Decision Making of Gencos Under Uncertainty for Bidding in Day-Ahead Electricity Market Using Point Estimate Method
Publish place: National Conference of Technology, Energy & Data on Electrical & Computer Engineering
Publish Year: 1394
Type: Conference paper
Language: English
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Document National Code:
TEDECE01_467
Index date: 21 November 2015
Decision Making of Gencos Under Uncertainty for Bidding in Day-Ahead Electricity Market Using Point Estimate Method abstract
Demand for energy and especially electric energy is growing strongly in modern society and in particular in developing countries, like Iran. This has been lead to use of government's annual budget for development, production and transfer of energy to consumers. In this paper, participatory planning of units has been considered based on price considering a system with 10 generators. The aim of paper is to maximize the profit through satisfying the technical constraints of units. There are many ways for studies related to uncertainty. The point estimate method is one of the newest and efficient methods for these studies. In this paper, uncertainties arising from load have been implemented on market studies using point estimate method. Numerical results show the power and optimality of proposed method.
Decision Making of Gencos Under Uncertainty for Bidding in Day-Ahead Electricity Market Using Point Estimate Method Keywords:
Decision Making of Gencos Under Uncertainty for Bidding in Day-Ahead Electricity Market Using Point Estimate Method authors
Ehsan Bayat
Parsian Institute of Higher Education Qazvin, Iran
HeidarAli Shayanfar
Iran University of Science and Technology Tehran, Iran
Morteza Shafiekhani
Parsian Institute of Higher Education Qazvin, Iran
Aliakbar Maroosi
Iran University of Science and Technology Tehran, Iran
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