Title :
Evolutionary computation techniques for power market equilibrium determination
Author :
Wong, K.P. ; Chung, C.Y.
Author_Institution :
Dept. of Electr. Eng., Hong Kong Polytech. Univ., Kowloon
Abstract :
This paper reviews the application of some evolutionary computation techniques for power market equilibrium determination. Competitive power markets are formulated as a Cournot game. Genetic algorithm and coevolutionary computation techniques are adapted to numerically solve the optimization problem of finding the market equilibrium. Numerical example shows that the evolutionary computation approach is effective and it provides a powerful means for electricity market analysis
Keywords :
game theory; genetic algorithms; power markets; Cournot game; competitive power markets; electricity market analysis; evolutionary computation techniques; genetic algorithm; optimization problem; power market equilibrium determination; Costs; Electricity supply industry; Electricity supply industry deregulation; Evolutionary computation; Game theory; Genetic algorithms; Power engineering and energy; Power markets; Production; Toy industry; Cournot game; equilibrium; genetic algorithm; power market;
Conference_Titel :
Power Engineering Society General Meeting, 2006. IEEE
Conference_Location :
Montreal, Que.
Print_ISBN :
1-4244-0493-2
DOI :
10.1109/PES.2006.1709320
