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A System Dynamics Model for the Analysis of the Deregulation in Electricity Market

Author

Listed:
  • Arezou Gholizad

    (Industrial Engineering Department, Islamic Azad University, Tehran, Iran)

  • Loza Ahmadi

    (Construction Management Department, Curtin University, Australia)

  • Erfan Hassannayebi

    (Industrial Engineering Department, Islamic Azad University (Central Tehran Branch), Tehran, Iran)

  • Mehrdad Memarpour

    (Industrial Engineering Department, Tarbiat Modares University (TMU), Tehran, Iran)

  • Masoud Shakibayifar

    (Department of Transportation Engineering and Planning, Iran University of Science & Technology, Tehran, Iran)

Abstract

The process of privatization of the electricity market involves the serious needs of the industry in order to increase productivity, attract private investment and partnerships. If current trends continue, the total investment needed for the industry is not to be able to be supplied from domestic sources. The participation of the private sector in capacity expansion is essential. In this study, a system dynamic approach is presented to study the pricing strategies in electricity market and also to analyze the rate of load consumption in Iranian electricity market. The proposed model enables the decision-maker to assess the effect of prices on the average rate of energy consumption as well as to simulate and predict the behavior of the model with/without taking into account subsidies to the electricity sales rate. The results show that capacity under construction is of high amplitude fluctuations. Moreover, the energy consumption increases with increasing capacity growth.

Suggested Citation

  • Arezou Gholizad & Loza Ahmadi & Erfan Hassannayebi & Mehrdad Memarpour & Masoud Shakibayifar, 2017. "A System Dynamics Model for the Analysis of the Deregulation in Electricity Market," International Journal of System Dynamics Applications (IJSDA), IGI Global, vol. 6(2), pages 1-30, April.
    • Handle: RePEc:igg:jsda00:v:6:y:2017:i:2:p:1-30
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    Cited by:

    1. Ali Shahabi & Sadigh Raissi & Kaveh Khalili-Damghani & Meysam Rafei, 2021. "Designing a resilient skip-stop schedule in rapid rail transit using a simulation-based optimization methodology," Operational Research, Springer, vol. 21(3), pages 1691-1721, September.
    2. Aviad Navon & Gefen Ben Yosef & Ram Machlev & Shmuel Shapira & Nilanjan Roy Chowdhury & Juri Belikov & Ariel Orda & Yoash Levron, 2020. "Applications of Game Theory to Design and Operation of Modern Power Systems: A Comprehensive Review," Energies, MDPI, vol. 13(15), pages 1-35, August.
    3. Pablo David Necoechea-Porras & Asunción López & Juan Carlos Salazar-Elena, 2021. "Deregulation in the Energy Sector and Its Economic Effects on the Power Sector: A Literature Review," Sustainability, MDPI, vol. 13(6), pages 1-23, March.
    4. Qudrat-Ullah, Hassan, 2022. "A review and analysis of renewable energy policies and CO2 emissions of Pakistan," Energy, Elsevier, vol. 238(PB).
    5. Saeed Azimi & Erfan Hassannayebi & Morteza Boroun & Mohammad Tahmoures, 2020. "Probabilistic Analysis of Long-Term Climate Drought Using Steady-State Markov Chain Approach," Water Resources Management: An International Journal, Published for the European Water Resources Association (EWRA), Springer;European Water Resources Association (EWRA), vol. 34(15), pages 4703-4724, December.

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