LMP based market model, good practice behaviour of market players and oligopoly effects of business equilibrium are discussed by using a simple N-identical-supplier-demand model. Risk assessment would be a key factor for operating the power system securely under the severe network situations.
CITATION STYLE
Toyoda, J., Minazawa, K., & Iwaita, H. (2004). Behaviour of Market Players and Risk Assessment of Network Congestion in Electric Power Supply System. In Probabilistic Safety Assessment and Management (pp. 1339–1344). Springer London. https://doi.org/10.1007/978-0-85729-410-4_216
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