Genetic algorithm evolution of utility bidding strategies for the competitive marketplace

IEEE Transactions on Power Systems

Volumn 13, Issue 1, 1998, Pages 256-261

  Richter, Charles W ^a  

^a Iowa State University   (United States)

Author keywords

Bidding strategies; Competitive auction markets; Deregulation; Energy broker; Genetic algorithms; Operations; Optimization; Power systems

Indexed keywords

COMPETITION; COMPUTER SIMULATION; GENETIC ALGORITHMS; MARKETING;

UTILITY BIDDING STRATEGY;

ELECTRIC UTILITIES;

EID: 0032002216     PISSN: 08858950     EISSN: None     Source Type: Journal    
DOI: 10.1109/59.651644     Document Type: Article

References (24)

1. D. Ashlock, "GP-automata for Dividing the Dollar." Mathematics Department, Iowa State University, Ames, IA1995.
2. B. Barkovich, and D. Hawk, "Charting a new course in California" , IEEE Spectrum, Vol. 33, July 1996, p26.
3. G. Fahd, and G. Sheblé, "Optimal power flow emulation of interchange brokerage systems using linear programming." IEEE Transactions on Power Systems, Vol. 7, No. 2, pp. 497-504, 1992.
4. D. Finlay, Optimal Bidding Strategies in Competitive Electric Power Pools. Masters thesis, University of Illinois, Urbana-Champaign, IL, 1995.
5. W. Gilchrist, Statistical Forecasting. New York, NY: John Wiley & Sons, 1976.
6. D. Goldberg, Genetic Algorithms in Search, Optimization & Machine Learning. Reading, MA: Addison-Wesley Publishing Company, Inc., 1989.
7. S. Hakin, Neural Networks: A Comprehensive Foundation. Englewood Cliffs, NJ: Macmillan Publishing Company, 1994.
8. Y. loannides, "Evolution of Trading Structures." Department of Economics, Tufts University, Medford,MA 02155,1995.
9. J. Kumar, G. Sheblé, "Auction Game in Electric Power Market Place." Proceedings of 'the 58th American Power Conference, 1996, pp. 356-364.
10. J. Kumar, G. Sheblé, "Framework for Energy Brokerage System with Reserve Margin and Transmission Losses." 1996 EEE/PES Winter Meeting, 96 WM 190-9 PWRS. New York: IEEE
11. [II] B. LeBaron, "Experiments in Evolutionary Finance." University of WisconsinMadison, Madison, Wisconsin, 1995.
12. P. Milgrom, Auctions and Bidding: A Primer. Journal of Economic Perspectives, Vol. 3, No. 3. Summer 1989, pp 3-22, 1989.
13. A. Papalexopoulos, S. Hao, T. Peng, "An implementation of a neural network based load forecasting model for the ems," Presented at the 1994 JEEE/PES Winter Meeting, 94 WM 209-7 PWRS. New York: IEEE, 1994.
14. D. Post, Electric power interchange transaction analysis and selection. Master's thesis, Iowa State University, Ames, IA, 1994.
15. C. Richter, Developing bidding strategies for electric utilities in a competitive environment. Master's thesis, Iowa State University, Ames, IA, 1996.
16. G. Sheblé, "Priced Based Operation in an Auction Market Structure". Paper presented at the 1996IEEKPES Winter Meeting. Baltimore, MD, 1996.
17. G. Sheblé, "Electric energy in a folly evolved marketplace." Presented at the 1994 North American Power Symposium, Kansas State University, KS, 1994.
18. G. Sheblé, and J. McCalley, "Discrete auction systems for power system management" Presented at the 1994 National Science Foundation Workshop, Pullman, WA, 1994.
19. G. Sheblé "Simulation of discrete auction systems for power system risk management" Frontiers of Power, Oklahoma, 1994.
20. G. Sheblé, M Uic, B. Wollenberg, and F. Wu. Lecture notes from: Engineering Strategies for Open Access Transmission Systems, A Two-Day Short Course presented Dec. 5 and 6,1996 in San Francisco, CA
21. G. Thompson, and S. Thore, Computational Economics: Economic Modeling with Optimization. San Francisco, CA: Scientific Press, 1992.
22. L. Tesfatsion, "A Trade Network Game with Endogenous Partner Selection." Economic Report Series, Department of Economics, Iowa State University, Ames, IA, 1995.
23. A.Vojdani, C. Bnparto, N. Saini, B. Wollenberg, and H. Happ, "Transmission Access Issues." Presented at the 1995 IEEE/PES Winter Meeting, 95 WM 1214 PWRS. New York: IEEE, 1994.
24. A. Wood, and B. Wolleriberg, Power Generation, Operation, and Control. New York, NY: John Wiley & Sons, 1984.