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    A leader-followers model of transmission augmentation for considering strategic behaviours of generating companies in energy markets

    Access Status
    Fulltext not available
    Authors
    Hesamzadeh, M.
    Hosseinzadeh, N.
    Wolfs, Peter
    Date
    2009
    Type
    Journal Article
    
    Metadata
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    Citation
    Hesamzadeh, Mohammad and Hosseinzadeh, Nasser and Wolfs, Peter. 2009. A leader-followers model of transmission augmentation for considering strategic behaviours of generating companies in energy markets. International Journal of Electrical Power and Energy Systems. 32 (5): pp.358-367.
    Source Title
    International Journal of Electrical Power and Energy Systems
    DOI
    10.1016/j.ijepes.2009.11.008
    ISSN
    01420615
    Faculty
    Department of Electrical and Computer Engineering
    School of Engineering
    Faculty of Science and Engineering
    Remarks

    The link to the journal’s home page is: http://www.elsevier.com/wps/find/journaldescription.cws_home/30432/description#description. Copyright © 2009 Elsevier B.V. All rights reserved

    URI
    http://hdl.handle.net/20.500.11937/47923
    Collection
    • Curtin Research Publications
    Abstract

    This paper suggests an integrated mathematical framework developed based on the leader-followers game for augmentation of transmission networks. Transmission Network Service Provider moves first and designs the horizon year transmission system. Generating Companies compete for having the highest share from the energy market and they find their equilibrium point using the Nash equilibrium concept. Finally, Market Management Company receives the planning schedule of transmission system and the energy offer prices and clears the market. In addition to the exact mathematical modelling of the interested players of transmission planning problem, the methodology can design the future transmission system not only for improving the system social welfare but also for encouraging competition among horizon year generating companies.

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