1. Equilibria in an Oligopolistic Market With Wind Power Production.
- Author
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Kazempour, S. Jalal and Zareipour, Hamidreza
- Subjects
- *
BILEVEL programming , *THERMODYNAMIC control , *MATHEMATICAL programming , *STOCHASTIC programming , *WIND power - Abstract
This paper proposes an approach for analyzing the impacts of large-scale wind power integration on electricity market equilibria. A pool-based oligopolistic electricity market is considered including a day-ahead market and a number of real-time markets. Wind power is considered within the generation portfolio of the strategic producers, and the uncertainty of wind power production is modeled through a set of plausible scenarios. The strategic behavior of each producer is modeled through a stochastic bilevel model. The resulting nonlinear equilibrium problem with equilibrium constraints (EPEC) is linearized and then solved. Numerical results for a test case with increasing levels of the wind power penetration is provided. [ABSTRACT FROM AUTHOR]
- Published
- 2014
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