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Market dynamics driven by the decision-making of both power producers and transmission owners
Minoia, Anna; Ernst, Damien; Ilic, Marija
2004In Proceedings of the IEEE Power Engineering Society General Meeting 2004
Peer reviewed
 

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Keywords :
active transmission owner agent; competition modelling; market dynamics
Abstract :
[en] In this paper we consider an electricity market in which not only the power producers but also the transmission owners can submit a bid. The market is cleared at each stage by minimizing the sum of the production prices and the transmission prices. A model of the strategic behavior is formulated for the different agents of the system. This strategic behavior modelling leads to a market dynamics that can be used to determine the different payoffs of the agents over a temporal horizon. Simulations are carried out for several configurations of this two node power system. The influence of the transfer capacity and the market structure on the payoffs of the different agents is discussed.
Disciplines :
Electrical & electronics engineering
Author, co-author :
Minoia, Anna
Ernst, Damien  ;  Université de Liège - ULiège > Dép. d'électric., électron. et informat. (Inst.Montefiore) > Systèmes et modélisation
Ilic, Marija
Language :
English
Title :
Market dynamics driven by the decision-making of both power producers and transmission owners
Publication date :
2004
Event name :
IEEE Power Engineering Society General Meeting 2004
Event place :
Denver, United States
Event date :
6-10 June 2004
Audience :
International
Main work title :
Proceedings of the IEEE Power Engineering Society General Meeting 2004
ISBN/EAN :
0-7803-8465-2
Pages :
255-260
Peer reviewed :
Peer reviewed
Funders :
F.R.S.-FNRS - Fonds de la Recherche Scientifique [BE]
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since 27 May 2009

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