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...

Increasing popularity of online auctions and the associated frauds have drawn the attention of many researchers. It is found that most of the auction sites prefer English auction to other auction mechanisms. The ease of adopting multiple fake identities over the Internet nourishes shill bidding by fraudulent sellers in English auction. In this paper we derive an equilibrium bidding strategy to ...

Restructuring in the power industry is followed by splitting different parts and creating a competition between purchasing and selling sections. As a consequence, through an active participation in the energy market, the service provider companies and large consumers create a context for overcoming the problems resulted from lack of demand side participation in the market. The most prominent ch...

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...

A bidder's strategy in one auction may affect his competitors' behavior in subsequent auctions. When this occurs, bidding in a sequence of auctions can be modeled fruitfully as a multistage control process. This paper presents such a model. In it the control is the bidder's strategy, the state characterizes the competitors' behavior and the state transition represents the competitors' reaction ...

Display advertisements are a type of web advertisement, which are usually images or movies that are displayed as a part of web page. In a display advertisement market we consider that media sites (advertising media) are sellers, that ad spaces are goods, and that advertisers are buyers. Previously, a fixed price was set for displaying advertisements and ad agencies mediated the transaction. How...

This paper introduced the application of game theory in electricity power market. Moreover, the electricity pool model and the merit order dispatch method was introduced. In pool mode, participants are trying to maximize their benefit via competition with each other. Hence the market can be regarded as a non-cooperative game, especially, the electrical supply competition. Players (generators) c...

Microgrid is commonly regarded as an efficient way for integration of distributed generation (DG) in low voltage network. However, the integration method of microgrid in power system for maximum benefit needs to be further promoted. In this paper, a stochastic bidding strategy of microgrid in a joint dayahead market of energy and spinning reserve service is proposed taking into account of uncer...

The application of autonomous agents by the provisioning and usage of computational resources is an attractive research field. Various methods and technologies in the area of artificial intelligence, statistics and economics are playing together to achieve i) autonomic resource provisioning and usage of computational resources, to invent ii) competitive bidding strategies for widely used market...