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An electricity market game between consumers, retailers and network operators

Wallace, Stein W and Philpott, Andy and Pettersen, Erling (2005) An electricity market game between consumers, retailers and network operators. Decision Support Systems, 40 (3-4). pp. 427-438. ISSN 0167-9236

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Abstract

We consider a simple game-theoretical model in which an electricity retailer and a network owner offer incentives to consumers to shift load from a peak period to an off-peak period. Using a simple example, we compare the market outcomes from collusion with those from the equilibrium of a non-cooperative game and examine the behaviour in this game when it is repeated in a situation in which agents have imperfect information.

Item Type: Article
Journal or Publication Title: Decision Support Systems
Uncontrolled Keywords: Electricity distribution ; Markets ; Nash equilibrium
Subjects: UNSPECIFIED
Departments: Lancaster University Management School > Management Science
ID Code: 45395
Deposited By: ep_importer_pure
Deposited On: 11 Jul 2011 19:31
Refereed?: Yes
Published?: Published
Last Modified: 26 Jul 2012 19:16
Identification Number:
URI: http://eprints.lancs.ac.uk/id/eprint/45395

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