Title :
Bid mechanism and sensitivity for deregulated power markets
Author :
Liu, Ya ; Guan, Xiaohong ; Lai, Fei ; Feng Go
Author_Institution :
Xi´´an Jiaotong Univ., China
Abstract :
Sensitivity analysis for electric power markets is very important since it can provide useful information for designing bidding strategies. By analysis of the market mechanism, a model is developed in the paper to calculate the deviation of the market clearing price due to changes of bid curves. Numerical test results show that the model can catch market price deviation and is useful for optimizing bidding strategy
Keywords :
electricity supply industry; power system economics; sensitivity analysis; bid mechanism; bidding strategies; deregulated power markets; electric power markets; market clearing price; market mechanism; market price deviation; Power markets; Testing;
Conference_Titel :
Intelligent Control and Automation, 2000. Proceedings of the 3rd World Congress on
Conference_Location :
Hefei
Print_ISBN :
0-7803-5995-X
DOI :
10.1109/WCICA.2000.862964
