Electricity Market Nash-cournot Equilibrium Analysis with High Proportion of Gas-fired Generators. (May 2017)

• Record Type: Journal Article
• Authors: Chen, Gang; Lu, En; Zeng, Kaiwen; Dong, Chao; Hu, Shizhao; Guo, Hongye; Chen, Qixin
• Is Part Of: Energy procedia. Volume 105(2017)
• Page Start: 3282
• Page End: 3288
• Publication Date: 2017-05
• Subjects: Gas-fired units -- electricity market -- Nash-Cournot equilibrium; Power resources -- Congresses; Power resources -- Periodicals; Power resources; Conference proceedings; Periodicals; 333.7905
• DOI: 10.1016/j.egypro.2017.03.739
• Languages: English
• ISSNs: 1876-6102

Abstract

Abstract: With the increasing penetration of renewable energy in the power system and stricter restrictions on the air pollutants, more gas-fired generators have been accessed into the power system. To analyze the impacts of high proportion of gas-fired units on the power system, a liberalized electricity market Nash-Cournot equilibrium model has been proposed in this paper. Then a numerical example is given to present the influence of high proportion of gas-fired units on the energy price, demand and the accommodation of renewable energy in the market equilibrium. Comparisons between high and low proportion of gas-fired units in the power systems are also presented.