Bidding strategy design for different types of electric power market participants

IEEE Transactions on Power Systems

Volumn 19, Issue 2, 2004, Pages 964-971

  Rodriguez, Claudia P ^a   Anders, George J ^b  

^a UNIVERSITY OF TORONTO   (Canada)

^b KINECTRICS INC   (Canada)

Author keywords

Bidding strategy; Open access market; Risk aversion

Indexed keywords

ELECTRICITY; MARKETING; OPTIMIZATION; RISK ASSESSMENT;

BIDDING STRATEGY; ELECTRIC POWER MARKET;

ELECTRIC POWER DISTRIBUTION;

EID: 2542536047     PISSN: 08858950     EISSN: None     Source Type: Journal    
DOI: 10.1109/TPWRS.2004.826763     Document Type: Article

References (14)

1. C. P. Rodriguez and G. J. Anders, "Energy price forecasting in the Ontario competitive power system market," IEEE Trans. Power Syst., vol. 19, pp. 366-374, Feb. 2004.
2. H. Song, C. C. Liu, J. Lawaree, and R. W. Dahlgren, "Optimal electricity supply bidding by Markov decision process," IEEE Trans. Power Syst., vol. 15, pp. 618-624, May 2000.
3. Y. He, Y. H. Song, and X. F. Wang, "Bidding strategies based on bid sensitivities in generation auction markets," Proc. Inst. Elect. Eng., Gen., Transm. Dist., vol. 149, no. 1, pp. 21-26, Jan. 2002.
4. C. W. Richter and G. B. Sheblé, "Genetic algorithm evolution of utility bidding strategies for the competitive marketplace," IEEE Trans. Power Syst., vol. 13, pp. 256-261, Feb. 1998.
5. C. W. Richter, G. B. Sheblé, and D. Ashlock, "Comprehensive bidding strategies with genetic programming/finite state automata," IEEE Trans. Power Syst., vol. 14, pp. 1207-1212, Nov. 1999.
6. F. S. Wen and A. K. David, "Optimally coordinated bidding strategies in energy and ancillary service markets," Proc. Inst. Elect. Eng., Gen., Transm. Dist., vol. 149, no. 3, pp. 331-338, May 2002.
7. D. Zhang, Y. Wang, and P. B. Luh, "Optimization based bidding strategies in the deregulated market," in Proc. 21st IEEE Int. Conf. Power Ind. Applicat., May 1999, pp. 63-68.
8. J. W. Lamont and S. Rajan, "Strategic bidding in an energy brokerage," IEEE Trans. Power Syst., vol. 12, pp. 1729-1733, Nov. 1997.
9. F. Wen and A. K. David, "Optimal bidding strategies and modeling of imperfect information among competitive generators," IEEE Trans. Power Syst., vol. 16, pp. 15-21, Feb. 2001.
10. H. Song, C. C. Liu, and J. Lawarrée, "Decision making of an electricity supplier's bid in a spot market," in Proc. Power Eng. Soc. Summer Meeting, vol. 2, 1999, pp. 692-696.
11. G. Xiong, T. Hashiyama, and S. Okuma, "An electricity supplier bidding strategy through Q-learning," in Proc. Power Eng. Soc. Summer Meeting, vol. 3, 2002, pp. 1516-1521.
12. Y.-Y. Song, S. W. Tsai, and M. T. Weng, "Bidding strategy based on artificial intelligence for a competitive electric market," Proc. Inst. Elect. Eng., Gen. Transm. Dist., vol. 148, no. 2, pp. 159-164, Mar. 2001.
13. A. Baillo, M. Ventosa, M. Rivier, and A. Ramos, "Strategic bidding under uncertainty in a competitive electricity market," in Proc. Probabilistic Methods Appl. Power Syst., paper no. M12-105. Funchal, Madeira, Portugal, Sept. 2000.
14. A. J. Conejo, F. J. Nogales, and J. M. Arroy, "Price-Taker bidding strategy under price uncertainty," IEEE Trans. Power Syst., vol. 17, pp. 1081-1088, Nov. 2002.