A cooperative game theoretic framework is introduced to study the behavior of cooperating and competing electrical energy providers considering price-preference rational consumers. We analyze the interactions of generators in an idealized environment described by a DC load flow model where the...

We investigate the effects of system integration for reliability of supply in regional electricity systems along with cooperative measures to support it. Specifically, we set up a model to contrast the benefits from integration through statistical balancing (i.e., a positive externality) with...

Optimal power flow (OPF) problems are focussing on the question how a power transmission network can be operated in the most economic way. The general aim in such scenarios is to optimize generator scheduling in order to meet consumption re-quirements, transmission constraints and to minimize...

A cooperative game theoretic framework is introduced to study the behavior of cooperating and competing electrical energy providers considering price-preference rational consumers. We analyze the interactions of generators in an idealized environment described by a DC load flow model where the...

In this paper we model wholesale electricity markets as infinitely repeated games played under demand uncertainty. We examine the uniform-price auction, showing that symmetric bidding at the price cap constitutes the optimal collusive equilibrium under both perfectly inelastic demand and demand...

The users of electricity networks are organized into groups where the production and consumption of electricity is in balance. This paper studies the formation of these balancing groups using a cooperative game in partition function form defined over an ideal (lossless) DC load flow model of the...

In this paper, a cooperation model between a generating company and several marketers is presented. The model considers two cooperation schemes. The first finds the optimal decision for the generating company and the group of marketers in terms of maximization of their profits, based on bi-level...