Abstract
Due to electrical power restructuring, a dramatic change has been made to the generation and transmission sectors of the power industry. Rules and legislation are continuously changing. To promote more competition, transmission has to be expanded or upgraded to remove congestion and market power. The cost allocation of new investment in transmission has to be recalculated. The socialization methods of the past have been shown to be unfair to some market and network participants. The decentralization of cost allocation must be considered. The proposed paper provides a comparison between traditional cost allocation methods and a new cost allocation method based on agent-based game theory. A multigenerator/bus system will be used to compare the cost allocation methods.
Recommended Citation
J. Mepokee et al., "Cost Allocation for Transmission Investment using Agent-Based Game Theory," Proceedings of the 2004 International Conference on Probabilistic Methods Applied to Power Systems, Institute of Electrical and Electronics Engineers (IEEE), Jan 2004.
Meeting Name
2004 International Conference on Probabilistic Methods Applied to Power Systems
Department(s)
Engineering Management and Systems Engineering
Second Department
Electrical and Computer Engineering
Keywords and Phrases
Agent-Based Game Theory; Cost Allocation; Costing; Game Theory; Generation Sectors; Investment; Multigenerator-Bus System; Power Generation Economics; Power Industry; Power Market; Power Markets; Power System Deregulation; Power Transmission Economics; Socialization Method; Transmission Investment; Transmission Sectors
Document Type
Article - Conference proceedings
Document Version
Final Version
File Type
text
Language(s)
English
Rights
© 2004 Institute of Electrical and Electronics Engineers (IEEE), All rights reserved.
Publication Date
01 Jan 2004
Included in
Electrical and Computer Engineering Commons, Operations Research, Systems Engineering and Industrial Engineering Commons
