globalchange  > 气候变化与战略
DOI: 10.1016/j.enpol.2020.111740
论文题名:
Optimization of bidding strategy in the day-ahead market by consideration of seasonality trend of the market spot price
作者: Motamedi Sedeh O.; Ostadi B.
刊名: Energy Policy
ISSN: 03014215
出版年: 2020
卷: 145
语种: 英语
中文关键词: Deregulated market ; Genetic algorithm ; Monte Carlo simulation ; Pay-as-bid ; Similarity function
英文关键词: Electric industry ; Function evaluation ; Genetic algorithms ; K-means clustering ; Monte Carlo methods ; Reinforcement learning ; Day ahead market ; Electricity spot price ; Fitness functions ; Generation companies ; Market Clearing Price ; Prediction accuracy ; Similarity functions ; Uncertainty factors ; Power markets ; computer simulation ; electricity supply ; genetic algorithm ; Monte Carlo analysis ; optimization ; price dynamics ; seasonality ; Iran
英文摘要: Due to the liberalization of the electricity market, evaluation of competitor behaviors, as an uncertainty factor, is a critical information for a Generation Company (GenCo) to maximize its profit by optimizing bidding strategies. In this paper, a new bidding strategy model has been presented based on the Genetic Algorithm and a refined Monte Carlo simulation model. This process is done through the similarity function and consideration of the seasonality trend as the main characteristic of the electricity spot price. The main contributions of this paper include: (a): Consideration of the similarity value for all days in historical dates in the database, (b): Consideration of the seasonality trend of market clearing price by applying K-Means algorithm for clustering historical data based on demand, (c): Application of the proposed model for each cluster's data, (d): Performance evaluation of the fitness function of each generated strategy by a simulation model based on historical data. The proposed model has been tested for the 10 subsets of Iran's electricity market 2016. The obtained results show that the proposed model is statistically efficient, and the prediction accuracy of MCP by the proposed model can be improved by more than 25% and 11% compared with a simple simulation model and the hybrid of simulation and Q-learning model. © 2020 Elsevier Ltd
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被引频次[WOS]:11   [查看WOS记录]     [查看WOS中相关记录]
资源类型: 期刊论文
标识符: http://119.78.100.158/handle/2HF3EXSE/167369
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作者单位: Faculty of Industrial and Systems Engineering, Tarbiat Modares UniversityTehran, Iran; Faculty of Industrial and Systems Engineering, Tarbiat Modares UniversityTehran 1411713116, Iran

Recommended Citation:
Motamedi Sedeh O.,Ostadi B.. Optimization of bidding strategy in the day-ahead market by consideration of seasonality trend of the market spot price[J]. Energy Policy,2020-01-01,145
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