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Search for a market equilibrium of Cournot-Nash in the competitive heat market

Author

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  • Penkovskii, Andrey
  • Stennikov, Valery
  • Mednikova, Ekaterina
  • Postnikov, Ivan

Abstract

The paper is concerned with a «Single-buyer » heat market model. A mathematical model is developed. In this model, optimal distribution of heating load among heat sources, that corresponds to the Nash equilibrium is determined based on the Cournot approach. The mathematical model makes it possible to take into account heat production and transportation as well as physical and technical properties of heat supply systems. The model was applied to conduct the studies on a heat supply system with three heat sources in the town of Angarsk.

Suggested Citation

  • Penkovskii, Andrey & Stennikov, Valery & Mednikova, Ekaterina & Postnikov, Ivan, 2018. "Search for a market equilibrium of Cournot-Nash in the competitive heat market," Energy, Elsevier, vol. 161(C), pages 193-201.
    • Handle: RePEc:eee:energy:v:161:y:2018:i:c:p:193-201
    DOI: 10.1016/j.energy.2018.07.086
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    References listed on IDEAS

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    1. Jean Tirole, 1988. "The Theory of Industrial Organization," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262200716, April.
    2. V. A. Stennikov & O. V. Khamisov & A. V. Penkovsky, 2013. "Optimization of Developing Heat Supply System in Competitive Market Environment," International Journal of Energy Optimization and Engineering (IJEOE), IGI Global, vol. 2(4), pages 100-119, October.
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    6. Baltensperger, Tobias & Füchslin, Rudolf M. & Krütli, Pius & Lygeros, John, 2016. "Multiplicity of equilibria in conjectural variations models of natural gas markets," European Journal of Operational Research, Elsevier, vol. 252(2), pages 646-656.
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    Cited by:

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    2. Zhang, Zhaoyan & Wang, Peiguang & Jiang, Ping & Liu, Zhiheng & Fu, Lei, 2022. "Energy management of ultra-short-term optimal scheduling of integrated energy system considering the characteristics of heating network," Energy, Elsevier, vol. 240(C).
    3. Xiang, Liu, 2022. "A large-scale equilibrium model of energy emergency production: Embedding social choice rules into Nash Q-learning automatically achieving consensus of urgent recovery behaviors," Energy, Elsevier, vol. 259(C).

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