| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 6860901 | International Journal of Electrical Power & Energy Systems | 2012 | 7 Pages |
Abstract
⺠A multi-agent based experiment was constructed to compare and analyze the auction mechanisms in power market. ⺠The bid price and quantity of each generator is based on a reinforcement learning algorithm. ⺠In the equilibrium process, the market price in the PAB mechanism is lower. ⺠In the equilibrium state, the market price in the PAB mechanism is higher. ⺠The unconscious collusion behaviors are a key reason for producing generator market power.
Related Topics
Physical Sciences and Engineering
Computer Science
Artificial Intelligence
Authors
Zhen Liu, Jianming Yan, Yuren Shi, Kaiwei Zhu, Gangqing Pu,