A game equilibrium model of a retail electricity market with high penetration of small and mid-size renewable suppliers |
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Authors: | Saeed Azad Ehsan Ghotbi |
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Affiliation: | Alfred University, 1 Saxon Dr, Alfred, NY, 14802, USA |
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Abstract: | Game theory has provided a practical tool to model players' strategic behavior in electricity markets, particularly as the world moves towards a more competitive market. A game theoretic approach can be used to find the clearing electricity price in a retail electricity market with a high penetration of small and mid-size renewable suppliers. |
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Keywords: | Game theory Electricity market Renewable integration Energy economics Smart grid |
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