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    Transmission Augmentation in an Oligopoly Electricity Market - Part I (Mathematical Formulation)

    135331_135331.pdf (469.7Kb)
    Access Status
    Open access
    Authors
    Hesamzadeh, M.
    Hosseinzadeh, N.
    Wolfs, Peter
    Date
    2008
    Type
    Conference Paper
    
    Metadata
    Show full item record
    Citation
    Hesamzadeh, M. and Hosseinzadeh, N. and Wolfs, Peter. 2008. Transmission Augmentation in an Oligopoly Electricity Market - Part I (Mathematical Formulation), in unknown (ed), Australasian Universities Power Engineering Conference AUPEC 2008, Dec 14 2009, pp. P-237-P-237. Sydney, Australia. IEEE.
    Source Title
    Australasian Universities Power Engineering Conference
    Source Conference
    Australasian Universities Power Engineering Conference AUPEC 2008
    ISBN
    9780733427152
    Faculty
    Department of Electrical and Computer Engineering
    School of Engineering
    Faculty of Science and Engineering
    Remarks

    Copyright © 2008 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.

    URI
    http://hdl.handle.net/20.500.11937/20340
    Collection
    • Curtin Research Publications
    Abstract

    This paper proposes a Three-Stage Model for transmission augmentation in restructured electricity markets. The mathematical formulation of the model is developed based on the game theory. Transmission Network Service Provider, TNSP, Generating Companies, GenCos, and Market Management Company, MMC, are placed in different stages of the model. These stages are linked to each other using the Leader-followers game and the concept of Nash equilibriums. An increase in transmission capacity can have two benefits for the electricity market; firstly, efficiency benefit in terms of improving the social welfare of the electricity industry, and, secondly, competition benefit which leads to increasing competition among generating companies. The introduced Three-Stage Model can capture both benefits of transmission projects in electricity markets. An effective numerical method is designed for solving the developed Three-Stage Model. A modified IEEE 14 example system is employed to show the effectiveness of the methodology. This paper has been organized in two parts. First part deals with the mathematical formulation of the algorithm and second part deals with the numerical studies. What follows is the first part of the paper.

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    • Transmission Augmentation in an Oligopoly Electricity Market - Part II (Numerical Studies)
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      This paper proposes a Three-Stage Model for transmission augmentation in restructured electricity markets. The mathematical formulation of the model is developed based on the game theory. Transmission Network Service ...
    • A Multi-Criteria Decision Framework for Optimal Augmentation of Transmission Grid - Addressing a Tool for Sensitive Zone Detection in Electricity Market
      Hesamzadeh, M.; Hosseinzadeh, N.; Wolfs, Peter (2008)
      Transmission system structure has an essential effect on the reliability of the power system and electricity market performance, especially when producers bid strategically. As part of on-going research on the design of ...
    • Sensitivity based procedures for short term augmentation of transmission system in restructured electricity market
      Hesamzadeh, Mohammad; Hosseinzadeh, N.; Wolfs, Peter (2008)
      Transmission network was recognized as natural monopoly and almost everywhere subject to some kind of regulation in a restructured electricity market. The role of the transmission system is to provide an indiscriminate ...
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