Generation Investment Equilibria With Strategic Producers-Part II: Case Studies

Jalal Kazempour, Antonio J. Conejo, Carlos Ruiz

Research output: Contribution to journalJournal articleResearchpeer-review

Abstract

This paper analyzes numerically the approach reported in the companion paper for identifying generation investment equilibria in an electricity market where the producers behave strategically. To this end, a two-node illustrative example and a large-scale case study based on the IEEE reliability test system (RTS) are examined and the results obtained are reported and discussed.
Original languageEnglish
JournalIEEE Transactions on Power Systems
Volume28
Issue number3
Pages (from-to)2623-2631
Number of pages9
ISSN0885-8950
DOIs
Publication statusPublished - 2013
Externally publishedYes

Keywords

  • Electrical and Electronic Engineering
  • Energy Engineering and Power Technology
  • Bilevel model
  • equilibrium problem with equilibrium constraints (EPEC)
  • generation investment equilibria
  • mathematical program with equilibrium constraints (MPEC)
  • strategic producer
  • Bi-level models
  • Equilibrium problem with equilibrium constraint (EPEC)
  • Generation investment
  • Mathematical program with equilibrium constraints
  • Electrical engineering
  • Energy resources
  • Investments
  • Production
  • Monopoly
  • Buildings
  • Power transmission lines
  • Computer aided software engineering
  • Security
  • ENGINEERING,
  • Power system management, operation and economics
  • Reliability
  • electricity supply industry
  • investment
  • power generation economics
  • power markets
  • power system reliability
  • electricity market
  • large-scale case study
  • IEEE reliability test system

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