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Transmission analysis by Nash game method

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4 Author(s)
Bai, X. ; Dept. of Electr. & Comput. Eng., Illinois Inst. of Technol., Chicago, IL, USA ; Shahidehpour, S.M. ; Ramesh, V.C. ; Erkeng Yu

This paper describes an open access transmission method for maximizing profits in a power system. The proposed method is based on the Nash bargaining game for power flow analysis in which each transaction and its optimal price are determined to optimize the interests of individual parties. Transmission losses are considered by the proposed method, and test cases and results are discussed to present the merits of the proposed method

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Power Systems, IEEE Transactions on  (Volume:12 ,  Issue: 3 )