The Transactions of the Korean Institute of Electrical Engineers A (대한전기학회논문지:전력기술부문A)

The Korean Institute of Electrical Engineers (대한전기학회)
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Power Transaction Analysis using Game Theory

게임이론을 적용한 전력거래 해석

  • 박만근 (홍익대 전기정보제어공학과) ;
  • 김발호 (홍익대 전기정보제어공학과) ;
  • 박종배 (안양대 전기전자공학과) ;
  • 정만호 (한국전력공사)
  • Published : 2000.06.01
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Abstract

The electric power industries are moving from the conventional monopolistic or vertically integrated environments to deregulated and competitive environments, where each participant is concerned with profit maximization rather than system-wide costs minimization. Consequently, the conventional least-cost approaches for the generation resource schedule can not exactly handle real-world situations. This paper presents a game theory application for analyzing power transactions and market design in a deregulated energy marketplace, where the market participants determine the net profits through the optimal bidding strategies. The demand elasticity of the energy price is considered for the realistic modeling of the deregulated marketplace.

Keywords

References

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