Study of GenCos' Cournot behaviors considering market auction mechanism

被引:0
|
作者
Badri, A. [1 ]
Jadid, S. [1 ]
Moghaddam, M. Parsa [2 ]
机构
[1] Iran Univ Sci & Technol, Dept Elect Engn, Ctr Excellence Power Syst Automat & Operat, Tehran, Iran
[2] Tarbiat Modares Univ, Dept Elect Engn, Tehran, Iran
关键词
generation scheduling; Cournot model; market clearing;
D O I
暂无
中图分类号
TE [石油、天然气工业]; TK [能源与动力工程];
学科分类号
0807 ; 0820 ;
摘要
In restructured power markets participants are able to exercise market power through different bidding strategies. In this paper an oligopolistic electricity market is presented that all Generation Companies (GenCos) bid in a Cournot model considering behaviors of elastic load demands at all nodes for a whole standard day Genetic Algorithm (GA) is applied to obtain generation scheduling of each GenCo as well as hourly Market Clearing Prices (MCP). In order to consider network constraints a multiperiod framework is applied to simulate market clearing process that requires the use of continuous and binary variables. Behaviors of generators' biddings and elastic loads are modeled through piecewise block curves. Finally impacts of market clearing process on participants' characteristic and final market prices are presented.
引用
收藏
页码:71 / +
页数:3
相关论文
共 50 条
  • [1] Gencos' optimal bidding strategy considering market power and transmission constraints: A cournot-based model
    Badri, A.
    [J]. World Academy of Science, Engineering and Technology, 2011, 78 : 68 - 74
  • [2] Management of Bilateral Contracts for Gencos Considering the Risk in Spot Market
    Xia, Xiang
    Shang, Nan
    Fang, Jianliang
    Jiang, Wei
    Liu, Jun
    Liu, Lei
    Ding, Yi
    [J]. RENEWABLE ENERGY INTEGRATION WITH MINI/MICROGRID, 2019, 159 : 298 - 303
  • [3] Experimental Market Mechanism Design for Double Auction
    Furuhata, Masabumi
    Perrussel, Laurent
    Thevenin, Jean-Marc
    Zhang, Dongmo
    [J]. AI 2009: ADVANCES IN ARTIFICIAL INTELLIGENCE, PROCEEDINGS, 2009, 5866 : 1 - +
  • [4] SIMULATED STUDY OF AN AUCTION MARKET
    WHAN, RB
    RICHARDSON, RA
    [J]. AUSTRALIAN JOURNAL OF AGRICULTURAL ECONOMICS, 1969, 13 (02): : 91 - 100
  • [5] Auction-based parking mechanisms considering withdrawal behaviors
    Xiao, Haohan
    Xu, Min
    Wang, Shuaian
    [J]. TRANSPORT POLICY, 2024, 147 (81-93) : 81 - 93
  • [6] Hydropower Storage Optimization Considering Spot and Intraday Auction Market
    Braun, Sebastian
    [J]. 5TH INTERNATIONAL WORKSHOP ON HYDRO SCHEDULING IN COMPETITIVE ELECTRICITY MARKETS, 2016, 87 : 36 - 44
  • [7] Generation expansion planning in electricity market considering uncertainty in load demand and presence of strategic GENCOs
    Valinejad, Jaber
    Marzband, Mousa
    Akorede, Mudathir Funsho
    Barforoshi, Taghi
    Jovanovic, Milutin
    [J]. ELECTRIC POWER SYSTEMS RESEARCH, 2017, 152 : 92 - 104
  • [8] A Multi-agent Simulation Model Considering the Bounded Rationality of Market Participants: An Example of GENCOs Participation in the Electricity Spot Market
    Pan, Zhanhua
    Jing, Zhaoxia
    Ji, Tianyao
    Song, Yuhui
    [J]. MULTI-AGENT-BASED SIMULATION XXIV, MABS 2023, 2024, 14558 : 129 - 145
  • [9] Dynamics of electricity market with bounded rationality Cournot game considering transmission constraints
    Yang, Hongming
    Liu, Zhengjun
    Lai, Mingyong
    [J]. IPEC: 2005 INTERNATIONAL POWER ENGINEERING CONFERENCE, VOLS 1 AND 2, 2005, : 450 - 455
  • [10] Dynamics of cournot game of electricity market with bounded rationality considering transmission constraints
    Yang, Hongming
    Zhou, Renjun
    Lai, Mingyong
    [J]. 2005/2006 IEEE/PES TRANSMISSION & DISTRIBUTION CONFERENCE & EXPOSITION, VOLS 1-3, 2006, : 511 - +