New entries in the electricity market: Choosing the best location for a new generating unit

3rd International Conference on Deregulation and Restructuring and Power Technologies, DRPT 2008

Volumn , Issue , 2008, Pages 61-65

  Petoussis, A G ^a,b   Petoussis, S G ^c   Zhang, X P ^a,d   Godfrey, K R ^b  

^a IEEE

^b UNIVERSITY OF WARWICK   (United Kingdom)

^c Electricity Authority of Cyprus   (Cyprus)

^d UNIVERSITY OF BIRMINGHAM   (United Kingdom)

Author keywords

AC network modeling; Electricity market equilibrium; Market power; Power generation economics; Power system economics; Power system modeling; Profit; Supply function equilibrium

Indexed keywords

CHLORINE COMPOUNDS; DEREGULATION; ELECTRIC POWER SUPPLIES TO APPARATUS; INDUSTRIAL ECONOMICS; MARKETING; POWER GENERATION; TECHNOLOGY;

AC NETWORK MODELING; AC POWER; BIDDING STRATEGIES; ELECTRICAL ENERGY; ELECTRICITY MARKET EQUILIBRIUM; ELECTRICITY MARKET MODEL; ELECTRICITY MARKETS; ELECTRICITY SECTORS; GENERATING FIRMS; GENERATING UNITS; INTERNATIONAL CONFERENCES; LINEAR SUPPLY FUNCTION; MARKET EQUILIBRIUM; MARKET POWER; NODAL PRICING; POWER GENERATION ECONOMICS; POWER SYSTEM ECONOMICS; POWER SYSTEM MODELING; POWER TECHNOLOGIES; PROFIT; SOCIAL WELFARE; SUPPLY FUNCTION EQUILIBRIUM;

ELECTRIC GENERATORS;

EID: 49649092374     PISSN: None     EISSN: None     Source Type: Conference Proceeding    
DOI: 10.1109/DRPT.2008.4523380     Document Type: Conference Paper

References (13)

1. A. K. David and F. Wen, "Market power in electricity supply," IEEE Trans. Energy Convers., vol. 16, no. 4, pp. 352-360, Dec. 2001.
2. Z. Younes and M. Ilic, "Generation strategies for gaming transmission constraints: will the deregulated electric power market be an oligopoly?," Dec. Sup. Sys., 24, pp. 207-222, 1999.
3. C. A. Berry, B. F. Hobbs, W. A. Meroney, R. P. O'Neil and W. R. Stewart Jr, "Understanding how market power can arise in network competition: a game theoretic approach," Utilities Policy, vol. 8, pp. 139-158, Oct. 1999.
4. S. G. Petoussis, X.-P. Zhang, A. G. Petoussis and K. R. Godfrey, "The impact of reactive power on the electricity market equilibrium," Panel Session paper, Proceedings of IEEE PES Power System Conference & Exposition (PSCE), Atlanta, Georgia, USA, pp. 96-102, Nov. 2006.
5. A. G. Petoussis, S. G. Petoussis, X.-P. Zhang and K. R. Godfrey, "Market equilibrium in congested transmission networks with transformer tap-ratio control," Proceedings of IEEE PES Power Tech Conference 2007, Lausanne, Switzerland, paper no. 385, July 2007.
6. P. D. Klemperer, M. A. Meyer, "Supply function equilibria in oligopoly under uncertainty," Econometrica, vol. 57, no. 6, pp. 1243-1277, Nov. 1989.
7. R. J. Green, "Increasing competition in the British electricity spot market," The Journal of Industrial Econ., vol. 44, no. 2, pp. 205-216, June 1996.
8. A. V. Fiacco and G. P. McCormick, "Nonlinear programming: sequential unconstrained minimization techniques," John Wiley and Sons Inc., 1968.
9. H. W. Kuhn and A. W. Tucker, "Nonlinear programming," Proceedings of Second Berkeley Symposium, Berkeley, University of California Press, pp. 481-492, 1951.
10. D. I. Sun, B. Ashley, B. Brewer, A. Hughes and W.F. Tinney, "Optimal power flow by Newton approach," IEEE Trans. on Power Appar. Svst., vol. 103, no. 10, pp. 2864-2880, 1984.
11. S. G. Petoussis, X. P. Zhang and K. R. Godfrey, "Electricity market equilibrium analysis based on nonlinear interior point algorithm with complementarity constraints," IET Gener. Transm. Distrib., vol. 1, no. 4, pp. 603-612, July 2007.
12. S. G. Petoussis, A. G. Petoussis, X. P. Zhang and K. R. Godfrey, "Impact of the transformer tap-ratio control on the electricity market equilibrium," IEEE Trans. Power Sys., to appear.
13. http://www.ee.washington.edu/research/pstca/