Game theoretical multi-agent modelling of coalition formation for multilateral trades

Journal Article · Sun Aug 01 04:00:00 EDT 1999 · IEEE Transactions on Power Systems

DOI:https://doi.org/10.1109/59.780905· OSTI ID:678012

Yeung, C S.K.; Poon, A S.Y.; Wu, F F ^[1]

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1. Univ. of Hong Kong (Hong Kong). Dept. of Electrical Engineering

In recent years, the electric utility industries world wide have been undergoing deregulation to introduce competitiveness in the generation, transmission , and distribution of electric power. The once centralized system planning and operation management must be remodelled to adapt to the new market structure. In particular, the trading mechanism needs to be totally revised as any party may get involved in this free-market, subject to the unavoidable constraints such as generation volumes, physical transmission means, and days-ahead scheduling. This paper presents a multi-agent model in conjunction with game theory to resolve the coalition formation for multilateral trades. The authors have implemented the model using the Java programming language and the JATLite/JAT0.3 agent development tools developed by Stanford University.

• OSTI ID: 678012
• Journal Information: IEEE Transactions on Power Systems, Journal Name: IEEE Transactions on Power Systems Journal Issue: 3 Vol. 14; ISSN 0885-8950; ISSN ITPSEG
• Country of Publication: United States
• Language: English

Related Subjects

29 ENERGY PLANNING, POLICY, AND ECONOMY
MATHEMATICAL MODELS
PLANNING
POWER GENERATION
POWER TRANSMISSION
PRODUCTION