Contract design and supply chain coordination in the electricity industry

被引:123
作者
Oliveira, Fernando S. [1 ]
Ruiz, Carlos [2 ]
Conejo, Antonio J. [3 ]
机构
[1] ESSEC Business Sch, Singapore 188064, Singapore
[2] Univ Carlos III Madrid, Leganes 28911, Spain
[3] Univ Castilla La Mancha, E-13071 Ciudad Real, Spain
关键词
Contract design; Game theory; OR in energy; Supply chain management; AGENT-BASED SIMULATION; DOUBLE MARGINALIZATION; VERTICAL INTEGRATION; MARKET POWER; SPOT MARKET; COMPETITION; GENERATION; RETAILER; PRICE; COOPERATION;
D O I
10.1016/j.ejor.2013.01.003
中图分类号
C93 [管理学];
学科分类号
120117 [社会管理工程];
摘要
In this article we propose a model of the supply chain in electricity markets with multiple generators and retailers and considering several market structures. We analyze how market design interacts with the different types of contract and market structure to affect the coordination between the different firms and the performance of the supply chain as a whole. We compare the implications on supply chain coordination and on the players' profitability of two different market structures: a pool based market vs. bilateral contracts, taking into consideration the relationship between futures and spot markets. Furthermore, we analyze the use of contracts for differences and two-part-tariffs as tools for supply chain coordination. We have concluded that there are multiple equilibria in the supply chain contracts and structure and that the two-part tariff is the best contract to reduce double marginalization and increase efficiency in the management of the supply chain. (C) 2013 Elsevier B.V. All rights reserved.
引用
收藏
页码:527 / 537
页数:11
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