电力制度经济学III:发电的非凸性与电力市场设计

作者 金本良嗣(政策研究大学院大学)
发表日期/编号 2023年11月 23-J-048
研究课题 电力市场制度设计及其对日本的启示
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概要

Designing power markets is not easy because power systems have a number of troublesome technical characteristics that can lead to market failure. Perhaps least well known but most intellectually challenging among them are the nonconvexities introduced by generator start-up costs and minimum output constraints. With these nonconvexities a competitive equilibrium may fail to exist, which makes the task of designing electricity markets highly challenging. In Japan as well as other developed countries, the problem of start-up costs is becoming more serious, and the redesign of the electricity market is being considered. This paper reviews two approaches to dealing with nonconvexity in power generation, one European and one U.S. ISO approach. It also discusses the recent developments in pricing under nonconvexity and how to deal with the large forecast errors that have arisen with the rapid increases in variable renewable energy.