Derivation of a mathematical structure for market-based transmission augmentation in oligopoly electricity markets using multilevel programming

Derivation of a mathematical structure for market-based transmission augmentation in oligopoly electricity markets using multilevel programming

In this paper, we derive and evaluate a new mathematical structure for market-based augmentation of the transmission system. The closed-form mathematical structure can capture both the efficiency benefit and competition benefit of the transmission capacity. The Nash solution concept is employed to m...

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Bibliographic Details
Main Authors: Hesamzadeh, M., Biggar, D., Hosseinzadeh, N., Wolfs, Peter
Other Authors: IEEE
Format: Conference Paper
Published: IEEE 2009
Subjects:
pricing
power transmission economics
power markets
game theory
Online Access:http://hdl.handle.net/20.500.11937/11575

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