Transmission embedded cost allocation in restructured environment: A game-theoretic approach

Rohit Bhakar, V. S. Sriram, N. P. Padhy, H. O. Gupta

Research output: Contribution to journalArticle

9 Citations (Scopus)

Abstract

The complex problem of network cost allocation prompts the development of stable network usage evaluation models that can handle the new market situations involving multiple players. Under the restructured environment, the embedded cost needs to be allocated to the loads as well as generators so as to provide a locational signal to both types of customers for optimal location. This article proposes game-theoretic models based on the Nucleolus and Shapley value approaches for cost allocation problems under the restructured environment. The obtained results are compared with those from the usually adopted methodologies to assert easy implementation of the proposed methodologies.

Original languageEnglish
Pages (from-to)970-981
Number of pages12
JournalElectric Power Components and Systems
Volume37
Issue number9
DOIs
Publication statusPublished - 1 Sep 2009

Keywords

  • Cooperative game theory
  • Cost allocation
  • Market restructuring
  • Power marketing
  • Pricing

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