The Transactions of The Korean Institute of Electrical Engineers (전기학회논문지)

The Korean Institute of Electrical Engineers (대한전기학회)
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Modeling of Demand Side Bidding in Demand Resource Market using Game Theory

수요자원시장의 입찰경쟁 모형화 및 게임 이론적 해석

  • 이광호 (단국대 전자전기공학부) ;
  • 조성위 (단국대 전자전기공학과)
  • Received : 2010.07.29
  • Accepted : 2010.10.03
  • Published : 2010.12.01
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Abstract

Market price and curtailment amounts of the Demand Resource Market(DRM) are determined by competition between electricity consumers. An important aspect of the DRM involves the assessment of strategic behavior of participants for maximizing their profits. This paper presents economic equilibrium models for simulating imperfect competition among electricity consumers in the DRM and analyzes the models at Nash Equilibrium of Game Theory. The proposed demand functions and supply functions of DRM are based on the Demand Resource Market Rules in Korean electricity market. Simulation results show that the models are adequate for obtaining Nash Equilibrium of consumers' competitive curtailment.

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References

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