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http://dx.doi.org/10.5207/JIEIE.2009.23.2.182

Analysis of the Influence of Transmission Capacity on the Electricity Market Equilibrium  

Nam, Young-Woo (LS산전(주) 자동화연구소)
Publication Information
Journal of the Korean Institute of Illuminating and Electrical Installation Engineers / v.23, no.2, 2009 , pp. 182-189 More about this Journal
Abstract
Nash equilibrium is usually used to investigate a generator's strategic bidding in electricity markets. Some literatures show that the transmission constraints may induce no pure strategy equilibrium and make it hard to find the equilibrium. Using an analytical approach to find a mixed strategy Nash equilibrium in electricity market with transmission constraints, we analyze the influence of transmission capacity on the mixed strategy Nash equilibrium. Finally, a simple numerical example is provided to support the claims of this paper.
Keywords
Electricity Market; Nash Equilibrium; Transmission Congestion;
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