Simultaneous Competition Modeling of Generations and Consumers in the New Market Structure based on the Supply Function Equilibrium Model Systems

Masoud Dashtdar; Olena Rubanenko; Vladislav Kuchanskyy; Seyed Mohammad Sadegh Hosseinimoghadam; Irfan Sami; Mohit Bajaj

doi:10.1109/UKRCON53503.2021.9575343

Simultaneous Competition Modeling of Generations and Consumers in the New Market Structure based on the Supply Function Equilibrium Model Systems

Masoud Dashtdar
, Olena Rubanenko
, Vladislav Kuchanskyy
, Seyed Mohammad Sadegh Hosseinimoghadam
, Irfan Sami
, Mohit Bajaj

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › peer-review

1 Scopus citations

Abstract

Today, incentive policies have been proposed to contribute to small consumers in the market to improve network security. In this paper, the simultaneous competition of small consumers in the form of independent firms and power plants in the new market structure is modeled and the impact of competition of these firms on the behavior of generation firms and network costs is investigated. Given the multiplicity of consumer presence in this market and the rumor that this may slow down the market settlement process, the effect of imposing restrictions on a strategy change for all participants has been investigated.

Original language	English
Title of host publication	2021 IEEE 3rd Ukraine Conference on Electrical and Computer Engineering, UKRCON 2021 - Proceedings
Editors	Mariya Antyufeyeva
Publisher	Institute of Electrical and Electronics Engineers Inc.
Pages	321-326
Number of pages	6
ISBN (Electronic)	9781665400947
DOIs	https://doi.org/10.1109/UKRCON53503.2021.9575343
State	Published - 26 Aug 2021
Externally published	Yes
Event	3rd IEEE Ukraine Conference on Electrical and Computer Engineering, UKRCON 2021 - Lviv, Ukraine Duration: 26 Aug 2021 → 28 Aug 2021

Publication series

Name	2021 IEEE 3rd Ukraine Conference on Electrical and Computer Engineering, UKRCON 2021 - Proceedings

Conference

Conference	3rd IEEE Ukraine Conference on Electrical and Computer Engineering, UKRCON 2021
Country/Territory	Ukraine
City	Lviv
Period	26/08/21 → 28/08/21

Bibliographical note

Publisher Copyright:
© 2021 IEEE.

Keywords

Independent firms
New-market structure
Pricing strategy
Simultaneous competition

ASJC Scopus subject areas

Computer Networks and Communications
Hardware and Architecture
Electrical and Electronic Engineering
Instrumentation
Atomic and Molecular Physics, and Optics

Access to Document

10.1109/UKRCON53503.2021.9575343

Cite this

Dashtdar, M., Rubanenko, O., Kuchanskyy, V., Hosseinimoghadam, S. M. S., Sami, I., & Bajaj, M. (2021). Simultaneous Competition Modeling of Generations and Consumers in the New Market Structure based on the Supply Function Equilibrium Model Systems. In M. Antyufeyeva (Ed.), 2021 IEEE 3rd Ukraine Conference on Electrical and Computer Engineering, UKRCON 2021 - Proceedings (pp. 321-326). (2021 IEEE 3rd Ukraine Conference on Electrical and Computer Engineering, UKRCON 2021 - Proceedings). Institute of Electrical and Electronics Engineers Inc.. https://doi.org/10.1109/UKRCON53503.2021.9575343

Dashtdar, Masoud ; Rubanenko, Olena ; Kuchanskyy, Vladislav et al. / Simultaneous Competition Modeling of Generations and Consumers in the New Market Structure based on the Supply Function Equilibrium Model Systems. 2021 IEEE 3rd Ukraine Conference on Electrical and Computer Engineering, UKRCON 2021 - Proceedings. editor / Mariya Antyufeyeva. Institute of Electrical and Electronics Engineers Inc., 2021. pp. 321-326 (2021 IEEE 3rd Ukraine Conference on Electrical and Computer Engineering, UKRCON 2021 - Proceedings).

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abstract = "Today, incentive policies have been proposed to contribute to small consumers in the market to improve network security. In this paper, the simultaneous competition of small consumers in the form of independent firms and power plants in the new market structure is modeled and the impact of competition of these firms on the behavior of generation firms and network costs is investigated. Given the multiplicity of consumer presence in this market and the rumor that this may slow down the market settlement process, the effect of imposing restrictions on a strategy change for all participants has been investigated.",

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author = "Masoud Dashtdar and Olena Rubanenko and Vladislav Kuchanskyy and Hosseinimoghadam, \{Seyed Mohammad Sadegh\} and Irfan Sami and Mohit Bajaj",

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Dashtdar, M, Rubanenko, O, Kuchanskyy, V, Hosseinimoghadam, SMS, Sami, I & Bajaj, M 2021, Simultaneous Competition Modeling of Generations and Consumers in the New Market Structure based on the Supply Function Equilibrium Model Systems. in M Antyufeyeva (ed.), 2021 IEEE 3rd Ukraine Conference on Electrical and Computer Engineering, UKRCON 2021 - Proceedings. 2021 IEEE 3rd Ukraine Conference on Electrical and Computer Engineering, UKRCON 2021 - Proceedings, Institute of Electrical and Electronics Engineers Inc., pp. 321-326, 3rd IEEE Ukraine Conference on Electrical and Computer Engineering, UKRCON 2021, Lviv, Ukraine, 26/08/21. https://doi.org/10.1109/UKRCON53503.2021.9575343

Simultaneous Competition Modeling of Generations and Consumers in the New Market Structure based on the Supply Function Equilibrium Model Systems. / Dashtdar, Masoud; Rubanenko, Olena; Kuchanskyy, Vladislav et al.
2021 IEEE 3rd Ukraine Conference on Electrical and Computer Engineering, UKRCON 2021 - Proceedings. ed. / Mariya Antyufeyeva. Institute of Electrical and Electronics Engineers Inc., 2021. p. 321-326 (2021 IEEE 3rd Ukraine Conference on Electrical and Computer Engineering, UKRCON 2021 - Proceedings).

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › peer-review

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AB - Today, incentive policies have been proposed to contribute to small consumers in the market to improve network security. In this paper, the simultaneous competition of small consumers in the form of independent firms and power plants in the new market structure is modeled and the impact of competition of these firms on the behavior of generation firms and network costs is investigated. Given the multiplicity of consumer presence in this market and the rumor that this may slow down the market settlement process, the effect of imposing restrictions on a strategy change for all participants has been investigated.

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Dashtdar M, Rubanenko O, Kuchanskyy V, Hosseinimoghadam SMS, Sami I, Bajaj M. Simultaneous Competition Modeling of Generations and Consumers in the New Market Structure based on the Supply Function Equilibrium Model Systems. In Antyufeyeva M, editor, 2021 IEEE 3rd Ukraine Conference on Electrical and Computer Engineering, UKRCON 2021 - Proceedings. Institute of Electrical and Electronics Engineers Inc. 2021. p. 321-326. (2021 IEEE 3rd Ukraine Conference on Electrical and Computer Engineering, UKRCON 2021 - Proceedings). doi: 10.1109/UKRCON53503.2021.9575343

Simultaneous Competition Modeling of Generations and Consumers in the New Market Structure based on the Supply Function Equilibrium Model Systems

Abstract

Publication series

Conference

Bibliographical note

Keywords

ASJC Scopus subject areas

Access to Document

Fingerprint

Cite this