Linear complementarity models of Nash-Cournot competition in bilateral and POOLCO power markets.

Linear complementarity models of Nash-Cournot competition in bilateral and POOLCO power markets.

Two Cournot models of imperfect competition among electricity producers are formulated as mixed linear complementarity problems (LCPs), and a simple example is presented to illustrate their application. The two models simulate bilateral markets. The models include a congestion pricing scheme for tra...

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Bibliographic Details
Published in:IEEE Transactions on power systems 16, 2 (2001).
Main Author: Hobbs, B.E
Format: Article
Language:English
Subjects:
DC approximation.
Kirchhoff's laws.
Nash-Cournot competition.
POOLCO power markets.
Bilateral power markets.
Congestion pricing scheme.
Electricity producers.
Imperfect competition.
Linear complementarity models.
Mixed linear complementarity problems.
Transmission pricing.