• ISSN 0258-2724
  • CN 51-1277/U
  • EI Compendex
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Volume 19 Issue 4
Aug.  2006
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Article Contents
JIANG Dongrong, LI Qunzhan. Model of Dynamic Price Cap for Regulation of Electricity Market[J]. Journal of Southwest Jiaotong University, 2006, 19(4): 528-532.
Citation: JIANG Dongrong, LI Qunzhan. Model of Dynamic Price Cap for Regulation of Electricity Market[J]. Journal of Southwest Jiaotong University, 2006, 19(4): 528-532.

Model of Dynamic Price Cap for Regulation of Electricity Market

  • Received Date: 05 Feb 2006
  • Publish Date: 25 Aug 2006
  • To overcome the difficulty in designing price cap for regulation of electricity market,a novel model,dynamic price capping model,was proposed based on British RPI(retail price index),American ROR(rate of return) and PCM(profit capping model).The determination of profit factor and the incentive mechanism for new and existing power plants were discussed,and it is proved that the model can make the investment return fair.The new model not only provides a solution to suppressing the price spikes effectively,but also is an incentive for power plants to raise their efficiency and for the electricity market to attract investments.

     

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  • BORENSTIN S.The trouble with electricity markets:understanding California's restructuring disaster[J].Journal of Economic Perspectives,Winter,2002,16 (1):191-211.[2] HOBBS B F,I(NO)N J.Installed capacity requirements and price caps:oil on the water,or fuel on the fire?[J].The Electricity Journal,2001,14(6):23-34.[3] 文福拴,DAVIDA K.加州电力市场失败的教训[J].电力系统自动化,2001,25(5):1-5.WEN Fushuan,DAVID A K.Lessons from electricity market failure in california[J].Automation of Electric Power Systems,2001,25(5):1-5.[4] 文福拴,吴复立,倪以信.电力市场环境下的发电容量充裕性问题[J].电力系统自动化,2002,26(19):16-22.WEN Fushuan,WU Fuli,NI Yixin.Generation capacity adequacy in the deregulated electricity market environment[J].Automation of Electric Power Systems,2002,26(19):16-22.[5] 许诺,颜汉荣,文福拴,等.基于绩效的管制模式及其应用[J].电力系统自动化,2003,27(3):13-19,30.XU Nuo,YAN Hanrong,WEN Fushuan,et al.Performance-based regulation and its applications[J].Automation of Electric Power Systems,2003,27(3):13-19,30.[6] 张宗益,杨世兴,李豫湘.电力产业激励性管制机制[J].重庆大学学报,2002,25(11):1-4.ZHANG Zongyi,YANG Shixing,LI Yuxiang.Incentive regulation of power industry[J].Journal of Chongqing University,2002,25(11):1-4[7] 任晓红,任玉珑,张渝.中国电力产业价格管制模型[J].重庆大学学报:自然科学版,2005,28(2):146-150.REN Xiaohong,REN Yulong,ZHANG Yu.Price regulation model of the eectricity industry[J].Journal of Chongqing University:Natural Science Edition,2005,28(2):146-150.[8] 魏学好,周浩.用利润空间法实现从价格上限到利润上限的转变[J].电网技术,2003,27(5):15-20.WEI Xuehao,ZHOU Hao.Implementation of transform from price capping to profit capping by profit space theory for electricity market[J].Power System Technology,2003,27 (5):15-20.[9] 魏学好,周浩.电价监管的一揽子解决方案在利润空间法中的应用[J].电网技术,2003,27(6):1-7.WEI Xuehao,ZHOU Hao.Application of the package solution to regulate electricity price in profit space theory for electricity market[J].Power System Technology,2003,27(6):1-7.
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