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Multiple Nash Equilibria in Electricity Markets With Price-Making Hydrothermal Producers
| Content Provider | Semantic Scholar |
|---|---|
| Author | Löschenbrand, Markus Korpås, Magnus |
| Copyright Year | 2019 |
| Abstract | This paper proposes a novel approach incorporating scheduling decisions into a multinodal multiperiod Cournot game. Through applying the Nikaido–Isoda function, market clearing is conducted without dual values being required. Maps of Nash equilibria are obtained through a branch-and-cut algorithm, based on tailored cutting rules. A case study of inertial response requirements shows that these maps and the resulting range of potential player profits can be used to analyze the impacts of policy decisions influenced by discontinuous variables. The case study also shows the financial impact on neighboring producers to the node with applied inertial response requirements. |
| Starting Page | 422 |
| Ending Page | 431 |
| Page Count | 10 |
| File Format | PDF HTM / HTML |
| DOI | 10.1109/TPWRS.2018.2858574 |
| Volume Number | 34 |
| Alternate Webpage(s) | https://ntnuopen.ntnu.no/ntnu-xmlui/bitstream/handle/11250/2595312/Loschenbrand-Multiple+Nash+Equilibria+in+electricity.pdf?isAllowed=y&sequence=1 |
| Alternate Webpage(s) | https://doi.org/10.1109/TPWRS.2018.2858574 |
| Journal | IEEE Transactions on Power Systems |
| Language | English |
| Access Restriction | Open |
| Content Type | Text |
| Resource Type | Article |
