Title :
Transmission analysis by Nash game method
Author :
Bai, Xiaomin ; Shahidehpour, S.M. ; Ramesh, V.C. ; Yu, Erkeng
Author_Institution :
Dept. of Electr. & Comput. Eng., Illinois Inst. of Technol., Chicago, IL, USA
fDate :
8/1/1997 12:00:00 AM
Abstract :
This paper describes an open access transmission method for maximizing profits in a power system. The proposed method is based on the Nash bargaining game for power flow analysis in which each transaction and its optimal price are determined to optimize the interests of individual parties. Transmission losses are considered by the proposed method, and test cases and results are discussed to present the merits of the proposed method
Keywords :
economics; game theory; load flow; losses; power transmission; Nash game method; decentralised power system; open access transmission method; optimal price; power flow analysis; power system; profits maximisation; transmission losses; transmission services cost; wheeling transactions; Costs; Distributed power generation; Environmental economics; Load flow analysis; Power generation; Power generation economics; Power system analysis computing; Power system economics; Power system modeling; Power systems;
Journal_Title :
Power Systems, IEEE Transactions on
