Modeling methods for GenCo bidding strategy optimization in the liberalized electricity spot market–A state-of-the-art review

G Li, J Shi, X Qu - Energy, 2011 - Elsevier
The electricity market has since 1980s been gradually evolving from a monopoly market into
a liberalized one for encouraging competition and improving efficiency. This brings the …

Comprehensive survey on support policies and optimal market participation of renewable energy

A Cicek, S Güzel, O Erdinc, JPS Catalao - Electric Power Systems …, 2021 - Elsevier
Energy demand in the world is mostly met by conventional sources that cause carbon
emissions. Considering environmental problems and the depletion of these sources in the …

Putting renewable energy auctions into action–An agent-based model of onshore wind power auctions in Germany

V Anatolitis, M Welisch - Energy Policy, 2017 - Elsevier
The following analysis looks into auctions for renewable energy, specifically onshore wind
power in Germany. Following an agent-based modeling approach, the two most commonly …

Optimal bidding strategy of wind power producers in pay-as-bid power markets

K Afshar, FS Ghiasvand, N Bigdeli - Renewable Energy, 2018 - Elsevier
This paper presents a method to determine the optimal bidding strategy of the wind power
producers with market power for a strategic presence in the day-ahead market with pay as …

A hybrid approach based on IGDT–MPSO method for optimal bidding strategy of price-taker generation station in day-ahead electricity market

S Nojavan, K Zare, MA Ashpazi - International Journal of Electrical Power & …, 2015 - Elsevier
This paper considers a price-taker generation station producer that participates in a day-
ahead market. The producer behaves as a price-taker participant in the day-ahead electricity …

Supplier's optimal bidding strategy in electricity pay-as-bid auction: Comparison of the Q-learning and a model-based approach

M Rahimiyan, HR Mashhadi - Electric Power Systems Research, 2008 - Elsevier
In this paper, the bidding decision making problem in electricity pay-as-bid auction is studied
from a supplier's point of view. The bidding problem is a complicated task, because of …

Impacts of previous revenues on bidding strategies in electricity market: A quantitative analysis

Q Li, Z Yang, J Yu, W Li - Applied Energy, 2023 - Elsevier
With the development of electricity markets, generation companies (GenCos) generally
participate in multiple markets at different time steps to earn profits. GenCos' previous …

An analytical approach to estimate structural and behavioral impact of renewable energy power plants on LMP

MJP Jaghargh, HR Mashhadi - Renewable Energy, 2021 - Elsevier
Implementation of renewable energy support policies in many countries for the sake of
energy security and climate change mitigation worldwide raises the importance of …

Optimal risky bidding strategy for a generating company by self-organising hierarchical particle swarm optimisation

C Boonchuay, W Ongsakul - Energy Conversion and Management, 2011 - Elsevier
In this paper, an optimal risky bidding strategy for a generating company (GenCo) by self-
organising hierarchical particle swarm optimisation with time-varying acceleration …

Security-constrained self-scheduling of generation companies in day-ahead electricity markets considering financial risk

N Amjady, V Vahidinasab - Energy conversion and management, 2013 - Elsevier
In this paper, a new security-constrained self-scheduling framework incorporating the
transmission flow limits in both steady state conditions and post-contingent states is …