Strategic Offering and Equilibrium in Coupled Gas and Electricity Markets

By Cheng Wang, Wei Wei, Jianhui Wang, Feng Liu, ShengWei Mei. IEEE Transactions on Power Systems, 2016

128 citations recorded by the source corpus.

The wide integration of gas-fired units and implementation of power-to-gas technologies bring increasing interdependence among the natural gas and electricity infrastructures. This paper studies the equilibrium of the coupled gas and electricity markets, which is driven by the strategic offering behaviors: each producer endeavours to maximize its own profit by taking the market clearing process into consideration. The market equilibrium can be obtained from an equilibrium problem with equilibrium constraints. A special diagonalization algorithm is devised, in which the unilateral equilibrium of the gas or electricity market is found in the inner loop given the rivals’ strategies; the interactions of the two markets are tackled in the outer loop. Case studies on two test systems validate the proposed methodology.

Subfields: Electrical and Electronic Engineering, Energy Engineering and Power Technology

View Paper: https://www.semanticscholar.org/paper/fc49ecdc9cdf6b9c685ca7c5b08e566780f201be

How researchers see this paper

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In Electrical and Electronic Engineering

1. Wei Wei
2. Linquan Bai
3. Jianhui Wang
4. Cheng Wang
5. Zhaoyu Wang

Citations in the corpus

• Convex Optimization Based Distributed Optimal Gas-Power Flow Calculation (2018, methodology): “Therefore, approximations and simiplifications in compressor modelling are quite common [12], [22], [23], [36], [37].”