DocumentCode
2613422
Title
Dynamic game theory model for the power transmission grid
Author
Salehian, Afshin
Author_Institution
The Valley Group Inc., Ridgefield, CT, USA
fYear
2004
fDate
10-13 Oct. 2004
Firstpage
1449
Abstract
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.
Keywords
cost reduction; decision making; game theory; investment; power markets; power transmission economics; transmission networks; cost optimal control; decision making; dynamic game theory; investments; market structure; maximization; noncooperative environment; power transmission grid; transmission industry; Environmental economics; Game theory; Industrial economics; Power generation economics; Power transmission; Power transmission lines; Pricing; Temperature; Transmission line theory; Wind speed;
fLanguage
English
Publisher
ieee
Conference_Titel
Power Systems Conference and Exposition, 2004. IEEE PES
Print_ISBN
0-7803-8718-X
Type
conf
DOI
10.1109/PSCE.2004.1397513
Filename
1397513
Link To Document