Optimal Bidding Strategy for Profit Maximization of Generation Companies under Step-Wise Bidding Protocol
نویسندگان
چکیده
منابع مشابه
Using and comparing metaheuristic algorithms for optimizing bidding strategy viewpoint of profit maximization of generators
With the formation of the competitive electricity markets in the world, optimization of bidding strategies has become one of the main discussions in studies related to market designing. Market design is challenged by multiple objectives that need to be satisfied. The solution of those multi-objective problems is searched often over the combined strategy space, and thus requires the simultaneous...
متن کاملUsing and comparing metaheuristic algorithms for optimizing bidding strategy viewpoint of profit maximization of generators
With the formation of the competitive electricity markets in the world, optimization of bidding strategies has become one of the main discussions in studies related to market designing. Market design is challenged by multiple objectives that need to be satisfied. The solution of those multi-objective problems is searched often over the combined strategy space, and thus requires the simultaneous...
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0957-4174/$ see front matter 2011 Elsevier Ltd. A doi:10.1016/j.eswa.2011.05.015 ⇑ Corresponding author. Tel.: +98 21 88021067; fax E-mail addresses: [email protected], [email protected] This paper presents a new approach for bidding strategy in a day-ahead market from the viewpoint of a generation company (GENCO) in order to maximize its own profit as a participant in the market. It is assumed tha...
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In this paper, particle swarm optimization algorithm is proposed to determine the optimal bidding strategy in competitive auction market. The market includes generating companies (Gencos), large consumers who participate in demand side bidding, and small consumers whose demand is present in aggregate form. By using previous bidding data and multi-round auction process, the optimal bidding strat...
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Demand response (DR) has many beneficiaries in the electricity market. There are independent players who are interested in DR, which include: transmission system owners, distributors, retailers, and aggregators. In this paper DR is introduced as a tradable commodity that can be exchanged between DR buyers and sellers in a pool-based market which is called demand response exchange (DRX). DRX ope...
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ژورنال
عنوان ژورنال: International Journal of Engineering and Technology
سال: 2017
ISSN: 2319-8613,0975-4024
DOI: 10.21817/ijet/2017/v9i2/170902060