The Case Studies on the application of incomplete information game in Deregulated Power Pools

불완비정보게임의 전력시장 적용 사례연구

This paper presents the result of survey and analysis on a theoretical approach to the application of incomplete information game in deregulated Power Pools. The deregulation power market arc modeled by the incomplete information game. The case where participants have incomplete information about the operation costs of other participants are highlighted. Pool participants define transactions to maximize their benefit in non-cooperative situation, the ISO defines transactions among participants by looking for minimum price that satisfies the demand in the Pool. The incomplete information game determines Nash equilibrium satisfied Pool participants and the ISO.