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Paper Information

Title: 

OPTIMAL BIDDING STRATEGY IN THE RESTRUCTURED ELECTRICITY INDUSTRY

Type: PAPER
Author(s): AKHBARI MOHAMMAD*
 
 *ECONOMIC AND SOCIAL DEPARTMENT OF MATN CO.
 
Name of Seminar: INTERNATIONAL POWER SYSTEM CONFRENCE
Type of Seminar:  CONFERENCE
Sponsor:  SHERKATE TAVANIR
Date:  2004Volume 19
 
 
Abstract: 

THIS PAPER DESCRIBES THE IRANIAN ELECTRICITY MARKET AND ADDRESSES THE BIDDING STRATEGIES AND BEHAVIOR OF THE MARKET PARTICIPANTS. IN PARTICULAR THIS PAPER EMPLOYS FUZZY CLASSIFICATION MODEL TO IDENTIFY BIDDING PATTERNS IN THE MARKET. IN ADDITION, THE PAPER ALSO DISCUSSES A STRATEGY TO OPTIMIZE THE PROFIT MAXIMIZATION CRITERIA, THE STRATEGY ENSURES POSITIVE EARNING FOR ELECTRICAL POWER GENERATORS.

 
Keyword(s): BIDDING STRATEGY, FUZZY MODELING, MARGINAL COST, ELECTRICITY MARKET
 
 
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