An application of game theory to a strategy of genco's power planning

게임이론을 이용한 발전사업자 설비투자전략

Recently, the electric power industries around the world are moving from the conventional monopolistic or vertically integrated environments to privatization, deregulation, and competition environments, where each participant is concerned with the maximization of profits in the marketplaces rather than system-wide costs minimization. To reduce difference of viewpoint about power planning between Genco and regulator, adjustment procedures need. This paper presents that game theory can be applied by systematic decision-making means.