Abstract—Electricity market is a complex system involving multi-factors and multi-links, together with typical characteristics of self-organization. In order to evaluate the efficiency of its operations dynamically, this study established the co-evolution model and revealed the dynamic evolution of the internal mechanism. Three order parameters were found: declared supply and demand ratio, reserve rate of generation and market clearing price. PJM data and the adiabatic elimination of Synergetic are used here. By solving the order parameter equations, this study found and analyzed the stability of the steady state solution.
Index Terms—Self-organization, co-evolution, complex system, order parameter
The authors are with the School of Economics and Management, North China Electric Power University, CO 102206 China (e-mail: sjq@ncepu.edu.cn, houlaiyanli@126.com, lichunjie@ncepu.edu.cn).
Cite: Sun Jingqi, Yan Li, and Li Chunjie, "The Research on Multi-Order Parameters’ Stable Value of Electricity Market Operation Efficiency Based on Complex System," International Journal of Future Computer and Communication vol. 2, no. 2 pp. 111-114, 2013.
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