Title :
A game-theoretic study of the strategic interaction between generation and transmission expansion planning
Author :
Ng, Simon K K ; Zhong, Jin ; Lee, Cheuk Wing
Author_Institution :
Dept. of Electr. & Electron. Eng., Univ. of Hong Kong, Hong Kong
Abstract :
Due to the unbundling of power generation and transmission in the restructured power system, the generation expansion planning (GEP) and transmission expansion planning (TEP) are decided by independent entities. The coordination of GEP and TEP therefore becomes a new challenge for both generation companies (GenCos) and transmission companies (TransCo). In this paper, a single-stage deterministic model is proposed to study the strategic interaction between GenCo and TransCo. Cournot model is used to simulate the expansion behaviors for both GenCo and TransCo. The equilibrium is obtained using the mixed complementarity problem approach. The proposed model is applied to a three-bus system and the IEEE 14-bus system.
Keywords :
game theory; power generation planning; power transmission planning; Cournot model; IEEE 14-bus system; game-theoretic study; generation companies; generation expansion planning; mixed complementarity problem approach; single-stage deterministic model; strategic interaction; three-bus system; transmission companies; transmission expansion planning; Decision theory; Environmental economics; Game theory; Investments; Power generation; Power generation economics; Power system economics; Power system modeling; Power system planning; Strategic planning; deregulation; game theory; generation expansion planning; mixed complementarity problem; transmission expansion planning;
Conference_Titel :
Power Systems Conference and Exposition, 2009. PSCE '09. IEEE/PES
Conference_Location :
Seattle, WA
Print_ISBN :
978-1-4244-3810-5
Electronic_ISBN :
978-1-4244-3811-2
DOI :
10.1109/PSCE.2009.4840024
