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- W2389897822 abstract "The bidding model of single-seller provides a new model for the deregulation of electricity markets.In single-seller electricity markets,the running profits of distribution companies,to a certain extent,depends on their bidding strategies.A methodological framework is proposed for developing optimal bidding strategies for distribution companies participating in a single-seller electricity market in which step-wise bidding functions and pay-as-bid settlement protocols are utilized.The problem of building optimal bidding strategies for distribution companies is formulated as a stochastic optimization problem,and is solved by Monte-Carlo method.Taking a single-seller electricity market with 4 distribution companies as an example,the proposed bidding strategies is demonstrated by the simulation results." @default.
- W2389897822 created "2016-06-24" @default.
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- W2389897822 date "2006-01-01" @default.
- W2389897822 modified "2023-10-06" @default.
- W2389897822 title "Optimal Bidding Strategies for Distribution Companies in Single-seller Electricity Markets" @default.
- W2389897822 hasPublicationYear "2006" @default.
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