Electricity Market Stochastic Dynamic Model and Its Mean Stability Analysis

Based on the deterministic dynamic model of electricity market proposed by Alvarado, a stochastic electricity market model, considering the random nature of demand sides, is presented in this paper on the assumption that generator cost function and consumer utility function are quadratic functions....

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Bibliographic Details
Main Authors: Zhanhui Lu, Weijuan Wang, Gengyin Li, Di Xie
Format: Article
Language:English
Published: Hindawi Limited 2014-01-01
Series:Mathematical Problems in Engineering
Online Access:http://dx.doi.org/10.1155/2014/207474