Improved Ant Colony Algorithm(ACA) and Game Theory for Economic Efficiency Evaluation of Electrical Power Market

Zhang, Ming; Luan, Fengkui; Zhang, Jing; Liu, Baohua; Zhang, Zhixiang

doi:10.1109/iccias.2006.294257

Cited by 4 publications

(2 citation statements)

References 6 publications

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“…According to (6), we can analyze the impact of congestion on nodal price. Under the influence of congestion, the nodal price deviates from the benchmark value which exists in perfect market.…”

Section: Prepare Your Paper Before Styling Indices For Evaluatinmentioning

confidence: 99%

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The Efficiency Evaluation of Electric Power Market Considering Transmission Congestion

Liu¹,

Zhang²,

Zhang³

2009

2009 Asia-Pacific Power and Energy Engineering Conference

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Abstract-In electricity market, the power transactions needs to be executed under strict physical and other constraints, such as transmission congestion which may lead to the decrease of market efficiency. In the paper, under considering transmission congestion, it establishes the model that reflects market transaction, including generator output and sale price. Then it gives index system which is used to evaluate market efficiency under congestion. Finally, it utilizes IEEE 30-bus test system to illustrate the application of proposed method. The numerical results show that the transmission congestion may reduce social welfare and bid up sale price. And based on optimal power flow model, it also provides an efficient way of relieving congested line.

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Section: Prepare Your Paper Before Styling Indices For Evaluatinmentioning

confidence: 99%

“…These literatures do not further the impact of these behaviors on market efficiency. In [6], it gave a method to evaluate the market efficiency. However, it did not consider the factor of transmission congestion.…”

Section: Introductionmentioning

confidence: 99%