Using game theory for the electricity market

Mireille Bossy 1 Nadia Maïzi 2 Geert Jan Olsder 3 Odile Pourtallier 4 Etienne Tanré 1
1 OMEGA - Probabilistic numerical methods
CRISAM - Inria Sophia Antipolis - Méditerranée , UHP - Université Henri Poincaré - Nancy 1, Université Nancy 2, CNRS - Centre National de la Recherche Scientifique : UMR7502
4 COPRIN - Constraints solving, optimization and robust interval analysis
CRISAM - Inria Sophia Antipolis - Méditerranée , ENPC - École des Ponts ParisTech
Abstract : We consider a static game model to describe a spot electricity market in which $\calS$ suppliers offer electricity. Each supplier submit a price function to the market, to which the market reacts by fixing the quantities bought to each supplier. The objective of the market is to satisfy its fixed demand, whenever possible, at minimal price. We investigate two cases. In the first case, each of the suppliers strives to maximize its market share on the market; in the second case each supplier strives to maximize its profit. We also make some remarks when suppliers may bring electricity on several markets.
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https://hal.inria.fr/inria-00071255
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Submitted on : Tuesday, May 23, 2006 - 2:53:47 PM
Last modification on : Wednesday, September 11, 2019 - 11:12:08 AM
Long-term archiving on : Sunday, April 4, 2010 - 10:04:53 PM

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  • HAL Id : inria-00071255, version 1

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Mireille Bossy, Nadia Maïzi, Geert Jan Olsder, Odile Pourtallier, Etienne Tanré. Using game theory for the electricity market. [Research Report] RR-5274, INRIA. 2006. ⟨inria-00071255⟩

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