Cooperative game of electricity retailers in China's spot electricity market

Xu, Peng; Tao, Xinyong

doi:10.1016/j.energy.2017.12.122

Cited by 84 publications

(41 citation statements)

References 61 publications

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“…A large power grid has been adopted in time-of-use pricing programs to adjust the urban electricity demand in China. With the gradual opening of the electricity market [21], a second electricity supply role appears between the large power grid and the consumers, namely, the integrated energy service providers, which can provide cooling, heating, and power for designated areas. Generally, the integrated energy service provider appears in the form of a PIES.…”

Section: Contents and Contribution Of This Papermentioning

confidence: 99%

Study on Pricing Mechanism of Cooling, Heating, and Electricity Considering Demand Response in the Stage of Park Integrated Energy System Planning

Liu

2020

Applied Sciences

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With the opening of the Chinese electricity market, as a retailer that provides energy services to consumers, the park-integrated energy system (PIES) not only serves as an effective way to earn benefits and reduce carbon emissions but also impacts the energy consumption characteristics of consumers. The PIES implements this function by adjusting the energy selling price in free energy markets. The pricing mechanism model (P-M model) is established to obtain the energy selling price in the planning and design stages. In this model, the impact of the demand response on the energy configuration and the impact of the changes in energy configuration on the energy cost price are both considered. Additionally, the optimal result ensures that both the consumers and the PIES benefit simultaneously. The reactive demand response zone, which represents a consumer trap, is found in numerical studies. The results indicate the following: (1) from the perspective of P-M model optimization, the benefit exclusive point of the PIES is the optimal solution in the short term; (2) from the perspective of the long-term benefit, the ultimate result in the relationship between the PIES and consumers is that the PIES will share its profits with consumers; in other words, benefit sharing point is the optimal solution for the long term.

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Section: Contents and Contribution Of This Papermentioning

confidence: 99%

Study on Pricing Mechanism of Cooling, Heating, and Electricity Considering Demand Response in the Stage of Park Integrated Energy System Planning

Liu

2020

Applied Sciences

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“…Market-oriented operation is the main direction of electricity industry reform and development in the world [1,2]. In 2015, a new-round marketization reform of electricity industry was carried out in China [3], which put forward several kinds of reform, such as electricity transmission and distribution pricing, electric power market construction, electric power trading institution establishment, and electricity retail side deregulation [2,4,5]. With the deepening of marketization reform of the electricity industry, the business models of electricity generation side, electricity transmission & distribution side, and electricity retail side will change largely.…”

Section: Introductionmentioning

confidence: 99%

Business Risk Evaluation of Electricity Retail Company in China Using a Hybrid MCDM Method

2020

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Electricity retail marketization reform is in progress in China, and many electricity retail companies (ERC) have been founded. The comprehensive evaluation of business risk for ERC can help effectively manage business risk and reduce risk loss, which is vital for its healthy and sustainable development. In this paper, a new hybrid multi-criteria decision making (MCDM) method integrating the Bayesian best-worst method (BBWM) and improved matter-element extension model (IMEEM) is proposed for business risk evaluation for an ERC. The latest group MCDM method, namely the BBWM is employed to determine risk criteria weights, and the IMEEM is used to rank the business risk of ERC. The evaluation index system is built including three aspects of economic operation risk, marketable risk and political risk. The business risk of ERC in China is evaluated by using the proposed MCDM method, and the result shows the current business risk belongs to ‘High’ grade and closer to ‘Very High’ grade more. The proposed MCDM method for business risk evaluation of ERC is effective and practical, which can provide references for risk management and sustainable development of ERC.

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“…Liu et al analyzed the electricity purchase model of electricity retailing companies under the time‐of‐use tariff based on the connotation, type, and power sale process of the electricity retailing company. Peng et al analyzed the performance of electricity retailing companies in the spot market in combination with China's two‐round power market reforms. Song et al analyzed the trading patterns of electricity retailing companies under the two bidding mechanisms of MCP and PAB.…”

Section: Introductionmentioning

confidence: 99%

A credit risk evaluation based on intuitionistic fuzzy set theory for the sustainable development of electricity retailing companies in China

Tan

et al. 2019

Energy Science & Engineering

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As China's power market becomes more orderly, electricity retailing companies are influenced by multiple factors restricting their healthy, stable, and sustainable development. This paper explores these issues through four dimensions, the external basic environment, operating credit risk, financial credit risk, and transaction credit risk, and determines the credit risk evaluation index system, which includes 22 factors relevant to electricity retailing companies. To achieve this, this paper utilizes the characteristics of the intuitionistic fuzzy set theory and, in an uncertain environment, the proposed credit risk assessment model based on the intuitionistic fuzzy analytic hierarchy process (IFAHP). In order to improve the identification degree of the credit risk evaluation of electricity retailing companies, a penalty factor is introduced into the model, and the variable weight mechanism of dynamic adjustment hesitancy is proposed. Finally, we select five electricity retailing companies and use different evaluation methods to conduct a comprehensive credit risk evaluation, so as to improve the credit risk level of electricity retailing companies.

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Cooperative game of electricity retailers in China's spot electricity market

Cited by 84 publications

References 61 publications

Study on Pricing Mechanism of Cooling, Heating, and Electricity Considering Demand Response in the Stage of Park Integrated Energy System Planning

Study on Pricing Mechanism of Cooling, Heating, and Electricity Considering Demand Response in the Stage of Park Integrated Energy System Planning

Business Risk Evaluation of Electricity Retail Company in China Using a Hybrid MCDM Method

A credit risk evaluation based on intuitionistic fuzzy set theory for the sustainable development of electricity retailing companies in China

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