A Game-Theoretical Dynamic Model for Electricity Markets

TitleA Game-Theoretical Dynamic Model for Electricity Markets
Publication TypeJournal Article
Year of Publication2010
AuthorsZavala, VM, Kannan, A
Date Published10/2010
Other NumbersANL/MCS-P1792-1010
Abstract

We present a game-theoretical framework that merges electricity market models and model predictive control concepts. We demonstrate that the framework can be used to systematically analyze the effects of ramp constraints, initial conditions, dynamic disturbances, forecast horizon, and bidding frequency on the price signals. We illustrate the capabilities of the framework using a numerical case study.

PDFhttp://www.mcs.anl.gov/papers/P1792A.pdf