A coevolutionary approach to analyzing supply function equilibrium model

IEEE Transactions on Power Systems

Volumn 21, Issue 3, 2006, Pages 1019-1028

  Chen, H ^a   Wong, K P ^b   Chung, C Y ^b   Nguyen, D H M ^b  

^a XI'AN JIAOTONG UNIVERSITY   (China)

^b HONG KONG POLYTECHNIC UNIVERSITY   (Hong Kong)

Author keywords

Coevolutionary computation; Market simulation; Nash equilibrium; Supply function equilibrium (SFE)

Indexed keywords

COMPUTER SIMULATION; EVOLUTIONARY ALGORITHMS; MARKETING; MATHEMATICAL MODELS;

COEVOLUTIONARY COMPUTATION; ELECTRICITY MARKETS; MARKET SIMULATION; NASH EQUILIBRIUM; OLIGOPOLISTIC ELECTRICITY MARKET; SUPPLY FUNCTION EQUILIBRIUM MODEL;

ELECTRIC POWER SYSTEMS;

EID: 33747617576     PISSN: 08858950     EISSN: None     Source Type: Journal    
DOI: 10.1109/TPWRS.2006.879317     Document Type: Article

References (18)

1. R. Baldick, "Electricity market equilibrium models: The effect of parametrization," IEEE Trans. Power Syst., vol. 17, no. 4, pp. 1170-1176, Nov. 2002.
2. H. Chen, K. P. Wong, D. H. M. Nguyen, and C. Y. Chung, "Analyzing oligopoly electricity market using coevolutionary computation," IEEE Trans. Power Syst., vol. 21, no. 1, pp. 143-152, Feb. 2006.
3. P. D. Klemperer and M. A. Meyer, "Supply function equilibria in oligopoly under uncertainty," Econometrica, vol. 57, no. 6, pp. 1243-1277, Nov. 1989.
4. R. J. Green and D. M. Newbery, "Competition in the British electricity spot market," J. Polit. Econ., vol. 100, no. 5, pp. 929-953, Oct. 1992.
5. R. J. Green, "Increasing competition in the British electricity spot market," J. Ind. Econ., vol. 44, no. 2, pp. 205-216, Jun. 1996.
6. R. J. Green, "The electricity contract market in England and Wales," J. Ind. Econ., vol. 47, no. 1, pp. 107-124, Mar. 1999.
7. A. Rudkevich, M. Duckworth, and R. Rosen, "Modeling electricity pricing in a deregulated generation industry: The potential for oligopoly pricing in a Poolco," Energy J., vol. 19, no. 3, pp. 19-48, May 1998.
8. A. Rudkevich, Supply function equilibrium in power markets: Learning all the way, TCA Tech. Rep. 1299-1702, Dec. 1999.
9. R. Baldick and W. Hogan, Capacity Constrained Supply Function Equilibrium Models of Electricity Markets: Stability, Non-Decreasing Constraints, and Function Space Iterations, Univ. Calif. Energy Inst. [Online]. Available: http://www.ucei.berkeley.edu/PDF/pwp089.pdf, Dec. 2001
10. R. Baldick, R. Grant, and E. P. Kahn, Linear Supply Function Equilibrium: Generalizations, Application, and Limitations, Univ. Calif. Energy Inst. [Online]. Available: http://www.ucei.berkeley.edu/ucei/PDF/ pwp078.pdf, Aug. 2001
11. R. Baldick, R. Grant, and E. P. Kahn, "Theory and application of linear supply function equilibrium in electricity market," J. Regulat. Econ., vol. 25, no. 2, pp. 143-167, 2004.
12. B. Hobbs, C. Metzler, and J. S. Pang, "Strategic gaming analysis for electric power systems: An MPEC approach," IEEE Trans. Power Syst., vol. 15, no. 2, pp. 638-645, May 2000.
13. C. J. Day and B. F. Hobbs, "Oligopolistic competition in power networks: A conjectured supply function approach," IEEE Trans. Power Syst., vol. 17, no. 3, pp. 597-607, Aug. 2002.
14. C. J. Day and D. W. Bunn, "Divestiture of generation assets in the electricity pool of England and Wales: A computation approach to analyzing market power," J. Regulat. Econ., vol. 19, no. 2, pp. 123-141, 2001.
15. Y. S. Son and R. Baldick, "Hybrid coevolutionary programming for Nash equilibrium search in games with local optima," IEEE Trans. Evol. Comput., vol. 8, no. 4, pp. 305-315, Aug. 2004.
16. M. A. Potter and K. A. De Jong, "Cooperative Coevolution: An architecture for evolving coadapted subcomponents," Evol. Comput., vol. 8, no. 1, pp. 1-29, 2000.
17. R. P. Wiegand, "An analysis of cooperative coevolutionary algorithms," Ph.D. dissertation, George Mason Univ., Fairfax, VA, 2003.
18. H. Chen and X. Wang, "Cooperative coevolutionary algorithm for unit commitment," IEEE Trans. Power Syst., vol. 17, no. 1, pp. 128-133, Feb. 2002.