DocumentCode :
1741105
Title :
Pricing and system operation in multi-regional electricity market based on noncooperative game
Author :
Erli, Ge ; Yokoyama, Ryuichi
Author_Institution :
Tokyo Metropolitan Univ., Japan
Volume :
1
fYear :
2000
fDate :
2000
Firstpage :
565
Abstract :
Electricity markets are experiencing widespread changes that are significantly altering the industry. In this paper, economic load dispatching rules in power systems under a competitive environment are investigated when independent power producers (IPPs) are introduced and analyze the two-level game strategies for the negotiation process between utilities, IPPs and customers. These have been previously recognized as a way to come up with a rational decision for competitive markets, in which players intend to maximize their own profits. The derived operation rules based on competition can be viewed as an extension of the conventional equal incremental cost method for the power system. The proposed approach is applied to several systems to verify its effectiveness
Keywords :
costing; electricity supply industry; game theory; load dispatching; power system economics; competitive environment; economic load dispatching rules; equal incremental cost method; independent power producers; multi-regional electricity market; negotiation process; noncooperative game; pricing; system operation; two-level game strategies; Costs; Electricity supply industry; Electricity supply industry deregulation; Environmental economics; Power generation economics; Power markets; Power system economics; Power system modeling; Power system planning; Pricing;
fLanguage :
English
Publisher :
ieee
Conference_Titel :
Power System Technology, 2000. Proceedings. PowerCon 2000. International Conference on
Conference_Location :
Perth, WA
Print_ISBN :
0-7803-6338-8
Type :
conf
DOI :
10.1109/ICPST.2000.900119
Filename :
900119
Link To Document :
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