The DOI matches its Crossref record; 1 of the 1 references it cites were found in a registry or an index.
Price-taker bidding strategy under price uncertainty
Abstract
This paper provides a framework to obtain the optimal bidding strategy of a price-taker producer. An appropriate forecasting tool is used to estimate the probability density functions of next-day hourly market-clearing prices. This probabilistic information is used to formulate a self-scheduling profit maximization problem that is solved taking advantage of its particular structure. The solution of this problem allows deriving a simple yet informed bidding rule. Results from a realistic case study are discussed in detail.
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Citations
Cites
Optimal response of a thermal unit to an electricity spot market
Arroyo, J. M., & Conejo, A. J. (2000) · IEEE Transactions on Power Systems · doi:10.1109/59.871739 · Cited by 536
Self-citation
Cited by
Decision making under uncertainty in electricity markets
Barroso, L. A., & Conejo, A. J. (2006) · 2006 IEEE Power Engineering Society General Meeting · doi:10.1109/pes.2006.1709323 · Cited by 622
Self-citationAzizivahed, A., Arefi, A., Ghavidel, S., Shafie-khah, M., Li, L., Zhang, J., & Catalao, J. P. S. (2020) · IEEE Transactions on Sustainable Energy · doi:10.1109/tste.2019.2901429 · Cited by 212
Offering Strategy Via Robust Optimization
Baringo, L., & Conejo, A. J. (2011) · IEEE Transactions on Power Systems · doi:10.1109/tpwrs.2010.2092793 · Cited by 165
Self-citation
Metadata
- Authors
- Conejo, A. J., Nogales, F. J., & Arroyo, J. M.
- Venue
- IEEE Transactions on Power Systems
- Published
- 2002-11
- Volume
- 17
- Issue
- 4
- Pages
- 1081-1088
- ISSN
- 0885-8950 (ISSN-L)
- OpenAlex
- W2128471850
- Cited by
- 322
- References
- 1
- FWCI
- 6.31
- Type
- journal article
- Language
- en
- Open access
- closed
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- Conejo, A. J., Nogales, F. J., & Arroyo, J. M. (2002). Price-taker bidding strategy under price uncertainty. IEEE Transactions on Power Systems. https://doi.org/10.1109/tpwrs.2002.804948
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Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.