Title : ( A Risk-Based Bidding Strategy in an Electricity Multimarket )
Authors: Javid Khorasani , Habib Rajabi Mashhadi ,
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Abstract
In this paper, a risk-based bidding strategy is proposed for a generation company, who want to participate in an electricity multimarket as a price-taker. Due to interaction between energy and reserve markets, bidding in a joint energy and reserve market is a challenging problem. A previously only-energy presented method is generalized in order to design the bid functions and to calculate the optimal bidding parameters in a pay-as-bid pricing mechanism. The effect of cost and risk-aversion degree of generating companies and correlation value between energy and reserve market clearing prices is analyzed.
Keywords
, bidding strategy, electricity market, multimarke
@inproceedings{paperid:1024247,
author = {Javid Khorasani and Rajabi Mashhadi, Habib},
title = {A Risk-Based Bidding Strategy in an Electricity Multimarket},
booktitle = {نوزدهمین کنفرانس مهندسی برق ایران},
year = {2011},
location = {IRAN},
keywords = {bidding strategy; electricity market; multimarke},
}
%0 Conference Proceedings
%T A Risk-Based Bidding Strategy in an Electricity Multimarket
%A Javid Khorasani
%A Rajabi Mashhadi, Habib
%J نوزدهمین کنفرانس مهندسی برق ایران
%D 2011
