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Power Systems Operation

  • Mohammad Kiani-Moghaddam
  • Mojtaba Shivaie
  • Philip D. Weinsier
Chapter
Part of the Power Systems book series (POWSYS)

Abstract

The second part of the book starts with Chap.  5, which is devoted to an innovative, two-level computational-logical framework for a bilateral bidding mechanism within a competitive security-constrained electricity market. In this chapter, a comprehensive survey related to game theory is meticulously presented. Subsequently, the authors describe the formulation of a two-level computational-logical framework, including its mathematical model of first and second levels. In the first level, the generation and distribution companies maximize their profits. In the second level, however, the independent system operator clears the competitive security-constrained electricity market by considering additional objectives containing CO2, SO2, and NOx emissions.

Keywords

Bilateral bidding mechanism Competitive security-constrained electricity market Independent system operator Two-level computational-logical framework 

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Copyright information

© Springer Nature Switzerland AG 2019

Authors and Affiliations

  • Mohammad Kiani-Moghaddam
    • 1
  • Mojtaba Shivaie
    • 2
  • Philip D. Weinsier
    • 3
  1. 1.Department of Electrical EngineeringShahid Beheshti UniversityTehranIran
  2. 2.Faculty of Electrical Engineering and RoboticShahrood University of TechnologyShahroodIran
  3. 3.Department of Applied Electrical EngineeringBowling Green State University FirelandsHuronUSA

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