Game-theory-based generation maintenance scheduling in electricity markets

  title={Game-theory-based generation maintenance scheduling in electricity markets},
  author={Catherine G Min and Myung Kyun Kim and Jin Kyung Park and Yong Tae Yoon},
This paper presents a novel approach to the (generation maintenance scheduling) GMS problem in electricity markets. The main contribution of this study is the modeling of a coordination procedure for an (independent system operator) ISO, based on a game-theoretic framework for the GMS problem. The GMS process of generation companies (Gencos) is designed as a non-cooperative dynamic game, and the Gencos’ optimal strategy profile is determined by the Nash equilibrium of the game. The coordination… CONTINUE READING