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The Government Incentive Regulation Model and Pricing Mechanism in Power Transmission and Distribution Market
- Source :
- Discrete Dynamics in Nature and Society, Vol 2016 (2016)
- Publication Year :
- 2016
- Publisher :
- Hindawi Limited, 2016.
-
Abstract
- The power transmission and distribution (T&D) market’s natural monopoly and individual information have been the impediment to improving the energy efficiency in the whole T&D market. In order to improve the whole social welfare, T&D market should be controlled by government. An incentive regulation model with the target of maximizing social welfare has been studied. A list of contracts with transferring payment and quantity of T&D are given to motivate the corporation to reveal the true technical parameter and input the optimal investment. The corporate revenue, optimal investment, and effort are proved to depend on its own technical parameter. The part of incentive regulation model ends with the optimal pricing mechanism of T&D market. At the end of this paper, we give a numerical example to explain our research and confirm its function graphically.
- Subjects :
- Mathematics
QA1-939
Subjects
Details
- Language :
- English
- ISSN :
- 10260226 and 1607887X
- Volume :
- 2016
- Database :
- Directory of Open Access Journals
- Journal :
- Discrete Dynamics in Nature and Society
- Publication Type :
- Academic Journal
- Accession number :
- edsdoj.f07db87827d54af19da199365e19f603
- Document Type :
- article
- Full Text :
- https://doi.org/10.1155/2016/3935052