Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
6895176 | European Journal of Operational Research | 2018 | 17 Pages |
Abstract
We apply the solution approach to a stylized nodal power-market equilibrium problem with binary on-off decisions. This illustrative example shows that our approach yields an exact solution to the binary Nash game with compensation. We compare different implementations of actual market rules within our model, in particular constraints ensuring non-negative profits (no-loss rule) and restrictions on the compensation payments to non-dispatched generators. We discuss the resulting equilibria in terms of overall welfare, efficiency, and allocational equity.
Related Topics
Physical Sciences and Engineering
Computer Science
Computer Science (General)
Authors
Daniel Huppmann, Sauleh Siddiqui,