Abstract-This paper presents a game theory application for analyzing power transactions in a deregulated energy marketplace such as PoolCo, where participants, especially, generating entities, maximize their net profits through optimal bidding strategies (i.e., bidding prices and bidding generations). In this paper, the electricity market for power transactions is modeled as a noncooperative game with complete information, where the solution is determined in a continuous strategy domain having recourse to the Nash equilibrium idea. In order to provide more apprehensible analysis, we suggest a new hybrid solution approach employing a 2-dimensional graphical approach as well as an analytical method. Finally, the proposed approach is demonstrated on a sample power system.
-This paper presents the use of sequential outage checkers to identify the potential cascading processes that might lead to large blackouts. In order to analyze cascading outages caused by a combination of thermal overloads, low voltages, and under-frequencies following an initial disturbance, sequential outage checkers are proposed. The proposed sequential outage checkers are verified using the AEP 9-bus system, New England 39-bus system, and IEEE 118-bus system.
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