What is it about?
The tool from graph theory is used to guide the scheduling of power purchase contracts when the trades are from several geographical locations in an attempt to reduce line loss, congestion and line drops. The advantages offered by multilateral trades is augmented by the powerful power vector concepts in modelling and solving operational aspects of electricity markets using game theory concepts.
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Why is it important?
Important in radial power flows because of the selfish motives impacting the transmission system in a market context.
Perspectives
The power vector concept from graph theory is multi-dimensional.
Prof. Sudha Balagopalan Balagopalan
VIDYA ACADEMY OF SCIENCE & TECHNOLOGY, KERALA
Read the Original
This page is a summary of: Coordination of multilateral trades in electricity markets via power vectors, European Transactions on Electrical Power, February 2011, Wiley,
DOI: 10.1002/etep.561.
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