Nash-Cournot equilibrium of a deregulated electricity market using competitive coevolutionary algorithms

In this paper, a competitive coevolutionary approach is used to find out the Nash-Cournot equilibrium of an oligopolistic electricity market based on either centralized or bilateral structure, where the transmission constraints are considered. We consider a market game played by bounded evolutionary agents, adapting their strategies to maximize their profits in a competitive environment. Under the effect of the competition, the coevolved agents are led toward an equilibrium point where each agent population is invaded by an Evolutionary stable Strategy.