학술논문

Strategic bidding in electricity spot markets under uncertainty: a roadmap
Document Type
Conference
Source
2006 IEEE Power Engineering Society General Meeting Power Engineering Society General Meeting Power Engineering Society General Meeting, 2006. IEEE. :8 pp. 2006
Subject
Power, Energy and Industry Applications
Components, Circuits, Devices and Systems
Engineered Materials, Dielectrics and Plasmas
Robotics and Control Systems
Communication, Networking and Broadcast Technologies
Uncertainty
Production
Companies
Costs
Power generation
Power industry
Optimization methods
Stochastic processes
Spinning
Wind
Electricity spot markets
optimal bidding strategies
stochastic programming
Language
ISSN
1932-5517
Abstract
The liberalization of the power industry and the creation of electricity spot markets throughout the world has triggered a significant research effort both by academic and practitioners. A part of this effort has been oriented to the development of methodologies and tools devoted to the optimization of bidding strategies for electricity spot markets. Uncertainty with respect to the behavior of the rest of participants is a major ingredient of this problem. After several years a vast literature has been produced on this particular topic. The purpose of this paper is to contribute to the definition of a general body of knowledge by characterizing the most relevant features of some of the lines of research that have been followed.