Demand bidding construction for a large consumer through a hybrid IGDT-probability methodology

作者：Zare Kazem; Moghaddam Mohsen Parsa^*; El Eslami Mohammad Kazem Sheikh

来源：Energy, 2010, 35(7): 2999-3007.

DOI：10.1016/j.energy.2010.03.036

• Bidding strategy
• First order reliability method
• Information gap decision theory
• Large consumer

This paper provides a technique to derive the bidding strategy in the day-ahead market for a large consumer that procures its electricity demand in both day-ahead market and a subsequent adjustment market. It is considered that hourly market prices are normally distributed and this correlation is modeled by variance-covariance matrix. The uncertainty of procurement cost is modeled using concepts derived from information gap decision theory which allows deriving robust bidding strategies with respect to price volatility. First Order Reliability Method is applied to construct the robust bidding curve. The proposed technique is illustrated through a realistic case study.

• 出版日期2010-7