Author: | Trevor Davis |
---|---|
Author: | Mark Thurber |
Author: | Frank Wolak |
Thanks to Severin Borenstein and Jim Bushnell for developing the original "Electricity Strategy Game" that inspired and served as the original building block for this game. Thanks for the many participants in the 2013 and 2014 Stanford GSB class Energy Markets and Policy, participants to the 2013 Conference on Regional Carbon Policies, and participants in the 2014 course Best Practices in Electricity Market Design and Regulation who used earlier versions of the game and gave valuable feedback. Please don't hesitate to send feedback on this documentation to Trevor or on the Public issue tracker.
Contents
This game is a basic game where each generation company places bids for the full capacity of each unit in their portfolio of power plants in a Uniform-price auction. The game is separated into a North and South market but initially there is no transmission constraint. The game contains four periods approximating the shape of demand over a day. The other games deviate from this base game in order to illustrate different properties of electricity markets.
In this game generators bid under a Pay-As-Bid auction. It illustrates the impact of auction mechanisms on market impacts.
This unit illuminates the effects of network congestion. This games adds a 750 MWh transmission constraint between the North and South regions to the base game.
This unit illuminates the effects of forward contracts on generator behavior. In addition to the conditions of the base game, this game gives pre-assigned non-sellable forward contracts to the generators at the beginning of the game. Unlike the base game, this game repeats the high demand conditions. The "low" variant gives the teams forward contracts that cover a lower fraction of their base capacity, the "medium" variant gives the teams forward contracts that cover a higher fraction of their base capacity similar to what they'd sell under a competitive market, and the "high" variant has the teams contracted for more than their capacity.
This unit illuminates the effects of a carbon tax on generator behavior. This game adds a carbon tax of $163 per ton. If generators bid marginal cost and demand is as expected the amount emitted should be equivalent to that in the carbon cap scenario.
This unit illuminates the effects of a carbon cap on generator behavior. This game adds a carbon cap and tradeable carbon allowances to the base game. If generators bid marginal cost and demand is as expected the amount emitted should be equivalent to that in the carbon tax scenario.
Contract is purely financial: make "difference payments"
Where
CPP-R helps retailers by substantially reducing procurement price (Pspot) if on a steep portion of the supply curve and also reduces demand in periods when Pspot > Pretail
portfolio | plant | location | mw | fuelcost | varom | fixom | carbon | type |
---|---|---|---|---|---|---|---|---|
Big_Coal | FOUR_CORNERS | South | 1900 | 17.5 | 1.5 | 2000 | 0.55 | coal |
Big_Coal | ALAMITOS_7 | South | 250 | 50 | 1.5 | 0 | 0.59 | gas |
Big_Coal | HUNTINGTON_BEACH_1-2 | South | 300 | 27 | 1.5 | 500 | 0.32 | gas |
Big_Coal | HUNTINGTON_BEACH_5 | South | 150 | 45 | 1.5 | 500 | 0.53 | gas |
Big_Coal | REDONDO_5-6 | South | 350 | 28 | 1.5 | 750 | 0.33 | gas |
Big_Coal | REDONDO_7-8 | South | 950 | 28 | 1.5 | 1250 | 0.33 | gas |
Big_Gas | EL_SEGUNDO_1-2 | South | 400 | 30 | 1.5 | 250 | 0.35 | gas |
Big_Gas | EL_SEGUNDO_3-4 | South | 650 | 27.5 | 1.5 | 250 | 0.32 | gas |
Big_Gas | LONG_BEACH | South | 550 | 36 | 0.5 | 500 | 0.42 | gas |
Big_Gas | NORTH_ISLAND | South | 150 | 45 | 0.5 | 0 | 0.53 | gas |
Big_Gas | ENCINA | South | 950 | 28.5 | 0.5 | 500 | 0.34 | gas |
Big_Gas | KEARNY | South | 200 | 62 | 0.5 | 0 | 0.73 | gas |
Big_Gas | SOUTH_BAY | South | 700 | 30 | 0.5 | 500 | 0.35 | gas |
Bay_Views | MORRO_BAY_1-2 | North | 335 | 26.5 | 0.5 | 500 | 0.31 | gas |
Bay_Views | MORRO_BAY_3-4 | North | 665 | 25 | 0.5 | 1000 | 0.29 | gas |
Bay_Views | MOSS_LANDING_6 | North | 750 | 21.5 | 1.5 | 2000 | 0.25 | gas |
Bay_Views | MOSS_LANDING_7 | North | 750 | 21.5 | 1.5 | 2000 | 0.25 | gas |
Bay_Views | OAKLAND | North | 150 | 42 | 0.5 | 0 | 0.5 | gas |
Beachfront | COOLWATER | South | 650 | 29 | 0.5 | 500 | 0.34 | gas |
Beachfront | ETIWANDA_1-4 | South | 850 | 28.5 | 1.5 | 2000 | 0.34 | gas |
Beachfront | ETIWANDA_5 | South | 150 | 42.5 | 1.5 | 250 | 0.5 | gas |
Beachfront | ELLWOOD | South | 300 | 52 | 0.5 | 0 | 0.61 | gas |
Beachfront | MANDALAY_1-2 | South | 300 | 26 | 1.5 | 250 | 0.31 | gas |
Beachfront | MANDALAY_3 | South | 150 | 35 | 1.5 | 250 | 0.41 | gas |
Beachfront | ORMOND_BEACH_1 | South | 700 | 26 | 0.5 | 1750 | 0.31 | gas |
Beachfront | ORMOND_BEACH_2 | South | 700 | 26 | 0.5 | 1750 | 0.31 | gas |
East_Bay | PITTSBURGH_1-4 | North | 650 | 28 | 0.5 | 625 | 0.33 | gas |
East_Bay | PITTSBURGH_5-6 | North | 650 | 25 | 0.5 | 625 | 0.29 | gas |
East_Bay | PITTSBURGH_7 | North | 700 | 41 | 0.5 | 1000 | 0.48 | gas |
East_Bay | CONTRA_COSTA_4-5 | North | 150 | 40 | 0.5 | 250 | 0.47 | gas |
East_Bay | CONTRA_COSTA_6-7 | North | 700 | 27 | 0.5 | 1500 | 0.32 | gas |
East_Bay | POTRERO_HILL | North | 150 | 48 | 0.5 | 0 | 0.57 | gas |
Old_Timers | BIG_CREEK | South | 1000 | 0 | 0 | 3750 | 0 | hydro |
Old_Timers | MOHAVE_1 | South | 750 | 15 | 4.5 | 3750 | 0.47 | gas |
Old_Timers | MOHAVE_2 | South | 750 | 15 | 4.5 | 3750 | 0.47 | gas |
Old_Timers | HIGHGROVE | South | 150 | 34 | 0.5 | 0 | 0.4 | gas |
Old_Timers | SAN_BERNADINO | South | 100 | 37 | 0.5 | 0 | 0.44 | gas |
Fossil_Light | HUMBOLDT | North | 150 | 32.5 | 0.5 | 0 | 0.38 | gas |
Fossil_Light | HELMS | North | 800 | 0 | 0.5 | 3750 | 0 | hydro |
Fossil_Light | HUNTERS_POINT_1-2 | North | 150 | 33 | 1.5 | 250 | 0.39 | gas |
Fossil_Light | HUNTERS_POINT_4 | North | 250 | 51.5 | 1.5 | 250 | 0.61 | gas |
Fossil_Light | DIABLO_CANYON_1 | North | 1000 | 7.5 | 4 | 5000 | 0 | nuclear |