DocumentCode
1465629
Title
PES News
Author
Wen, F.S. ; David, A.K.
Author_Institution
Dept. of Electr. Eng., Hong Kong Polytech., Kowloon, China
Volume
21
Issue
4
fYear
2001
fDate
4/1/2001 12:00:00 AM
Firstpage
24
Lastpage
28
Abstract
A method to predict the optimal energy production of a profit maximizing power producer in an oligopoly electricity market is presented. The cases where producers have incomplete information about the operating costs of rival producers are highlighted. Cournot noncooperative game theory is used to determine the oligopoly electricity market equilibrium state that corresponds to the optimal supply quantity of each power producer.
Keywords
electric power generation; electricity supply industry; game theory; Cournot noncooperative game theory; incomplete information; oligopoly electricity market production; operating costs; optimal energy production; optimal supply quantity; power producer; profit maximizing power producer; Cost function; Electricity supply industry; Electricity supply industry deregulation; Equations; Game theory; Oligopoly; Power industry; Production; Uncertainty;
fLanguage
English
Journal_Title
Power Engineering Review, IEEE
Publisher
ieee
ISSN
0272-1724
Type
jour
DOI
10.1109/39.916353
Filename
916353
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