RISK-CONSTRAINED OPTIMAL BIDDING STRATEGY FOR A GENERATION COMPANY USING SELF-ORGANIZING HIERARCHICAL PARTICLE SWARM OPTIMIZATION

被引:5
|
作者
Boonchuay, Chanwit [2 ]
Ongsakul, Weerakorn [1 ]
机构
[1] Asian Inst Technol, Energy Field Study, Sch Environm Resources & Dev, Klongluang 12120, Pathumthani, Thailand
[2] Rajamangala Univ Technol Rattanakosin, Dept Elect Engn Technol, Fac Ind & Technol, Hua Hin, Prachuap Khiri, Thailand
关键词
D O I
10.1080/08839514.2012.646162
中图分类号
TP18 [人工智能理论];
学科分类号
081104 ; 0812 ; 0835 ; 1405 ;
摘要
This article proposes optimal bidding strategies for a generation company (GenCo) considering risk of profit variation by self-organizing hierarchical particle swarm optimization with time-varying acceleration coefficients (SPSO-TVAC). Based on a trade-off technique, the expected profit maximization and risk minimization are achieved. Nonconvex operating cost functions of thermal generation units and minimum up/ down time constraints are cooperated to provide the optimal bid prices in a day-ahead uniform price spot market. The rivals' bidding behavior is estimated by Monte Carlo simulation. Test results indicate that SPSO-TVAC is superior to inertia weight approach particle swarm optimization (IWAPSO) and genetic algorithm (GA) in searching the optimal bidding strategy solutions.
引用
收藏
页码:246 / 260
页数:15
相关论文
共 50 条
  • [1] A Risk-Constrained Optimal Bidding Strategy for a Generation Company by IWAPSO
    Boonchuay, Chanwit
    Ongsakul, Weerakorn
    [J]. 2009 IEEE BUCHAREST POWERTECH, VOLS 1-5, 2009, : 2699 - 2704
  • [2] A Self-Organizing Neural Network Using Hierarchical Particle Swarm Optimization
    Lin, Cheng-Jian
    Lee, Chin-Ling
    Peng, Chun-Cheng
    [J]. 2011 INTERNATIONAL JOINT CONFERENCE ON NEURAL NETWORKS (IJCNN), 2011, : 817 - 820
  • [3] Optimal risky bidding strategy for a generating company by self-organising hierarchical particle swarm optimisation
    Boonchuay, Chanwit
    Ongsakul, Weerakorn
    [J]. ENERGY CONVERSION AND MANAGEMENT, 2011, 52 (02) : 1047 - 1053
  • [4] Optimal photovoltaic placement by self-organizing hierarchical binary particle swarm optimization in distribution systems
    Phuangpornpitak, N.
    Tia, S.
    [J]. COE ON SUSTAINABLE ENERGY SYSTEM (THAI-JAPAN), 2016, 89 : 69 - 77
  • [5] Self-organizing hierarchical particle swarm optimization for nonconvex economic dispatch
    Chaturvedi, K. T.
    Pandit, Manjaree
    Srivastava, Laxmi
    [J]. IEEE TRANSACTIONS ON POWER SYSTEMS, 2008, 23 (03) : 1079 - 1087
  • [6] Bidding Strategy Based on Improved Particle Swarm Optimization Algorithm for a Generation Company
    Afshar, Karim
    Ahmadi, Saeedeh
    Bigdeli, Nooshin
    [J]. 2012 INTERNATIONAL CONFERENCE ON POWER AND ENERGY SYSTEMS (ICPES 2012), 2012, 13 : 157 - 162
  • [7] Self-Organizing Hierarchical Particle Swarm Optimization of Correlation Filters for Object Recognition
    Tehsin, Sara
    Rehman, Saad
    Bin Saeed, Muhammad Omer
    Riaz, Farhan
    Hassan, Ali
    Abbas, Muhammad
    Young, Rupert
    Alam, Mohammad S.
    [J]. IEEE ACCESS, 2017, 5 : 24495 - 24502
  • [8] Risk-Constrained Combined Bidding Strategy for Arbitrage of a Wind Farm with Power-to-Gas in a Generation Company
    Liu, Peng
    Song, Lei
    She, Xin
    Feng, Shunqiang
    Zhang, Ying
    Wang, Di
    [J]. 2020 IEEE STUDENT CONFERENCE ON ELECTRIC MACHINES AND SYSTEMS (SCEMS 2020), 2020, : 942 - 946
  • [9] Anomaly detection using a self-organizing map and particle swarm optimization
    Shahreza, M. Lotfi
    Moazzami, D.
    Moshiri, B.
    Delavar, M. R.
    [J]. SCIENTIA IRANICA, 2011, 18 (06) : 1460 - 1468
  • [10] A self-organizing particle swarm optimization algorithm and application
    Shen, Yuanxia
    Zeng, Chuanhua
    [J]. ICNC 2007: THIRD INTERNATIONAL CONFERENCE ON NATURAL COMPUTATION, VOL 4, PROCEEDINGS, 2007, : 668 - +