Title :
Critically-congested Nash-Cournot equilibria in electricity networks
Author_Institution :
Instituto de Investigacion Tecnologica, Univ. Pontificia Cornillas, Madrid
Abstract :
Oligopolistic generators behaviour may result in equilibria characterized by critically-congested lines, that is, congested lines such that arbitrarially small generation changes cause them to be not-congested. The nature of such equilibria, under the Cournot (quantity bids) hypothesis is discussed, and an algorithm proposed to compute them. Probabilities measures arise in a natural way in the analysis and in the proposed algorithm
Keywords :
oligopoly; power markets; power system economics; Oligopolistic generator; critically-congested Nash-Cournot equilibria; electricity network; probability; Character generation; Computational modeling; Economic forecasting; Electricity supply industry; Equations; Nash equilibrium; Power generation; Power system economics; Power system interconnection; Power system modeling; Interconnected power systems; Power system economics;
Conference_Titel :
Probabilistic Methods Applied to Power Systems, 2006. PMAPS 2006. International Conference on
Conference_Location :
Stockholm
Print_ISBN :
978-91-7178-585-5
DOI :
10.1109/PMAPS.2006.360332