A cooperative game theoretic framework is introduced to study the behavior of cooperating and competing electrical energy providers considering price-preference rational consumers. We analyze the interactions of generators in an idealized environment described by a DC load flow model where the...

Optimal power flow (OPF) problems are focussing on the question how a power transmission network can be operated in the most economic way. The general aim in such scenarios is to optimize generator scheduling in order to meet consumption re-quirements, transmission constraints and to minimize...

In this paper we analyze how increasing levels of cooperation in reserve procurement and activation affect the implied economic benefits and the respective network loads assuming various paradigms of coordination. To approach the question we construct a simulation model based on the...

The users of electricity networks are organized into groups where the production and consumption of electricity is in balance. This paper studies the formation of these balancing groups using a cooperative game in partition function form defined over an ideal (lossless) DC load flow model of the...