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

Fast Computation of Pure Strategy Nash Equilibria in Electricity Markets Cleared by Merit Order

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

2 Author(s)
Hasan, E. ; Dept. of Electr. & Comput. Eng., McGill Univ., Montreal, QC, Canada ; Galiana, F.D.

We consider an electricity market cleared by merit- order in which generating companies (Gencos) own any number of units and submit offers consisting of multiple blocks of finite generating capacity and constant incremental cost (IC). It has been shown that if the IC block offers can vary continuously, the market outcomes supported by pure strategy Nash equilibria (NE) are fewer than or equal to the number of Gencos and can all be computed through a mixed-integer linear programming (MILP) scheme. Knowledge of these NE then serves to study how an oligopolistic market of this type behaves under a variety of demand and market power conditions.

Published in:

Power Systems, IEEE Transactions on  (Volume:25 ,  Issue: 2 )

Date of Publication:

May 2010

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.