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| Content Provider | IEEE Xplore Digital Library |
|---|---|
| Author | Zhengjun Liu Hongming Yang Mingyong Lai |
| Copyright Year | 2005 |
| Description | Author affiliation: Coll. of Bus. Adm., Hunan Univ. (Zhengjun Liu) |
| Abstract | It is necessary for independent system operators to analyze whether power market leads to the stable equilibrium conditions while designing power exchanges and policies. This paper proposes the dynamic Cournot game model of power market with bounded rationality considering transmission network constrains to accurately model the game behaviors of market participants. With this model, the Nash equilibrium of power market and its stability are quantitatively analyzed, from which it can be seen that power market has different Nash equilibrium and even does not have the Nash equilibrium in the different market parameters and the corresponding different operating conditions of transmission network, i.e., congestion and non-congestion, and the smooth adjustment of generation quantities and the restriction of the maximum value of electricity price can reinforce the stability of power market |
| Starting Page | 444 |
| Ending Page | 447 |
| File Size | 303421 |
| Page Count | 4 |
| File Format | |
| ISBN | 0780391977 |
| DOI | 10.1109/MWSCAS.2005.1594133 |
| Language | English |
| Publisher | Institute of Electrical and Electronics Engineers, Inc. (IEEE) |
| Publisher Date | 2005-08-07 |
| Publisher Place | USA |
| Access Restriction | Subscribed |
| Rights Holder | Institute of Electrical and Electronics Engineers, Inc. (IEEE) |
| Subject Keyword | Stability analysis Power markets Power system modeling Power system dynamics Nash equilibrium Educational institutions Differential equations Information analysis Power generation Power system analysis computing |
| Content Type | Text |
| Resource Type | Article |
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