A leader-followers model of transmission augmentation for considering strategic behaviours of generating companies in energy markets
This paper suggests an integrated mathematical framework developed based on the leader-followers game for augmentation of transmission networks. Transmission Network Service Provider moves first and designs the horizon year transmission system. Generating Companies compete for having the highest sha...
| Main Authors: | , , |
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| Format: | Journal Article |
| Published: |
Elsevier
2009
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| Online Access: | http://hdl.handle.net/20.500.11937/47923 |
| _version_ | 1848757968048226304 |
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| author | Hesamzadeh, M. Hosseinzadeh, N. Wolfs, Peter |
| author_facet | Hesamzadeh, M. Hosseinzadeh, N. Wolfs, Peter |
| author_sort | Hesamzadeh, M. |
| building | Curtin Institutional Repository |
| collection | Online Access |
| description | This paper suggests an integrated mathematical framework developed based on the leader-followers game for augmentation of transmission networks. Transmission Network Service Provider moves first and designs the horizon year transmission system. Generating Companies compete for having the highest share from the energy market and they find their equilibrium point using the Nash equilibrium concept. Finally, Market Management Company receives the planning schedule of transmission system and the energy offer prices and clears the market. In addition to the exact mathematical modelling of the interested players of transmission planning problem, the methodology can design the future transmission system not only for improving the system social welfare but also for encouraging competition among horizon year generating companies. |
| first_indexed | 2025-11-14T09:36:31Z |
| format | Journal Article |
| id | curtin-20.500.11937-47923 |
| institution | Curtin University Malaysia |
| institution_category | Local University |
| last_indexed | 2025-11-14T09:36:31Z |
| publishDate | 2009 |
| publisher | Elsevier |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | curtin-20.500.11937-479232017-09-13T15:59:12Z A leader-followers model of transmission augmentation for considering strategic behaviours of generating companies in energy markets Hesamzadeh, M. Hosseinzadeh, N. Wolfs, Peter Strategic GenCos Transmission augmentation Leader-followers game This paper suggests an integrated mathematical framework developed based on the leader-followers game for augmentation of transmission networks. Transmission Network Service Provider moves first and designs the horizon year transmission system. Generating Companies compete for having the highest share from the energy market and they find their equilibrium point using the Nash equilibrium concept. Finally, Market Management Company receives the planning schedule of transmission system and the energy offer prices and clears the market. In addition to the exact mathematical modelling of the interested players of transmission planning problem, the methodology can design the future transmission system not only for improving the system social welfare but also for encouraging competition among horizon year generating companies. 2009 Journal Article http://hdl.handle.net/20.500.11937/47923 10.1016/j.ijepes.2009.11.008 Elsevier restricted |
| spellingShingle | Strategic GenCos Transmission augmentation Leader-followers game Hesamzadeh, M. Hosseinzadeh, N. Wolfs, Peter A leader-followers model of transmission augmentation for considering strategic behaviours of generating companies in energy markets |
| title | A leader-followers model of transmission augmentation for considering strategic behaviours of generating companies in energy markets |
| title_full | A leader-followers model of transmission augmentation for considering strategic behaviours of generating companies in energy markets |
| title_fullStr | A leader-followers model of transmission augmentation for considering strategic behaviours of generating companies in energy markets |
| title_full_unstemmed | A leader-followers model of transmission augmentation for considering strategic behaviours of generating companies in energy markets |
| title_short | A leader-followers model of transmission augmentation for considering strategic behaviours of generating companies in energy markets |
| title_sort | leader-followers model of transmission augmentation for considering strategic behaviours of generating companies in energy markets |
| topic | Strategic GenCos Transmission augmentation Leader-followers game |
| url | http://hdl.handle.net/20.500.11937/47923 |