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Transmission augmentation in an oligopoly electricity market. : (Numerical Studies)

conference contribution
posted on 06.12.2017, 00:00 by Mohammad Hesamzadeh, Nasser Hosseinzadeh, Peter Wolfs
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 surplus 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 developedThree-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 second part of the paper.

History

Start Page

1

End Page

6

Number of Pages

6

Start Date

01/01/2008

ISBN-13

9780733427152

Location

Sydney, Australia

Publisher

IEEE

Place of Publication

Piscataway, NJ

Peer Reviewed

Yes

Open Access

No

External Author Affiliations

Faculty of Sciences, Engineering and Health; Swinburne University of Technology;

Era Eligible

Yes

Name of Conference

Australasian Universities Power Engineering Conference

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