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《Transactions of China Electrotechnical Society》 2004-04
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Study of the Single-Bargainer Electricity Market and Energy Purchaser's Bidding Strategy

Huang Zhiwei 1 Chen Yunping 1 Yan Zheng 2 Ni Yixin 2(1.Wuhan University Wuhan 430072 China 2.Hong Kong University Hong Kong China)  
In order to solve the problem of soaring electricity price during the period of energy supply shortage, a single bargainer electricity market has been developed. First, the market rules and trading mechanism are discussed, and proposed bidding strategy based on step-wise bidding rules and its mathematical model. Then a stochastic optimization formulation is developed and two methods proposed for describing and solving this problem. A numerical example serves to illustrate the essential features of the approach and some useful results are achieved.
【CateGory Index】: F407.61
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