Evolutionary computation techniques for power market equilibrium determination

K. P. Wong, C. Y. Chung

Research output: Chapter in book / Conference proceedingConference article published in proceeding or bookAcademic researchpeer-review

2 Citations (Scopus)

Abstract

This paper reviews the application of some evolutionary computation techniques for power market equilibrium determination. Competitive power markets are formulated as a Cournot game. Genetic algorithm and coevolutionary computation techniques are adapted to numerically solve the optimization problem of finding the market equilibrium. Numerical example shows that the evolutionary computation approach is effective and it provides a powerful means for electricity market analysis.

Original languageEnglish
Title of host publication2006 IEEE Power Engineering Society General Meeting, PES
PublisherIEEE Computer Society
ISBN (Print)1424404932, 9781424404933
DOIs
Publication statusPublished - 2006
Event2006 IEEE Power Engineering Society General Meeting, PES - Montreal, QC, Canada
Duration: 18 Jun 200622 Jun 2006

Publication series

Name2006 IEEE Power Engineering Society General Meeting, PES

Conference

Conference2006 IEEE Power Engineering Society General Meeting, PES
Country/TerritoryCanada
CityMontreal, QC
Period18/06/0622/06/06

Keywords

  • Cournot game
  • Equilibrium
  • Genetic algorithm
  • Power market

ASJC Scopus subject areas

  • Electrical and Electronic Engineering

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