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• W2014499058 abstract "The first of this two-paper series proposes a methodology to characterize generation investment equilibria in a pool-based network-constrained electricity market, where the producers behave strategically. To this end, the investment problem of each strategic producer is represented using a bilevel model, whose upper-level problem determines the optimal investment and the supply offering curves to maximize its profit, and whose several lower-level problems represent different market clearing scenarios. This model is transformed into a mathematical program with equilibrium constraint (MPEC) through replacing the lower-level problems by their optimality conditions. The joint consideration of all producer MPECs, one per producer, constitutes an equilibrium problem with equilibrium constraints (EPEC). To identify the solutions of this EPEC, each MPEC problem is replaced by its Karush-Kuhn-Tucker (KKT) conditions, which are in turn linearized. The resulting mixed-integer linear system of equalities and inequalities allows determining the EPEC equilibria through an auxiliary MILP problem." @default.
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• W2014499058 date "2013-08-01" @default.
• W2014499058 modified "2023-10-18" @default.
• W2014499058 title "Generation Investment Equilibria With Strategic Producers—Part I: Formulation" @default.
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• W2014499058 doi "https://doi.org/10.1109/tpwrs.2012.2235467" @default.
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