Nash Equilibrium in Competitive Electricity Market Considering Congestion

  title={Nash Equilibrium in Competitive Electricity Market Considering Congestion},
  author={Seyed Hossein Nabavi and Somayeh Hajforoosh},
Pricing has turned into a highly significant matter for suppliers and their customers since deregulation has been realized in the electrical industry and many countries have revised the structure of their electrical energy market by defining different competition levels in generation, transmission and distribution. In the current paper, a proposed algorithm based on games theory has been used for analyzing economic behavior of generators for pricing in an instantaneous electrical energy market… CONTINUE READING


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