Analysis on bidding strategy of independent power producer in days-ahead market

Dianli Xitong Zidonghua/Automation of Electric Power Systems

Volumn 26, Issue 24, 2002, Pages 8-14

  Lei, Bing ^a   Wang, Xiuli ^a   Gao, Ying ^b   Wang, Xifan ^a  

^a XI'AN JIAOTONG UNIVERSITY   (China)

^b Lueyang Power Co   (China)

Author keywords

Auction; Bidding strategy; Days ahead market; Game theory; Opponent behavior analysis; Power market

Indexed keywords

MARKETING;

AUCTION; BIDDING STRATEGY; DAYSAHEAD MARKET; OPPONENT BEHAVIOR ANALYSIS; POWER MARKET;

ELECTRIC UTILITIES;

EID: 0037176342     PISSN: 10001026     EISSN: None     Source Type: Journal    
DOI: None     Document Type: Article

References (43)

1. Yu Erkeng, Zhou Jingyang, Zhang Xuesong. Bidding Model and Bidding Principle for Power Markets. Automation of Electric Power Systems, 2001, 25 (1): 24-27
2. Geng Jian, Wang Xifan, Chen Haoyong, et al. Iterative Competitive Bidding Mechanism in Generation Market. Automation of Electric Power Systems, 2002, 26 (9): 1-6
3. Otero-Novas I, Meseguer C, Batlle C, et al. A Simulation Model for a Competitive Generation Market. IEEE Trans on Power Systems, 2000, 15 (2): 250-256
4. David A K, Wen Fushuan. Strategic Bidding in Competitive Electricity Markets: a Literature Survey. In: IEEE Power Engineering Society Summer Meeting, 2000, 4: 2168-2173
5. Lai S Y, Baldick R. Unit Commitment with Ramp Multipliers. IEEE Trans on Power Systems, 1999, 14 (1): 58-64
6. Yu Erkeng, Zhou Jingyang, Wu Yusheng. A Study on Generation Bidding Curves. Automation of Electric Power Systems, 2001, 25 (2): 23-26
7. Yu Erkeng, Zhou Jingyang, Wu Yusheng. Generation Bidding Algorithm Tutorials: Part One The Merit-order Method. Automation of Electric Power Systems, 2001, 25 (4): 16-19
8. Yu Erkeng, Zhou Jingyang, Wu Yusheng, et al. Generation Bidding Algorithm Tutorials: Part Two The Equal Bidding Price Method. Automation of Electric Power Systems, 2001, 25 (5): 10-13
9. Yu Erkeng, Zhou Jingyang, Wang Gongtao, et al. Generation Bidding Algorithm Tutorials: Part Three The Dynamic Programming Method. Automation of Electric Power Systems, 2001, 25 (6): 19-22
10. Zhou Jingyang, Wu Yusheng, Wang Gongtao, et al. Generation Bidding Algorithm Tutorials: Part Four Network Flow Programming Method. Automation of Electric Power Systems, 2001, 25 (7): 23-26
11. Wang Gongtao, Yu Erkeng, Zhou Jingyang, et al. Generation Bidding Algorithm Tutorials: Part Five The Linear Programming Method. Automation of Electric Power Systems, 2001, 25 (8): 20-23
12. Madrigal M, Quintana V H. Existence and Determination of Competitive Equilibrium in Unit Commitment Power Pool Auctions: Price Setting and Scheduling Alternatives. IEEE Trans on Power Systems, 2001, 16 (3): 380-388
13. Newbery D M. Power Markets and Market Power. Energy J, 1995, 16: 39-66
14. Dai Yan, Han Zhenxiang, Lou Wei. Pricing Bidding Analysis in Zhejiang Electricity Market. Automation of Electric Power Systems, 2002, 26 (9): 26-29
15. Xiaohong Guan, Yu Chi-Ho. Gaming and Price Spikes in Electric Power Markets. IEEE Trans on Power Systems, 2001, 16 (3): 402-409
16. Schweppe F C, Caramanis M C, Tabors R D, et al. Spot Pricing of Electricity. Boston: Kluwer Academic Publishers, 1988.
17. Chao H, Peck S. A Market Mechanism for Electric Power Transmission. Journal of Regulatory Economics, 1996, 8 (3): 25-59
18. Zhao Huiru, Cao Jingshan. Research on Sales Price to Power Network. Modern Electric Power, 1999, 16 (2): 71-77
19. Tan Zhongfu, Hu Wei, Lian Bizhan. On Calculation Models of Our Country's Electric Price Selling to Network and Its Reformation Concept. Modern Electric Power, 2000, 17 (2): 95-102
20. Zhang Daoyuan, Wang Yajun. Optimization Based Bidding Strategies in the Deregulated Market. IEEE Trans on Power Systems, 2000, 15 (3): 981-986
21. Hao Shangyou. A Study of Basic Bidding strategy in Clearing Pricing Auctions. IEEE Trans on Power Systems, 2000, 15 (2): 975-981
22. Wen Fushuan, David A K. Optimal Bidding Strategies and Modeling of Imperfect Information Among Competitive Generators. IEEE Trans on Power Systems, 2001, 16 (1): 15-22
23. Weber J D, Overbye T J. A Two-level Optimization Problem for Analysis of Market Bidding Strategies. In: 1999 IEEE Power Engineering Society Summer Meeting, Conference Proceedings. Edmonton: 1999. 682-687
24. Weber J D, Overbye T J, Sauer P W. Simulation of Electricity Markets with Player Bidding. In: Proceedings of Bulk Power Systems Dynamics and Control-IV Restructuring. Santorini (Greece): 1998. 331-339
25. Liu Deming, Huang Zhengao. Game Theory and Its Application. Changsha: National University of Defense Technology Press, 1995.
26. Xie Shiyu. Economic Game Theory. Shanghai: Fudan University Press, 1997.
27. Diao Qinhua, Lin Jikeng, Ni Yixin, et al. Game Theory and Its Application in Power Markets. Automation of Electric Power Systems, 2001, 25 (1): 19-23
28. Ferrero R W, Rivera J F. Application of Games with Incomplete Information for Pricing Electricity in Deregulated Power Pools. IEEE Trans on Power Systems, 1998, 13 (1): 184-190
29. Wen F S, David A K. Oligopoly Electricity Market Production under Incomplete Information. IEEE Power Engineering Review, 2001, 21 (4): 58-62
30. Friedman J W. Game Theory with Applications to Economics. New York: Oxford University Press, 1990.
31. Wu Zhiyong, Kang Chongqin, Xia Qing, et al. Strategic Bidding with Application of Game Theory. Automation of Electric Power Systems, 2002, 26 (9): 7-11
32. Shang Jincheng, Huang Yonghao, Zhang Weicun, et al. A Model and Algorithm of Game Theory Based Bidding Strategy for an Independent Power Provider. Automation of Electric Power Systems, 2002, 26 (9): 12-15
33. Zeng Ciling, Zhang Buhan. A Preliminary Analysis on Bidding Strategy of Power Generation Companies. Power System Technology, 2002, 26 (5): 49-53
34. Guo Jiachun, He Guangyu, Wang Zhen, et al. Behavior Analysis on the Bidding Strategy of Generation Companies. Automation of Electric Power Systems, 2002, 26 (5): 5-8
35. Lamont J W, Rajan S. Strategic Bidding in an Energy Brokerage. IEEE Trans on Power Systems, 1997, 12 (4): 1729-1733
36. Shrestha G B, Kai Song, Goel L. Strategic Bidding for Minimum Power Output in the Competitive Power Market. IEEE Trans on Power Systems, 2001, 16 (4): 813-819
37. Elia E, Maiorano A, Song Y H, et al. Novel Methodology for Simulation Studies of Strategic Behavior of Electricity Producers. In: IEEE Power Engineering Society Summer Meeting, 2000, 4. 2235-2241
38. Song Haili, Liu C C. Optimal Electricity Supply Bidding by Markov Decision Process. IEEE Trans on Power Systems, 2000, 15 (2): 618-624
39. Hong Y Y, Tsai S W. Bidding Strategy Based on Artificial Intelligence for a Competitive Electric Market. IEE Proc - Gener Transm Distrib, 2001, 148 (2): 159-164
40. Guan Xiaohong, Ho Yu-Chi, Lai Fei. An Ordinal Optimization Based Bidding Strategy for Electric Power Suppliers in the Daily Energy Market. IEEE Trans on Power Systems, 2001, 16 (4): 788-798
41. Ma Li, Wen Fushuan, David A K. A Preliminary Investigation on Bidding Strategies Employing Step-wise Bidding Rules. Automation of Electric Power Systems, 2002, 26 (9): 16-19
42. Weber J D, Overbye T J, DecMarco C. Modeling the Consumer Benefit in the Optimal Power Flow. Decision Support Systems, 1999, 24 (3): 279-296
43. Song Jiong, Tai Nengling, Jiang Chuanwen, et al. A Novel Pricing Method for Generation Market Based on the Forecasted MCP. Automation of Electric Power Systems, 2002, 26 (9): 23-25