• DocumentCode
    976003
  • Title

    Bidding strategy design for different types of electric power market participants

  • Author

    Rodriguez, Claudia P. ; Anders, George J.

  • Author_Institution
    Electr. & Comput. Eng. Dept., Univ. of Toronto, Ont., Canada
  • Volume
    19
  • Issue
    2
  • fYear
    2004
  • fDate
    5/1/2004 12:00:00 AM
  • Firstpage
    964
  • Lastpage
    971
  • Abstract
    This paper presents a methodology to design an optimal bidding strategy for a generator according to his or her degree of risk aversion. A typical thermal plant is assumed to be located in the Ontario electricity system to apply this methodology for two types of participants: risk averse and risk seeker.
  • Keywords
    power generation economics; power markets; risk analysis; thermal power stations; bidding strategy design; electric power market; risk aversion; risk seeker; thermal plant; Design methodology; Economic forecasting; Electricity supply industry; Environmental economics; Fuel economy; Fuzzy logic; Power generation; Power generation economics; Probability distribution; Risk analysis;
  • fLanguage
    English
  • Journal_Title
    Power Systems, IEEE Transactions on
  • Publisher
    ieee
  • ISSN
    0885-8950
  • Type

    jour

  • DOI
    10.1109/TPWRS.2004.826763
  • Filename
    1295006
    • Link To Document
    https://search.isc.ac/dl/search/defaultta.aspx?DTC=49&DC=976003