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Associates Market Model Power Producers Under The Optimal Bidding Strategy

Posted on:2006-12-13Degree:MasterType:Thesis
Country:ChinaCandidate:Y M HuangFull Text:PDF
GTID:2206360152990774Subject:Power system and its automation
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This dissertation principally performs a research on optimal bidding strategy problem of power producers in pool electrical market model and brings forward a new bidding strategy based on fuzzy game theory of incomplete information.Main content of this one is to resolve the bidding strategy problem of power producers in an electricity market, especially pool model, in order to institute optimal bidding strategy for power producers maximizing profits. In an electricity market , power producers have to deal with not only the traditional self-scheduling question , but also participate in an electricity market on their own initiation and institute optimal bidding strategy for maximizing profits . Thus how to institute optimal bidding strategy of power producers in an electricity market is quite attentive question of power producers, its result producing far-reaching influence for economics and credibility of power system in China.Much particularity in power industry , such as limited power producers , large scale of investment , transmission constraints and transmission losses , decides that an electricity market is mot a completely competitive market ,but close to an oligopoly market. Besides bidding of power producers, that is, bidding curves keep secret in the market. Therefore bidding of power markets belong to a incomplete information game theory of non-cooperation. But the existing models of bidding strategy don't consider incomplete information of opponent, especially bidding preference and bidding strategy, violating the characteristic of bidding in an electricity market.This paper discusses the correlative questions of bidding strategy in pool model and applies fuzzy set theory to bring incomplete information of bidding preference and bidding strategy making bidding decision into non-cooperative game theory, veritably reflecting bidding strategy of making bidding decision in the actual power markets. This one introduces some bidding strategy models of domestic literature. Analysis on an example shows that the bidding strategy is rationality and effectiveness of our method.
Keywords/Search Tags:electricity market, pool, bidding strategy, game theory, fuzzy set theory, non-cooperation, incomplete information
PDF Full Text Request
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