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Water value in competitive markets: dynamic programming and game theory

J. Barquín, J. García-González, J. Román

6th International Conference on Probabilistic Methods Applied to Power Systems - PMAPS 2000, Funchal (Portugal). 25-28 septiembre 2000


Resumen:

This article introduces a new framework for the computation of the water value in competitive market systems. This framework is based on the assumption that oligopolistic utitlities behave as profit maximizing players, being their equilibrium strategies the Nash equilibrium. From a computational point of view, the proposed methodology resembles the well know dynamic programming algorithms. A small example is also presented.


Palabras clave: Power systems operation, profit maximization, medium-term hydrothermal scheduling, game theory


Fecha de publicación: 25-sep-2000


Cita:
J. Barquín, J. García-González, J. Román, "Water value in competitive markets: dynamic programming and game theory", presentado en 6th International Conference on Probabilistic Methods Applied to Power Systems - PMAPS 2000, Funchal, Portugal, 25-28 septiembre 2000

    Grupos de investigación:
  • Instituto de Investigación Tecnológica (IIT)

IIT-00-107A

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