Evaluation of Regulatory Impacts on Dynamic Behavior of Investments in Electricity Markets: A New Hybrid DP/GAME Framework

被引：32

作者：

Barforoushi, Taghi ^{[1
]}

Moghaddam, Mohsen P. ^{[1
]}

Javidi, M. Hossein ^{[2
]}

Sheikh-El-Eslami, Mohammad K. ^{[1
]}

机构：

[1] Tarbiat Modares Univ, Dept Elect Engn, Tehran, Iran

[2] Ferdowsi Univ Mashhad, Dept Elect Engn, Mashhad, Iran

来源：

IEEE TRANSACTIONS ON POWER SYSTEMS | 2010年 / 25卷 / 04期

关键词：

Electricity markets; game theory; generation expansion planning; investment dynamics; stochastic dynamic programming; POWER-GENERATION; GAME-THEORY; MODEL;

D O I：

10.1109/TPWRS.2010.2049034

中图分类号：

TM [电工技术]; TN [电子技术、通信技术];

学科分类号：

0808 ; 0809 ;

摘要：

A new hybrid framework based on game theory and dynamic programming (DP) with random demands and prices is proposed for studying the impacts of regulatory interventions on the dynamics of investment in power generation in electricity markets. In our approach, using Markov chains, the electric demand and growth of fuel prices have been modeled. DP has been used for solving the generation expansion planning (GEP) problem. Investment strategies of other investors in the market are modeled as constraints. The income of the investor is calculated by modeling strategic interactions among market players in the spot energy market. The Cournot game concept has been applied and the Nash equilibrium is calculated for each state and stage of DP. Simulation results confirm that the proposed framework is an appropriate decision-support tool that provides useful information about dynamics of investment.

引用

页码：1978 / 1986

页数：9

共 27 条

[1]

[Anonymous], 2013, Power generation, operation, and control

[2]

BEHRANG M, P 2008 IEEE PES T D

[3] Optimal investments in power generation under centralized and decentralized decision making [J].

Botterud, A ;

Ilic, MD ;

Wangensteen, I .

IEEE TRANSACTIONS ON POWER SYSTEMS, 2005, 20 (01) :254-263

[4]

CENTENO E, P 2003 IEEE POW TECH, V1

[5] A game-theoretic model for generation expansion planning: Problem formulation and numerical comparisons [J].

Chuang, AS ;

Wu, F ;

Varaiya, P .

IEEE TRANSACTIONS ON POWER SYSTEMS, 2001, 16 (04) :885-891

[6] An empirical study of applied game theory: Transmission constrained Cournot behavior [J].

Cunningham, LB ;

Baldick, R ;

Baughman, ML .

IEEE TRANSACTIONS ON POWER SYSTEMS, 2002, 17 (01) :166-172

[7] From planning to strategy in the electricity industry [J].

Dyner, I ;

Larsen, ER .

ENERGY POLICY, 2001, 29 (13) :1145-1154

[8]

GNANSOUNOU E, P 2004 IEEE POW SYST, V3, P1306

[9]

Gonen T., 1988, Modern Power System Analysis

[10] The IEEE reliability test system - 1996 [J].

Grigg, C ;

Wong, P ;

Albrecht, P ;

Allan, R ;

Bhavaraju, M ;

Billinton, R ;

Chen, Q ;

Fong, C ;

Haddad, S ;

Kuruganty, S ;

Li, W ;

Mukerji, R ;

Patton, D ;

Rau, N ;

Reppen, D ;

Schneider, A ;

Shahidehpour, M ;

Singh, C .

IEEE TRANSACTIONS ON POWER SYSTEMS, 1999, 14 (03) :1010-1018

← 1 2 3 →