Title :
Bidding strategy selection in a day-ahead electricity auction system
Author :
Borghetti, A. ; Silvestro, F. ; Massucco, S. ; Meini, L. ; Nucci, C.A. ; Paolone, M.
Author_Institution :
Univ. of Bologna, Bologna
Abstract :
The paper focuses on bidding selection mechanisms based both on offer price and electricity-quantity strategies. The aim of the paper is to present a procedure that allows the use of both game theory and of detailed cost-based unit-commitment computer codes. The procedure is conceived in a way to be as much as possible independent of the specific market rules. The results of a preliminary analysis are shown, concerning simple test cases that incorporate some distinctive characteristics of electricity markets and power plants.
Keywords :
game theory; power generation scheduling; power markets; bidding strategy selection; cost-based unit-commitment computer codes; day-ahead electricity auction system; electricity markets; electricity-quantity strategies; game theory; power plants; Contracts; Cost function; Electricity supply industry; Game theory; Power generation; Production; Testing; Bidding Strategies; Electricity Market; Game Theory; Unit Commitment;
Conference_Titel :
Power Tech, 2005 IEEE Russia
Conference_Location :
St. Petersburg
Print_ISBN :
978-5-93208-034-4
Electronic_ISBN :
978-5-93208-034-4
DOI :
10.1109/PTC.2005.4524726
