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

The Korean Institute of Electrical Engineers (대한전기학회)
권호 표지

Analysis on a Combined Model of Competitive Bidding and Strategic Maintenance Scheduling of Generating Units

발전력의 경쟁적 입찰전략과 전략적 보수계획에 대한 결합모형 연구

  • Published : 2006.09.01
Download PDF
⟨ Previous Next ⟩

Abstract

Maintenance scheduling of generating units (MSU) has strategic dimension in an oligopolistic market. Strategic MSU of gencos can affect a market power through capacity withdrawal which is related to bidding strategy in an generation wholesale market. This paper presents a combined framework that models the interrelation between competitive bidding and strategic MSU. The combined game model is represented as some sub-optimization problems of a market operator (MO) and gencos, that should be solved through bi-level optimization scheme. The gradient method with dual variables is also adopted to calculate a Nash Equilibrium (NE) by an iterative update technique in this paper. Illustrative numerical example shows that NE of a supply function equilibrium is obtained properly by using proposed solution technique. The MSU made by MO is compared with that by each genco and that under perfect competition market.

Keywords

References

  1. X.Wang, J.R. McDonald, Modern Power System Planning, McGraw-Hill Book Company, 1994
  2. M.Shahidehpour, M.Marwali, Maintenance Scheduling in Restructured Power Systems, Kluwer Academic Pubishers, Massachusetts, 2000
  3. A.J. Conejo, R.G. Bertrand, M.D. Salazar, 'Generation Maintenance Scheduling in Restructured Power Systems,' IEEE Trans. on Power Systems, Vol.20, No.2, pp.984-992, May, 2005 https://doi.org/10.1109/TPWRS.2005.846078
  4. 한석만, 김발호 등, '경쟁적 전력시장에서 계통운용자의 발전기 예방정비계획에 관한 연구,' 대한전기학회 논문지 53A권, 8호, pp.477-483, 2004. 8
  5. J.H. Kim J.B. Park, J.K. Park, B.H. Kim, 'A New Game-Theoretic Framework for Maintenance Strategy Analysis,' IEEE Trans. on Power Systems, Vol.18, No.2, pp.698-706, May, 2003 https://doi.org/10.1109/TPWRS.2003.811013
  6. D. Chattopadhyay, 'A Game Theoretic Model for Stategic Maintenance and Dispatch Decisions,' IEEE Trans. on Power Systems, Vol.19, No.4, pp.2014-2021, November, 2004 https://doi.org/10.1109/TPWRS.2004.836180
  7. M. Shahidhpour, Market Operations in Electric Power Systems, John Wiley and Sons, 2002
  8. K.H. LEE, Ross Baldick, 'Solving Three-Player Games by the Matrix Approach with Application to an Electric Power Market,' IEEE Trans. on Power Systems, Vol.18, No.4, pp.1573-1580, November, 2003 https://doi.org/10.1109/TPWRS.2003.818744
  9. H. Niu, R. Baldick, G. Zhu, 'Supply Function Equilbrium Bidding Strategies with Fixed Forward Contracts,' IEEE Trans. on Power Systems, Vol.20, No.4, pp.1859-1867, November, 2005 https://doi.org/10.1109/TPWRS.2005.857272
  10. J.D. Weber, T.J. Overbye, 'A Two-level Optimization Problem for Analysis of Market Bidding Strategies,' IEEE PES Summer Meeting, Vol.2, pp.682-687, 1999 https://doi.org/10.1109/PESS.1999.787399
  11. A.J. Wood, B.F. Wollenberg, Power Generation, Operation, and Control, John Wiley and Sons, 1996