2024 年 144 巻 2 号 p. 101-111
In recent years, wholesale power exchanges worldwide have begun to allow linked block order. In Japan, linked block order has been available since FY2024, with the expectation that it will eliminate concerns about missing contracts by power producers, increase the volume of sell orders by power producers, and consequently increase the volume of market transactions. Using multi-agent simulation, we examine the impact of the introduction of linked block orders in wholesale power exchange trading and the possibility of exercising market power in wholesale power exchange trading using multi-agent simulation. The simulation results showed the potential for opportunities to use linked block orders to exercise market power.
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