Abstract Nowadays, renewable energies are important sources for supplying electric power demand and a key entity of future energy markets. Therefore, wind producers (WPPs) in most the systems world have role. On other hand, speed uncertainty makes WPPs deferent generators, which turn causes adequate bidding strategies, that leads to market rules, functional abilities turbines penetrate market. ...

ITERATIVE COMBINATORIAL AUCTIONS: ACHIEVING ECONOMIC AND COMPUTATIONAL EFFICIENCY David Christopher Parkes Supervisor: Lyle H. Ungar This thesis presents new auction-based mechanisms to coordinate systems of selfinterested and autonomous agents, and new methods to design such mechanisms and prove their optimality. Computation is increasingly carried out on open networks, with self-interested pr...

This paper develops an optimal energy bidding mechanism for the regional integrated electricity–hydrogen system (RIEHS) considering complex flow and further presents optimization management strategy based on Stackelberg game. The transaction mode of RIEHS is first introduced, models three market game participants are established. Then, game-based formulated, where operator (EHO) leader prosumer...

This paper proposes GENCOs' profit maximization using Binary Article Bee Colony Optimization based on global best parameters (GbBABC). The optimal rival bidding strategy is employed to maximize GENCOs' profit. Monte Carlo (MC) simulation has been used to predict the bidding behavior of the rivals. In this paper, a bi-level optimization problem has been proposed to obtain the optimal b...

Online auctions, in the absence of spatial, temporal and geographic constraints, provide an alternative supply chain channel for the distribution of goods and services. This channel differs from the common posted-price mechanism that is typically used in the retail sector. In consumer-oriented markets, buyers can now experience the thrill of ‘winning’ a product, potentially at a bargain, as opp...

This paper reports on the development of a comprehensive framework for the analysis and formulation of bids in competitive electricity markets. Competing entities submit offers of power and energy to meet the next day's load. We use the England and Wales Power Pool as the basis for the development of a very general competitive power pool (CPP) framework. The framework provides the basis for sol...

Restructuring in the power industry is followed by splitting different parts and creating a competition between purchasing and selling sections. As a consequence, through an active participation in the energy market, the service provider companies and large consumers create a context for overcoming the problems resulted from lack of demand side participation in the market. The most prominent ch...

This paper investigates bidding strategy in a package auction under incomplete information. I consider a simplified and limited case, where each bidder wants a unique bundle of goods and evaluates them as perfect complements. The auction is standard ascending with package bidding, however, I adopt the “proxy bidding rule.” The auction is interpretted as a limited version of Ausubel and Milgrom ...

In many power markets around the world the energy generation decisions result from two-sided auctions in which producing and consuming agents submit their price-quantity bids. The determination of optimal bids in power markets is a complicated task that has to be undertaken every day. In the present work, we propose an optimization model for a price-taker hydropower producer in Nord Pool that t...