An MPEC reformulation of an EPEC model for electricity markets

作者：Guo, Lei; Lin, Gui-Hua^*; Zhang, Dali; Zhu, Daoli

来源：Operations Research Letters, 2015, 43(3): 262-267.

DOI：10.1016/j.orl.2015.03.001

• Electricity market
• EPEC
• MPEC
• Normalized Nash stationarity

This paper considers an EPEC (equilibrium program with equilibrium constraints) model for a competition problem in electricity markets. By making use of some potential functions, we propose an MPEC (mathematical program with equilibrium constraints) reformulation and show that the normalized Nash stationary points of the EPEC model are actually the KKT stationary point of the associated MPEC. We also show the applicability of some solution method to the electricity market. The numerical experiment presents the effectiveness of our approach.

• 出版日期2015-5
• 单位上海大学; 上海交通大学