J. Khorasani
Science and Research Branch, Islamic Azad University, Tehran, Iran
[ 1 ] - Price-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...
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