WebAug 1, 2013 · To better understand how a cap-and-trade market might function under high-carbon-price conditions, the authors ran a simulation called the ‘Electricity Strategy Game’ created by Severin Borenstein and James Bushnell. Among its most startling observations: higher carbon prices were favorable to all of the generation portfolios. WebApr 1, 2007 · OPEC Game; Electricity Strategy Game; Links to Readings; In the News; Old Exams and Extra Problems; Exam Solutions; Contact Information and Office Hours …
The Electricity Journal - ScienceDirect
WebPlayers have power plants, know current energy prices • Bid their capacity into a power exchange • Each round is one year • Three sub rounds: base (5000 h/y), shoulder (3500 h/y) and peak (160 h/y) • Power plants are run in order to produce sold electricity • Operating profit = power exchange revenues – fuel cost • Weboptimal bidding strategy. Keywords Non-Cooperative Game Theory, Nash Equilibrium, Electricity Pool Model 1. Introduction The establishing of electricity pool come with the electricity industry deregulation. Its original aim is to reduce electricity price to the final consumer via introducing compe-tition. leiths how to cook
Electricity Strategy Game - Home Page
WebIt’s the second-to-last day of class, and the students in 15.0201/14.43 (Economics of Energy, Innovation, and Sustainability) are discussing their teams’ results and the logic behind the decisions they made in the Electricity Strategy Game — a … WebApr 13, 2024 · The game is designed to replicate the world of deregulated wholesale electricity markets. Players are divided into firms and utilize electricity generation … WebMay 12, 2024 · The first strategy game is designed to simulate OPEC countries’ oil extraction decisions where students learn about dynamic natural resource decision … leith sourcing