Dynamic game theory model for the power transmission grid

Transmission grid efficiency is the main concern of any regulatory regime. While high tech devices can help improve the network efficiency by optimum usage of the grid capacity, market structure can keep all the participants in the market motivated through fair competition. Centralized decision making will only prevent investments in the transmission industry and slow down enhancement of new technologies. Therefore, any market model for the transmission network must ensure fair competition in a very noncooperative environment by maximizing the use of available capacity of the lines.