An Amended Whale Optimization Algorithm for Optimal Bidding in Day Ahead Electricity Market

Successful privatization in other sectors leads to a restructuring the power sector. The same practice has been adopted electrical industry with deregulated electricity market (EM). This enables competition among generating companies (Genco’s) for maximizing their profit and it plays central role. With this aim, each Genco gives higher bid that may result risk of losing opportunity get selected at auction. big challenge front is acquire an optimal process known as Optimal Bidding Strategy (OBS) Genco. In manuscript, new variant whale optimization (WOA) termed Amended Whale Optimization Algorithm (AWOA) proposed, attain OBS thermal EM. Once effectiveness AWOA proved on 23 benchmark functions, applied five strategic bidding problems spot uniform price. results obtained from proposed are compared competitive algorithms. reflect outperforms terms convergence rate. Simulations also indicate can successfully be used