OPTIMAL BIDDING STRATEGY FOR GENERATION UNITS CONSIDERING PRICE UNCERTAINTY

Q: How can I download an article?

To download an article from SID, first log in to the site, search for the article title, and click on the 'Download Article' option.

Q: How can I download an ISI article?

To download an ISI article on SID, enter the keyword or article title in the search bar, view the relevant results, click on the desired article, and select the 'Download Article' option.

Q: How can I access the SID database?

To access the SID database, visit SID.ir, create an account, and log in to access scientific resources.

Q: Is downloading articles from SID free?

Some articles on SID are available for free, while others require payment. Details are specified on the article's page.

KHORRAM NIA R.; RAOOFAT M.

مرکز اطلاعات علمی Scientific Information Database (SID) - Trusted Source for Research and Academic Resources

Journal Paper

Paper Information

Journal: JOURNAL OF IRANIAN ASSOCIATION OF ELECTRICAL AND ELECTRONICS ENGINEERS Year:2012 | Volume:8 | Issue:2 Page(s): 35-44

Download Full-Text

Persian Verion

View:

782

Download:

Cites:

Information Journal Paper

Title

OPTIMAL BIDDING STRATEGY FOR GENERATION UNITS CONSIDERING PRICE UNCERTAINTY

Author(s)

KHORRAM NIA R. | RAOOFAT M. | Issue Writer Certificate

Keywords

PRICE BASED UNIT COMMITMENT (PBUC)Q3

INDEPENDENT SYSTEM OPERATOR (ISO)Q2

MARKET CLEARING PRICE (MCP)Q3

BIDDING STRATEGY (BS)Q2

LOGNORMAL PROBABILITY DISTRIBUTION FUNCTIONQ3

PAY AS BID (PAB) MARKETSQ3

Abstract

In restructured power systems, generation companies should offer a power - price curve to the market operator to participate the auction. The proposed bidding curve has a considerable impact on the unit profit, especially in pay as bid markets. The optimal bidding curve depends on the final market clearing price which is uncertain in the stage of bidding. This paper proposes a novel approach for optimal bidding strategy considering the probabilistic nature of forecasted market clearing price. Numerical examples show satisfactory results in comparison with previous approaches.

Cites

No record.

References

No record.

Cite

APA: Copy

KHORRAM NIA, R., & RAOOFAT, M.. (2012). OPTIMAL BIDDING STRATEGY FOR GENERATION UNITS CONSIDERING PRICE UNCERTAINTY. JOURNAL OF IRANIAN ASSOCIATION OF ELECTRICAL AND ELECTRONICS ENGINEERS, 8(2), 35-44. SID. https://sid.ir/paper/115740/en

Vancouver: Copy

KHORRAM NIA R., RAOOFAT M.. OPTIMAL BIDDING STRATEGY FOR GENERATION UNITS CONSIDERING PRICE UNCERTAINTY. JOURNAL OF IRANIAN ASSOCIATION OF ELECTRICAL AND ELECTRONICS ENGINEERS[Internet]. 2012;8(2):35-44. Available from: https://sid.ir/paper/115740/en

IEEE: Copy

R. KHORRAM NIA, and M. RAOOFAT, “OPTIMAL BIDDING STRATEGY FOR GENERATION UNITS CONSIDERING PRICE UNCERTAINTY,” JOURNAL OF IRANIAN ASSOCIATION OF ELECTRICAL AND ELECTRONICS ENGINEERS, vol. 8, no. 2, pp. 35–44, 2012, [Online]. Available: https://sid.ir/paper/115740/en

Related Journal Papers