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:: Volume 7, Issue 13 (9-2018) ::
ieijqp 2018, 7(13): 28-34 Back to browse issues page
The effect of payment method in Iran's electricity market on production efficiency in the framework of multy-agent models, Case Study: Khorasan Power Plants
Hamed Mortezazade Mr, Ali akbar Naji Mr , Masoud Homayounifar Mr, Mostafa Rajabi mashhadi Mr
Ferdowsi University of Mashhad
Abstract:   (182 Views)
The most prominent characteristics of the electricity market in our country are thepay as bid to market winners. However, in most countries, a uniform payment method is used to clearing the market.In this paper, the effect of these two methods on the productivity and efficiency of the power industry in the manufacturing sector is compared. For a closer look, the model is designed for three hours of low load, normal load, peak, and yearly. For this purpose, with the use of the Q-Learning method, which is a subset of multy-agent models, Iran's electricity market model with all its features and limited to Khorasan power plants is simulated in two different ways and efficiency is compared in two scenarios. The results indicate that a uniform payment method leads to the use of higher power plants to supply electricity. Therefore, in this way, the cost of electricity is lower than the pay as bid method.
Keywords: Electricity Market, Payment Method, Performance, multy-agent Models
Full-Text [PDF 669 kb]   (81 Downloads)    
Type of Study: Applicable |
Received: 2017/08/6 | Accepted: 2018/08/4 | Published: 2018/08/25


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mortezazade H, naji A A, homayounifar M, rajabi mashhadi M. The effect of payment method in Iran's electricity market on production efficiency in the framework of multy-agent models, Case Study: Khorasan Power Plants. ieijqp. 2018; 7 (13) :28-34
URL: http://ieijqp.ir/article-1-459-en.html


Volume 7, Issue 13 (9-2018) Back to browse issues page
نشریه علمی- پژوهشی کیفیت و بهره وری صنعت برق ایران Iranian Electric Industry Journal of Quality and Productivity
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