DocumentCode
85274
Title
Optimal Strategies for Multiple Participants in Electricity Markets
Author
Khodayar, Mohammad E. ; Shahidehpour, Mohammad
Author_Institution
Southern Methodist Univ., Dallas, TX, USA
Volume
29
Issue
2
fYear
2014
fDate
Mar-14
Firstpage
986
Lastpage
987
Abstract
This letter presents the solution framework for calculating multi-participant Nash equilibria in a transmission-constrained electricity market. The proposed framework, which is generally applicable to various gaming conditions in electricity markets, is used here for non-cooperative complete information game between market participants with discrete bidding strategies. The example in this letter shows the effectiveness of the proposed framework in finding the Nash equilibrium.
Keywords
game theory; minimax techniques; power markets; tendering; discrete bidding strategies; maxmin strategies; multiparticipant Nash equilibria calculation; noncooperative complete information game; transmission-constrained electricity market; Electronic mail; Games; Indexes; Nash equilibrium; Power markets; Power systems; Bidding strategy in electricity markets; Nash equilibrium; non-cooperative game;
fLanguage
English
Journal_Title
Power Systems, IEEE Transactions on
Publisher
ieee
ISSN
0885-8950
Type
jour
DOI
10.1109/TPWRS.2013.2288020
Filename
6657746
Link To Document