Title :
A PSO-based SFE approach for congestion-constrained power market Equilibrium studies
Author :
Ghiyasi, M.I. ; Khalkhali, H. ; Hosseinian, S.H. ; Rad, B. Farhangi
Author_Institution :
Islamic Azad Univ. of Doroud, Doroud, Iran
Abstract :
In this paper, PSO algorithm is used to reach Nash-Equilibrium in congestion-constrained power market through a two-level optimization process. Enhanced Supply Function Equilibrium (SFE) incorporating Generalized Generation Distribution Factors for higher accuracy, is the approach to determine the equilibrium point of the market. Since GGDF values vary with the line flows as well as generation and load quantities, this approach can yield more accurate results than those not considering the varying nature of GGDFs.
Keywords :
Electricity supply industry; ISO; Load flow; Nash equilibrium; Optimization methods; Particle swarm optimization; Power generation; Power generation economics; Power markets; Uncertainty; Congestion Constraint; Generalized Generation Distribution Factors (GGDF); Nash Equilibrium Point; Particle Swarm Optimization (PSO); Supply Function Equilibrium (SFE);
Conference_Titel :
Environment and Electrical Engineering (EEEIC), 2010 9th International Conference on
Conference_Location :
Prague, Czech Republic
Print_ISBN :
978-1-4244-5370-2
Electronic_ISBN :
978-1-4244-5371-9
DOI :
10.1109/EEEIC.2010.5489993
