Bidding strategy of a micro grid for the day-ahead energy and spinning reserve markets: the problem formulation
نویسندگان
چکیده
منابع مشابه
Optimal Bidding Strategies of GENCOs in Day-Ahead Energy and Spinning Reserve Markets Based on Hybrid GA-Heuristic Optimization Algorithm
In an electricity market, every generation company (GENCO) attempts to maximize profit according to other participants bidding behaviors and power systems operating conditions. The goal of this study is to examine the optimal bidding strategy problem for GENCOs in energy and spinning reserve markets based on a hybrid GA-heuristic optimization algorithm. The heuristic optimization algorithm used...
متن کاملParticipating of Micro-grids in energy and spinning reserve markets – Intra-day market
Due to uncertain nature of wind and photovoltaic power units, the participation of this units in electricity markets is subjected to significant deviation penalties. This issue leads to despondency or even admission of these units in the competitive environment. With regard to this fact that the low deviations are available when predictions are performed in a short-term horizon and also distrib...
متن کاملPrice-takers’ bidding strategies in joint energy and spinning reserve pay-as-bid markets
Strategic bidding in joint energy and spinning reserve markets is a challenging task from the viewpoint of generation companies (GenCos). In this paper, the interaction between energy and spinning reserve markets is modeled considering a joint probability density function for the prices of these markets. Considering pay-as-bid pricing mechanism, the bidding problem is formulated and solved as a...
متن کاملparticipating of micro-grids in energy and spinning reserve markets – intra-day market
due to uncertain nature of wind and photovoltaic power units, the participation of this units in electricity markets is subjected to significant deviation penalties. this issue leads to despondency or even admission of these units in the competitive environment. with regard to this fact that the low deviations are available when predictions are performed in a short-term horizon and also distrib...
متن کاملParticipating of Micro-grids in energy and spinning reserve markets – Intra-day market
Due to uncertain nature of wind and photovoltaic power units, the participation of this units in electricity markets is subjected to significant deviation penalties. This issue leads to despondency or even admission of these units in the competitive environment. With regard to this fact that the low deviations are available when predictions are performed in a short-term horizon and also distrib...
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ژورنال
عنوان ژورنال: International Journal of Heat and Technology
سال: 2017
ISSN: 0392-8764,0392-8764
DOI: 10.18280/ijht.35sp0163