"A Game-Theoretical Dynamic Model for Electricity Markets"
A. Kannan and V. M. Zavala
Preprint Version: [pdf]
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.