Journal of Electrical Engineering and Technology

  • 제3권4호
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  • Pages.509-513
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  • 2008
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  • 1975-0102(pISSN)
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  • 2093-7423(eISSN)
대한전기학회 (The Korean Institute of Electrical Engineers)
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The Ramp-Rate Constraint Effects on the Generators' Equilibrium Strategy in Electricity Markets

  • 발행 : 2008.12.01
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초록

In this paper, we investigate how generators' ramp-rate constraints may influence their equilibrium strategy formulation. In the market model proposed in this study, the generators' ramp-rate constraints are explicitly represented. In order to fully characterize the inter-temporal nature of the ramp-rate constraints, a dynamic game model is presented. The subgame perfect Nash equilibrium is adopted as the solution of the game and the backward induction procedure for the solution of the game is designed in this paper. The inter-temporal nature of the ramp-rate constraints results in the Markov property of the game, and we have found that the Markov property of the game significantly simplifies the subgame perfect Nash equilibrium characterization. Finally, a simple electricity market numerical illustration is presented for the successful application of the approach proposed.

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참고문헌

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피인용 문헌

  1. Impacts of Ramp Rate Limits on Oligopolistic Opportunities in Electricity Markets vol.10, pp.1, 2016, https://doi.org/10.1109/JSYST.2014.2354375