Scheduled System Maintenance:
On Monday, April 27th, IEEE Xplore will undergo scheduled maintenance from 1:00 PM - 3:00 PM ET (17:00 - 19:00 UTC). No interruption in service is anticipated.
By Topic

A continuous strategy game for power transactions analysis in competitive electricity markets

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

5 Author(s)
Jong-Bae Park ; Dept. of Electr. Eng., Konkuk Univ., Seoul, South Korea ; Jin-Ho Kim ; Jin-Ho Kim ; Man-Ho Jung
more authors

This paper presents a game theory application for analyzing power transactions in a deregulated energy marketplace such as PoolCo, where participants, especially, generating entities, maximize their net profits through optimal bidding strategies (i.e., bidding prices and bidding generations). In this paper, the electricity market for power transactions is modeled as a noncooperative game with complete information, where the solution is determined in a continuous strategy domain having recourse to the Nash equilibrium idea. In order to provide more apprehensible analysis, we suggest a new hybrid solution approach employing a 2-dimensional graphical approach as well as an analytical method. Finally, the proposed approach is demonstrated on a sample power system

Published in:

Power Systems, IEEE Transactions on  (Volume:16 ,  Issue: 4 )