Transmission augmentation in an oligopoly electricity market - Part I (mathematical formulation)

M. R. Hesamzadeh, N. Hosseinzadeh, P. J. Wolfs

نتاج البحث: Conference contribution

1 اقتباس (Scopus)

ملخص

This paper proposes a Three-Stage Model for transmission augmentation in restructured electricity markets. The mathematical formulation of the model is eveloped based on the game theory. Transmission Network Service Provider, TNSP, Generating Companies, GenCos, and Market Management Company, MMC, are placed in different stages of the model. These stages are linked to each other using the Leader-followers game and the concept of Nash equilibriums. An increase in transmission capacity can have two benefits for the electricity market; firstly, efficiency benefit in terms of improving the social welfare of the electricity industry, and, secondly, competition benefit which leads to increasing competition among generating companies. The introduced Three-Stage Model can capture both benefits of transmission projects in electricity markets. An effective numerical method is designed for solving the developed Three-Stage Model. A modified IEEE 14 example system is employed to show the effectiveness of the methodology. This paper has been organized in two parts. First part deals with the mathematical formulation of the algorithm and second part deals with the numerical studies. What follows is the first part of the paper.

اللغة الأصليةEnglish
عنوان منشور المضيف2008 Australasian Universities Power Engineering Conference, AUPEC 2008
حالة النشرPublished - 2008
الحدث2008 Australasian Universities Power Engineering Conference, AUPEC 2008 - Sydney, NSW, Australia
المدة: ديسمبر ١٤ ٢٠٠٨ديسمبر ١٧ ٢٠٠٨

سلسلة المنشورات

الاسم2008 Australasian Universities Power Engineering Conference, AUPEC 2008

Other

Other2008 Australasian Universities Power Engineering Conference, AUPEC 2008
الدولة/الإقليمAustralia
المدينةSydney, NSW
المدة١٢/١٤/٠٨١٢/١٧/٠٨

ASJC Scopus subject areas

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