Generation and Transmission Expansion Planning Based on Game Theory in Power Engineering

Abstract

The unbundling of power generation and transmission in the restructured power system makes the coordinated planning of power generation and transmission a new challenge for both generation and transmission enterprises. In this paper, a single-stage deterministic model is proposed to study the interaction of strategies between both enterprises, based on the game analysis of generation and transmission planning. Then, Cournot model is used to simulate the expansion strategies of generation and transmission enterprises. The equilibrium is obtained by using the Mixed Complementarity Problem approach. In addition, the proposed model is applied to a three-bus system, which verifies the feasibility of this model.