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HICSS
2006
IEEE

An Agent-Based Optimal Bidding Function

13 years 9 months ago
An Agent-Based Optimal Bidding Function
Problems such as price volatility have been observed in electric power markets. Demand-side participation is often offered as a potential solution by promising to increase market efficiency when hockey-stick type offer curves are present. However, individual endconsumer will surely value electricity differently, which makes demand-side participation as a group and at a bus difficult. In this paper demand is categorized into two groups: one that highly values reliability and the other that does not. The two types are modeled separately and a new optimal bidding function is developed and tested based on this model. .
HyungSeon Oh, Robert J. Thomas
Added 11 Jun 2010
Updated 11 Jun 2010
Type Conference
Year 2006
Where HICSS
Authors HyungSeon Oh, Robert J. Thomas
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