Strategic equilibrium bidding for electricity suppliers in a day-ahead market using inverse optimization.
Ruidi ChenIoannis Ch. PaschalidisMichael C. CaramanisPublished in: CDC (2017)
Keyphrases
- electricity markets
- bidding strategies
- market participants
- market clearing
- market equilibrium
- electric power
- market prices
- unit commitment
- budget constraints
- software agents
- power generation
- wind power
- short term
- trading agents
- decision making
- sealed bid
- test bed
- resource allocation
- electronic marketplaces
- auction mechanisms
- trading agent competition
- knowledge management
- short and long term
- market conditions
- double auction
- competitive market
- combinatorial auctions
- business models
- decision makers
- competitive environment
- stochastic programming
- simultaneous optimization
- supply chain management
- online auctions
- market competition