Title :
Modeling dynamic generation companies’ bidding strategies
Author :
Estrada-Cruz, O. ; Gutierrez-Alcaraz, G. ; Tovar-Hernández, H.
Author_Institution :
Dept. of Electr. Eng., Inst. Tecnol. de Morelia, Morelia
Abstract :
This paper provides a comparative analysis of the Cournot model as applied to spot electricity markets. The Cournot model is formulated by using linear control theory in order to study dynamic market behavior. N-player ologopolistic market structure is presented in this paper. Numerical examples are provided.
Keywords :
power system economics; Cournot model; dynamic generation companies bidding strategies; electricity markets; linear control theory; Consumer electronics; Control system synthesis; Control theory; Electricity supply industry; Game theory; Learning systems; Linear systems; Load forecasting; Power generation; Power system modeling; Cournot Model; Electricity Market; Power;
Conference_Titel :
Power and Energy Conference, 2008. PECon 2008. IEEE 2nd International
Conference_Location :
Johor Bahru
Print_ISBN :
978-1-4244-2404-7
Electronic_ISBN :
978-1-4244-2405-4
DOI :
10.1109/PECON.2008.4762680
