A Two-Sided Price-Decoupled Pay-As-Bid Auction Approach for the Clearing of Day-Ahead Electricity Markets
نویسندگان
چکیده
منابع مشابه
Day-ahead Price Forecasting of Electricity Markets by a New Hybrid Forecast Method
Energy price forecast is the key information for generating companies to prepare their bids in the electricity markets. However, this forecasting problem is complex due to nonlinear, non-stationary, and time variant behavior of electricity price time series. Accordingly, in this paper a new strategy is proposed for electricity price forecast. The forecast strategy includes Wavelet Transform (WT...
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Competition in day-ahead electricity markets has been established through auctions where generators and loads bid prices and quantities. Different approaches have been discussed regarding the market auction design. Multi-round auctions, despite its implementation complexity, allow market participants to adapt their successive bids to market prices considering their operational and economic cons...
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energy price forecast is the key information for generating companies to prepare their bids in the electricity markets. however, this forecasting problem is complex due to nonlinear, non-stationary, and time variant behavior of electricity price time series. accordingly, in this paper a new strategy is proposed for electricity price forecast. the forecast strategy includes wavelet transform (wt...
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Abstract- In a typical competitive electricity market, a large number of short-term and long-term contracts are set on basis of energy price by an Independent System Operator (ISO). Under such circumstances, accurate electricity price forecasting can play a significant role in improving the more reasonable bidding strategies adopted by the electricity market participants. So, they cannot only r...
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ژورنال
عنوان ژورنال: E3S Web of Conferences
سال: 2020
ISSN: 2267-1242
DOI: 10.1051/e3sconf/202016201006