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

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.