Success rate based bidding strategy for distributed gencos

Success rate based bidding strategy for distributed gencos

This Final Year Report will present the outcome of an investigation into the bidding strategy for Distributed Generation (DG) in a deregulated electricity market. Uncertainty pertaining to the market prices, solar availability and imbalance settlement rules were taken into account in the analysis. I...

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Bibliographic Details
Main Author: Ta, Wee Kiang
Other Authors: Govinda Bol Shrestha
Format: Final Year Project
Language:English
Published: 2011
Subjects:
DRNTU::Engineering::Electrical and electronic engineering::Electric power::Auxiliaries, applications and electric industries
Online Access:http://hdl.handle.net/10356/45639
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Institution: Nanyang Technological University
Language: English
Description
Summary:This Final Year Report will present the outcome of an investigation into the bidding strategy for Distributed Generation (DG) in a deregulated electricity market. Uncertainty pertaining to the market prices, solar availability and imbalance settlement rules were taken into account in the analysis. It was observed that these uncertainties together with the success rate and the probability of generating the offered quantity would affect the DG owner bidding strategy. The proposed analysis techniques could be translated to a linear programming problem and solved using commercially available software. Appropriate conclusions are duly drawn.

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