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| Equilibrium Model for Electricity Market Including Energy Saving and Emission Reduction Constraints |
| YANG Jianlin1，YAN Zheng1，YU Guoqin2，LIN Yi2 |
| (1.School of Electronic, Information and Electrical Engineering, Shanghai Jiaotong University, Shanghai 200240, China; 2.Shanghai Electric Power Corporation, Shanghai 200122, China) |
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Abstract An oligopolistic model, including the energy saving and emission reduction constraints, was proposed. The locational marginal prices associated with generator buses are composed by four components: the marginal energy cost, the capacity opportunity cost, the energy saving and emission reduction opportunity cost and the ramp rate opportunity cost. As illustrated by the case study, in the oligopolistic environment, the GenCos with high energyconsumption rate and high emission rate have to reduce their bidding prices to obtain more revenues, while the GenCos with low energy rates and low emission rates can obtain more revenues by increasing the bidding prices. Besides, in the multiperiods scenario, the energy consumption amount (emission amount) often shift from the valley load periods to the peak load periods.
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Received: 23 October 2009
Published: 28 July 2010
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