Assessment of transmission outage Contingencies’ effects on bidding strategies of electricity suppliers
| Autor: | Mojgan Mollahassani-pour, Masoud Hasani Marzooni, Iman Taheri |
|---|---|
| Rok vydání: | 2020 |
| Předmět: |
Mathematical optimization
Linear programming business.industry Computer science 020209 energy 020208 electrical & electronic engineering Economic dispatch Energy Engineering and Power Technology 02 engineering and technology Bidding Profit (economics) 0202 electrical engineering electronic engineering information engineering Economic model Electricity Electrical and Electronic Engineering business Solution concept Game theory |
| Zdroj: | International Journal of Electrical Power & Energy Systems. 120:106053 |
| ISSN: | 0142-0615 |
| DOI: | 10.1016/j.ijepes.2020.106053 |
| Popis: | This paper presents a solution concept for quantifying effect of transmission outage contingencies on wholesale electricity markets. For this purpose, an equilibrium-based model is employed to investigate the optimal bidding strategies of contingency-constrained generation companies (GENCOs). All GENCOs submit their bids to the independent system operator (ISO) in economic model of supply function equilibrium (SFE). Economic behaviour of a GENCO is formulated as a bi-level programming (BLP) problem. In the upper level, the profit of intended GENCO is maximized and in the lower level, the ISO clears the market via solving a bid-based preventive contingency constrained economic dispatch (PCCED). A constraint-reduced Primal-Dual Interior Point Method (PDIPM) is proposed to determine the optimal solution of PCCED. To ease the computation burden, a novel Contingency Filtering (CF) technique is devised to filter out non-critical contingencies. It is shown that non-critical contingencies can be identified by solving series of Linear Programming (LP) problems. Also, the non-cooperative Game Theory (GT) is utilized to determine the equilibrium of oligopolistic competition of contingency-constrained GENCOs. Finally, effect of contingency constraints on the optimal bidding strategies of GENCOs is investigated through simulation studies. |
| Databáze: | OpenAIRE |
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