Referenced Items are not available for this document.
As competition is introduced across the electric power industry around the world, market design for the industry is urgently needed to shape its future structure and performance. When generator companies compete with one another in a deregulated market, they may not be willing to share the information needed to perform an economic dispatch of the generation. Using game theory, this paper designs a new mechanism that achieves efficiency (economic dispatch) in spite of this information problem. In this mechanism, when each company acts in the best of its own interests, the outcome is efficient. The paper demonstrates the merits of the mechanism by simulations including the IEEE 14-bus case
Published in:
Power Systems, IEEE Transactions on
(Volume:16
,
Issue:
1
)
Date of Publication: Feb 2001
- Page(s):
- 1 - 8
- ISSN :
- 0885-8950
- INSPEC Accession Number:
- 6877580
- Digital Object Identifier :
- 10.1109/59.910774
- Product Type:
- Journals & Magazines
- Date of Current Version :
- 07 August 2002
- Issue Date :
- Feb 2001
- Sponsored by :
- IEEE Power & Energy Society
About IEEE Xplore | Contact | Help | Terms of Use | Nondiscrimination Policy | Site Map | Privacy & Opting Out of Cookies
A not-for-profit organization, IEEE is the world's largest professional association for the advancement of technology.
© Copyright 2013 IEEE - All rights reserved. Use of this web site signifies your agreement to the terms and conditions.
