Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
704780 | Electric Power Systems Research | 2010 | 13 Pages |
Abstract
This paper proposes four decision-making procedures to be employed by electric generating companies as part of their bidding strategies when competing in an ologopolistic market: naïve, forward, adaptive, and moving average expectations. Decision-making is formulated in a dynamic framework by using linear control theory. The results reveal that interactions among all GENCOs affect market dynamics. Several numerical examples are reported, and conclusions are presented.
Related Topics
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Energy Engineering and Power Technology
Authors
G. Gutiérrez-Alcaraz, Gerald B. Sheblé,