Transmission expansion investment: Cooperative or non-cooperative game?
link https://doi.org/10.1109/PES.2010.5589694account_box Molina Castro, Juan Davidaccount_box Rudnick Van de Wyngard, Hugh
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The debate on which is the best incentive for transmission expansion is still active. Discussions center on economic mechanisms based on game theory to expand transmission. There is a mix of experiences and they vary in function of the level of interaction of market agents. Identifying the agents' strategies will allow a better understanding of the market's dynamics. This article assesses regulatory incentives based on the market for transmission expansion. Game theory fundamentals are developed, namely, the cooperative and non-cooperative games. Four base cases of a bi-nodal model were implemented. It is claimed that given the individual interests (egotistical) and grid characteristics (non-stored energy, circulating flows and variables), the transmission expansion fits better to a non-cooperative model. An alternative analysis is the design of Bayesian mechanisms.
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| Autor | Molina Castro, Juan David Rudnick Van de Wyngard, Hugh |
| Título | Transmission expansion investment: Cooperative or non-cooperative game? |
| ISSN | 1944-9925 |
| ISBN | 978-1424465514 |
| Fecha de publicación | 2010 |
| Resumen | The debate on which is the best incentive for transmission expansion is still active. Discussions center on economic mechanisms based on game theory to expand transmission. There is a mix of experiences and they vary in function of the level of interaction of market agents. Identifying the agents' strategies will allow a better understanding of the market's dynamics. This article assesses regulatory incentives based on the market for transmission expansion. Game theory fundamentals are developed, namely, the cooperative and non-cooperative games. Four base cases of a bi-nodal model were implemented. It is claimed that given the individual interests (egotistical) and grid characteristics (non-stored energy, circulating flows and variables), the transmission expansion fits better to a non-cooperative model. An alternative analysis is the design of Bayesian mechanisms. |
| Derechos | acceso restringido |
| DOI | 10.1109/PES.2010.5589694 |
| Editorial | IEEE |
| Enlace | https://doi.org/10.1109/PES.2010.5589694 https://ieeexplore.ieee.org/stamp/stamp.jsp?arnumber=5589694 |
| Palabra clave | Games Biological system modeling Generators Economics Game theory Mathematical model Investments |
| Publicado en / Colección | IEEE PES General Meeting (2010 : Minneapolis, MN, Estados Unidos) |
| Tipo de documento | comunicación de congreso |