Efficient and Reliable Competitive Market for Electric Power: Integrating Electrical Engineering and Experimental Economics

ECS-9732845托马斯该项目旨在解决电力行业重组带来的具体经济和工程问题。特别令人感兴趣的是那些与引入竞争性发电市场有关的问题。我们注意到，电力供应有独特的物理方面(例如，供需的瞬时匹配、并行传输路线的意外拥堵以及在应对干扰时保持系统稳定)。其他因素包括本地化市场力量的前景。由于可靠电力供应的这些和其他方面，通过多年经验为其他商品发展的有效市场和拍卖结构的传统理论，如果不改变电力市场，可能就不会有效。相反，就在竞争环境中提供经济高效或可靠的运作做法而言，为中央计划制度制定的现行公用事业运作规则可能并不理想。这项研究的目的是在理想的经济市场机制和传统的公用事业运营实践之间确定一个新的平衡，为消费者提供廉价的能源，并保持系统的稳定。电力网络的计算机模拟以及结合了人类主体行为和电力系统行为的实验室市场是我们建议开发和使用的工具。聚集的研究人员团队由理论和实验经济学家以及电力/控制系统工程师组成，他们唯一有资格解决的问题包括市场结构、拍卖机制和规则，以及继续使用大型最优潮流模型(OPF)、机组组合(UC)和安全约束调度等计算机程序的可行性，这些程序在历史上一直被用来指导运营。

ECS-9732845 Thomas This project is designed to settle specific economic and engineering questions arising from the restructuring of the electric power industry. Of specific interest are those questions related to the introduction of competitive markets for the generation of electricity. We note that there are unique physical aspects associated wit h the supply of electricity (e.g., instantaneous matching of supply and demand, unintended congestion of parallel transmission routes and maintenance of system stability in response to disturbances). Others include the prospect of localized market power. Because of these and other aspects of reliable electric power supply, traditional theories of efficient markets and auction structures developed for other commodities through years of experience may not be efficient if applied without alteration to markets for electricity. Conversely, current utility rules of operation developed for a centrally-planned regime may not be ideal in terms of providing economically efficient or reliable operating practices in a competitive environment. The objective of this research is to determine a new balance between ideal economic market mechanisms and traditional utility operating practices that will provide inexpensive energy for consumers and maintain system stability. Computer simulations of electricity networks along with laboratory markets that combine human-subject behavior and power systems behavior are the tools we propose to develop and use. The group of researchers assembled consists of theoretical and experimental economists and power/control systems engineers who are uniquely qualified to address issues of market structure, auction mechanisms and rules, and the viability of continuing to use computer programs such as large scale optimal power flow models (OPF), unit commitment (UC) and security constrained dispatch that have been used historically to guide operations.