Study On G Eneration Rights Trade Based On Game Theory

The reform of the power market of our country is a perennial process of exploration. The power market should be built stage by stage. It should be explored, diversified and adjusted continuously according to the current situation and the available infrastructures. To abide by the energy policy of the state, increase the usage of hydropower and construct an economizing-resource society, it is necessary to engage us actively in studying and establishing policies in favor of the sustainable development of hydropower. Such policies may involve market rules, pricing mechanisms, output quotas, and "Replacement of hydropower and thermal power", etc. "Replacement of hydropower and thermal power" is essentially a kind of generation rights trade. This thesis focuses on the generation rights trade. The research includes: the mechanism of generation rights trade based on double auction, game analysis based on double auction generation rights trade and the problem of water rights of cascade hydropower station in power market.Firstly, we review the research on generation rights trade at home and abroad. This thesis's meaning and the main content are summarized.Secondly, we introduce economic concepts used in generation rights trade, such as basic concept of game theory, auction theory especially double auction theory and the application of game theory to auction theory.Thirdly, according to generation rights trade market with multi-buyer and multi-vender, we proposed an incentive compatibility system of double auction theory. Because of generation companies's production cost and venders' Evaluation are private information , we built a incomplete information bayesian game model, and solved the problem.Finally, combined with operating reform of cascade hydropower station in power market, we applies generation rights trade to the operation of cascade hydropower station for fully utitizing water resources, avoiding fluctuation of electricity price, and common interest of upstream and downstream power stations.In summary, game theory is the point of research on generation rights trade. This paper proposes project designs or mathematical models on generation rights trade. The study has directive significances and practical values on hydro-corporations' accessing the power market.