Comparisions of the congestion management methods by the equilibrium strategies in game theory

게임이론의 균형점 해석에 의한 혼잡처리 방식의 비교

The market participants make plans of bidding and transaction strategies to maximize their own profits in competitive electricity market. Also, It is concerned with transmission congestion in power market. Two methods are generally used for congestion management;nodal pricing and uplift. The participants will have different strategies for their profits in the two methods. This paper analyzes their equilibrium strategies by using the supply function model and congestion methods.