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This paper proposes a new and practical model to achieve the electricity market equilibrium based on Linear Supply Function Equilibrium (LSFE) model. In the proposed model, the transmission constraint in addition to the generation constraint and the consumers bidding behavior are considered. The coevolutionary computational approach is proposed to solve the market equilibrium problem. Several cases...
This paper combines two previous techniques, reference independent LMP decomposition and fictitious nodal demand (FND), to achieve an improved LMP model. The combined model distributes system losses in each individual line such that there is no mismatch in every bus. Also, the reference independent LMP decomposition is still preserved..
This paper first briefly reviews the typical functionality and structure of market-based generation and transmission planning tools. Possible new functions are discussed to include bidding strategy models and system dynamics models. The former is used to reflect the behavior and the learning process of market participants and the latter represents an information feedback loop to account for long term...
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