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Demand-side bidding agents: Modeling and simulation
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DOI：10.1109/TPWRS.2008.922537.png)
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Abstract
En 中文
Problems such as price volatility have been observed in electric power markets. Demand-side participation is frequently offered as a potential solution. by promising to increase market efficiency when hockey-stick-type offer curves are present. However, the individual end-consumer will surely value electricity differently, which makes demand-side participation difficult as a group and at a bus. In this paper demand is categorized into two groups: one that highly values reliability and one that does not. The two types are modeled separately and a new optimal bidding function is developed and tested based on this model.
Keywords:
bidding function
demand-side participation
interruptible load contracting
must-serve demand
price-based demand
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