Bilateral Contract Transaction Model for Generation Companies and Large Consumers Based on Bayesian Game-Theoretic Approach

摘要

In a deregulated electricity market, the competitions during bilateral contract transaction not only exist between generation companies and large consumers, but also exist among multiple generation companies. In this paper, a game-based model is proposed for generation companies and large consumers to describe the bilateral contract transactions. The proposed game method is used to optimize the strategies of each generations in the market considering the incomplete information among generations; and then large consumers will determine their own purchasing strategies from different sellers according to the bidding price and spot price. Finally, a numerical case is performed to evaluate the effectiveness of the proposed game approach.