Shapley Game for Expansion Planning of Generating Companies at Many Non-Coincident Criteria

Liberalization of electric power systems (EPS) considerably changes and sophisticates solution of the expansion problems and their contents. Akey problem here is to coordinate interests of the subjects involved in the EPS expansion planning. The interests may or may not be directly opposite. Very often, the subjects can benefit by cooperation, which affects the decisions on EPS expansion. The theory of cooperative games can be used to solve the problem of coordinating the interests most efficiently. The approach is exemplified by one and two interacting power supply companies, with several subjects each with their interests and different conditions for system expansion