A new optimal bidding strategy based on risk aversion attitude of power market suppliers

被引：0
|
作者：
Ding, Qiaolin [1 ]
Tang, Jing [1 ]
Liu, Hanxin [1 ]
机构：
[1] N China Elect Power Univ, Dept Elect Engn, Baoding 071000, Hebei, Peoples R China
来源：
IPEC: 2005 INTERNATIONAL POWER ENGINEERING CONFERENCE, VOLS 1 AND 2 | 2005年
关键词：
bidding strategy; confidence level; forecasted price; probability distribution; risk aversion; variable cost;
D O I：
10.1109/IPEC.2005.207073
中图分类号：
TP18 [人工智能理论];
学科分类号：
081104 ; 0812 ; 0835 ; 1405 ;
摘要：
this paper provides a framework to obtain some optimal strategies according to different risk analysis and decisions. An optimization process is used to find the optimal production for forecasted price and several boundary prices which are defined based on different confidence level of price probability distribution. Market participants would select their most interesting prices related to its attitude depends on its degree of risk aversion to construct the bidding strategy. The main contribution of this work is a methodology to find a bidding strategy. The new optimal bidding strategy composed of curves with optimal offer blocks where only information related to forecasted demand and market-clearing prices is required shows its superiority to others.
引用
收藏
页码：1111 / 1115
页数：5
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