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 language | English |
|---|---|
| Journal | I E E E Transactions on Power Systems |
| Volume | 28 |
| Issue number | 3 |
| Pages (from-to) | 2623-2631 |
| Number of pages | 9 |
| ISSN | 0885-8950 |
| DOIs | |
| Publication status | Published - 2013 |
| Externally published | Yes |
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
Cite this
Kazempour, J., Conejo, A. J., & Ruiz, C. (2013). Generation Investment Equilibria With Strategic Producers-Part II: Case Studies. I E E E Transactions on Power Systems, 28(3), 2623-2631. https://doi.org/10.1109/TPWRS.2012.2235468