Journal ArticleDOI
Modeling methods for GenCo bidding strategy optimization in the liberalized electricity spot market–A state-of-the-art review
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TLDR
In this paper, the authors present a comprehensive literature analysis on the state-of-the-art research of bidding strategy modeling methods, including game theory, mathematical programming, game theory and agent-based models.About:
This article is published in Energy.The article was published on 2011-08-01. It has received 195 citations till now. The article focuses on the topics: Bidding & Electricity market.read more
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Offering model for a virtual power plant based on stochastic programming
TL;DR: In this article, the authors considered a virtual power plant consisting of an intermittent source, a storage facility, and a dispatchable power plant, and casted the offering problem as a two-stage stochastic mixed-integer linear programming model.
Journal ArticleDOI
Local flexibility markets: Literature review on concepts, models and clearing methods
TL;DR: This paper reviews local flexibility markets, which are currently being discussed and designed to provide trading platforms for local participants, including distribution system operators and aggregators, and summarizes the key elements, technologies and participants.
Journal ArticleDOI
A Novel Peer-to-Peer Local Electricity Market for Joint Trading of Energy and Uncertainty
Zhong Zhang,Ran Li,Furong Li +2 more
TL;DR: A peer-to-peer (P2P) local electricity market model incorporating both energy trading and uncertainty trading simultaneously and enables more PV uncertainty to be balanced locally rather than propagating to the upper layer system is proposed.
Journal ArticleDOI
Prosumer bidding and scheduling in electricity markets
TL;DR: In this paper, the authors propose short-term decision-support models for aggregators that sell electricity to prosumers and buy back surplus electricity, where the aggregator can control flexible energy units at the prosumers.
Journal ArticleDOI
Evaluating the Contribution of Energy Storages to Support Large-Scale Renewable Generation in Joint Energy and Ancillary Service Markets
TL;DR: A reformulation approach based on the potential function is proposed, which can transform the bi-level equilibrium model into an integrated single-level optimization problem to enhance the computation efficiency and indicate that the ESSs indirectly but substantially provide improved flexibilities while pursuing individual profit maximization.
References
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Journal ArticleDOI
Reinforcement learning: a survey
TL;DR: Central issues of reinforcement learning are discussed, including trading off exploration and exploitation, establishing the foundations of the field via Markov decision theory, learning from delayed reinforcement, constructing empirical models to accelerate learning, making use of generalization and hierarchy, and coping with hidden state.
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Reinforcement Learning: A Survey
TL;DR: A survey of reinforcement learning from a computer science perspective can be found in this article, where the authors discuss the central issues of RL, including trading off exploration and exploitation, establishing the foundations of RL via Markov decision theory, learning from delayed reinforcement, constructing empirical models to accelerate learning, making use of generalization and hierarchy, and coping with hidden state.
Journal ArticleDOI
Competition in the British Electricity Spot Market
Richard Green,David M. Newbery +1 more
TL;DR: In this paper, the authors show that the Nash equilibrium in supply schedules implies a high markup on marginal cost and substantial deadweight losses, and that subdividing the generators into five firms would produce better results.
Journal ArticleDOI
Supply function equilibria in oligopoly under uncertainty
Paul Klemperer,Margaret A. Meyer +1 more
TL;DR: In this paper, the authors model an oligopoly facing uncertain demand in which each firm chooses as its strategy a "supply function" relating its quantity to its price, and prove the existence of a Nash equilibrium in supply functions for a symmetric oligopoly producing a homogeneous good.
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