Show simple item record

dc.contributor.authorHesamzadeh, M.
dc.contributor.authorBiggar, D.
dc.contributor.authorHosseinzadeh, N.
dc.contributor.authorWolfs, Peter
dc.contributor.editorIEEE
dc.date.accessioned2017-01-30T11:25:36Z
dc.date.available2017-01-30T11:25:36Z
dc.date.created2010-02-23T20:01:45Z
dc.date.issued2009
dc.identifier.citationHesamzadeh, Mohammad and Biggar, Darryl and Hosseinzadeh, Nasser and Wolfs, Peter. 2009. Derivation of a mathematical structure for market-based transmission augmentation in oligopoly electricity markets using multilevel programming, in IEEE (ed), Power and Energy Society Annual General Meeting, Jul 26 2009. Calgary Canada: IEEE.
dc.identifier.urihttp://hdl.handle.net/20.500.11937/11575
dc.description.abstract

In this paper, we derive and evaluate a new mathematical structure for market-based augmentation of the transmission system. The closed-form mathematical structure can capture both the efficiency benefit and competition benefit of the transmission capacity. The Nash solution concept is employed to model the price-quantity game among GenCos. The multiple Nash equilibria of the game are located through a characterisation of the problem in terms of minima of the R function. The worst Nash equilibrium is used in the mechanism of transmission augmentation. The worst Nash equilibrium is defined as the one which maximises the social cost, total generation cost + total value of lost load. Thorough analysis of a simple three-node network is presented to clearly highlight the mechanism of the derived mathematical structure from different perspectives.

dc.publisherIEEE
dc.subjectpricing
dc.subjectpower transmission economics
dc.subjectpower markets
dc.subjectgame theory
dc.titleDerivation of a mathematical structure for market-based transmission augmentation in oligopoly electricity markets using multilevel programming
dc.typeConference Paper
dcterms.source.issn1944-9925
dcterms.source.titlePower and Energy Society Annual General Meeting, 2009
dcterms.source.seriesPower and Energy Society Annual General Meeting, 2009
dcterms.source.conferencePower and Energy Society Annual General Meeting, 2009
dcterms.source.conference-start-dateJul 26 2009
dcterms.source.conferencelocationCalgary Canada
dcterms.source.placeCalagary Alberta
curtin.note

Copyright © 2009 IEEE This material is presented to ensure timely dissemination of scholarly and technical work. Copyright and all rights therein are retained by authors or by other copyright holders. All persons copying this information are expected to adhere to the terms and constraints invoked by each author's copyright. In most cases, these works may not be reposted without the explicit permission of the copyright holder.

curtin.accessStatusOpen access
curtin.facultyDepartment of Electrical and Computer Engineering
curtin.facultySchool of Engineering
curtin.facultyFaculty of Science and Engineering


Files in this item

Thumbnail

This item appears in the following Collection(s)

Show simple item record