Market power assessment and mitigation in hydrothermal systems.

Market power assessment and mitigation in hydrothermal systems.

The objective of this work is to investigate market power issues in bid-based hydrothermal scheduling. Initially, market power is simulated with a single stage Nash-Cournot equilibrium model. Market power assessment for multiple stages is then carried through a stochastic dynamic programming scheme....

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Pubblicato in:IEEE Transactions on power systems 16, 3 (2001).
Autore principale: Kelman, R.
Natura: Articolo
Lingua:English
Soggetti:
Brazilian power system.
Bid-based hydrothermal scheduling.
Bilateral contracts.
Game theory.
Hydrothermal systems.
Market power assessment.
Market power mitigation.
Multi-agent game.
Power generation economics.
Single stage Nash-Cournot equilibrium model.
Stochastic dynamic programming.