Optimal Supply Functions in Electricity Markets with Option Contracts and Non-smooth Costs.

Edward J. Anderson Huifu Xu

Published in: Math. Methods Oper. Res. (2006)

Keyphrases

electricity markets
market clearing
profit maximizing
electric power
software agents
expected cost
unit commitment
bidding strategies
uncertain demand
power generation
agent based simulation
cooperative
business models
supply chain
total cost
game theory
market participants
optimal solution
principal agent