Title :
Equilibrium analysis in imperfect traders´ and GenCos´ market
Author :
Chitkara, Puneet ; Zhong, Jin
Author_Institution :
Dept. of Electr. & Electron. Eng., Univ. of Hong Kong, Hong Kong, China
Abstract :
The paper models the strategic behavior of traders, GenCos and ISO using the multi-leader-follower framework. The outcomes of the strategic behavior of the players have been modeled using an equilibrium problem with equilibrium constraints. From a policy perspective it is seen that allowing the GenCos to hold FTRs may be welfare enhancing under certain demand conditions and ownership patterns of transmission rights and generation assets. The proposed model has been simulated on a 3 bus system.
Keywords :
Consumer electronics; Councils; Electricity supply industry; Gaussian processes; ISO standards; Law; Legal factors; Mathematical model; Mesh generation; Power generation; Cournot conjectures; Equilibrium Problem with Equilibrium Constraints; Strategic behavior; multi-leader-follower games; transmission rights;
Conference_Titel :
Transmission and Distribution Conference and Exposition, 2010 IEEE PES
Conference_Location :
New Orleans, LA, USA
Print_ISBN :
978-1-4244-6546-0
DOI :
10.1109/TDC.2010.5484231
