Journal article
Stochastic Dynamic Game between Hydropower Plant and Thermal Power Plant in Smart Grid Networks
Abstract
In this paper, we study the competitive interactions between an autonomous pumped-storage hydropower plant and a thermal power plant in order to optimize power generation and storage. Each type of power plant individually tries to maximize its own profit by adjusting its strategy: both types of plants can sell their power to the market at a price depending on the demand and supply, as well as the dynamics over different periods of time; or …
Authors
Forouzandehmehr N; Han Z; Zheng R
Journal
IEEE Systems Journal, Vol. 10, No. 1, pp. 88–96
Publisher
Institute of Electrical and Electronics Engineers (IEEE)
Publication Date
March 1, 2016
DOI
10.1109/jsyst.2014.2317555
ISSN
1932-8184