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

https://doi.org/10.22061/jecei.2014.243

Abstract
  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