By Topic

Dynamic Cournot game behavior of electric power providers in retail electricity market

Sign In

Cookies must be enabled to login.After enabling cookies , please use refresh or reload or ctrl+f5 on the browser for the login options.

Formats Non-Member Member
$31 $13
Learn how you can qualify for the best price for this item!
Become an IEEE Member or Subscribe to
IEEE Xplore for exclusive pricing!
close button

puzzle piece

IEEE membership options for an individual and IEEE Xplore subscriptions for an organization offer the most affordable access to essential journal articles, conference papers, standards, eBooks, and eLearning courses.

Learn more about:

IEEE membership

IEEE Xplore subscriptions

3 Author(s)
Hongming Yang ; Coll. of Electr. & Inf. Eng., Changsha Univ. of Sci. & Technol., China ; Renjun Zhou ; Jianbo Xin

In retail electricity market environment, it is important for electric power providers to analyze and master their characteristics of dynamic behavior. Recently, in the dynamic behavior study field, the dynamic modeling of electricity market and the stability condition of market equilibrium have been studied. However, in existed dynamic models, some assumptions out of accord with actual electricity market are made. In addition, the dynamic behaviors of electricity market are not analyzed when market does not have market equilibrium or is out of the stability region. Therefore, in order to more accurately model the behaviors of electric power providers, the dynamic Cournot game model is proposed in this paper. With the proposed model, the dynamic behaviors of electricity power providers are analyzed qualitatively and simulated numerically in different market parameters, in which the chaotic behaviors are focused when the market parameters are out of the stability region of the Nash equilibrium.

Published in:

Power Engineering Society General Meeting, 2005. IEEE

Date of Conference:

12-16 June 2005