Pricing power system stabilisers using game theory
نویسنده
چکیده
A method to quantify the individual contribution of power system stabilisers (PSSs) to enhance system performance is proposed. Enhancement in system performance from PSS is measured through increased system transfer capability and the margin of stability thus achieved, and considering an N 1 contingency criterion. The method is based on cooperative game theory and makes use of the Shapley value concept, pinpointing the importance of a particular PSS to the system performance in all possible combinations in which it can operate. Based on this quantification of the contribution of a PSS, a feasible financial compensation mechanism to pay generators for the services rendered is proposed and illustrated using a sample system. It is argued that, within a deregulated environment, it would be appropriate that generators having an online and optimally tuned PSS be regarded as PSS-control ancillary service providers.
منابع مشابه
Coordinating Pricing and Ordering Decisions in a Multi-Echelon Pharmacological Supply Chain under Different Market Power using Game Theory
The importance of supply chains in pharmacological industry is remarkable so that nowadays many pharmacological supply chains have an effective and critical role for supplying and distributing drugs in health area. So, this study studies a three-echelon pharmacological supply chain contained multi-distributor of raw materials, a pharmaceutical factory, and multi-drug distributors companies such...
متن کاملOptimized Pricing Decisions In a Multi-Level Supply Chain With Various Power and Channel Structures: A Game-Theoretic Approach
This article studies the optimization of pricing decisions in a supply chain with different channels under different power structure. Three different channel will be considered here; these include: the decentralized, the semi-integrated, and the integrated channel. There are two types of power balance structures for both the decentralized and the semi-integrated channels. The first type is a le...
متن کاملAnalysis of implementation of Tradable Green Certificates system in a competitive electricity market: a game theory approach
This paper investigates three models to implement Tradable Green Certificates (TGC) system with aid of game theory approach. In particular, the competition between thermal and renewable power plants is formulated in three models: namely cooperative, Nash and Stackelberg game models. The price of TGC is assumed to be determined by the legislative body (government) which is fixed. Numerical examp...
متن کاملMarket power influential approach using game theory in a two competing supply chains with multi-echelons under centralized/decentralized environments
This paper is considering the competition between two multi-echelon supply-chains on price and service under balance and imbalance of market power between the chains which are analyzing through Nash and Stackelberg game approach. The problem is categorized as the centralized or decentralized structure of each chain, which means a few different possible scenarios are developing based on the Nash...
متن کاملA Model for Cooperative Advertising and Pricing Decisions in Manufacturer-Retailer Supply Chain with Discount: A Game Theory Approach
Coordinating the supply chain is among the most important subjects that is extensively addressed in the related literature. If a supply chain is to be coordinated, it is equivalent to say that we must solve a problem related to competition and cooperation. The game theory is obviously one of the most effective methods to solve such problems, in which the players of the supply chain are assumed ...
متن کامل