Biding Strategy in Restructured Environment of Power Market Using Game Theory

J. Shadmani; M. Rashidinejad; A. Abdollahi; I. Taheri

Volume 3, Issue 1 , January 2015, , Pages 29-36

  In the restructured environment of electricity market, firstly the generating companies and the customers are looking for maximizing their profit and secondly independent system operator is looking for the stability of the power network and maximizing social welfare. In this paper, a one way auction ...  Read More

Bidding Strategy in Spot Markets with Definition of a New Market Power Index by Using Conjectural Variation

M. Hafezi_Nasab; M. Rashidinejad; A. Abdollahi; I. Taheri

Volume 2, Issue 2 , July 2014, , Pages 63-68

  In this paper, the concept of Conjectural Variation (CV) is used to specify optimal generation decision for generation companies (Gencos). The conjecture of Genco is defined as its belief or expectation about the reaction of rivals to change of its output. Using CV method, each Genco has to learn and ...  Read More