Analysis and Simulation of Strategic Behavior and Price Processes in Transmission Constrained Electricity Markets

电力行业的放松管制和重组正在从根本上改变对我们生活水平至关重要的经济部门。 许多国家，特别是美国的许多州，正在或已经进行电力结构改革，在美国联邦能源管理委员会1996年颁布命令后，改革加速进行。 重组有可能在电力工业的发电部门释放竞争，刺激电力生产和电力输送成本的降低，从而为消费者带来收益，迫切需要了解电力市场重组的后果，并从美国和世界各地正在发展的电力市场的经验中受益。 但是，电力市场的分析涉及多个学科，因此，需要采取跨学科的协调研究方法。本提案是关于电力市场改革分析的跨学科研究，以及举办电力市场跨学科研究研讨会。 本研究将涉及教师和研究生之间的重要互动，并为这些学生的职业生涯做好准备，整合多个学科的思想。建立电价随时间变化的模型; 2.开发输电约束电力市场中的策略行为模型;举办一个关于电力市场组织和设计的研讨会。模型开发目标需要多个学科的协调：电气工程、金融和公共政策。主要研究人员联合收割机结合了这些领域的专业知识。 拟议的工作涉及分析方法的开发和这些方法在软件中的实施。 该项目的成果将包括对德克萨斯大学电力市场模型的改进以及描述分析方法和软件的期刊论文。

Deregulation and restructuring of the electricity industry is fundamentally changing a sector of the economy that is crucial to our standard of living. Electricity restructuring is occurring or has occurred in many countries and, in particular, in many states of the United States, with change accelerating subsequent to orders instituted by the United States Federal Energy Regulatory Commission (FERC) in 1996. Restructuring has the potential to unleash competition in the generation sector of the electricity industry, spurring reductions in the costs of electricity production and of electricity delivery and consequent gains for consumers.There is a pressing need to understand the ramifications of electricity market restructuring and to benefit from the experiences in electricity markets that are developing throughout the United States and the world. However, various disciplines are strongly inter-related in the analysis of electricity markets and, consequently, research demands a coordinated, inter-disciplinary approach.This proposal is for inter-disciplinary research in the analysis of restructured electricity markets and for holding an inter-disciplinary research workshop on electricity markets. The research will involve significant interaction between faculty and graduate students and prepare these students for careers that integrate ideas from several disciplines.The three goals of this project are:1. to develop models of electricity prices over time,2. to develop models of strategic behavior in transmission-constrained electricity markets, and3. to hold a workshop on electricity market organization and design.The model development goals require coordination across several disciplines:electrical engineering, finance, and public policy.The principal investigators combine expertise from these areas. The proposed work involves both the development of analytical methods and the implementation of these methods in software. The results of this project will include enhancements to the University of Texas electricity market model as well as journal papers describing the analytical methods and software.