Optimal GENCO Bidding Strategy

Optimal GENCO Bidding Strategy

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A market simulator is a valuable training and evaluation tool to assist sellers, buyers, and regulators to understand market performance and make better decisions. A traditional optimization model may not be enough to consider the distributed, large-scale, and complex energy market. This research compares the performance and searching paths of different artificial life techniques such as Genetic Algorithm (GA), Evolutionary Programming (EP), and Particle Swarm (PS), and look for a proper method to emulate Generation Companies' (GENCOs) bidding strategies.124 Figure 45: Company A Profit for Incomplet Information in 4-Bus System........... ..... 125 Figure 46: One Line Diagram for RTS96 System [73] ..................................... .......... 126 ... in RTS96 System ............ 142 Figure 56: Main Menu of GenBidding.


Title:Optimal GENCO Bidding Strategy
Author:
Publisher:ProQuest - 2007
ISBN-13:

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