Title :
The Investigation of System Constraints on Power Producers´ Strategies Using a Game Theoretical Approach
Author :
Yan, J. ; Petroianu, A. ; Sousa, J.
Author_Institution :
Electr. Eng. Dept., Univ. of Cape Town, Cape Town
Abstract :
We investigate the impact of constraints (generation and transmission) and demand elasticity on Independent Power Producers´ (IPPs) market strategies. An analytical model based on classical Cournot model has been developed to investigate the strategies of power producers. The results show that some IPPs are capable of obtaining same profit with different outputs through capacity withholding, which results in the increase of market price. Consumer can reduce its payment by changing its elasticity of demand within certain margins.
Keywords :
game theory; power markets; Independent Power Producers; capacity withholding; classical Cournot model; game theoretical approach; market strategies; power producers strategies; system constraints; Africa; Analytical models; Cities and towns; Constraint theory; Costs; Elasticity; Electricity supply industry; Game theory; Power generation; Power system modeling; Cournot model; System constraints; game theory; market strategies; perfect competition;
Conference_Titel :
Power Tech, 2007 IEEE Lausanne
Conference_Location :
Lausanne
Print_ISBN :
978-1-4244-2189-3
Electronic_ISBN :
978-1-4244-2190-9
DOI :
10.1109/PCT.2007.4538444
