A novel optimization model for biding in the deregulated power market with pay as a bid settlement mechanism, based on the stochastic market clearing price
Omid Motamedisedeh, Bakhtiar Ostadi, Faranak Zagia, Ali Husseinzadeh Kashan
Topics & Concepts
Market clearingBiddingClearingElectricity marketRevenueMathematical optimizationProcurementSettlement (finance)Order (exchange)Computer scienceEconometricsFunction (biology)EconomicsOperations researchElectricityMicroeconomicsMathematicsEngineeringFinanceEvolutionary biologyElectrical engineeringPaymentBiologyManagementElectric Power System OptimizationSmart Grid Energy ManagementEnergy Load and Power Forecasting