Optimal bidding strategies with risks for LSEs in competitive electricity markets

2007 IEEE Power Engineering Society General Meeting, PES

Volumn , Issue , 2007, Pages

  Liu, Haoming ^a,b   Chen, Xingying ^a,b   Xie, Jun ^b   Yu, Kun ^b   Liao, Yingchen ^b  

^a IEEE

^b HOHAI UNIVERSITY   (China)

Author keywords

Bidding strategy; Bilateral electricity market; Electricity market; Load Serving Entities (LSEs)

Indexed keywords

COMPETITIVE INTELLIGENCE; ELECTRIC POWER DISTRIBUTION; ELECTRIC POWER GENERATION; MATHEMATICAL MODELS; RISK ANALYSIS; UNCERTAINTY ANALYSIS;

BIDDING STRATEGIES; BILATERAL ELECTRICITY MARKETS; ELECTRICITY MARKETS; LOAD SERVING ENTITIES (LSE);

ELECTRIC UTILITIES;

EID: 42549109892     PISSN: None     EISSN: None     Source Type: Conference Proceeding    
DOI: 10.1109/PES.2007.385909     Document Type: Conference Paper

References (13)

1. State Electricity Regulatory Commission of China, Guiding Proposals for Area Electricity Markets Building by State Electricity Regulatory Commission. Document No. [2003]21. [Online]. Available: http://www.sp.com.cn/dlfg/ 200311240037.htm
2. H. L. Song, C. C. Liu, and J. Lawarree, "Optimal Electricity Supply Bidding by Markov Decision Process," IEEE Trans on Power Systems. vol.15, no.2, pp.618-624, 2000.
3. A. K. David, "Competitive Bidding in Electricity Supply," IEE proceedings- Generation, Transmission & Distribution, vol.140, no.5, pp.421-426, 1993.
4. L. Yang, F.S. Wen, F. F. Wu, Y. X. Ni, and J. J. Qiu, "Development of Bidding Strategies in Electricity Markets Using Possibility Theory," in Proceedings of 2002 Power System Technology, vol.1, pp. 182-187.
5. F. S. Wen, A. K. David, "Optimal Bidding Strategies and Modeling of Imperfect Information among Competitive Generators," IEEE Trans on Power Systems, vol.16, no.1, pp. 15-21, 2001.
6. X. S. Ma, F. S. Wen. Y. X. Ni, and J.X. Liu, "Towards the Development of Risk-constrained Optimal Bidding Strategies for Generation Companies in Electricity Markets," Electric Power Systems Research, vol.73, pp.305-312, 2005.
7. L. Z. Barroso, E Lobabo, A Franco, et al, "Nash Equilibrium in strategic bidding: A binary expansion approach," IEEE Trans on Power Systems. vol. 21, no.2. pp. 629-638, 2006.
8. A. Uqedo, E. Lobato, A. Franco, et al, "Strategic bidding in sequential electricity markets," IEE Proceedings- Generation, Transmission & Distribution, vol.153, no.4, pp. 431-442, 2006.
9. A. R. Kian, J. B. Cruz, and R. J. Thomas, "Bidding Strategies in Oligopolistic Dynamic Electricity Double-Sided Auctions," IEEE Trans on Power Systems, vol. 20, No. 1, pp. 50-58, 2005.
10. F. S. Wen, A. K. David, "Optimal Bidding Strategies for Competitive Generators and Large Consumers," Electrical Power and Energy Systems, vol.23, pp.37-43, 2001.
11. S. E. Fleten, E. Pettersen, "Constructing Bidding Curves for Price-Taking Retailer in the Norwegian Electricity Market," IEEE Trans on Power Systems, vol.20, No.2, pp.701-708, 2005.
12. A. K. David. F. S. Wen, "Strategic Bidding in Competitive Electricity Markets: a Literature Survey," in Proceedings of 2000 PES Summer Power Meeting, vol.4, pp.2168-2173, 2000.
13. D. E. Goldberg. Genetic Algorithms in Search, Optimization and Machine Learning, Addison-Wesley, Reading, MA, 1989.