An electricity market game between consumers, retailers and network operators

An electricity market game between consumers, retailers and network operators

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Article ID: iaor20061788
Country: Netherlands
Volume: 40
Issue: 3/4
Start Page Number: 427
End Page Number: 438
Publication Date: Oct 2005
Journal: Decision Support Systems
Authors: , ,
Keywords: marketing
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 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.

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