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Behaviour of Market Players and Risk Assessment of Network Congestion in Electric Power Supply System

  • Junichi Toyoda
  • Kazuo Minazawa
  • Hiroshi Iwaita
Conference paper

Abstract

LMP based market model, good practice behaviour of market players and oligopoly effects of business equilibrium are discussed by using a simple N-identical-supplier-demand model. Risk assessment would be a key factor for operating the power system securely under the severe network situations.

Keywords

Marginal Cost Power Flow Demand Curve Market Equilibrium Network Congestion 
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References

  1. 1.
    J. Toyoda & Y. Yamada, Proceedings of ICEE2002, 2002: 112-116Google Scholar
  2. 2.
    A. Robert, General report, CIGRE/IEEE-PES Montreal symposium, 2003Google Scholar

Copyright information

© Springer-Verlag London 2004

Authors and Affiliations

  • Junichi Toyoda
    • 1
  • Kazuo Minazawa
    • 2
  • Hiroshi Iwaita
    • 2
  1. 1.Hachinohe Institute of TechnologyHachinoheJapan
  2. 2.Tohoku Electric Power CompanySendaiJapan

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