| Title |
Analysis of the Influence of Transmission Capacity on the Electricity Market Equilibrium |
| Keywords |
Electricity Market ; Nash Equilibrium ; Transmission Congestion |
| Abstract |
Nash equilibrium is usually used to investigate a generator’s strategic bidding in electricity markets. Some literatures show that the transmission constraints may induce no pure strategy equilibrium and make it hard to find the equilibrium. Using an analytical approach to find a mixed strategy Nash equilibrium in electricity market with transmission constraints, we analyze the influence of transmission capacity on the mixed strategy Nash equilibrium. Finally, a simple numerical example is provided to support the claims of this paper. |