A Bidding Strategy for Day-ahead and Real-time Markets Based on Newsvendor Method in Electricity Markets
The electrical power system has the uncertainty in its operation process, from this brings the demand forecast can with actual demand existence certain deviation. The balanced from the electricity generation and the load demand may brought to be, by using of the day-ahead and real-time electricity market transaction mechanism and the demand realtime adjustment electricity generation. At the same time, to manifest the demand-side fully in the market competition function, a revised bidding strategy was studied for the demand-side under the day-ahead and real-time market, making use of two stage decision method of the newsvendor problem. The example had indicated this method had feasible.
demand-side electricity market day-ahead and real-time market newsvendor problem bidding strategy
Zhongping Wan Heng Fan
School of Mathematics and Statistics Wuhan University, Wuhan 430072 China Central Southern China Electric Power Design Institute, Wuhan 430071 China
国际会议
西安
英文
890-893
2010-08-07（万方平台首次上网日期，不代表论文的发表时间）