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23 September 2019 Application of Cooperation Game Theory in Reactive Power Market of Hydraulic—Power Plant
Liling Lin, Chaorong Huang, Linfeng Zhao
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Lin, L.; Huang, C., and Zhao, L., 2019. Application of cooperation game theory in reactive power market of hydraulic—power plant. In: Guido-Aldana, P.A. and Mulahasan, S. (eds.), Advances in Water Resources and Exploration. Journal of Coastal Research, Special Issue No. 93, pp. 578–581. Coconut Creek (Florida), ISSN 0749-0208.

According to the regional characteristics of reactive power market, based on cooperation games theory, the paper constructed reactive power cooperation game model of power factory. Shapley method was adopted to solve the cooperation games model. Example was used to analyze the profit assignment of the power factory in view of different conditions, including full-coalition, non-coalition and partly-coalition. The application of the examples can explain that Nash equilibrium exists in the quotation strategy of the power factory and the suppliers may conspire to control the price. Under the auction mechanism of the market clearance price, the power factory has the motion of pursuit for the high price. The market force of power factory is obvious especially in the peak of power demand.

©Coastal Education and Research Foundation, Inc. 2019
Liling Lin, Chaorong Huang, and Linfeng Zhao "Application of Cooperation Game Theory in Reactive Power Market of Hydraulic—Power Plant," Journal of Coastal Research 93(sp1), 578-581, (23 September 2019).
Received: 3 September 2018; Accepted: 20 March 2019; Published: 23 September 2019
cooperation game theory
hydraulic—power plant
Nash equilibrium
Reactive power market
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