是促进SFE理论在竞争发电市场中卖方战略行为建模中的应用，并开发易于应用该理论的原型软件。强制电力的潜在用户包括监管机构、电力买家、发电公司、金融机构、研究人员和咨询公司。潜在的商业应用是巨大的。

9860819 This Small Business Innovation Research Phase I project will conduct theoretical research and develop a prototype software tool (COMPEL) for stimulating strategic behavior of generating companies in competitive power markets. We will use the Klemperer-Meyer Supply Function Equilibria (SFE) theory; which has been applied to power markets in England (Green and Newbery) and in the U.S. (Rudkevich et al). The U.S. electric industry is being deregulated in many states. In deregulated markets, prices will be set by market-forces and generating companies will have to compete for market share and revenues. Existing decision support tools, designed for regulated markets and based on least-cost optimization approaches, will not be suitable to simulate the operation of deregulated markets because they do not accurately capture the impacts of competition. COMPEL will be such a tool.The objectives of this Phase I project are to advance the application of the SFE theory in modeling strategic behavior of sellers in competitive generation markets and to develop prototype software for easy application of this theory. Prospective users of COMPEL include regulatory agencies, power buyers, generating companies, financial institutions, researchers and consulting companies. Potential commercial applications are enormous.