Cart (Loading....) | Create Account
Close category search window

Natural dynamic equilibrium and multiple equilibria of competitive power 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 $31
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

2 Author(s)
Nguyen, D.H.M. ; Dept. of Electr. & Electron. Eng., Western Australia Univ., Nedlands, WA, Australia ; Wong, K.P.

This paper presents a new solution method for the Cournot game equilibrium analysis. The new method allows arbitrary differentiable cost and demand characteristics to be implemented. The solution does not rely on conjectures about market participants' behaviour. The approach taken transforms the search for the Cournot game equilibrium to a problem of under-constrained, multivariate nonlinear optimisation. Genetic algorithm techniques were adapted to numerically solve the optimisation for various power markets. Single-consumer power markets are examined and discussed. A new exponential-integral demand function capable of realistically modelling volume-specific inelastic demand is presented. Methods of applying the new approach to assess current market operations and future restructuring options are presented

Published in:

Generation, Transmission and Distribution, IEE Proceedings-  (Volume:149 ,  Issue: 2 )

Date of Publication:

Mar 2002

Need Help?

IEEE Advancing Technology for Humanity 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 2014 IEEE - All rights reserved. Use of this web site signifies your agreement to the terms and conditions.