Modeling of competitive equilibrium at the electricity market with regard for energy losses in electric networks
Journal Title: Проблеми загальної енергетики - Year 2016, Vol 0, Issue 3
Abstract
We have proposed a mathematical description of a network of power transmission lines, which represents adequately the physical properties of the network in model of the equilibrium state of electricity market. Such a description of the electric network, based on the theory of energy circuits, establishes a relationship between the flows of electricity in power transmission lines and potentials at the nodes of network in strict accordance with Kirchhoff's laws and the Hamilton's principle of least action. Furthermore, this description includes the physical parameters of power transmission lines, which provides its applicability to the practical problems of modeling of the equilibrium states of the electricity market.
Authors and Affiliations
Serhii Saukh, Andrii Borisenko
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