Collaborative Research: A Unified Approach to Quantifying Market Power in the Future Grid

协作研究：量化未来电网市场力量的统一方法

• 批准号: 1307794
• 负责人: Adam Wierman
• 金额: $ 19.96万
• 依托单位: California Institute of Technology
• 依托单位国家: 美国
• 项目类别: Standard Grant
• 财政年份: 2013
• 资助国家: 美国
• 起止时间: 2013-10-01 至 2017-09-30
• 项目状态: 已结题
• 来源: https://www.nsf.gov/awardsearch/showAward?AWD_ID=1307794&HistoricalAwards=false
• 关键词: Collaborative; Research; Unified; Approach; Quantifying

The objective of this research is to develop a unified approach to measuring market power that connects short-term and long-term analysis, while maintaining strong economic foundations and incorporating the transmission system. The approach is to focus first on long-term analysis to develop a rigorous framework on which to build tools for short-term analysis. This combined approach will allow quantification of both the potential for and the exploitation of market power in deregulated electricity markets.Intellectual merit: This project explores a unique mixture of economics and power systems by building a unifying and comprehensive foundation for measuring market power. It will close the gap in the existing fractured literature on long-term and short-term market power analysis and has the added benefit of providing an important tool for studying the impact on market power of future grid phenomena such as demand response, renewable and distributed generation, and electricity storage.Broader impact: Market monitoring is essential for maintaining efficient electricity markets: not only is market power a major challenge to the efficiency of today's electricity markets, e.g., the California energy crisis of 2000; the importance of monitoring market power will only grow as we move toward a smarter grid. Thus, an improved understanding of how to identify and quantify market power is of crucial societal importance. Additionally, the proposed research will improve dialogue between the power systems and economics communities. Finally, the proposed research program has a strong potential to successfully make the leap from academia to practice.

这项研究的目的是开发一种统一的方法来衡量与短期和长期分析联系起来的市场能力，同时保持强大的经济基础并结合传输系统。该方法是首先专注于长期分析，以开发一个严格的框架，以构建用于短期分析的工具。这种合并的方法将允许在放松管制的电力市场中量化市场能力的潜力和开发。IntlectualFure：该项目通过为衡量市场电力建立统一和全面的基础，探索经济学和电力系统的独特混合。它将在现有的长期和短期市场电力分析的现有文献中的差距缩小差距，并为研究对未来网格现象等市场电力的影响提供了重要的工具，例如需求响应，可再生和分布式生成和电力存储以及电力储存。BROADER的影响：市场对维持高效市场的市场是必不可少的。 2000年的危机；监视市场力量的重要性只会随着我们朝着更聪明的网格发展而增长。因此，对如何识别和量化市场权力的改进理解至关重要。此外，拟议的研究将改善电力系统与经济社区之间的对话。最后，拟议的研究计划具有成功从学术界飞跃到实践的强大潜力。