Modeling methods for GenCo bidding strategy optimization in the liberalized electricity spot market-A state-of-the-art review

Energy

Volumn 36, Issue 8, 2011, Pages 4686-4700

  Li, Gong ^a   Shi, Jing ^a   Qu, Xiuli ^b  

^a North Dakota State University   (United States)

^b North Carolina AandTState University   (United States)

Author keywords

Agent based modeling; Bidding strategy; Electricity spot market; Game theory; Mathematical programming

Indexed keywords

COMPUTATIONAL METHODS; ELECTRIC INDUSTRY; ELECTRICITY; GAME THEORY; MATHEMATICAL PROGRAMMING; PROFITABILITY;

AGENT-BASED MODEL; AGENT-BASED MODELING; BIDDING STRATEGY; COMPETITIVE MARKETS; DYNAMIC DEMAND; ELECTRICITY MARKET; ELECTRICITY SPOT MARKET; GENERATION COMPANIES; IMPROVING EFFICIENCY; LIBERALIZED MARKET; LITERATURE ANALYSIS; MODELING APPROACH; MODELING METHOD; MONOPOLY MARKETS; OPTIMAL BIDDING STRATEGY; POWER SOURCES; RENEWABLE ENERGIES; STATE-OF-THE-ART REVIEWS; STOCHASTICITY;

COMMERCE;

ENERGY MARKET; GAME THEORY; LITERATURE REVIEW; NUMERICAL MODEL; OPTIMIZATION; RENEWABLE RESOURCE; STOCHASTICITY;

EID: 79961029727     PISSN: 03605442     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.energy.2011.06.015     Document Type: Review

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