DocumentCode
2636746
Title
Equilibrium analysis in imperfect traders´ and GenCos´ market
Author
Chitkara, Puneet ; Zhong, Jin
Author_Institution
Dept. of Electr. & Electron. Eng., Univ. of Hong Kong, Hong Kong, China
fYear
2010
fDate
19-22 April 2010
Firstpage
1
Lastpage
7
Abstract
The paper models the strategic behavior of traders, GenCos and ISO using the multi-leader-follower framework. The outcomes of the strategic behavior of the players have been modeled using an equilibrium problem with equilibrium constraints. From a policy perspective it is seen that allowing the GenCos to hold FTRs may be welfare enhancing under certain demand conditions and ownership patterns of transmission rights and generation assets. The proposed model has been simulated on a 3 bus system.
Keywords
Consumer electronics; Councils; Electricity supply industry; Gaussian processes; ISO standards; Law; Legal factors; Mathematical model; Mesh generation; Power generation; Cournot conjectures; Equilibrium Problem with Equilibrium Constraints; Strategic behavior; multi-leader-follower games; transmission rights;
fLanguage
English
Publisher
ieee
Conference_Titel
Transmission and Distribution Conference and Exposition, 2010 IEEE PES
Conference_Location
New Orleans, LA, USA
Print_ISBN
978-1-4244-6546-0
Type
conf
DOI
10.1109/TDC.2010.5484231
Filename
5484231
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