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Nash Equilibrium in Competitive Electricity Market Considering Congestion

by Seyed Mohammad Hossein Nabavi, Somayeh Hajforoosh
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International Journal of Computer Applications
Foundation of Computer Science (FCS), NY, USA
Volume 93 - Number 19
Year of Publication: 2014
Authors: Seyed Mohammad Hossein Nabavi, Somayeh Hajforoosh
10.5120/16472-6216

Seyed Mohammad Hossein Nabavi, Somayeh Hajforoosh . Nash Equilibrium in Competitive Electricity Market Considering Congestion. International Journal of Computer Applications. 93, 19 ( May 2014), 41-46. DOI=10.5120/16472-6216

@article{ 10.5120/16472-6216,
author = { Seyed Mohammad Hossein Nabavi, Somayeh Hajforoosh },
title = { Nash Equilibrium in Competitive Electricity Market Considering Congestion },
journal = { International Journal of Computer Applications },
issue_date = { May 2014 },
volume = { 93 },
number = { 19 },
month = { May },
year = { 2014 },
issn = { 0975-8887 },
pages = { 41-46 },
numpages = {9},
url = { https://ijcaonline.org/archives/volume93/number19/16472-6216/ },
doi = { 10.5120/16472-6216 },
publisher = {Foundation of Computer Science (FCS), NY, USA},
address = {New York, USA}
}
%0 Journal Article
%1 2024-02-06T22:16:18.406846+05:30
%A Seyed Mohammad Hossein Nabavi
%A Somayeh Hajforoosh
%T Nash Equilibrium in Competitive Electricity Market Considering Congestion
%J International Journal of Computer Applications
%@ 0975-8887
%V 93
%N 19
%P 41-46
%D 2014
%I Foundation of Computer Science (FCS), NY, USA
Abstract

Pricing has turned into a highly significant matter for suppliers and their customers since deregulation has been realized in the electrical industry and many countries have revised the structure of their electrical energy market by defining different competition levels in generation, transmission and distribution. In the current paper, a proposed algorithm based on games theory has been used for analyzing economic behavior of generators for pricing in an instantaneous electrical energy market. This algorithm is then applied on the studied system in two states without considering congestion, and considering congestion. Effect of congestion on players’ pricing strategy is discussed and emergence of market power is also demonstrated. The 9-bus IEEE system is used for illustrating features of the respective algorithm

References
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Index Terms

Computer Science
Information Sciences

Keywords

Pricing Nash Equilibrium Optimal Load Distribution Games Theory

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